WALTHAM, Mass.— A slight drop in the number of single-family homes sold in Massachusetts last month compared to the year-ago month and a stabilization of median prices are positives for the housing market, the Massachusetts Association of Realtors said Tuesday. The Warren Group reported a 1.5 percent decrease in median prices, to $320,000.» Read More
A recent study shows millenials are shrinking away from homeownership. Glenn Kelman, Redfin CEO, shares his thoughts on the future of housing and a change in the American psyche from owner to renter.
WASHINGTON, June 23- U.S. home resales rose more than expected in May and the stock of properties for sale was the highest in more than 1-1/ 2 years, suggesting that housing was pulling out of a recent slump. The National Association of Realtors said on Monday existing home sales increased 4.9 percent to an annual rate of 4.89 million units.
DUBAI, June 8- Low residential rental yields in Dubai and Abu Dhabi may indicate growing imbalances and overheating in the real estate sector, the United Arab Emirates central bank said on Sunday, in the first official warning about soaring property prices.
WASHINGTON, May 29- Contracts to buy previously owned U.S. homes rose modestly in April, a sign of stabilization in the housing market, which had been pummeled by higher interest rates and a harsh winter. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, increased 0.4 percent to 97.8.
*Treasury sells $13 bln in 10- yr TIPS to solid demand. NEW YORK, May 22- U.S. The National Association of Realtors said existing home sales increased 1.3 percent to an annual rate of 4.65 million units in April, marking the second sales increase in nine months.
NEW YORK, May 22- U.S. The National Association of Realtors said existing home sales increased 1.3 percent to an annual rate of 4.65 million units in April, marking the second increase in sales in nine months. "I don't think any of the data this morning was that much of a surprise," said Brian Rehling, chief fixed-income strategist at Wells Fargo Advisors in St. Louis.
WASHINGTON, May 22- U.S. home resales rose in April and the supply of properties on the market increased, suggesting the housing market was regaining its footing. The National Association of Realtors said on Thursday existing home sales increased 1.3 percent to an annual rate of 4.65 million units, marking the second increase in sales in nine months.
HONG KONG, May 13- Shanghai's top real estate agent has been forced to downsize, hurt in part by a delay in commission payments from property developers in a market facing increasing liquidity pressure and a slowdown in sales.
Tai Hui, Chief Market Strategist, Asia at J.P. Morgan Funds, expects Hong Kong and Singapore property prices to cool as a result of government measures instead of higher U.S. borrowing costs.
Jon Neale, head of research at Jones Lang LaSalle, says there is no broad-based recovery in the U.K. housing market as prices are rising at different paces around the country.
Many Russians who own property around the world ask the help of multilingual real estate consultants when looking at New York real estate. NYT reports.
The NBA legend had listed the property for $29 million, then $21 million.
Wells Fargo is cutting 2,300 jobs from in the mortgage production unit,the company said on Wednesday.
Applications for U.S. home mortgages fell last week, driven by a decline in demand for refinancing loans as mortgage interest rates remained at a two-year high.
Carlo Sant'albano, Executive Chairman at Cushman & Wakefield explains why he's positive on the long-term performance for Asian real-estate despite the surge in home prices.
Americans who have trouble dividing 300 by 2 are much more likely to end up in foreclosure than consumers with average math skills, according to a new study.
I. Dolly Lenz, who has brokered more than $8 billion in deals over 25 years and has long been on the top real-estate deal-makers in New York, is leaving Douglas Elliman Real Estate.
Another surge in interest rates pushed prospective U.S. homebuyers to act as demand for applications for mortgages, which rose for the first time in a month.
Dolly Lenz, Prudential Douglas Elliman, says smart sellers are catering to the new buyers from Asia. She believes buyers from China make up about 10 percent of the market. "That's a lot," she adds.
Interest rates on U.S. mortgages continued to surge last week, rising above four percent for the first time in a year and driving down demand from homeowners to refinance.