DID YOU KNOW? Mortgage rates have fallen to around their lowest levels in 8 months. The average rate for a 30-year fixed mortgage fell to 4.51%, matching the lowest level since last spring, according to Freddie Mac. That rate is still higher than its level of 3.95% from a year ago but has fallen from a more-than-7-year high of nearly 5% in October.
DID YOU KNOW? At the end of 2018, the 19 Rudin Management (an early investor in Compass) properties using high-tech systems monitoring and controls together achieved a 44% reduction in emissions, more than half of the 80%-by-year-2050-goal established under the New York City Carbon Challenge. (FORBES)
DID YOU KNOW? Amazon has overtaken Microsoft and Apple to become the world's most valuable company.
DID YOU KNOW? Global high-net-worth individual ($1m+ investable assets) wealth rose 10.6% in 2017 to surpass $70 trillion, and may top $100 trillion by 2025 (Capgemini, World Wealth Report 2018). Cultural tides are turning, as seen most visibly in Paris. Where wealth used to be something the affluent wear proudly, today the wealthy are retreating into their cocoons, living behind walls and going increasingly inconspicuous. As the rich get richer, everybody else has fallen behind. Income inequality is resulting in resentment growing among hoi polloi and rising anxiety among the wealthy. The wealthy may become less conspicuous, retreat from danger in the public square and act to secure their holdings. Privacy is becoming an enormous focus and the wealthy have the means to achieve it, making it harder for luxury brands (and real estate agents) to connect with them. (LUXURY DAILY)