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?



Resigned house agent

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



renter-for-life

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



Two cute happy girlfriends taking a selfie outdoors in summer

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 […]

Buyers Once Again Willing to Camp out for Homes



The tourist chooses a route

Back in the 1960s the trend of camping out overnight for a new home became quite common but now it has been several years since this has happened. However it looks as if this trend could be returning in certain areas which include Las Vegas and Phoenix. Camping out overnight to be first in line […]

Data Analysis Changing the Way Land is Developed



Construction site sandy soil wide open space, tire tracks

The introduction of new data analysis methods is changing the way builders in the United States are buying, selling and developing land. At a recent building and building products symposium in New York, builders were cautiously optimistic that the new homes market would rebound this year due to easier credit and increased flexibility. A key […]

New Report Looks at Property Tax Rates



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An article in RisMedia has looked at RealtyTrac’s Property Tax Rates Report for last year, the first the company has produced. This shows the effective property tax rates for single family homes and covers over 1,000 counties throughout the country. The report shows the average property taxes paid last year and the effective property taxes. […]