Housing report

Metro Detroit Housing Report Shows Prices Rise 10%, Sales Fall

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 […]

Housing market

February 28, 2022—Lending Rates Rise – Forbes Advisor

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 […]

Housing crisis

The housing crisis threatens us all, warns an economist

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 […]

Housing market

What is a no credit check loan?

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 […]

Housing supply

Australia faces a decade-long housing supply crisis

“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 […]

Housing market

Ballot proposal would cap ‘predatory’ interest rates for payday loans

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 […]

Housing sector

Government urged to expedite laws to streamline housing sector in Uganda

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 […]

Housing sector

The housing sector escapes the pandemic blues

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 […]

Housing supply

Census data fuels debate on housing supply and demand

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 […]

Housing crisis

How can we solve the national affordable housing crisis – KION546

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 […]

Housing sector

Ecological Survey: Housing Sector in Bangalore Has Performed Well Despite the Pandemic | Bangalore News

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 […]

Housing crisis

Government misses links between housing crisis and growing pension problem

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 […]

Housing sector

Economic Survey: COVID restriction affected demand, supply of housing sector

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 […]

Housing sector

Expectations of homebuyers and the housing sector from Budget 2022

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 […]

Housing crisis

Millennials optimistic about buying a home as housing crisis persists

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 […]

Housing supply

Record housing supply in the Philly area will continue to challenge buyers

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 […]

Housing supply

Shortage of real estate housing supply in North Carolina

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 […]

Housing sector

Shattered homes: Trouble sets in in booming housing sector

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 […]

Housing report

RE/MAX National Housing Report December 2021

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. […]

Housing report

Housing report confirms Kingston home prices are rising exponentially

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 […]

Housing supply

Paulson: Tight housing supply welcomes 2022

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 […]

Housing sector

The housing sector will build on this year’s growth in 2022

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 […]

Housing report

RE/MAX National Housing Report for November 2021

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 […]

Housing supply

Housing supply remains a burning issue

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 […]

Housing supply

Insatiable demand and low supply for housing means records continue to be set

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, […]

Housing sector

Analysis shows ‘remarkable’ period for Scotland’s primary housing sector

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 […]

Housing report

October 2021 RE/MAX National Housing Report

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 […]

Housing sector

While consumer stress remains historically low, accelerating inflation and slowing housing sector tell a different story

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 […]

Housing sector

Housing sector, infrastructure spending to boost cement demand for FY22

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 […]

Housing supply

Housing supply cannot keep up with demand, says NAHB CEO, but solution to ‘looming crisis’ must be found quickly

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 […]

Housing sector

APRA must do more to chill the housing sector – ShareCafe

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 […]

Housing sector

National Association of Realtors Chief Economist: ‘The housing sector is clearly stabilizing’

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

Homebuilders tackle Canada’s housing shortage

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 […]

Housing supply

Housing Supply, Affordability at ‘Crisis Point’ in Illawarra: UDIA Report | Mercury of Illawarra

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 […]

Housing sector

Value of private rental housing sector jumps 5.8% to £1.4trillion, report says

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 […]

Housing report

RE/MAX publishes its July 2021 housing report — RISMedia

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 […]

Housing report

RE/MAX National Housing Report for July 2021

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 […]

Housing report

JCHS Releases 2021 State of the Nation’s Housing Report

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 […]

Housing sector

Affordable housing sector is a seller’s market as new buyers enter the fray, says exclusive webinar panel

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 […]