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Housing demand in 2022 slowed so dramatically because charges rose dramatically. This signifies that even when mortgage rates stay within the 7% vary, where they are now, then homebuyer demand will truly increase a bit. This means there shall be a continued lock-in effect, which means there’s a niche between current rates and the charges householders have already got on their outstanding mortgages.
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JLL’s Capital Markets group arranged a $290M construction mortgage for Parkside Uptown, a Class AA office tower being in-built Dallas. Mike McDonald, Senior Managing Director…