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Economists: A US housing recession has already arrived
This has been a year of watershed times in true estate, and not the great form. The Housing Market place Index, a closely viewed business metric that gauges the outlook for property revenue, declined to 33 in November on a hundred-position scale, its cheapest amount in a 10 years, preserve for the initially dystopian month of the pandemic. Anything below 50 spells issues. A thirty day period earlier, interest rates on a regular 30-yr home finance loan passed 7 p.c, capping the major single-12 months maximize in at the very least 50 decades. “Just to give you a feeling of how far we’ve arrive, we began the year all around 3 percent,” reported Michael Fratantoni, chief…
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Rental property investment startup Arrived secures $100M in credit financing to fuel U.S. expansion
(Arrived Image) Arrived Homes, the Seattle startup that helps people invest in single-family rental properties, is taking on $100 million in new credit financing to fuel its expansion and the ability to purchase more homes across the U.S. The real estate investment platform announced Thursday that it’s partnering with Certain Lending, a San Francisco-based fintech startup. Arrived uses crowdfunding to help anyone purchase shares of rental properties for as little as $100 and earn a passive income while the company handles everything from property acquisition to necessary improvements and management of daily operations. The idea is to open up access to real estate investing beyond wealthy individuals and institutional investors, and…
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