Real estate

An overview of the US luxury real estate market

By Mauricio OumanskyFounder and CEO, The Agency Mall market forecasts come out at the start of a new year, and if the past two years have taught us anything, it’s that the real estate crystal ball is never crystal clear. Yet, with 2022 well underway, we can confidently predict that no bubbles will burst and […]

Interest rates

How Higher Interest Rates Will Affect Americans’ Finances

WASHINGTON — Americans who have long reaped the benefits of historically low interest rates will have to adjust to a very different environment as the Federal Reserve embarks on what will likely be a protracted period of rate hikes to combat the inflation. The record mortgage rates below 3%, reached last year, have already disappeared. […]

Interest rates

The Federal Reserve is expected to raise interest rates

The Fed’s goal is to slow inflation slowly and gently without slowing the overall growth of the US economy. MINNEAPOLIS — With inflation behaving — or rather misbehaving — like a runaway train for months, it should come as no surprise that the Federal Reserve is expected to move to raise interest rates on Wednesday. […]

Interest rates

Other lenders may be ready to raise mortgage interest rates, expert says

Mortgage interest rates could rise after ICS became the first provider to raise fixed rates, an expert says. ICS Mortgages has announced a rate increase on all of its fixed mortgage rates effective immediately. The increases are the result of the increase in the cost of financing the capital markets on which ICS depends. Martina […]

Property

High prices in Rotorua property market set to continue

Property prices in Rotorua remain stable, with only 0.6% sold at a loss in the last quarter. Photo/Andrew Warner Rotorua home sellers averaged a profit of $410,000 in the last quarter of 2021. That’s according to a new CoreLogic analysis giving insight into the record housing market boom, which some experts say is now showing […]

Interest rates

Fixed or variable? How to Decide When Interest Rates Rise

The Bank of Canada has initiated the first of what should be a steady stream of interest rate hikes, putting those with mortgages on high alert.fizkes/iStockPhoto/Getty Images Fixed or variable? It’s a recurring question for mortgage seekers that is likely to come to a head as the Bank of Canada begins what should be a […]

Property

Record rents and property prices put pressure on UK households | Goods

Record rents of over £1,000 a month and the average house price crossing the £260,000 mark are putting further pressure on households already facing a cost of living crisis. Data from tenant referral agency HomeLet showed the average rent in the UK rose to £1,069 a month in February, up 8.6% on the same month […]

Interest rates

Higher interest rates are coming. Are you ready?

Everything seems to get more expensive. Food, gas and housing prices are on the rise, while paychecks are slow to keep pace. CBC News’ Priced Out series explains why you pay more at checkout and how Canadians cope with the high cost of everything. Over the past few months, mortgage agent Rasha Ingratta has fielded […]

Interest rates

Ruble plunges and interest rates double as Russian economy reels from sanctions

In a sign of the pain to come, VTB, Russia’s second-largest bank, announced it would raise mortgage rates by four percentage points to over 15%. JP Morgan expects the Russian economy to contract by up to 20% in the second quarter of 2022. Meanwhile, shipping giant Maersk has become the latest company to warn it […]

Real estate

Countries with the largest real estate gap between buying and renting

Real estate decisions can vary depending on where in the world you are buying or renting a home. (Getty) Hot real estate markets add fuel to the debate over whether to buy or rent a home. There have been a number of attempts to calculate the numbers. Which one makes the most sense may depend […]

Real estate

US Real Estate Weekly Update | Entertainment News

If anything can be said about the current state of the real estate market, it’s that change is coming. Over the past two years, the pandemic has kept US mortgage rates extremely low, with rates dropping below 3% at times. These record high mortgage rates have made it much cheaper for buyers to borrow money […]

Property

Investing in real estate in Portugal

Portugal continues to be one of the most popular destinations for Britons for holidays and second homes, thanks to its excellent climate, high level of safety and relaxed, often slow-paced lifestyle. But, from an investment point of view, what does it offer? Here we spoke to two experts from Ideal Homes […]

Interest rates

Historical shortage of homes for sale, rising interest rates could mean some buyers will be shut out of the market | Local company

Magdalena Horta describes her experience buying her first home as “very stressful”. Horta, 43, and her husband, Luis Rodriguez, 42, began house hunting in March 2021. “Every time we went to see a house that we liked, we would bid and then wait days for an answer, which was usually a ‘no’ because people came […]

Interest rates

Reserve Bank says lower interest rates reduce rather than increase inequality

ROBERT KITCHIN/Stuff The Bank’s research comes three months after Governor Adrian Orr said it had played a “small role” in creating unsustainable house prices. The Reserve Bank says its own new research shows that lower interest rates reduce wealth inequality, rather than increase it. He admitted the research had not taken into account the impact […]

Interest rates

How rising interest rates will affect credit cards, mortgages, etc.

Internet Explorer 11 is not supported. For an optimal experience visit our site on another browser. Breaking Down Wedding Budgets: How to Save Before You Say “Yes!” 05:45 Now Playing How rising interest rates will affect credit cards, mortgages, etc. 03:21 FOLLOWING How to save money by avoiding these money-wasting habits 04:12 Fight inflation at […]

Real estate

Housing rebound examined at HGAR event

New York’s resilience and the rebound of the real estate market in the city as well as throughout the Hudson Valley came under scrutiny in a webinar produced by the Hudson Gateway Association of Realtors (HGAR) in the series “Getting the Deal Done”. HGAR CEO Richard Haggerty said: “We ended last year with record numbers. […]

Interest rates

How rising mortgage interest rates affect you as they hit the highest levels since the start of the pandemic

MORTGAGE rates are starting to rise again – and some may be wondering how they will be affected by the move. For the week to Jan. 20, the 30-year fixed-rate mortgage climbed to an average of 3.56%, according to Freddie Mac. 1 With rising mortgage rates, Americans can now expect to pay more interest That’s […]

Property

How to refinance an investment property

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Refinancing an investment property can be a […]

Interest rates

ANZ predicts ‘painful’ interest rate hike

New Zealand’s biggest bank predicts interest rates will have to rise much more than it previously forecast, as central banks face an uphill battle to contain inflation. On Wednesday, ANZ said it now expects the official benchmark spot rate (OCR) to peak at 3% over the next 15 months, from 0.75% currently. Previously, ANZ had […]

Property

Townhouses named the most competitive property type

According to a new report from Redfin, some 59.6% of real estate offers written by Redfin agents faced nationwide bidding wars in December 2021. The data revealed that this was the lowest share in 12 months, and down from a revised rate of 61.3% in November, but up from 54% in December 2020. Competition has […]

Interest rates

Rising interest rates could stifle tech and growth stocks

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, Monday, Jan. 3, 2022. Michael Nagle | Bloomberg | Getty Images Rising bond yields could stifle tech and growth stocks for now, as investors bet the Federal Reserve will raise interest rates four times or more this year. Stocks fell […]

Real estate

Mortgage and real estate news this week

It looks like the rate hike is happening faster than expected, with mortgage interest rising in early 2022. But that’s not all bad news for consumers in real estate. Here’s everything you need to know this week. 1. Mortgage rates are higher I’ve just ruled out the big deal: Rates hit their highest levels since […]

Real estate

What does the Utah real estate market look like in 2022?

Estimated reading time: 5-6 minutes Living until 2021 (which is more like 2020 part two) has been a wild ride. A lingering pandemic, rising gas prices, inflation – there was cause for concern. This is especially true if you are trying to buy a home. Few places in the country have been as competitive in […]

Property

Four real estate predictions for 2022 – Show House

After a new variant of Covid spreads towards the end of 2021, Tom Bill, UK head of residential research at Knight Frank, offers four things to consider in the UK property market as confusion begins to mount dispel. The combination of the Christmas holidays and an Omicron wave has been disorienting. If it had not […]

Interest rates

How far will rates go in 2022? – Councilor Forbes

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Low and extended mortgage rates have offered some financial relief to homebuyers in the booming housing market over the past year, but this trend is not expected to last long into 2022. […]

Interest rates

Rising Interest Rates, Low Canadian Housing Supply in 2022: Report

After nearly two years of historic lows, aspiring Canadian homeowners will need to keep an eye out for rising interest rates in 2022. A recent release Zoocasa real estate report outlined five big predictions Canadians should expect in 2022, including rising interest rates. As you might expect as we continue to navigate the pandemic, there […]