The experts tell us that housing is more affordable now than it has been for, well, donkey’s years. Property prices in the US have tumbled like never before as the economy stops and starts and never really quite gets going. Indeed, this is the same the world over, which poses an interesting question… Just how affordable is housing in the US at the moment, and how does it compare to other countries in the world?
Archives for March 2012
Ever since the real estate market crashed and led to a high number of distressed properties on the market and a record number of foreclosures and short sales, everyone has been asking the same question: “When will a real estate market recovery occur?”
The Toronto-Dominion Bank, the second largest bank in Canada is worried Canadian house prices are overvalued by between 10% and 15%, and its chief economist thinks the government should be taking measures to slow down lending growth.
If you’ve been scratching your head over claims that housing is “more affordable than ever,” you aren’t alone and, given the most up-to-date report on home prices, more scratchers could be joining you.
The Housing and Development Board (HDB) in Singapore is taking action to protect serious buyers, and has amended its rules to discourage those buyers who make a booking before cancelling it later on.
In today’s real estate market, eco-friendly homes sell. According to recent research done by the Earth Advantage Institute, energy efficient homes in some parts of the United States sold for as much as 8.5% more per square foot, and even sat on the market for approximately 22% less time than other non eco-friendly real estate in the same area.
Experts say that a new ruling by the Federal Housing Administration is likely to rule out thousands of potential buyers from securing a government-backed mortgage when it comes into force next Monday.
Many, if not most of the major markets across the U.S. are reporting an uptick in home sales activity. But these are not your new, first time home buyers with FHA loans that are driving this increase, it’s real estate investors and foreign buyers.
Real estate technology does more these days than simply list a home for sale on a realtor’s website. Now, homeowners can take part in the fun too!