With so few home listings around, prospective home buyers have very little time to make up their minds on whether or not they intend to bid on a house they’ve seen. The reality is that as soon as a listing lands on the market, the race is on. Between July 2020 and June 2021, the […]
With inventory still tight, home buyers can’t afford to hesitate
November 15, 2021 by Leave a Comment
Study reveals gender gap in credit card borrowing limits
November 14, 2021 by
The gender pay gap in the U.S. has been well documented, but new research shows that men don’t just earn more money, on average, but they also get higher borrowing limits when it comes to credit. That’s according to new research from the Federal Reserve Bank of Philadelphia, which identified an “unexplained gender difference in […]
Buying a house in these cities is the most traumatic
November 13, 2021 by
Buying a home has always been considered fairly stressful, but with the added pressures of rising home prices and very limited inventories of existing-homes leading to bidding wars, some markets are more stressful than ever. Indeed, some 39% of first-time buyers say the stress of buying a home made them feel physically ill. That’s according […]
Homeowners told to brace themselves for higher property tax bills
November 12, 2021 by
With home values rising fast, experts warn that homeowners might want to brace themselves for a significant bump in the property tax bills. The magnitude and timing of those tax increases will vary though, because while some states may see rises of several hundred dollars, others such as California and Texas imposes limits on year-over-year […]
Douglas Elliman to split from parent firm and go public on NYSE
November 10, 2021 by
Another real estate giant is spinning off to become a publicly traded company on the New York Stock Exchange. Douglas Elliman Real Estate, one of the largest residential brokerages in the New York Area, said it is splitting from its parent company Vector Group. The company has expanded across the U.S., with offices in markets […]
Foreign buyers to return to U.S. real estate en masse
November 10, 2021 by
The U.S. housing market is on the verge of being flooded with foreign buyers, and real estate brokers across the nation are bracing themselves for their return. The U.S. has lifted travel restrictions on 33 countries that were put in place due to the COVID-19 pandemic, meaning vaccinated visitors from those territories can now visit […]
Businesses invest in golf simulators, wine tasting + free honey to lure workers back
November 9, 2021 by
Businesses are investing in more upscale workplaces in an effort to lure workers back to the office. They’re looking to buy more spacious premises with amenities and perks such as custom-built lounges, games rooms with ping-pong tables and foosball, outdoor areas including spaces with fire pits for diners. They’re also looking to renovate existing premises […]
Shortage of construction workers hits “crisis level”
November 8, 2021 by
Anyone looking for a career change that doesn’t have the advantage of a college degree could do a whole lot worse than retraining as a construction worker. Amid huge demand for new homes, at least 740,000 new construction workers will be needed each year for the next three years, according to a new report by […]
Freddie Mac program aims to help renters boost their credit scores
November 7, 2021 by
Freddie Mac says it wants to help make renters more creditworthy and it’s putting its words into action with a new program that allows their rental payments to make a difference. Under the new scheme, owners or managers of multifamily properties will be able to report on-time rental payments to credit bureaus, in a move […]
Tenants see rent hikes of up to 40% in some cities
November 7, 2021 by
Tenants across the U.S. are reporting big increases in their rents, in a reversal of a trend that occurred during the early days of the coronavirus pandemic when the cities saw an exodus of renters to the suburbs and exurbs. Now, as those people return to the city centers, high demand is pushing rents up […]
