The housing market has been witnessing an interesting shift in recent times. While the supply of homes for sale is still lower than historical standards, it is on the rise. According to a report from Realtor.com, active listings in August saw a significant increase of 36% compared to the same month last year. This marks
Real Estate
In London, a significant number of landlords are choosing to sell their buy-to-let properties due to anticipated tax hikes from the U.K. Labour government. Recent data shows that almost one-third of homes for sale in the capital were previously rented out, indicating a growing trend of landlords exiting the market. This spike is reflective of
The mortgage market is currently experiencing a significant shift towards refinancing, with demand heavily skewed in that direction. According to the Mortgage Bankers Association, total mortgage application volume increased by just 1.6% last week, largely driven by refinancing applications. This shift is a result of interest rates declining for the fifth consecutive week. The average
China’s housing market continues to face challenges despite various government support measures. According to JPMorgan economist Haibin Zhu, the sector is still experiencing a downturn and home prices are not expected to stabilize until at least 2025. The latest data shows that the average price for new home sales in 100 Chinese cities has only
The news of Rupert Murdoch-owned REA Group considering a takeover offer for the U.K. property portal Rightmove has sparked significant interest in the global real estate market. This potential merger could create a massive digital real estate business, consolidating two major players in the industry. The Australian property listings company, controlled by News Corp, has
In recent years, ownership has taken a backseat as more Americans are opting to rent various items, ranging from cars and apartments to clothing and furniture. The rental industry has expanded and now includes a wide array of products, such as power tools, musical instruments, designer handbags, baby gear, and even funeral caskets. According to
In recent months, the real estate market has seen a surge in home prices, reaching the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. Despite the rising mortgage interest rates, prices nationally were reported to be 5.4% higher than they were in June 2023. However, this annual gain was slightly
When comparing the median price per square foot in Manhattan, NY, which stands at $1,500, to the vast properties available in the Mediterranean, it becomes apparent that you can truly get more bang for your buck in places like Sicily, Italy. With stunning beaches, historic sites, and an abundance of charm, Sicily offers a property
In the current real estate market, purchasing a home has become increasingly unaffordable for many individuals due to a combination of factors. One of the main reasons contributing to the lack of affordability is the continuous rise in housing prices. According to the National Association of Realtors, the median sales price for homes increased by
Recent data shows that mortgage rates have been on the decline for the fourth consecutive week. Despite this decrease, the response from both current homeowners and potential homebuyers has been lackluster. The average contract interest rate for 30-year fixed-rate mortgages fell to 6.44%, with points also decreasing. However, the increase in total mortgage application volume