RealtyBizNews: Real Estate News
With the latest on mortgages, refinancing, real estate & home tips
The S & P/Case Shiller Home Price Indices was recently released for April this year and shows that home prices continued to increase across the country over the last year. Year on year, price gains were slightly lower compared to the previous months with the composite index and gaining 4.6% while the 20 city composite […]
According to data from the National Association of REALTORS®, sales of existing homes increased in May to reach their highest pace for nearly 6 years. This increase is at least partly due to greater numbers of first-time buyers. All major regions saw sales increase in May with the Northeast registering the greatest differences. The total […]
According to an article in Propertywire, residential rental rates in Australian cities are not only just growing slowly, but at the slowest pace on record. This is according to the latest data from CoreLogic. While the cities of Hobart and Sydney have seen the strongest rental growth over the past 12 months, rents in Canberra, […]
Every homeowner wants to achieve the maximum price for the property, so listing it a little above the market value can seem like a tempting option. However an article in AOL.com points out that this can backfire. While there is always the possibility that the property may sell for above market value it doesn’t […]
The city of Vancouver in Canada already has a reputation for being one of the most expensive housing markets in the country but new data has also revealed this is impacting renters, according to an article in msn money.com. Figures released by the Canada Mortgage and Housing Corporation show the highest average monthly rent for […]
The most recent Federal Reserve analysis was carried out last October and found only modest improvements with regards to economic well-being, but respondents were increasingly optimistic about the future. The Survey of Household Economics and Decision-making was first carried out in 2013 and forms part of the Federal Reserve’s key report on household wealth. This […]
RealtyTrac recently released its May 2015 US Foreclosure Market Report which shows 126,868 US properties were subject to foreclosure filings, scheduled auctions, default notices and bank repossessions in May this year. This is an increase of 1% compared to the previous month and is 16% higher than a year ago, reaching a 19 month high. […]
As the housing recovery continues, it’s expected housing patterns will change significantly during the next few years in order to accommodate a much larger renter population. The change is being predicted by a recent report by the Urban Institute called “Headship and Homeownership: What Does the Future Hold?” As the report points out, millennials will […]
A recent government study has found adverts for reverse mortgages which largely target seniors can be misleading. Elderly people tempted by these offers could find they end up losing their home rather than gaining financial freedom. The Consumer Financial Protection Bureau carried out a study showing elderly homeowners are being misled by the advertising for […]
