International News
Canadian Home Sales Up in June
There were 206,435 properties listed for sale on Canadian MLS Systems at the end of June. Continue Reading Canadian Home Sales Up in June
13th Century English Manor (Complete with Moat) Now Listed for $4.38 Million
The grounds also include a 13th-century chapel and a two-bedroom lodge cottage. Continue Reading 13th Century English Manor (Complete with Moat) Now Listed for $4.38 Million
Australians unleash on The Barefoot Investor over his brutal advice as they struggle to pay off their mortgages: ‘I’ve started lining up at food bank so our children can have fruit and bread’
Source: Daily Mail --- Aussies have lashed out at the Barefoot Investor Scott Pape after he told homeowners they need to take some of the blame for their own decisions as interest rates soar. Earlier this month, a homeowner named Ben wrote to the financial investment...
Quarter of people have seen housing costs rise in past three months as increasing rent and mortgage rates put pressure on household finances
Source: This Is Money --- A quarter of British adults have seen the cost of their mortgage or rent increase over the past three months, with 18–34-year-olds the most likely to be affected. Meanwhile only 3 per cent of people saw their rent or mortgage payments...
Growing your real estate business abroad? Consider a helping brand
Source: Inman --- In today’s global business landscape, taking the right name — and all that comes with it — can make all the competitive difference. More than a name and a pretty logo, a brand is a feeling — purchased in trust, maintained by consistency, and...
How does the housing market affect UK productivity?
Source: Economics Observatory --- Where we live – and how much that costs us – affect our ability to work, to find suitable jobs and to access good schools. House prices also influence whether money is invested in property or in developing businesses. All this means...
China’s banks raise mortgage age limit to octogenarians, dipping into pensions of elderly buyers to prop up sagging sales
Source: South China Morning Post --- Alfred Chen, a 44-year-old engineer in Hangzhou, had been thinking about moving to a bigger home and taking his parents with him. An extra bathroom for the elderly parents would be great, he thought. He had kept an eye on the...
Real estate agents are telling prospective renters they’ll have a better chance if they offer more. Here’s why that’s legally murky
Source: ABC News --- Sophie* and her partner are relieved to have a roof over their heads after a nightmare experience looking for a rental in inner Brisbane. With their lease coming to an end, Sophie turned all her attention to finding a new place. A two-bedroom unit...
How low will house prices go? Lessons from UK, US, Europe and elsewhere
Source: The Guardian --- Across the world house prices are breaking records – but this time it is because of how fast they are falling. Houses in Stockholm are now selling for 20% less than their peak, Sydney prices are down by almost 14% over the year, while in San...
Realogics Sotheby’s International Realty Releases 2023 Forecast Report
Realogics Sotheby’s International Realty (RSIR) released its 2023 Forecast Report, a macroeconomic housing report authored by Pacific Northwest brokerages who have analyzed the trends in 2022, evaluated what's occurred so far in Q1 for 2023 and are focused on where...
Will US Housing Crash The Economy?
Source: Bloomberg --- Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Could US Housing Crash The Economy? I’ve realised that one of the phrases I use most...
Cash: High Interest Rate Discourages Developers
Source: This Day --- The Chief Executive Officer, Wealth Island Properties Africa, Mr. Tade Cash in this interview with Kayode Tokede speaks on the impact of high interest rates environment on developers, among other property investment-related issues in Nigeria and...
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