There are many decisions to make once you decide to move home: Do you buy or sell first? What type of mortgage do you need to climb the property ladder? And how will you co-ordinate accommodation so you’re not left stranded between properties? And here’s the most important question – how will you achieve a…
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Powered by a revolutionary government policy to support first homebuyers, Australia’s sale prices are now growing faster than at any time in the last two years. The moment the Government released its Home Guarantee Scheme (HGS) – a policy guaranteeing 15% of a 20% deposit so first-time buyers avoid Lenders Mortgage Insurance – the national…
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With the Australian property market currently operating at “full-steam”, more political discussion has focused on helping first-time buyers than we’ve heard for a very long time. The successful remake of the Federal Government’s Home Guarantee Scheme (HGS) has in a matter of a few weeks attracted a sharp increase in loan applications and first homebuyer…
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One of the hottest segments in the property market right now is the entry-level apartment. That’s thanks to the Federal Government’s re-cast Home Guarantee Scheme (HGS), which is proving to be a game-changer for first-time buyers. Agents are reporting a greater level of inquiry and attendance at auctions for apartments as young first homebuyers jump…
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With the number of homes for sale 20% below the five-year average, buyers face a tough negotiating environment.. The latest data suggests home prices are now rising by more than 1% every month – in October the mid-tier actually rose 1.4% – so buyers who’ve set their heart on their next property need to be…
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More than 1.1 million homes are now for sale across the United States, giving buyers lots of choice and a strong negotiation position. Inventory of homes for sale has now risen for the 23rd consecutive month, according to the latest data from aggregator Realtor.com. There are now 17% more homes for sale than this time…
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Home sales are on the rise as retail mortgage costs begin to fall following two reductions in the target cash rate by the Federal Reserve. The latest cut takes the target rate to 3.75%-4%, and this could influence the real estate market significantly in the coming weeks. Americans responded to the first reduction with a…
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Buying a home is more affordable now than it has been for more than two years, according to the latest data in the ICE Mortgage Monitor Report. Principal and interest payments on a median-priced home fell to $2,148 a month, or 30% of median income. That’s the highest level of affordability recorded since early 2023.…
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With mortgage rates falling, many renters are now realizing the possibility that owning their own home is within reach. A total of 30% of all property buyers in September were first-time owners, according to the latest monthly data from the National Association of Realtors (NAR). And while prices have continued a slow climb, Freddie Mac…
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In a move designed to tackle housing affordability, Prime Minister Mark Carney has launched a new, multi-billion-dollar agency, Build Canada Homes, to increase the supply of affordable family properties. Build Canada Homes will directly intervene in the housing market by partnering with the private sector. The new strategy aims to increase the supply of affordable…
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