The real estate market is experiencing a shift as the supply of homes for sale is increasing rapidly. According to a report from Realtor.com, active listings in August were up by 36% compared to the same time last year. This marks the 10th consecutive month of annual growth. Despite this positive trend, supply remains 26%
Real Estate
The landscape for buy-to-let landlords in London is shifting dramatically as tax hikes loom on the horizon. Data from property portal Rightmove revealed that 29% of homes currently for sale in the capital were previously rented out. This spike is part of a larger trend, with 18% of all nationwide listings being former rental properties,
The mortgage industry is currently experiencing a shift in demand, with a heavy emphasis on refinancing. This is mainly due to the continuous decline in interest rates for the fifth consecutive week. According to the Mortgage Bankers Association, total mortgage application volume saw a modest increase of just 1.6% last week compared to the previous
Despite various government stimulus efforts, China’s housing market is still struggling to find stability. JPMorgan economist, Haibin Zhu, believes that the market crash is far from over and predicts that home prices will not see any significant stabilization until 2025 at the earliest. Current Market Trends Recent data released by China Index Academy indicates that
REA Group, owned by Rupert Murdoch’s News Corp, has recently announced that it is considering a takeover offer for the U.K. property portal Rightmove. This move is aimed at creating a global digital real estate business. The Australian property listings company made a statement to the Australian stock market about the possible cash and share
The S&P CoreLogic Case-Shiller U.S. National Home Price Index recently reported that home prices reached the highest level ever, despite the fact that mortgage interest rates were on the rise. The three-month running average ending in June showed prices nationally were 5.4% higher than in June 2023. This increase marked a record high for the
In recent years, there has been a shift in the way Americans view ownership. With rising prices and affordability concerns, more people are opting to rent rather than buy. From cars and apartments to clothing and furniture, the rental industry has experienced significant expansion in the past few years. According to a report by Intuit
Moving from Manhattan to Sicily, Italy can offer you a property over 7,000 square feet, which is significantly larger than a 500-square-foot apartment in New York City. Sicily is famous for its rich history, beautiful beaches, and charming hilltop towns. The Italian island has become a popular tourist destination, attracting over 6 million visitors annually.
In today’s real estate market, the American Dream of owning a home is becoming increasingly out of reach for many individuals. With higher mortgage rates and a shortage of available homes, prices have skyrocketed, posing a financial challenge for prospective buyers. The median sales price for homes has surged to $422,600, a 4.2% increase from
The recent decrease in mortgage rates for the fourth week in a row did not seem to have a significant impact on either current homeowners or potential homebuyers. Mortgage application volume increased by only 0.5% compared to the previous week, according to the Mortgage Bankers Association’s index. This minimal increase suggests that the lower rates