By Dave Spooner Whenever you set up a new rental unit, you have a variety of decisions to make. From choosing a reasonable rent rate to screening new tenants to reside in the unit, you have your hands full. Deciding on your rental policies is one important step in setting up your rental. If you…
Industry Experts Predict Mortgage Rates Below 6 Percent by 2024
Despite the national slump in real estate sales, Lawrence Yun, the chief economist at the National Association of Realtors (NAR), is forecasting that mortgage rates will fall closer to 6.0 percent by the end of 2023 and go below 6.0 percent in 2024. He expects new and existing-home sales to bottom out in 2023 before…
Australia’s Housing Market Regains Momentum With Third Consecutive Growth in May
June 1, 2023
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AustraliaBusiness & MarketsCoreLogiceconomyGlobal Real Estatehome valuesreal estateReserve Bank of AustraliaWorld
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Australia’s residential property market has made a comeback as the national house prices rose for the third consecutive month in May. According to the real estate data provider CoreLogic, the national home value index climbed by 1.2 percent in May, following increases of 0.5 and 0.6 percent in March and April. Prior to this, Australian…
Australia’s Housing Market Regains Momentum With 3rd Consecutive Month of Growth
June 1, 2023
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AustraliaBusiness & MarketsCoreLogiceconomyGlobal Real Estatehome valuesreal estateReserve Bank of AustraliaWorld
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Australia’s residential property market has made a comeback as the national house prices rose for the third consecutive month in May. According to the real estate data provider CoreLogic, the national home value index climbed by 1.2 percent in May, following increases of 0.5 and 0.6 percent in March and April. Prior to this, Australian…
‘Big Short’ Investor Warns of Potential $200 Billion Housing Market Crash Due to Underestimated Flood Risks
Dave Burt, CEO of DeltaTerra Capital and renowned “Big Short” investor who foresaw the 2008 housing crisis, has voiced his concern over a potential repeat of the crisis. His worry is centered on what he sees as an underestimation of the systemic risk flooding poses to the mortgage market. Burt’s successful prediction of the subprime…
Home Prices Rose in March for Second Time After Months of Declines
Home prices across the United States rose for the second consecutive month in March amid widespread shortages and inventory issues, according to data published on May 29. Home prices increased by 0.4 percent nationwide month over month, data from the S&P CoreLogic Case-Shiller US National Home Price index showed. That marked the second month in a row of gains after…
US Mortgage Rates Hit 6-Month High as Home Sales Decline
May 26, 2023
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Mortgage rates in the United States have hit the highest level in six months while loan applications and home sales are declining. The average 30-year fixed-rate mortgage rate hit 7.12 percent on May 25, according to a May 25 post by Mortgage Daily News (MDN). The previous high of 7.10 percent was hit on March…
Majority of Top 10 Least Affordable Cities for Homebuyers Located in California
Eight out of the 10 least affordable cities for homebuyers in the United States are located in California, according to a recent report, with the state’s median sales price of a home over 30 percent higher compared to the early pandemic period. The eight Californian cities include Santa Barbara, Berkeley, Santa Monica, Glendale, Burbank, Los…
Landlords Face a Crisis After Years of Strong Growth
May 24, 2023
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After witnessing over a decade of strong growth, landlords are now facing the worse real estate crisis since 2008. Even in the first months of the pandemic, areas of the country like Florida were able to benefit, as millions of Americans fled major metropolitan regions to more welcoming locations. Despite a temporary drop in tenants in…
World’s Largest Real Estate Market on the Brink of Collapse: Experts
May 23, 2023
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China Business & EconomyChina NewsChina real estate marketfinancial crisisGlobal Real Estatereal estatereal estate bubble
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Recent statistics from China’s central bank show that home buyers’ enthusiasm has fallen drastically. Despite price cuts and incentives, the world’s largest housing market continues to slump, and China’s banking sector is taking a hit on two fronts, as both defaults and prepayments rise. Meanwhile, China’s developers are starting to show the strain, with real…
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