Despite an increase in mortgage rates and a rise in the supply of homes for sale, home prices set yet another record in April. In this current housing market, prices continued to surge, with a 6.3% increase compared to the same month the previous year. This marks the second consecutive month that the national home
Real Estate
Over the years, the size of newly built homes has been steadily decreasing. From the data provided by the U.S. Census Bureau, it is evident that the median square footage of single-family homes under construction has reduced significantly compared to a decade ago. Builders are now focusing on constructing smaller homes, with the median size
The NBC News Home Buyer Index recently ranked Iroquois County, Illinois as the least difficult market to buy a home in the U.S. when considering factors like cost, competition, scarcity, and economic instability. Iroquois County stood out for being the most affordable housing market, making it an attractive option for potential buyers looking for cost-effective
The construction of built-for-rent single-family homes is on the rise in the United States, with the National Association of Home Builders attributing this trend to the housing affordability crisis. As mortgage rates increase and buying a home becomes more challenging, renting is becoming a more viable option for individuals. According to Robert Dietz, chief economist
Recent data from the Mortgage Bankers Association showed that while mortgage rates dropped to the lowest level since March, consumer response was lackluster. Despite the decrease in the average contract interest rate for 30-year fixed-rate mortgages, total mortgage application volume only rose by 0.9% compared to the previous week. Interestingly, while refinance demand dropped by
In 2024, Hong Kong once again secured its position as the world’s most expensive city for expats, according to Mercer. Following closely behind were Singapore and Zurich, making them Asia’s biggest financial hubs. Surprisingly, cities in Switzerland, such as Zurich, Geneva, Basel, and Bern, also claimed spots in the top rankings. Additionally, New York City
The iconic shophouses that line the streets of some of Singapore’s old neighborhoods have been garnering attention from investors, including the likes of Jack Ma’s wife, Hong Kong superstar Jackie Chan, and Spanish tycoon Ricardo Portabella Peralta. With prices ranging in the tens of millions, these colonial-era buildings, dating back to as early as the
As the effects of climate change continue to become more apparent, coastal real estate is facing unprecedented challenges. From California to New York, coastal properties are experiencing heightened risks of flooding and erosion. The recent hurricane season has already begun, with above-normal activity predicted, leading to concerns about the future of coastal real estate. The
Revolut, a British financial technology firm, recently announced its plans to move its official headquarters from London to Canary Wharf, the city’s major financial district. The company has signed a 10-year lease for the YY London building, where it will establish its global headquarters. This move signifies a significant increase in office footprint for Revolut,
In the past week, mortgage rates experienced significant fluctuations due to economic data releases and overall market conditions. The Mortgage Bankers Association reported a surge of nearly 16% in total mortgage applications, driven by a decrease in rates for 30-year fixed-rate mortgages. However, this trend was short-lived as rates bounced back up following a stronger-than-expected