RealtyBizNews: Real Estate News
With the latest on mortgages, refinancing, real estate & home tips
Latest data from the Canadian Real Estate Association shows average residential real estate prices in Canada increased by 9.6% year on year in June and sales activity increased by 11% compared to a year earlier. However national home sales decreased slightly from the previous month, down by 0.8% in June compared to May. According to […]
Figures from the latest RE/MAX National Housing Report show the number of home sales in June was the highest for any month since the report first began in 2008. Since the year began, there has been a five-month trend in which sales have been higher for both the previous month and for the same month […]
According to an article in Propertywire, approvals for new homes in Australia strengthened during May, increasing by 2.4% compared to April. The number of approvals for multi-unit properties increased by 15.1% but in comparison approvals for detached homes dropped by 8.5%. There were a total of 218,442 approvals for the year ending in May, marking […]
A recent survey by TD Bank has shown that first-time buyers are willing to make sacrifices in order to try to save for a down payment on a home. They’ll consider giving up many items we might consider to be essential such as cable TV or the Internet or phones in order to save money. […]
You’d have thought having a college degree would make it easier to buy a home, but according to an article in CNN Money.com it can actually make it harder. Purchasing a property does require the lot of money and a new study has found that in 30 out of the top 100 markets in the […]
The luxury home market in Toronto and Vancouver is still red-hot but it’s a different story in other major cities in the country. A study of luxury homes sales, which are properties worth in excess of $1 million looked at four different cities and found quite different results. The report by Sotheby’s International Realty found […]
The latest data released by RealtyTrac® for May 2015 shows that 24.6% of all single family homes and condominiums sales for May were purchased with cash. This compares to 28.5% for April and 30.4% a year earlier, showing all cash sales have now reached their lowest level since November 2009. This means the cash sales […]
Whether you believe they saved the real estate market or simply took advantage of the many foreclosure and distressed properties available, large institutional investors did help to prop up prices through purchasing thousands of single family homes. Now they are purchasing fewer properties but definitely aren’t leaving the market completely. Instead they’re choosing to hold […]
Home ownership rates have been declining for the past ten years, a fact that is often attributed to Millennials failing to get on the property ladder. In fact, Generation X is largely to blame. According to Harvard’s State of the Nation’s Housing report for this year, homeownership amongst those aged between 35 and 54 has […]
There has been a lot of speculation that property prices in Australia could crash but economists see the situation rather differently. Instead of a crash they predict price growth will slow down before prices stall rather than crashing after they have reached a peak sometime during the next couple of years. In spite of mortgage […]
