Digital Real Estate: What Is It And Who Is Interested?

By TYRONE TOWNSEND Millions of dollars are being spent on digital real estate as investors take their money to the land of the Metaverse.  Since Facebook renamed its company to Meta Platforms in October, plot prices have skyrocketed by 500 percent. Meta and other businesses have a long-term ambition of creating 360-degree immersive worlds that people will access through virtual reality goggles. Users may now access these worlds using a standard computer screen. Real individuals engage in these virtual worlds as cartoon-like characters known as avatars, akin to a real-time multiplayer video game.  Journalists from the Wall Street Journal recently spoke with companies investing in digital real estate to understand the economic model, and why investors are spending so much…

Morning Roundup (12/13/2021)– Mortgage Credit Down, OCC Reports Improvement

Good Morning! Today is Monday, December 13. At least 90 people are dead after tornadoes leveled 250 miles across six states. Stock buybacks hit a record $234.5 billion in Q3 as companies responded to pandemic hardship. Chris Wallace is leaving Fox News to join CNN. And in mortgage and housing news… Reality Check: There will be more houses on the market in 2022 because of the number of people who have died due to COVID-19 and its variants, a sobering reality was highlighted during the National Association of Real Estate Editors conference in Miami, Fla., last week. Mortgage Credit Down:  Mortgage credit availability shrank in November, falling by 0.6% to 124.9, according to MBA’s Mortgage Credit Availability Index. OCC Reports…