Home Affordability on the Rise throughout the USA

Home affordability in the US is on an upward trend, as 74.9% of homes sold in the fourth quarter of 2012 were deemed affordable to families with a US median income of $65,000, up from the 74.1 percentage of the previous quarter. These are the findings of the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).

Sales Held Back By Underwater Borrowers

New data released by CoreLogic shows that a large number of homeowners remain “underwater”, a situation where they owe more on their mortgage than their homes’ value, as a result of continuing property price declines. CoreLogic said that around 10.9 million residential properties, which amounts to 22.5% of all mortgaged homes in the US, were

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Commercial Properties Now Take Precedence in China

Chinese property developers recently told their investors that they are shifting their business strategy to focus on commercial projects rather than residential properties.  The shift coincides with the developers’ announcement of their 2010 financial earnings, which indicate the residential market is booming, while the commercial market is in need of attention. China’s central government intends

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