The red-hot Australian housing market has broken another record as the total value of the residential real estate has reached an estimated $8.1 trillion (US$6.2 trillion) in April, property analyst CoreLogic revealed. “This puts Australian residential property at around four times the size of Australian GDP and around $1 trillion more than the combined value…
Total Value of Australian Homes Surpasses $8 Trillion
May 6, 2021
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AustraliaAustralian Housing Lendingaustralian housing marketInternationalmortgage loanreal estateWorld
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Good News and Bad News
Dear Dave, My wife and I are in our late twenties, we have no debt, and our household income is about $180,000 year. We’re thinking about building a home, but we’re not sure whether to build just for us, or maybe building a multi-family place so we could live upstairs, rent the rest, and make…
Canada Grapples With Familiar Housing Bubble as Demand Surges Amid COVID Support
Canada’s red-hot housing market is once again drawing calls for actions to cool it off lest the “bubble” bursts and creates grief across the economy.
Caruso Properties’ Tenants Can Now Pay Rent With Bitcoin
April 12, 2021
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bitcoinCaruso PropertiescryptocurrencyLos Angelesreal estateRegional-Local NewsSouthern CaliforniaUSUS News
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Los Angeles-based Caruso Properties is now allowing its tenants to pay rent with Bitcoin cryptocurrency. It’s the first to adopt the technology in the real estate industry, accepting Bitcoin for both residential and retail rents. Caruso Properties, one of the largest real estate and hospitality companies in the United States, has partnered with Gemini, a cryptocurrency exchange and custodian headquartered…
Southern California Siblings Charged in $6 Million Real Estate Scam
LOS ANGELES—A Southern California brother-and-sister team were arrested April 6 on federal charges alleging they orchestrated a $6 million real estate fraud scam in which they listed homes without the owners’ consent and collected money from multiple would-be buyers for each of the not-for-sale homes. Adolfo Schoneke, 43, of Torrance, and Bianca Gonzalez, also known…
Manhattan Real Market Picks Up as Buyers Snatch Discounts
The opportunity to own a piece of Manhattan at a discount is vanishing as thousands of Americans jumped on the buys, boosting the struggling market. Over 2,000 properties were sold in the first quarter of 2021, up 6.6 percent from the previous year, according to a report by the New York City brokerage Serhant. Sales…
Manhattan Real Estate Market Picks Up as Discounts Lure Buyers
The opportunity to own a piece of Manhattan at a discount is vanishing as thousands of Americans jump in to buy real estate, boosting the struggling New York City market. More than 2,000 properties were sold in the first quarter of 2021, up 6.6 percent from the year-earlier period, according to a report by the…
Beijing Delicately Navigating Another Housing Bubble
News Analysis Real estate is one market that has proven resilient during 2020 as the CCP virus pandemic ravaged the world. And the Chinese real estate market has been especially buoyed by high prices and booming sales. The official National Bureau of Statistics data showed that property sales exceeded $2.6 trillion last year after a…
US Home Prices Rise 10.1 Percent in December, Fastest Since 2014
WASHINGTON—U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1 percent in December from a year earlier. The year-end jump was the…
US Home Prices Rose 10.1 Percent in December, Fastest Since 2014
WASHINGTON—U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving to houses in the suburbs from crowded urban areas. The S&P CoreLogic Case-Shiller 20-city home price index, released on Feb. 23, climbed 10.1 percent in December from a year earlier. The year-end jump…
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