Skynesher | E+ | Getty Images Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red-hot refinance market. That caused total mortgage application volume to fall 1.3% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. … Read more
Owngarden | Moment | Getty Images A handful of states have rolled out rebates to consumers who make their homes more energy-efficient, just months after New York became the first state to do so, in May. Meanwhile, South Dakota officials in August declined the federal funding, which is tied to two new programs created by … Read more
A man walks past a housing complex by Chinese property developer Evergrande in Guangzhou, China’s southern Guangdong province on September 17, 2021. Noel Celis | Afp | Getty Images Shares of Chinese property developers rallied on Monday after major cities in mainland China unveiled easing measures to boost homebuyer sentiment, following the central bank’s blitz … Read more
The idea of financial independence can mean different things to different people but one common way to define it is having enough money that you no longer need to rely on a job, a paycheck or someone else to sustain your lifestyle. While the path toward financial independence can feel daunting, there has been one … Read more
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Bloomberg | Bloomberg | Getty Images Shares of Hong Kong’s New World Development surged following the resignation … Read more
Almost one in three Australian suburbs have seven-figure median housing price tags — another blow to people looking to break into the market. A CoreLogic report found a record portion of the almost 4800 suburbs it studied have a median house or unit price of more than $1 million. Sitting at 29.3 per cent, the … Read more
A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was a stunning 175% higher than the same week one year … Read more
Big changes have kicked in for holiday homeowners in one of Australia’s most popular tourist towns, with new caps limiting how many days they can have guests staying each year. As of Tuesday, owners of short-term rental accommodation in Byron Bay, which are properties rented through Airbnb or Stayz, can only offer their homes up … Read more
It’s “no easy task” getting your foot in the property market in Sydney, an expert has told 7NEWS.com.au. Couples must now both earn six-figure salaries to afford a home in the majority of the NSW capital, new data has revealed. Sydney’s eastern suburbs, north shore, northern beaches, and inner-city suburbs remain the most expensive places … Read more
The official interest rate has been paused again, despite growing political pressure on the Reserve Bank to start lowering the cash rate from a 12-year high. In Tuesday’s sixth decision of the year, the RBA held rates again at 4.35 per cent, as it has been since the most recent hike last November. The Reserve … Read more
