U.S. Mortgage Rates Decline to 3-Year Low in August

Freddie Mac | August 26, 2019

U.S. Mortgage Rates Decline to 3-Year Low in August
According to Freddie Macs latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage rate in the U.S. averaged 3.55 percent, the lowest it has been since November 2016. Sam Khater, Freddie Macs chief economist, says, "The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months, while refinances surged to their highest share in three and a half years. Households that refinanced in the second quarter of 2019 will save an average of $1,700 a year, which is equivalent to about $140 each month."

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REAL ESTATE TECHNOLOGY

High-End Real Estate Reigns Supreme as the Most Lucrative Asset Class

prnewswire | November 11, 2020

While numerous sturdy businesses falter from the effect of the worldwide pandemic, the extravagance private land market keeps on indicating striking versatility. Energized by a bunch of elements - among them, a departure from high-thickness metropolitan zones to more rural, single-family home and bequest centered settings - the world's moguls (about 47 million in number) have reclassified extravagance living. These, in addition to numerous different discoveries identified with the very good quality market, are noted in The Modern Luxury Home: Reimagined - a just-delivered half-yearly investigation by Luxury Portfolio International® (LPI), as a team with YouGov Affluent Perspective. The generally adored brand, which contains in excess of 200 driving very good quality land businesses, is the extravagance showcasing division of Leading Real Estate Companies of the World®. The whitepaper separates various patterns that are presently affecting the well-to-do shopper's spending designs. The acquisition of extravagance merchandise, travel and experiential exercises, for example, have been everything except diminished by COVID-19. In any case, by that equivalent token, very good quality land has demonstrated to be amazingly versatile and more than fit for withstanding the current conditions. "Our research indicates that, while the world's high-net-worth individuals have benefited from growing valuations in financial assets, the coronavirus continues to generate tremendous uncertainty," said Mickey Alam Khan, President of Luxury Portfolio International®. "To that end, luxury real estate is proving to be an ideal investment, and consumer preparedness to purchase is very high, with many regions experiencing record sales." Extra features from the report include: Overall, is three purchasers for each two merchants, exemplified by the way that, in certain business sectors, the gracefully of single-family homes might be as low as a few months of accessible stock (12-year and a half of stock is viewed as ideal in the extravagance private land market). At this crossroads, it isn't exceptional to have various proposals on a posting, which implies that purchasers ought to be set up to have solid proposals close by. Plans to buy an essential home have moved upward during the pandemic, while plans to buy a subsequent home have been moving marginally descending - mainly because of movement limitations - while patterns to sell declined, cultivating a lack of accessible stock. To put it plainly, the report uncovers a genuine "dream market" for dealers. Of those reviewed, around 61% of wealthy purchasers and 57% of well-to-do merchants noticed that they favored eye to eye property visits with a realtor - implying that operators must be completely versed on COVID-19 conventions in their separate regions. The interest for spaces that take into account one's "self" are on the ascent, as are home rebuilds, (increases, and so forth), with 32% of those studied taking note of that they might want to revamp. Seen estimations of home highlights and comforts shift by value range: In the U.S. $1M to $1.9M territory, outside regions are sought after alongside a committed home office. As work-from-home has gotten universal, thus, as well, has the requirement for a peaceful spot to video talk and be beneficial. In the U.S. $2M to $2.9M territory, unwinding and an action room are most noteworthy popular, with extravagance property holders are utilizing health practices to battle the pressure of progress and now life at home almost all day, every day. In the U.S. $3M to $5M+ territory, checked home security (without a doubt because of the steady 'at home' status of the vast majority), and home diversion spaces are progressively searched after. Property venture is ready to develop, with 61% of those studied showing their next huge purchase will be a home-related speculation (either a buy or redesign). 20% showed that it will be a vehicle. The level of the individuals who addressed relaxation get-aways, top notch food, and top of the line design enrolled in the single digits. Despite the pandemic and ensuing lockdowns, by and large shopper trust in both the U.S. furthermore, Europe have gotten back to approach notable levels. The prosperous in Canada and China are as yet working their way back. Altogether, (66%) of the worldwide rich state certainty impacts their longing to make extravagance buys. This, obviously, is a main marker of generally speaking purchaser recuperation. "One very compelling takeaway from the survey involves the affluent consumer's confidence," concluded Alam Khan. "While most high-net-worth individuals are not only enduring, but may well be prospering through the pandemic, 80% of those surveyed noted that they were in good shape to withstand a recession. So, whether the financial headwinds are positive or negative, the affluent consumer will remain pivotal to the global economy." ABOUT LUXURY PORTFOLIO INTERNATIONAL LPI is the luxury marketing division of Leading Real Estate Companies of the World®, the largest global network of premier locally branded firms dominated by many of the world's most powerful, independent luxury brands. LPI attracts a global audience of visitors from over 200 countries/territories every month and markets more than 50,000 luxury homes annually. Well Connected.

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REAL ESTATE INVESTMENT

Global Tourism Start-Up LynKey Announces Blockchain and NFT Solutions for $8 Billion of Smart Tourism and Property

LynKey | January 10, 2022

LynKey, a global platform that powers luxury resort and vacation property with Blockchain, AI, NFTs, and Metaverse tech, just launched a project aiming to tokenize and offer NFT, Metaverse solutions of over $8 billion dollars for travel and tourism. The idea of real estate tokenisation first came into public awareness when TechCrunch founder Michael Arrington purchased the world's first blockchain-backed apartment on Propy in 2017. In 2021, Arrington sold the Kiev-based apartment for 36 ETH. Lynkey is working on taking digitization of property and tourism on a scale not seen ever before. LynKey has started to digitise luxury tourism resorts, hotels and properties, first in Vietnam, and later, at multiple other destinations. LynKey, a blockchain Singapore based smart tourism and Property tech start-up are creating a blockchain-powered token marketplace and ecosystem that is tokenising over $8 billion dollars-worth of properties, in total, at the very launch! LynKey's objective is to tokenise all aspects of property development — purchases, leases, land use and related tourism entertainment — into an international blockchain-powered ecosystem. It envisions to connect the people around the world with the best of property tech and smart tourism premium experiences from resorts and cruises with NFTs and Metaverse AR and VR solutions. What is the company all about? A pioneer in smart tourism and real estate, LynKey was created by a team of international industry personalities. LynKey's solutions make travel rewarding in every way - the platform optimises timesharing, prepaid leasing or licensing of property-based experiences geared towards tourism, while offering an exclusive reward system for its users. With a global blockchain token marketplace ecosystem and community, LynKey efficiently overcomes the need for non-necessary intermediaries, empowering its users to explore the ecosystem that offers real-time solutions and soon, also metaverse experiences. Using NFTs and Metaverse solutions with AI data-driven protocol sets, we are creating clear digital transformation solutions for the travel and entertainment space with smart tourism and property tech that can help these industries in new solutions to empower these global industries. LynKey connects the global audience with a Blockchain-powered platform and a token that empowers an ecosystem for time-sharing using NFTs as a digital certification, and reward solutions at premium luxury tourist spots." Dinis Guarda, founder and non-executive Chairman of LynKey. Despite globalisation, Covid challenges in the tourism and travel industry persist. Blockchain and NFT technology can address and resolve these issues. Most global travellers or property buyers have to deal with local currencies, lack of transparency in buying or leasing property and timeshares, and losing money to high exchange fees or worse. A consolidated marketplace and token solution will solve many of these issues." Miss Cindy Tran, Co-Founder and Chairwoman of LynKey. While property businesses, companies, and cities need potential clients to thrive themselves, there is also a dire need for this industry to catch up with current technological advances. With global tourism forecast to reach a $1.3 trillion mark by the end of 2021, LynKey mitigates a majority of problems plaguing the travel industry. LynKey's token, NFTs and first properties and resort projects will be announced in Q1 of 2022. For more information on how to be involved or become an early participant and adopter, please visit www.lynkey.com. About LynKey Property Tech and smart tourism developer based in Singapore, with offices in Vietnam and London, LynKey has created a new blockchain NFTs, Metaverse, AI driven token ecosystem designed for travellers to book their tourism and property experiences with hotels, restaurants, timeshare, and other smart destination-based excursions.

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REAL ESTATE TECHNOLOGY

MIAX to Launch Suite of BRIXX™ Commercial Real Estate Futures on MGEX

MIAX | September 16, 2021

MIAX, creator and operator of high-performance securities exchanges, products and services, will launch cash-settled futures contracts on BRIXX™ Commercial Real Estate (CRE) Indexes developed by Advanced Fundamentals. The first contract to be listed will be the BRIXX Retail Index futures contract which is expected to begin trading on October 4, 2021. Three additional BRIXX CRE Index futures are expected to be listed in the fourth quarter of 2021. Cash-settled options on the BRIXX CRE Indexes will launch on MIAX, also targeted for fourth quarter of 2021. The launch of the futures and options contracts remain subject to regulatory approval. BRIXX futures and options will provide investors with targeted exposure to the $16 trillion commercial real estate market, including the Residential, Retail, Office and Hospitality commercial real estate sectors. BRIXX CRE Indexes measure real-time real estate returns and are priced using real-time public market data aggregating over $750 billion in property values. The design also allows the BRIXX CRE Indexes to be priced in terms that real estate professionals know and understand such as price per room key (Hospitality), or price per square foot (Residential, Office, Retail). We are pleased to launch the new BRIXX CRE futures, which are based on Advanced Fundamentals' suite of index products that measure real estate prices without the pricing lag associated with traditional CRE indexes, These products provide professional real estate investors with an innovative tool that affords real time access and synthetic exposure to the physical real estate market -Thomas P. Gallagher, Chairman of MGEX and Chairman & CEO of MIAX. Cash-settled futures contracts will be listed on MGEX via the CME GLOBEX® platform and will be cleared by MGEX, a wholly owned subsidiary of MIAX's parent holding company, Miami International Holdings. We believe real estate funds and institutional professionals will be attracted to BRIXX futures and options and that the products have the potential to provide an entirely new asset class of commercial real estate derivatives to the industry. Advanced Fundamentals has devoted significant resources to the design of the BRIXX CRE indexes, incorporating considerable feedback from the industry throughout the design process and we look forward to launching this innovative suite of derivatives for the industry. - John Smollen, Executive Vice President and Head of Exchange Traded Products and Strategic Relations at MIAX About MIAX MIAX's parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC, MIAX PEARL, MIAX Emerald, LLC (MIAX Emerald®), the Minneapolis Grain Exchange, LLC (MGEX), and the Bermuda Stock Exchange. MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX's industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™. MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a Notice Registered Securities Futures Product Exchange with the SEC. MGEX serves as the exclusive market for a variety of products, including Hard Red Spring Wheat and SPIKES Futures. In addition, MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes. The BSX is a leading electronic international securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. A full member of the World Federation of Exchanges and affiliate member of the International Organization of Securities Commissions, the BSX is globally recognized, including by the SEC.

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For many animal lovers, choosing a pet is an exciting experience. ForRent.com and Homes.com have put together some key tips to keep in mind when bringing in a new pet.