For reasons I have yet to fully appreciate, there is a lot of confusion about the state of residential real estate in the U.S. Simply by looking at some of the data we can clear up a lot of the muddle. The short explanation is that housing, along with the rest of the economy, has […]
Mortgage experts are predicting a “gentle recovery” in activity in the UK housing market as new figures show lending rose slightly. Gross mortgage lending rose by 2% in May compared with April to £16.2bn, according to the Council of Mortgage Lenders (CML). This, and economic indicators, signalled a “limited” increase in activity in the coming […]
China’s property market is showing further signs of stabilising, with prices in some cities rising strongly last month as government measures to boost demand feed through. Of the 70 cities tracked by official data, 20 experienced an increase in new home prices last month, the highest level in more than a year. The average price […]
The average property on the market this month has a price tag of £294,351, Rightmove has reported. The new high is £8,218 more than a previous record set in April, and a surprise fall in the supply of homes coming on the market in recent weeks has added to the upward pressure on prices, the […]
Finance minister focuses on deregulation, speeding up construction and disincentivizing property investment. Finance Minister Moshe Kahlon on Wednesday announced what he called the first phase in a plan for reducing Israel’s skyrocketing housing prices. He is expected to bring his initial proposals to a vote in the Housing Cabinet on Monday. In a statement, Kahlon […]
As we approach the midpoint of 2015, the residential real estate market is on track for its best year since 2006, the peak of the housing bubble. (This time, though, it’s no bubble.) Job growth is powering the surge in demand for homes. More than 3 million jobs have been created in the past 12 months. […]
SHANGHAI–China’s housing sales in the first five months of the year rose 5.1% year-over-year, a reversal from the 2.2% decline recorded in the first four months as lower borrowing costs and relaxed mortgage requirements lured home buyers back into the market. Housing sales in January to May totaled 2.07 trillion yuan ($333 billion), according to […]
Most second steppers in the UK housing market are no longer trapped in negative equity as their position is boosted by rising house prices and an influx of first time buyers, new research has found. This is despite the fact that many face a £128,000 price gap to jump up the housing latter, according to […]
Recently the “businessinside” highlighted that many economists on Wall Street consider the housing market the bright spot of the economic recovery. And America’s largest home-improvement retailer also expects the sector to improve. In a European Investor Meeting presentation on Monday, Home Depot outlines its outlook for the US housing market, which it expects will improve as residential investment picks up, […]
It’s no secret that the Texas economy has been on fire in recent years. Thanks to the unconventional oil boom, last year the state’s oil output reached levels not seen since 1976. That sparked a surge in new home construction and a simultaneous run-up in housing costs in many metro areas. Unfortunately, the local economies […]
