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- The common 30-year fixed mortgage fee hit a 23-year high of 7.31%, based on the most recent Freddie Mac knowledge.
- The Railway Land Development Authority that has signed a lease deed with the Dharavi Redevelopment Project/Slum Redevelopment Authority (DRP/SRA) has refused to allow the land to be sub-leased.
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- Maintaining its exponential growth trajectory, the sector witnessed transactions value a record Dh528 billion in 2022, a 76.5 per cent improve from 2021.
- According to Bill Adams, chief economist for Comerica Bank, house costs are forecast to rise modestly in 2024 as excessive mortgage rates restrain buying power and sales.
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