Thianchai Sitthikongsak | Moment | Getty Images Higher mortgage rates continue to hit demand from both current homeowners and potential homebuyers. Total mortgage application volume dropped 5.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made to account for the Presidents Day holiday. The … Read more
Aussie residents are urged to be wary of a new tactic by would-be thieves looking to burgle homes. Sharing on Reddit, one Melbourne renter revealed how two people claiming to be representatives of the property’s landlord tried to gain access to their house. Suspicious, the tenant turned the man and woman away – only to … Read more
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic … Read more
The Port of Fontvieille Harbor in the Principality of Monaco. Education Images | Universal Images Group | Getty Images The ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study. One-quarter of American ultra-high-net individuals, or those worth $30 million or more, … Read more
Apartments are seen undergoing construction on February 28, 2023 in Austin, Texas. Brandon Bell | Getty Images The apartment market is finally loosening up. At the same time, competition is heating up in some key markets. There is an enormous supply of new apartments coming online this year. And rents have fallen for six straight … Read more
The homebuilding industry is in a race to make its homes environmentally cleaner and more energy efficient. Real estate as a whole is a massive carbon offender. Both the construction and operation of buildings account for 40% of global carbon emissions. Solar panels and energy-efficient appliances help cut emissions, but more needs to be done … Read more
A mortgage broker has dished out the five common mistakes people make when buying a home. Every month, Quang Huynh meets hundreds of clients, ranging from first-home buyers to aspiring investors, to help them get onto the property ladder. But far too often, the Sydney broker sees young adults make the biggest purchase of their … Read more
Picture this: A house with extensive mold, water damage, termites and a collapsed roof in a tiny town where you don’t speak the language. Not exactly a prime real estate opportunity, right? For Rubia Daniels, though, the dilapidated building in Sicily also served as an exciting chance to build the home of her dreams â … Read more
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year over year. The count … Read more
A battle between five people to buy a tiny beach box on the Mornington Peninsula, 100km from Melbourne, was won with a mind-blowing bid of close to $1 million dollars. The boat shed is one of six along the coveted Blairgowrie coastline, and while locals told 7NEWS they thought the winning $900,000 offer was too … Read more
