Real Estate Industry News & Insights
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Is Real Estate TikTok the Secret to Finding an Apartment?
Source: Clever --- In March of 2022, Ashley Kim, a virtual reality product designer, was living in Providence, Rhode Island, while finishing up her joint Master of Design Engineering at Rhode Island School of Design and Brown University. “I’m a huge planner, so I was...
Chinese buyers return to the market
Source: Domain --- Now China has finally flung open its doors again, Australia can expect a major influx of cash into its housing market. A new report into overseas residential real estate spending intentions has found that around $4.8 billion of funds is likely to...
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China’s real estate crisis deepens as big Shanghai developer defaults
Source: CNN --- Hong Kong (CNN Business)Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world's second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1...
Mortgage rate forecast for July 2022: Borrowers feel the heat
Source: Bankrate --- The mercury in your thermometer’s going up, and mortgage rates are also climbing, creating an uncomfortably hot and sticky situation for prospective homebuyers. Currently, the benchmark 30-year fixed mortgage rate is treading close to 6 percent....
Housing correction is ‘dead ahead,’ warns Moody’s chief economist Mark Zandi — here’s how he sees things playing out over the next several months
Source: Yahoo Finance --- Home prices across the United States continue to rise, with the entire country seeing an increase of over 1% between April and May this year, according to the National Association of Realtors. It’s even higher in some parts of the country,...
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