Hopes for a continued strong selling season have been boosted by data showing that real estate values across Canada have increased 3.5% year-on-year, taking the average home value to $685,809. The provinces enjoying the most significant gains were New Brunswick, Alberta, and Newfoundland and Labrador, according to the Canadian Real Estate Association (CREA) figures for…
Read more
The compulsory purchase of insurance by a mortgage borrower to protect their lender from a loan default is under investigation, according to a report from the leading financial news agency, Bloomberg. The Consumer Financial Protection Bureau (CFPB) is questioning the validity of forcing borrowers as a condition of a loan to pay for insurance that…
Read more
Two big Hollywood names, along with the most famous of all the tech sector mega-rich, are headlining the real estate market at the moment. The Beverly Hills home of iconic sex symbol Raquel Welch, who died in February last year aged 83, has just been put on the market for $3.95 million. It’s a beautiful…
Read more
The profile of property buyers is changing across America as Millennials and Gen Z start to replace Baby Boomers in the market. Buyers aged 18 to 43 now make up 38% of all Americans who bought a property in 2023, according to the new Home Buyers and Sellers Generational Trends report from the National Association…
Read more
The biggest question in real estate in America today has nothing to do with property and everything to do with money. More accurately, the cost of money. The health of the property market is always precariously balanced by the direction of the money markets, the Federal Reserve’s prevailing view on inflation, and how it uses…
Read more
As we approach the middle of the year, questions about performance of the real estate market nationally remain top of mind for most buyers and sellers. As an experienced real estate agent in your neighborhood, I have experienced this market uncertainty before, and I assure you it will pass. Many property market experts continue to…
Read more
Even as the Reserve Bank of New Zealand retains interest rates at a stubbornly high 5.25%, the momentum of the real estate market is swinging towards the buyers. More than 40,000 homes are now for sale across New Zealand, an annual increase of 13.5%, according to the latest OneRoof-Valocity House Value Index. New listings for…
Read more
There are a thousand questions to be asked when buying property, but one query dominates them all right now: when will interest rates come down? The current Official Cash Rate (OCR) is 5.5%, and the Reserve Bank of New Zealand (RBNZ) is giving little hint of when it will start making cuts that will boost…
Read more
Property prices are powering ahead as buyers in the autumn selling season continue to display optimism ahead of predicted interest rate cuts in the second half of the year. In the first 12 weeks of 2024, prices have increased by 1.6%, according to the Home Value Index run by industry researcher CoreLogic. A rise of…
Read more
Community concern about the state of the housing market in Australia has been highlighted by a recent poll of Guardian Australia readers. They expressed concern over rising prices, higher rents, the lack of new homes being built, and the absence of radical thinking to solve these problems. As an experienced agency in your area, the…
Read more
