A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Some of the heat is coming out of home prices, even though they’re still higher than they were a year ago. Several new reports show the price gains are shrinking and home sellers are starting to give in after … Read more
Tourists walk through a park in Chicago, on May 26, 2024. Jamie Kelter Davis/Bloomberg via Getty Images Many major U.S. cities have seen apartment prices soar in the past year, even as the typical American has seen pandemic-era rent inflation cool substantially. For example, renters in Syracuse, New York, saw monthly rents for one- and … Read more
Home prices set another record high in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today’s housing market is unlike any other in recent history. Prices in April rose 6.3% compared with April 2023, according to the S&P CoreLogic Case-Shiller National … Read more
Australians living outside the major cities have not been spared from eye-watering rental hikes, putting pressure on populations in disaster-prone areas and other vulnerable groups. Renting in the regions has become increasingly expensive since the COVID-19 pandemic, based on an analysis of SQM Research’s weekly asking rents. The average regional renter is spending more than … Read more
Labour’s key housing pledge is to build 1.5m homes if it wins the general election. Its plan includes a promise to build new towns but what would it take to pull it off? “I think the new towns idea is very grabbing,” Robert Booth, the Guardian’s social affairs correspondent, tells Hannah Moore. “To build genuine … Read more
Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty Images Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. So-called existing home sales in … Read more
(NewsNation) — Five U.S. cities are considered “impossibly unaffordable” when it comes to housing, placing them among the most expensive markets in the world, according to a new study. Researchers at Chapman University and the Frontier Centre for Public Policy in Canada analyzed 94 major cities in eight countries and determined San Jose, California is … Read more
Australian home prices are expected to rise once again, with record highs for houses and units in most capital cities. Perth, Adelaide, Sydney and Brisbane are expected to lead the pack on house prices in the 2025 financial year, setting fresh records alongside Queensland’s Sunshine Coast and Gold Coast, real estate portal Domain says. By … Read more
File photos: “For Sale” sign Brandon Bell | Getty Images Consumers seemed unimpressed by the latest drop in mortgage rates. Total mortgage application volume rose just 0.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 … Read more
Hong Kong retained its pole position as the world’s most expensive city for expats in 2024, according to Mercer. Chunyip Wong | E+ | Getty Images Asia’s biggest financial hubs have once again clinched the top spots for being the costliest cities for international workers to live in, according to Mercer. Hong Kong was ranked … Read more
