There are many signs of the Canadian market improving, but the biggest signal everyone wants to see is an upward shift in value trends – and that seems to be a few months away. A rising level of inventory of homes for sale is keeping a lid on prices. This is despite the Bank of…
Read more
The strength of the Canadian real estate market is not just determined by the supply and demand dynamics that exist between buyers and sellers. There’s also a wider set of economic issues that influence property values, such economic growth, job security and the cost of borrowing. New data indicates the path to recovery for the…
Read more
The anticipated real estate recovery is beginning to take shape in good news for both sellers and buyers, and the Bank of Canada (BoC)) has recently injected additional optimism with its first interest rate cut in six months. We’re seeing a largely two-speed recovery in which markets with affordability challenges and strong inventory of homes…
Read more
Sales have surged for new single-family homes, rising more than 20% in August compared with 12 months ago, according to the latest data from the US Census Bureau. The spike in new home transactions, which represent 14% of America’s real estate market, has been ignited by builders offering discount deals to lure buyers who’ve been…
Read more
Latest data on prices and mortgage costs suggests buyers need to move quickly before the Holidays if they want to find a great deal. Values look set to rebound as the Federal Reserve moves toward a lower interest rate environment. The US is on track to sell 4 million properties this year with the sale…
Read more
After the long-awaited and highly anticipated 0.25% reduction in the federal funds rate reduction by the Federal Reserve, many realtors are being asked if now is a good time to enter the market. Optimism is beginning to gain momentum because mortgage lending rates have been tapering down ever so slightly for the last few months.…
Read more
Constant discussion about how property has become unaffordable for Millennials and Gen Z has prompted regular market research to uncover the attitudes and aspirations of younger buyers. These reports offer fascinating insights, especially if you’re about to downsize and sell your family home because these two generations are your most likely buyers. First-time buyers currently…
Read more
Housing prices are predicted to rise by more than 5% next year in a landmark real estate report issued by Westpac NZ. Its chief economist Kelly Eckhold says in his latest report that prices should remain stable for the rest of this year and are unlikely to rise sharply in the spring selling season. “Investor…
Read more
Increasing affordability is the main positive to be taken from the latest data on New Zealand’s real estate market. For the three months to the end of August, New Zealand’s average price was $957,000 – the same level of two years ago. Amid economic concerns, buyers with the courage to strike out now have a…
Read more
The big change first-time buyers were promised at the last Federal election has arrived. From the start of this month, young buyers can access a home loan with a 5% deposit and avoid punitive mortgage insurance that can cost tens of thousands of dollars. Currently, Lenders Mortgage Insurance (LMI) is compulsory if a buyer has…
Read more
