Rich Russians fleeing sanctions are pumping up Dubai’s property sector

Dubai is seeing its hottest real estate market in years, with sales in the sector up 45% year on year in April and 51% in May, according to the Dubai Land Department. DUBAI, United Arab Emirates – The team at Dubai property firm Mira Estate have reason to celebrate. The luxury real estate company just … Read more

Judge holds real estate giant Cushman & Wakefield in contempt in NY probe of Trump Organization

New York State Attorney General, Letitia James, speaks during a news conference, to announce criminal justice reform in New York City, May 21, 2021. Brendan McDermid | Reuters A New York judge held real estate services giant Cushman & Wakefield in contempt of court for refusing to comply with subpoenas issued as part of the … Read more

Rocket Companies amid a ‘tough mortgage backdrop,’ Wells Fargo says

Shares of Rocket Companies have plummeted more than 42% this year, but the stock is due for a comeback despite a “tough mortgage backdrop,” according to Wells Fargo. Analyst Donald Fandetti upgraded shares of the company to overweight from equal weight, saying in a note to clients Wednesday that the company will continue to take … Read more

recession risks, housing downturn after third rate hike

The negative impact of interest rate rises on Australian housing prices, household spending and the volume of dwelling investments may hurt consumer confidence and fuel the likelihood of a recession in Australia, analysts and economists say. The Reserve Bank of Australia raised interest rates for the third time in a row on Tuesday. Joining central … Read more

Manhattan apartment sales fall 30% in June, prices remain high

FUTURE LIGHT | Photodisc | Getty Images Sales contracts for Manhattan apartments plunged by nearly a third in June as the city’s scorching real-estate market started to cool amid recession fears and declining stocks. New York real estate was on a tear through the early spring, with high prices and strong sales. The median sales … Read more

The world’s most powerful tidal turbine just got a major funding boost

Orbital Marine Power’s O2 turbine at the Orkney Islands, north of the Scottish mainland, in September 2021. Scotland has become a hub for companies and projects focused on tidal power and marine energy in general. William Edwards | AFP | Getty Images Scottish engineering firm Orbital Marine Power said Monday it secured £ 8 million … Read more

Here’s the Average Down Payment on a House in 2022

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Buying a home is likely to be one of the largest purchases many Americans will make … Read more

A housing bubble requires 3 elements. The 2022 housing market has hit 2

A housing bubble requires 3 elements. The 2022 housing market has hit 2 | Fortune You need JavaScript enabled to view it.