Total home sales fell as prices rose in the Detroit metro area in February according to RE/MAX of Southeast Michigan. // Image bank According to the February 2022 Housing Report from RE/MAX of Southeast Michigan in Troy, home sales in Metro Detroit were down 8.7% year-over-year, while the median price rose 10.1%. Last February, the […]
If you’re strapped for cash and want to earn money using your car, a car title loan is one way to do it. A car title loan is when you put up your car title as collateral in exchange for a small loan of money. When the loan is paid off, you get the title […]
Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Last week, the average interest rate on 10-year fixed-rate private student loans rose. This is good news for borrowers interested in applying for private student loans. For borrowers with a credit score […]
By Cecilia Chan, Personal editor Chandler and the rest of the Phoenix metro area must extricate themselves from the current housing deficit or face economic disaster down the road, a leading Valley economist warns. The housing shortage just isn’t bad in Arizona, but it’s across the country, economist Elliott Pollack told Gilbert City Council as […]
No credit check loans are loans where the lender does not check the borrower’s credit before approving and lending loans. These types of loans can be tempting if your credit is poor and you don’t qualify for other products. However, no credit check loans can be risky and are generally not well regarded as they […]
“For example, we expect around 184,000 new homes per year (net of demolitions) to be added to supply over the next three years, while between 2025 and 2032 we also expect the formation nearly 180,000 new households every year.” Household formation – the number of single people or groups of people living in a dwelling […]
LANSING, MI — A polling committee is busy asking a question about the November ballot that would prevent payday lenders from charging “predatory” interest rates if approved by voters. The Michiganders for Fair Lending campaign officially launched its petition-raising effort Wednesday to cap high interest rates on payday loans, payday loan advocates say are creating […]
Kampala: The Ugandan government has been urged to fast-track a policy that will regulate the housing sector to incentivize the private sector to invest in quality, low-cost homes that the majority of Ugandans can afford. According to Uganda’s Financial Sector Development Strategy (FSDS), the country has a housing deficit of Shs 1.6 million, with an […]
While the pandemic has had a negative impact on most business sectors, contrary to common perception, the housing sector in bangalore did not suffer, reveals the Economic Survey 2021-22 The survey indicates that house prices rose during the first and second waves of covid-19, contrary to expectations that they would fall. It indicates that there […]
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Steve Pomeroy of Focus Consulting said Canadian census data showed around 8% of homes, or 1.3 million, are not in full-time use by “usual residents”.DARRYL DYCK/The Canadian Press New census data released last week shed light on whether high house prices are simply the result of a lack of housing supply. Many industry pundits and […]
Opinion of Janneke Ratcliffe for CNN Business Perspectives Millions of Americans are losing the chance to reap the benefits of home ownership due to a shortage of supply. This shortage is most acute among affordable housing, where low- and middle-income renters, young first-time home buyers and people of color are losing confidence that they will […]
BENGALURU: While the pandemic has had a negative impact on most business sectors, contrary to common perception, the housing sector in Bangalore has not suffered, the Economic Survey 2021-22 reveals. The survey indicates that house prices rose during the first and second waves of Covid-19, contrary to expectations that they would fall. It indicates that […]
IN 2021, HOME prices rose an average of 12.8% nationally over the year to November, according to the CSO. Within a year or two, prices should return to their Celtic tiger peak. Meanwhile, the average rental cost is already 32% higher than its pre-Great Recession peak of 2008 and continues to rise rapidly due to […]
Image Source: PIXABAY.COM Economic Survey: COVID restriction affected demand, supply of housing sector. highlights Demand and supply of residential housing sector was affected by Covid-induced restrictions It revealed that no of unsold residential units have witnessed significant drops during 2nd wave Decline in housing transactions have also been much less during 2nd wave of Covid […]
This year, the budget is expected to provide more incentives for people to buy their own homes. By Atul Monga With record high mortgage interest rates and a sudden surge of remote working, the real estate industry has seen strong growth lately. After a lackluster 2020, 2021 was a real bargain for the housing sector […]
Nearly half of millennials are optimistic about buying a home this year, according to a NerdWallet survey. They are better prepared financially than ever to buy, but the housing crisis persists. Although housing prices may moderate, mortgages may become more expensive and there is still not enough housing available. Loading Something is loading. Millennials are […]
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The next few months will likely be tough for Philadelphia-area homebuyers as they start the year with even fewer options than they had at the same time last year. Last month’s housing supply in the Philadelphia metro area was down 9% from December 2020 and about 35% from pre-pandemic levels in December 2019, according to […]
GREENVILLE, NC (Stacker.com) – The economics of real estate is both simple and complex. As with any other commodity, supply and demand drive costs in the housing market, and right now house costs are at an all-time high, an 18% increase since September 2020. But Factors creating record inventories and increased interest buying are varied […]
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Build, baby, build. If we were to quote our favorite takeaway from the Ontario government’s housing summit this week, it would be that the most promising solution to the housing crisis facing the province is to shovel the ground and to build new housing. Build it and they will come – and buy. To be […]
All is well in the homebuilding market. Where is it? The statistics certainly look encouraging. In December, work began on 1.7 million homes, rounding off the best year for housing starts since 2006, by the United States Census Bureau. And this year promises to be no less robust, with permits issued in December to build […]
DENVER, January 19, 2022 /PRNewswire/ — Near-record December home sales made 2021 the busiest year for home purchases in the report’s 14-year history, while setting records for the smallest inventory and the highest average house prices. On an annual basis, 2021 ended with almost 10% more home sales than the previous record year of 2020. […]
Content of the article A report released Thursday by real estate company Royal LePage confirms what every home buyer and seller in the Kingston area has realized in 2021: Local home prices have all but skyrocketed. Content of the article According to the Royal LePage Home Price Survey, the overall price of a home in […]
Breadcrumb Links Columnists The numbers are in and it’s official: Saskatchewan has set a record for home sales in 2021. Publication date : January 12, 2022 • January 12, 2022 • 4 minute read • Join the conversation Saskatchewan set a record for home sales in 2021. Sales of 17,387 soared 17% from the previous […]
Falling mortgage rates, awareness of the need for housing due to the pandemic and stable house prices should contribute to a sustained recovery in the residential real estate market next year. The housing market across the country has seen green shoots of recovery and is expected to gain momentum here. With strong end-user demand and […]
DENVER, December 17, 2021 /PRNewswire/ — The historically strong housing market continued to advance in November as buyers seemingly gobbled up available homes as soon as they hit the market. Buyers finally saw welcome relief on prices, with the November median sale price falling 2.9% to $330,000 – the largest monthly decline since the start […]
The housing stock has been a critical issue for the British Columbia real estate market and for the Canadian housing market in general. From a scarcity of real estate listings to months of record inventory, it has become increasingly difficult for homebuyers to achieve the Canadian dream of home ownership. Even if young families and […]
Breadcrumb Links Toronto and the GTA Columnists Once we have even a small degree of understanding of who is driving the bus here, only then does it really make sense to consider what kinds of measures, if any, are worth worth considering to calm things down. Publication date : December 11, 2021 • December 11, […]
Faycal Choudhry A new study has highlighted a ‘remarkable period of activity’ for Scotland’s primary housing sector. Savills’ analysis found deals over £400,000 in Scotland hit an all-time high between September 2020 and August 2021, with 8,755 sales in progress, more than 75% higher than the pre-pandemic three-year average . There was also a record […]
DENVER, November 18, 2021 /PRNewswire/ — Stuck between a high median sale price of $336,000 and record inventories, October home sales fell 6.4% from September, nearly double the typical seasonal decline. September saw near-record sales, which also contributed to the sharp drop in month-on-month sales. October inventory fell 12.7% from September to the fifth-lowest level […]
ADA, Okla.–(BUSINESS WIRE)–New data from LegalShield, the consumer brand of PPLSI and the leading provider of membership-based legal services and identity theft protection plans, shows that once again the global stress consumer prices remain subdued and relatively unchanged from September, despite consumer prices rising at a healthy pace. 6.2% annual rate according to the Bureau […]
The faster-than-expected recovery in the housing sector along with the government’s focus on infrastructure spending is expected to boost cement demand by 10-12% in FY22. The growth comes after cement demand declined by (-)1% in FY20 and (-)11% in FY21. Watch the Zee Business live stream below: “Pent-up demand and low interest rates have boosted […]
Homebuilders are scrambling to build new homes, but supply and labor shortages are slowing them down, creating a housing shortage in the United States (iStock) House prices have skyrocketed over the past year as imbalances between supply and demand have grown in the housing market. As current owners are reluctant to sell their homes in […]
Australian trade commentators, analysts and investors went a little wild at the weekend after APRA, the main financial regulator, dipped its toe in house price waters and revealed a slight tightening of service rules real estate loans. He was blamed for the drop in the ASX 200 on Wednesday, banking stocks, especially Commonwealth and no […]
By Anna Bahney, CNN Business The housing market is starting to look a little more normal. Home sales fell in August from both July and a year ago, breaking two straight months of increases, according to National Association of Realtors. Home purchases have increased over the past year, which Lawrence Yun, NAR’s chief economist, says […]
Housing supply in Canada was falling short of demand even before COVID hit, a situation the pandemic has highlighted. It’s not that homebuilders have been idle. Housing starts over the past 12 months have been the strongest since the mid-1970s, and the number of homes under construction is at an all-time high. The problem is […]
news, latest news, Illawarra and Shoalhaven are at a “point of crisis” as the area faces a rapidly dwindling supply of serviced land for development. That’s according to a new report, which also says the critical shortage of new homes is spreading across the region and having a major impact on “deteriorating” housing affordability. The […]
The value of the private rental sector in Britain rose by 5.8% last year to £1.4trillion, according to a bank report. House prices soared 9.9% between March this year and the start of the pandemic, helped by the suspension of stamp duties, Shawbrook Bank said. This included a 5.6% increase in the value of the […]
July inventories rose an uncharacteristically 4% from June, marking the first two consecutive months of month-over-month inventory gains since April and May 2019, according to RE/MAX. Meanwhile, July’s 1.3 months of inventory set a new low for the month. Home sales in July were the third highest total in the report’s 13-year history, although they […]
DENVER, August 17, 2021 /PRNewswire/ — July inventory rose an uncharacteristically 4.0% from June, marking the first two consecutive months of month-over-month inventory gains since April and May 2019. Meanwhile, July’s 1.3 months of inventory set a new low for the month. Home sales in July were the third highest total in the report’s 13-year […]
Homepage News JCHS Releases 2021 State of the Nation’s Housing Report Cambridge, MA, June 16, 2021 – As the U.S. economy continues to recover from the effects of the pandemic, households that weathered the crisis without financial distress are grabbing hold of the limited supply of homes for sale, driving up prices. price and further […]
Like many industries, the affordable housing sector in the United States has undergone a sea change resulting from the COVID-19 pandemic. Processes and protocols have changed for affordable housing professionals, some perhaps permanently. Closings are being done virtually and some of the preliminary work such as assessments and grant applications are completely different than they […]