Valentinrussanov | E+ | Getty Images The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. Even small cuts in rates could make a meaningful difference in what a homebuyer will pay. To that point, people in the market to buy … Read more
NSW is pushing ahead with an Australia-first portable bond scheme that will allow millions of renters to digitally transfer their bond to their new home. The state government on Monday said an upgrade of the existing rental bond system will soon get underway with the work expected to be completed in 2025. “This scheme will … Read more
Noeleen and Jack Miller were excited to be living the Australian dream in a new beachside home, but their experience with one of South Australia’s oldest and most well-known builders has left them in a “nightmare”. The couple, originally from South Africa, is among several customers of Rossdale Homes who have come forward with complaints … Read more
Landlords could be fined for making up a “non-genuine reason” for kicking out a tenant under NSW laws to scrap no-grounds evictions. Premier Chris Minns says his government is aiming to introduce legislation to end the practice in September, making good on a 2023 state election promise. Under the proposed reforms, homeowners will need a … Read more
A development towers over the Lyric Theater in Miami’s Overtown neighborhood. Greg Iacurci MIAMI — Nicole Crooks stood in the plaza of the historic Lyric Theater, a royal blue hat shielding her from the midday sun that baked Miami. In its heyday, the theater, in the city’s Overtown neighborhood, was an important cultural hub for … Read more
Home buyers are being urged to apply for an Australian government scheme that allows them to purchase a property without needing a guarantor, saving them about $25,000 on bank fees. This financial year, 50,000 people can apply for three programs under the Australian Home Guarantee Scheme, designed to make the process of purchasing easier for … Read more
An aerial view shows a subdivision that has replaced the once rural landscape on July 19, 2023 in Hawthorn Woods, Illinois. Scott Olson | Getty Images Mortgage interest rates eased very slightly last week, but not enough to get today’s potential homebuyers off the fence. The average contract interest rate for 30-year fixed-rate mortgages with … Read more
New research shows homeowners may have to take “drastic action” if interests rates remain high until next year. The study by financial comparison site Finder found an alarming 5 per cent of homeowners — about 165,000 households — would have to sell their house if mortgage rates remain high. The site, which surveyed homeowners, found … Read more
Amid a cost-of-living crisis and a housing crisis, Sydney renters are giving up their dreams of beachside living for cheaper pastures. As a result, 20 suburbs along the city’s coast have recorded median rents for houses cheaper than they were a year ago, according to new data from Domain. Some of Sydney’s most highly coveted … Read more
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of … Read more
