In a hot market, companies compete with would-be homeowners
3 years, 3 months ago

In a hot market, companies compete with would-be homeowners

LA Times  

A sign advertises town houses under construction in Northbrook, Ill. Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be home buyers. The S&P CoreLogic Case-Shiller 20-city home price index climbed a record 19.1% in June from a year earlier, as too few homes were available to buy and low interest rates enabled affluent buyers and real estate investors to pay more. For some would-be home buyers frustrated by the priciest housing market in decades, renting a house is the next best thing, and that’s helping drive up rents, which jumped 7.5% nationally in June from a year earlier, according to real estate data firm CoreLogic. The competition would-be home buyers face from big real estate investors is something the Biden administration is hoping to mitigate as part of a broader initiative aimed at addressing the housing supply shortage and reducing price pressures in the housing market.

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Harris and Vance have found a new culprit for the housing crisis
2 months, 1 week ago

Harris and Vance have found a new culprit for the housing crisis

Politico  

Industry experts, however, say kicking investors out of the housing market is exactly the wrong approach. “Nobody wants to run for office saying the reason young people can’t buy their first homes is old people are staying in them too long or paying all cash — that would be politically suicidal.” The battle underscores a broader political dynamic at play, …

Realtors see fierce battle for mid-sized homes on housing market
1 year, 2 months ago

Realtors see fierce battle for mid-sized homes on housing market

NL Times  

After last year's housing market slump, first-time home buyers are once again facing fierce competition when hunting for a home. Realtors affiliated with the organization sold 2.4 percent more homes in the third quarter than in the same period last year, although the number of townhomes sold declined significantly. These figures regularly mask a lot of frustration among people hoping …

From renting to owning: Millennial revolution in homeownership
1 year, 4 months ago

From renting to owning: Millennial revolution in homeownership

Hindustan Times  

The Covid-19 pandemic unleashed a wave of unforeseen challenges and disruptions, shaking the foundations of our world. According to a white paper by 360 Realtors, a leading real estate consultancy, there are 400 million millennials in India, comprising 46% of the country's wage-earning population. A survey by CBRE titled “Live, Work, Shop” reveals that over 70% of Indian millennials aspire …

For most Americans, owning a home is now a distant dream
2 years, 10 months ago

For most Americans, owning a home is now a distant dream

CBS News  

Home prices across the U.S. are surging, while a shortage of houses for sale has resulted in cut-throat competition for those in the market to buy a property. "Home prices remain excessively high and are impacting affordability," Rubeela Farooqi, chief U.S. economist with High Frequency Economics, said in a report. But most buyers don't have the financial wherewithal to make …

Real Estate Recap: From Luxury Housing to Govt Support, 2021 a Golden Year for Real Estate
2 years, 11 months ago

Real Estate Recap: From Luxury Housing to Govt Support, 2021 a Golden Year for Real Estate

News 18  

As we move into 2022, the residential real estate industry will continue to pave a new path of growth, innovation, technology, and investments. 2021 – The golden year for residential realty Luxury housing to grow further – In 2021, we witnessed that the luxury homes have been a preference for most buyers. Several dynamics will continue to impact the multiple …

First home buyers hit with 'emotional rollercoaster' trying to break into sky-high property market
3 years, 2 months ago

First home buyers hit with 'emotional rollercoaster' trying to break into sky-high property market

ABC  

For over a year, Brisbane couple Eve Anderson and Jordan Roberts have spent every weekend at back-to-back open homes. Property prices outstripping wages The couple are among thousands of first home buyers competing with cashed-up investors and owner-occupiers in a housing market that's running red hot across the country. "You need a return on investment because it's not your forever …

Housing market shortage continues though more homeowners looking to sell
4 years ago

Housing market shortage continues though more homeowners looking to sell

NL Times  

The Funda Index, which reports the housing status in the Netherlands every month, reported a striking turn on the supply side in November. Quintin Schevernels, CEO of Funda, says that “although the intention to sell seems to be increasing for the first time in months, the market remains very tight.” A poll shows that 52 percent of people looking to …

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