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shortsellers globally take opportunity to short whenever they can such as adani' s case
https://www.theedgesingapore.com/capital/brokers-calls/singapore-banks-have-ample-capital-higher-dividends-fy2022-dbs
https://www.theedgesingapore.com/capital/brokers-calls/singapore-banks-have-ample-capital-higher-dividends-fy2022-dbs
chartistkao1 ( Date: 07-Feb-2023 13:33) Posted:
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https://www.bousteadprojects.com/wp-content/uploads/2018/12/Boustead_Projects_Introductory_Document.pdf
https://www.theedgesingapore.com/news/offer/boustead-singapore-makes-90-cent-share-privatisation-offer-boustead-projects?utm_source=pushengage& utm_medium=pushnotification& utm_campaign=FREE
they have the muscle to buy you over
they have the muscle to buy you over
chartistkao1 ( Date: 07-Feb-2023 13:30) Posted:
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Falling mortgage rates are beginning to stir demand in the housing market.
The average 30-year home loan rate has come down by just about a full percentage point from a 20-year high above 7% in November, largely in response to signs that the Federal Reserve is nearly finished lifting rates. That has brought some new buyers into the market.
The average 30-year home loan rate has come down by just about a full percentage point from a 20-year high above 7% in November, largely in response to signs that the Federal Reserve is nearly finished lifting rates. That has brought some new buyers into the market.
Mortgage applications are up by about a quarter since the end of last year. A measure of signed real-estate contracts rose in December after six months of declines. And the number of people contacting real-estate agents to start the buying process has rebounded from a November low, according to brokerage Redfin Corp.&rsquo s internal data.
Rates are still well above the 3% range from a year ago, but &ldquo the fact that they are a percent lower&mdash no one is complaining about that,&rdquo said Michael Menatian, president of Sanborn Mortgage Corp. in West Hartford, Conn. &ldquo If anything, they are pleasantly happy.&rdquo
The housing market is a barometer of how the economy is responding to a loosening of financial conditions in recent weeks. Stocks and bonds have both rebounded strongly to start the year on the premise that inflation is coming down without putting the U.S. into a deep recession.
Yet the Fed has indicated that it is committed to keeping rates high until inflation is lower, and it is willing to risk a recession to do so. High rates alongside a recession could be a one-two punch for any rebound.
No matter what happens, it is likely to be a slow year for the housing market. Housing activity remains down sharply from a year ago, when the Fed began to lift its benchmark rates to curb inflation. That pushed up mortgage rates at record speed, forcing buyers and sellers out of the market. Home sales fell for most of the past year, quickly snuffing out a boom from the height of the pandemic.
The slowdown has pulled national prices down from their peaks last year, though the S& P CoreLogic Case-Shiller National Home Price Index is up 40% from three years ago. The decline, which stretched into its fifth month in November, is expected to continue, hitting once-hot markets such as Boise, Idaho, especially hard.
But Goldman Sachs Group Inc. economists said this past month they expect the worst of the downturn has passed and housing is poised to exert less of a drag on economic growth going forward.
Executives at D.R. Horton Inc., the largest U.S. home builder by volume, told analysts in January that they have seen heightened sales activity in the first few weeks of the year. Net sales, they said, are expected to increase significantly from the first quarter to the second, when the traditional spring selling season happens. Spring tends to bring out more buyers and sellers, particularly families looking to move before a new school year.
Real-estate agents say buyers have adjusted to the reality that higher mortgage rates will eat up more of their monthly housing costs.
&ldquo They are less focused on the specific rate than they are on identifying a window of where they are comfortable with their monthly spend,&rdquo said Steven Centrella, a Redfin real-estate agent in the Washington, D.C., area.
Heather Cruz, an assistant superintendent in a school district, started looking to buy a house with her boyfriend in Phoenix in the past few weeks. After touring about a half dozen homes, they made an offer that was accepted last week.
They decided to purchase knowing that rates might fall and they could refinance their current mortgage later on. &ldquo I&rsquo m thinking this isn&rsquo t a forever thing,&rdquo Ms. Cruz said.
Home builders have been offering incentives to sell their finished homes. Some buyers are signing up for mortgages with rates that are temporarily lowered for the first few years.
Jack and Cassie Halpin closed on their home in Glastonbury, Conn., last week and started tearing up carpet and getting ready to paint. They used two mortgages, one of them an adjustable-rate loan at 5.375% for the first 10 years and at a floating rate thereafter.
&ldquo We expected to be somewhere in the 7% range,&rdquo Mr. Halpin said.
https://edition.cnn.com/2023/02/06/economy/janet-yellen-recession-job-gains/index.html
Rates are still well above the 3% range from a year ago, but &ldquo the fact that they are a percent lower&mdash no one is complaining about that,&rdquo said Michael Menatian, president of Sanborn Mortgage Corp. in West Hartford, Conn. &ldquo If anything, they are pleasantly happy.&rdquo
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No matter what happens, it is likely to be a slow year for the housing market. Housing activity remains down sharply from a year ago, when the Fed began to lift its benchmark rates to curb inflation. That pushed up mortgage rates at record speed, forcing buyers and sellers out of the market. Home sales fell for most of the past year, quickly snuffing out a boom from the height of the pandemic.
The slowdown has pulled national prices down from their peaks last year, though the S& P CoreLogic Case-Shiller National Home Price Index is up 40% from three years ago. The decline, which stretched into its fifth month in November, is expected to continue, hitting once-hot markets such as Boise, Idaho, especially hard.
Executives at D.R. Horton Inc., the largest U.S. home builder by volume, told analysts in January that they have seen heightened sales activity in the first few weeks of the year. Net sales, they said, are expected to increase significantly from the first quarter to the second, when the traditional spring selling season happens. Spring tends to bring out more buyers and sellers, particularly families looking to move before a new school year.
Real-estate agents say buyers have adjusted to the reality that higher mortgage rates will eat up more of their monthly housing costs.
&ldquo They are less focused on the specific rate than they are on identifying a window of where they are comfortable with their monthly spend,&rdquo said Steven Centrella, a Redfin real-estate agent in the Washington, D.C., area.
Heather Cruz, an assistant superintendent in a school district, started looking to buy a house with her boyfriend in Phoenix in the past few weeks. After touring about a half dozen homes, they made an offer that was accepted last week.
They decided to purchase knowing that rates might fall and they could refinance their current mortgage later on. &ldquo I&rsquo m thinking this isn&rsquo t a forever thing,&rdquo Ms. Cruz said.
Jack and Cassie Halpin closed on their home in Glastonbury, Conn., last week and started tearing up carpet and getting ready to paint. They used two mortgages, one of them an adjustable-rate loan at 5.375% for the first 10 years and at a floating rate thereafter.
&ldquo We expected to be somewhere in the 7% range,&rdquo Mr. Halpin said.
https://edition.cnn.com/2023/02/06/economy/janet-yellen-recession-job-gains/index.html
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chartistkao1 ( Date: 07-Feb-2023 13:25) Posted:
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