New Zealand’s property market continues to show an uneven recovery with luxury areas breaking price records while other regionss struggle against a cocktail of economic malaise and mortgage costs. The bellwether of the Kiwi real estate scene is Auckland, and it’s experiencing fluctuating fortunes. Auckland owners will be happy the cost of an average dwelling…
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Across America, we’ve been experiencing a seller’s market as buyers compete over a limited number of homes for sale amid steep mortgage costs. We’ve also seen something unexpected – an increase in the number of “tiny home” designs coming onto the market to give first-time buyers a foothold in the real estate market. If you…
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Anxiety over mortgage costs has challenged America’s real estate market as buyers try to figure out how the Federal Reserve’s interest policy will hit their household bottom line in the short term. Media consistently reports how many upgraders on 2% mortgage deals now face renegotiated loans demanding 6%-7%, but it doesn’t always have to be…
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Many “wannabe” buyers and sellers are attempting to read the tea leaves of the property market at the moment, trying to determine when mortgage costs will fall and how that event will impact the cost of homes. Predictions earlier this year that we could expect up to four rate cuts before the Holidays – a…
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Finding the perfect home is about more than having enough bedrooms, square footage, or falling in love with the property’s curb appeal. You also want to be sure about your neighbors, and I am not talking about the ones on the other side of the fence or across the street. These neighbors are more like…
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A shortage of homes for sale across America can lead to some buyers making rash decisions to win a property against other interested parties. This is dangerous – by all means fall in love with the home of your dreams, but you must know exactly what you are buying. Whether you’ve targeted an apartment, condo…
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A chink of light has appeared at the end of the tunnel of American property sales. For the first time in five months home sales are up, rising 1.3% in July compared with June and signaling a potential turning point. Using annualized figures, America is on track to buy and sell 3.95 million homes over…
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WIth two interest rate cuts under our belt, and more promised by the Bank of Canada, how is this affecting the spending power of those wanting to buy their first home, or upgrade to a bigger property? So far, Canada has seen rates cut for two successive months, moving the cost of cash from 5%…
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For months now, owners have been keeping a keen eye on the falling rate of inflation in the hope it would signal cheaper mortgage costs and boost the property market. Now Canada’s inflation is 2.5%. It doesn’t mean anything is any cheaper, but it signals the fast pace of price rises, which most global economies…
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It’s the calm before the storm – two interest rate cuts are now complete but the housing market remains stubbornly poised for growth as buyers and owners wait to see the impact. Home sales fell 0.7% in July, compared with the June numbers, according to the Canadian Real Estate Association (CREA). June had recorded a…
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