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Unique properties are often harder to sell because they generate lower demand and appeal to a smaller percentage of potential buyers.
S&P Global downgraded five regional banks to a “negative” outlook from “stable” because of their exposure to CRE loans. The banks include First Commonwealth Financial, M&T Bank, Synovus Financial, Trustmark and Valley National Bancorp.
Before you make offers to buy property, look at as many similar properties in that area as possible so you’ll have a solid frame of reference to make a reasonable bid.
Many homeowners faced with higher mortgage rate, have opted to stay in their current homes rather than selling and taking on a higher monthly payment.
In a real estate transaction, don’t accept any piece of important data that is provided to you until you’ve gotten third party confirmation of it (i.e. lease-verified rental income numbers).
Foot traffic at office buildings nationwide was 18.6% higher in February than during the same month last year.
