Real Estate

Despite an increase in mortgage rates and an uptick in the supply of homes for sale, home prices set another record in April. This is an unusual trend in the housing market, especially when one would typically expect prices to weaken under such circumstances. In April, prices rose by 6.3% compared to the same month
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The housing market is undergoing a shift, with newly built homes being smaller compared to a decade ago. In the first quarter of 2024, the median floor space of a single-family home under construction was 2,140 square feet, down from 2,256 square feet in the previous year. This decrease marks the smallest new homes since
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Recent data from the Mortgage Bankers Association revealed that there was only a slight uptick of 0.9% in total mortgage application volume. This increase came despite a decrease in the average contract interest rate for 30-year fixed-rate mortgages. The drop in rates was attributed to the latest inflation data and FOMC meeting, yet consumers did
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Singapore, known for its modern skyline and luxurious living spaces, holds a hidden gem in the form of colonial-era shophouses. These colorful and ornate buildings, situated in the older neighborhoods of the city-state, have caught the eye of investors, including some of the rich and famous. The exclusivity of these two- or three-story shophouses, often
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As sea levels continue to rise and storms become more frequent and intense, coastal real estate is facing unprecedented challenges. From California to New York to Massachusetts, some of the most expensive coastal properties in the nation are in danger due to climate change. The National Oceanic and Atmospheric Administration (NOAA) has already predicted an
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Last week, mortgage rates experienced a significant drop, leading to a surge in total mortgage applications. According to the Mortgage Bankers Association, the total volume of mortgage applications increased by nearly 16% compared to the previous week. However, this trend was short-lived as rates quickly rebounded following a stronger-than-expected monthly employment report. The average contract
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