Thianchai Sitthikongsak | Moment | Getty Images Mortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back. Total mortgage application volume rose 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was all due … Read more
Descrease article font size Increase article font size The federal government will top up the Canada Housing Benefit, which provides rent support to some Canadians, by $99 million, Deputy Prime Minister Chrystia Freeland says. Freeland announced the top up at a news conference in Ottawa on Tuesday. “Housing is a central challenge in Canada right … Read more
Some insurance companies are pulling back coverage from fire- and flood-prone areas, leaving homeowners with limited affordable options. This trend may even affect the property value of American homes, experts say. The nation’s largest homeowner’s insurance company, State Farm, stopped accepting new applications for policies on property in California in May. Allstate announced in November … Read more
The Reserve Bank of Australia (RBA) has chosen to hold the interest rate in the first decision of 2024. The RBA board met on Tuesday, announcing the cash rate will remain at 4.35 per cent. The decision comes as inflation eased to 4.1 per cent in the December quarter, down from 5.4 per cent in … Read more
Fossil fuel companies are trying to strip a series of climate-friendly measures out of the latest round of model building codes used to regulate construction virtually everywhere in the United States. The International Code Council, the nonprofit organization responsible for writing widely adopted model building codes, broke its own rules to allow natural gas trade … Read more
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of … Read more
The staggering amount Sydney home buyers need to be earning to afford an average property has been revealed, as the income needed to buy a house rapidly outpaces wages. House prices are rising so fast in the city that buyers need to be earning more than $200,000 to afford an average dwelling — up $40,000 … Read more
A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers … Read more
Housing prices in one picturesque area on the NSW coast have dropped by up to $187,000 in the past year, according to new data revealing the beachside suburbs where values have fallen the most. Home values across the 25 oceanfront suburbs — mostly located on the NSW Central Coast, Sydney’s Northern Beaches and the Mornington … Read more
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not seem like a lot, it is the first monthly … Read more
