Incomes Proving to be a Big Problem For Housing Market



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During the coming years the housing market is expected to be driven by minorities and young households. While this part at least is good news, experts at a recent forum are predicting problems due to income levels. Until there is a greater credit access and incomes improve, the housing market is expected to perform below […]

Formally Distressed Buyers Beginning to Re-enter the Market



Appraisers

Incredibly it’s been nearly a decade since the foreclosure crisis began and now formally distressed homeowners who have seen their credit restored are beginning to re-enter the property market. While this is good news, less-than-perfect credit scores will limit their eligibility to buy according to a new study carried out by the National Association of […]

Canadian House Prices and Sales Increase



Canada. Real Estate Concept.

The latest report from the Canadian Real Estate Association shows that sales in Canada rose by 4.1% from February to March. The average sales price also increased but these figures are skewed by growth in Toronto and Vancouver. According to the report in Propertywire, the national average sale price increased by 9.4% year on year […]

Foreclosure Activity in the US Hits Lowest Level Since 2006



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A recent report from RealtyTrac® shows foreclosure filings, which includes default notices, bank repossessions and scheduled auctions were reported on 101,938 properties in the US in February. The article in RisMedia points out this figure has declined by 4% since January and is 9% lower than a year earlier. These latest figures show foreclosure activity […]

Confidence Increasing in the US Housing Market



Housing recovery

A recent report has found increasing levels of confidence in the US residential real estate market and interestingly enough particularly amongst those who rent homes.  According to the article in Propertywire, more than 5 million people currently renting a home are likely to buy a property within the next year. This is based on the […]

Is Now the Best Time To Sell Your Home?



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Would be home sellers are often given the advice that they should list their home early on in the year, hopefully to close the deal by the time home sales peak in June. However there is some debate as to what exactly is meant by early on in the year. Now a new book from […]

Rental Costs Becoming Unsustainable in Many Areas



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According to new research carried out by the National Association of REALTORS®, the gap between household income and rental costs is reaching unsustainable levels and it’s feared the situation could become worse unless there is a substantial rise in home construction. The NAR looked at data on housing costs and income growth as well as […]

Aussie Rules Not Likely to Be Applied to Vancouver



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The Australian government is cracking down on foreign ownership and has given the owner of a $38 million mansion, with views over Sydney Opera House, just three months to sell it. Towards the end of February the Australian government also announced it would charge foreigners purchasing residential properties higher fees, and would impose fines on […]

Chinese Home Sales for Early 2015 Show Biggest falls for Three Years



China. Real Estate Concept.

During the first two months of this year, property sales in China fell by the most for three years due to excess housing supply and a slowdown in investment in real estate. According to the report in Reuters, sales revenue fell by 15.8% during the first two months of this year compared to the same […]

Survey Shows Millennials Most Likely to Use Real Estate Agent



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A survey shows the millennial generation accounted for the largest proportion of recent buyers. This is according to the 2015 National Association of REALTORS® Home Buyer and Seller Generational Trends study. The study looks at the age differences between recent homebuyers and sellers and according to the article in RisMedia found that the majority of […]