The Australian housing industry saw a sharp fall in the number of buildings approved in July amid soaring building costs and interest rate hikes. According to the Australian Bureau of Statistics (ABS), total building approvals across the country tumbled by 17.2 percent in July compared to a modest 0.6 percent drop in June. The sharp…
Australian Building Approvals Plunged Amid High Costs and Interest Rates
Is a Real Estate Recession on the Horizon?
Recession has been the buzzword in the real estate industry ever since mortgage interest rates started to climb toward 6 percent. The latest report from the National Association of Realtors (NAR) indicates that existing home sales across the United States have been shrinking for the past six months. Sales dropped 26 percent, from 6.5 million…
Inflation Pushes Rents to Record High, New York City’s Climb Above $4,000
August 30, 2022
admin
Business & MarketseconomyinflationMarketsNY Real Estatepersonal financereal estaterentalUSUS Real Estate
0 Comment
Inflation is pushing rent to new highs, as more than half of U.S. metropolitan areas have witnessed double-digit rent increases, with even some of the “hotter” regions in the Sun Belt showing signs of cooling down, according to the Zumper National Rent Index for August. Many renters who were already facing high rents are also facing a…
Blackstone-Owned Landlord to Cease Buying Homes in 38 Cities as US Housing Market Slows
August 29, 2022
admin
blackstoneBusiness & MarketsCompanieseconomyhousing marketInvestmentlandlordMarketsreal estateUSUS NewsUS Real Estate
0 Comment
A single-family landlord firm owned by the private investment company, Blackstone, will end it purchases of homes in 38 American cities, as the U.S. housing market begins to slow down dramatically. The residential property company, Home Partners of America, (HPA) was acquired by Blackstone in June 2021 for $6 billion at the height of the COVID-19 pandemic housing…
Record Numbers of US Homeowners Slashed Sales Prices in July, Says Redfin
August 27, 2022
admin
Business & Marketseconomic policieseconomyHome salesinflationInvestmentMarketsmortgage ratepersonal financereal estaterecessionUSUS Real Estate
0 Comment
A record number of home sellers dropped their asking price in July, as the U.S. housing market began to tank rapidly, according to new data from Redfin. July saw the biggest annual decline in U.S. home sales in more than a year. Many buyers have fled the housing market amid high mortgage rates and rising…
Hundreds of Customers to Face Long Wait After Queensland Builder Collapses
Queensland’s building watchdog has stepped in to help affected customers following the collapse of a residential builder, but hundreds of homeowners in the Australian state are not likely to see their homes completed any time soon. Oracle Homes went into liquidation on Aug. 24, causing about 70 staff to lose their jobs and halting building…
Don’t Leverage Chinese Interference Fears Just to Sell Real Estate: Australian PM
August 24, 2022
admin
anthony albaneseAsia & PacificAustraliaBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsCompaniesGlobal Real EstateInternationalInternational RelationsPapua New Guineareal estateWorld
0 Comment
Australian Prime Minister Anthony Albanese has said taxpayers cannot buy every plot of land in the Pacific that may be subject to Chinese interference while warning against encouraging real estate promoters to leverage geopolitical tensions in the region. The prime minister’s response comes after retired Australian businessman Ian Gowrie-Smith appeared on Nine Entertainment’s A Current…
US Home Prices in July Decline for First Time in Three Years
August 24, 2022
admin
Business & Marketseconomyhome priceshousing supplyinflationMarketsmortgage ratespersonal financereal estaterecessionUSUS NewsUS Real Estate
0 Comment
U.S. home prices fell 0.77 percent from June to July, for the first monthly decline in nearly three years, according to preliminary July home sales data from Black Knight, a mortgage analytics firm. The apparently mild drop in prices is the largest single-month decline in prices since January 2011. It also was the second-worst performance for…
New Home Sales Sink to Six-Year Low as ‘Housing Recession’ Deepens
August 24, 2022
admin
Business & MarketseconomyHome salesinflationMarketsmortgage ratepersonal financereal estaterecessionUS Real Estate
0 Comment
U.S. home sales fell more than expected in July, to their lowest level in six years, due to a rise in mortgage rates and a surge in housing prices, forcing prospective homebuyers out of the market, according to July data from the U.S. Census Bureau. New single-family home purchases dropped 12.6 percent, to a seasonally adjusted…
3 Reasons Not to Tap Your Home Equity Right Now
August 24, 2022
admin
BrightEstatehome equityhousing pricesmortgagepersonal financereal estateUncategorizedWealth Management
0 Comment
Soaring real estate values mean many homeowners are awash in equity—the difference between what they owe and what their homes are worth. The average-priced home is up 42 percent since the start of the pandemic, and the average homeowner with a mortgage can now tap over $207,000 in equity, according to Black Knight Inc., a…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta