According to National Association of Realtors Chief Economist Lawrence Yun, 2016 is going to continue to be a year of further expansion of U.S. housing activity, but at a slower pace. Yun states that following the U.S. housing market’s best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a […]
During the 22nd Kenya Homes Expo held at the Kenyatta International Convention Centre (KICC) in Nairobi last month, a strange feeling clouded the atmosphere. There was something missing from this year’s expo in comparison with the last 5 years. For the first time since the Real Estate Market started its amazing course, producing millions of […]
Portland, Dallas lead monthly gains in home prices Here’s a city-by-city look at U.S. house prices in July, after the S&P/Case-Shiller 20-city composite showed a 0.6% advance. The 20 cities exclude a few major metropolitan areas, including Houston and Philadelphia. City Monthly price change (%) 12-month price change (%) Atlanta 0.8% 5.8% Boston 1.1% […]
While everything in the global financial system is working against small economies, the existing terrorism fear together with the Kenyan shilling weakening, increase the economic uncertainty in the country. And just when we were about to say that we are getting used to it, a new crisis stemming from China came along. A couple […]
Housing markets are prone to the bandwagon effect, they continue rising when the fundamentals vanish, a year, maybe two years before. Stock market and commodity price volatility and declines are currently chronicled ad-nausea by the press without seeing the dramatic upswing of international property price falls. What is alarming is the pace of price declines. Even countries […]
With home ownership a fading dream for an increasing number of Australians, it’s time to bust some myths about the housing market. Here are the top five by urban and regional planning and policy experts at the University of Sydney, Professor Peter Phibbs and Professor Nicole Gurran. 1. Affordability issues will be solved by constructing […]
First-time buyers are struggling to find a house as the gap between the supply and demand for two-bedroom properties widens, a new report found. The price of a typical first-time buyer home is leaping by £1,250 every single month, putting home ownership out of reach for many. The demand for smaller homes is further compounded […]
Taylor Scott International, conducted a property market survey in Nairobi for the first quarter 2015. The company collected a total number of 1792 surveys collected across a range of different venues. The majority of people who participated belong to the middle and upper class .The main objective of this survey was to identify property ownership […]
Faced with predictions that Dubai home prices may drop as much as 20 percent this year, analysts say the emirate’s real estate developers and lenders are better prepared than when a crash in 2008 brought the city to the brink of bankruptcy. Standard & Poor’s this week estimated that values may fall by as much […]
Beginning of this month, the Monetary Policy Committee brought their bi-monthly meeting earlier by one month and announced a large increase (almost 20%) of the CBR (central bank rate), from 8.5% to 10%. The main reason for this decision was the need to implement a policy in order to try to stop the country’s […]
