U.S. mortgage rates rise but fall below 3%

Mortgage rates rebounded, with rates rising for the 2sd time in 7 weeks. In the week ending 12e In August, fixed 30-year rates jumped 10 basis points to 2.87%. Mortgage rates had fallen by 3 basis points the previous week. 30-year mortgage rates have only risen past the 3% mark …

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90% of off-plan units sold at Bracknell Development…

SevenCapital’s flagship development in Bracknell, The Grand Exchange, is nearly sold out of all off-plan units. Only 10% of the remaining units remain before two years of completion. The purchase of so many properties before the site is completed suggests there is considerable demand for apartment living. Main …

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90% of off-plan units sold to Bracknell development …

SevenCapital’s flagship development in Bracknell, The Grand Exchange, is almost sold out on all off-plan units. Only 10% of units remain before two years of completion. Purchasing so many properties prior to site completion suggests that there is considerable demand for apartment living. Characteristics of the Grande Bourse When the …

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Berkshire Residential Investments announced the closing of Berkshire Multifamily Debt Fund III in the third quarter of 2021

BOSTON–(COMMERCIAL THREAD) – Berkshire Residential Investments has announced the final closing of Berkshire Multifamily Debt Fund III with equity commitments totaling $ 1.85 billion. The Fund will be comprised primarily of investments in Freddie Mac Multi-Family Rendered Type B Debt Securities which are secured by high quality multi-family mortgages across …

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Companies affected by the Warren Buffett pandemic made a strong comeback in the last quarter. Here are its 7 big winners.

Warren Buffett’s Berkshire Hathaway was hit hard by the pandemic last year, but its business rebounded strongly in the last quarter as the U.S. economy reopened, according to its latest results. The investor conglomerate owns a vast array of railroads, real estate brokerage firms, manufacturers, retailers, distributors, and service companies. …

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It’s a terrible time for savers

If you are saving money for the future, somehow, you had better be prepared to lose some of it. It is the involvement of today’s upside down world in financial markets. The combination of high inflation, strong economic growth, and very low interest rates means that “real” interest rates – …

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So many Tchotchkes, so little time

Tchotchkes can be a kind of conception bridge drug. “There is no limit to the number of Tchotchke things you can own,” said Annie Auchincloss, home buyer for the MoMA Design Store. “It’s just really endless, which can become an object. A beautiful kettle with a postmodern design can be …

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Man who ran over Pittsfield woman is doomed

Once again, Justice Justice drops the hammer. A media statement from the Berkshire District Attorney’s Office reports that a guilty conviction has been obtained for the man who drove on a woman in 2018. Alfredo Osorio, 27, of Pittsfield, pleaded guilty to assault and battery with a dangerous weapon causing …

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Rising rents threaten to support inflation

Kaitlin Cindrich faces a monthly rent increase of $ 200 in August if she and her husband can renew the lease on their apartment in Provo, Utah. This 25% jump is not something she expected, and the 21-year-old fears she may have to skip doctor’s appointments for her autoimmune disease …

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Condo fatigue on the Upper West Side

Chris Giordano, president of the West 64th-67th Street Block Association, called him bait and switch. “Even if you eliminate the problem of shadows in your neighborhood and a skyline marked by a building that is too tall,” he said, “we still find that immoral. We want there to be reasonable …

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A garden at Ground Zero

My partner, Esther, likes to say that she bought our apartment in the financial district right after 9/11 with the idea that someone would come and operate the patio. When I moved in a few years later, I was ecstatic. “I’m going to make a garden,” I thought at the …

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Fortress Announces Agreement to Sell Specialty Mortgage Lender and Manager, Foundation Home Loans

LONDON–(COMMERCIAL THREAD) – Fortress Investment Group LLC (“Fortress”) today announced an agreement to sell Foundation Home Loans, the UK’s specialist mortgage lender and service provider, to Athene Holding Ltd., a financial services company of leading plan specializing in retirement savings solutions. Foundation Home Loans (the trademark of Paratus AMC Limited) …

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Basketball is nothing without a net

One of the most rewarding sounds in sports is the whistle of a basketball snapping the net to a perfect rustle. Remove the net, and all that’s left is the unsatisfying silence of a bullet pushing air molecules as it sails across the ledge. Did it even happen? Sometimes it’s …

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What’s wrong with your tomatoes?

The next time… And that’s how our plant care checklist for growing a better tomato grows – starting with rotating the tomato bed, mulching, and constant watering. Also, don’t forget to regularly inspect the plants and remove infected parts. Then, at the end of the season, clean thoroughly. If you …

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Garden Notes: July 14, 2021

Musical Mondays at the Berkshire Botanic Gardens STOCKBRIDGE = Berkshire Botanical Garden presents “Music Mondays” with The Greystone Quartet, formerly the Berkshire Jazz Collective, Monday July 19, 5:30 pm-7:30pm Bring a picnic, blanket or lawn chairs, take a stroll around the grounds, as the music drips from Lucy’s Topiary Garden, …

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The family that buys together stays together

“You hear stories of kids fleeing the pandemic to be with their parents, and the opposite has happened to me,” said Jose Madrigal Jr. “And, honestly, it feels good.” Note: His parents are less likely than former tenants to complain about his stereo sound system. “I don’t think he ever …

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Why the New York subway has a water problem

Sarah Feinberg, acting head of the metro, said metro service had continued uninterrupted across most of the system despite challenges posed by flash floods. Even at stations where one entrance was submerged in water, other entrances were available and trains continued to run. “During the storm, we continued to provide …

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Are we in a real estate bubble in Maine?

July 4 – That’s the big question – will all this activity and rising house prices lead to a bubble burst? – but state economist Amanda Rector isn’t looking for one yet. “The current conditions are different from any real estate crisis before the Great Recession,” said Rector. “Mortgages use …

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small cap choice extends lead halfway

All investments are in positive territory and all tipsters are sticking to their current picks as they seek to catch up with the leader. I asked 10 stock market professionals, investment writers, and bloggers for their best investing ideas for 2021 (and beyond) – here’s the biannual update. All predictions …

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What won’t the Nelk Boys do?

SANTA ANA, Calif .– Lots of big YouTubers make money running ads on their videos. Not the Nelk Boys. Creators often and proudly state that they don’t make any income from the platform, despite their regular video downloads, high number of views, and millions of loyal subscribers. That their channel …

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Warren Buffett and Charlie Munger hit on Robinhood, discussed the Archegos fiasco and reflected on their friendship in a new interview. Here are the highlights

Warren Buffett. CNBC Warren Buffett and Charlie Munger appeared in a CNBC interview that aired Tuesday night. Billionaire investors criticized Robinhood and Archegos and reflected on their friendship. Buffett and Munger also discussed remote working and the lessons they learned from the pandemic. See more articles on Insider’s company page. …

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Sale of $ 25 million home sets Las Vegas record

A show home built by a luxury builder in Henderson’s hillside development, MacDonald Highlands, broke the all-time Las Vegas sales record for $ 25 million. Luxury Realtors monitoring the market said the buyer was Anthony Hsieh, founder and chairman of LoanDepot, a California-based non-bank consumer mortgage lender nationwide. Clark County …

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