Tag: real estate

Australian Rental Crisis Worsens, National Vacancy Rate at Lowest Level Since 2006

Australia has entered into a deep rental crisis, with tenants facing increasing competition for the diminishing pool of available rental homes, driving up rents by almost 12 percent across capital cities in the last 12 months at an accelerating rate. SQM Research revealed the national vacancy rate fell to one percent in March, the lowest…


Manhattan Commercial Real Estate Market Makes Rebound in First Quarter

The Global Commercial Real Estate Services, which provides data and research material to realtors and developers, released a new report on April 7 showing around a 96 percent rise in Manhattan’s year-over-year leasing activity for Q1 2022. The NYC commercial real estate market appears to be making a recovery after a downturn during the pandemic, but…


Mortgage Rates Climbing, But National Housing Market Still Steady

After years of mortgage interest rates basking in the two to four percent range, the past month has witnessed a trend of slowly rising rates, with some creeping up to as high as 5.25 percent for low finance loans. “We’ve been in the two’s and three’s for so long, and then it seemed like one…


Agent and Lender Fraud?

Dear Monty: We are suspicious of our home sale. We found out our agent (No. 2) and the buyer were friends at the closing. The lender also had close ties to the buyer. Our home was listed with agent No. 1 for seven months with no results. We switched agents and received an offer from…


5 Amazing Tips on Turning Real Estate Into a Real Fortune

By Five Tycoons of The Oracles At least 30 U.S. billionaires made their money from real estate. Some say that it’s the greatest way to create real wealth and financial freedom. These five tycoons and members of The Oracles suggest how you can invest $100,000 or start with nothing. Start Small Although I’m a businessman first,…


Auditing Takes Center Stage, Especially in China

Commentary The world of financial auditing is rarely the center of attention. In fact, most auditors operate under the simple premise that no news is good news. In China, auditing is at the center of a major problem for real estate developers and the Chinese stock markets in Shanghai and Hong Kong. Auditors are required for…


‘Rapid Decline’: New Zealand House Prices See Largest Quarterly Drop in Over a Decade

New Zealand (NZ) property prices have experienced their largest quarterly drop in over a decade as the market further weakens, shifting power to buyers. The QV House Price Index reveals that the average home decreased in value by 0.6 percent over the three months to March. This has brought down the average annual growth from…


The Longest Housing Crash in History

What would you think if you walked into your favorite grocery store and saw that the shelves were 80 percent bare? It echoes in there. The store is only one-fifth stocked. It’s eerie. Let’s call it “shelf awareness”. What kind of feelings does this evoke inside of you? These store shelves represent the available supply…


Mortgage Applications Fell 6.3 Percent Last Week as Interest Rates Rise

Demand for mortgage applications in the United States fell by 6.3 percent on a seasonally adjusted basis last week, according to the Mortgage Bankers Association (MBA) survey for the week ending April 1. The Refinance Index decreased 10 percent from the previous week and was 62 percent lower than the same week one year ago, as…


Manhattan Residential Real Estate Sales Hit $7.3 Billion in Q1 2022.

High-end real estate sales in Manhattan reached $7.3 billion in the first quarter of 2022, a marked improvement after the industry was hit hard during the two-year pandemic, according to the latest sales reports. The positive data is one of the strongest starts to a year on record as the NYC market accelerates upward, with no…