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September 2021 Real Estate Market Update
Source: Boothbay Register --- According to Maine Listings, the sale of single-family homes in Maine decreased slightly by 4.76 percent last month. Data shows that 2,063 homes were sold in August of 2021 compared to 2,166 during August of last year. Prices continue to...
Property: Cheap mortgages lift UK housing transactions to decade-high
Source: Yahoo Finance --- Cheap mortgages and a continued migration due to new coronavirus housing preferences continued to power the UK housing market in August, as transactions headed upwards yet again. Despite the end of the stamp duty holiday, and the fact that...
Real estate outlook for the upcoming year
Source: 13NewsNow --- Buying a home in 2021 has been nothing short of frustrating; inventory has been down, prices have been up, and in many cases, you can’t even wait a day before a prospect is gone. The U.S. housing market has gotten so out of whack -- with demand...
Big Sell-Off In Chinese Real Estate Stocks Caused Worldwide Market Dip
Source: UPR --- ARI SHAPIRO, HOST: There was a major sell-off in markets around the world today. The Dow fell 614 points, or about 1.8%, its worst day in more than two months. It did recover some of those losses at the end of the trading day. The big dip was all...
The Global Housing Market Is Broken, and It’s Dividing Entire Countries
Source: Boomberg --- Soaring property prices are forcing people all over the world to abandon all hope of owning a home. The fallout is shaking governments of all political persuasions. It’s a phenomenon given wings by the pandemic. And it’s not just buyers — rents...
Real-Estate Agents Gear Up for Fight to Save Their Commissions
Source: The Wall Street Journal --- The residential real-estate industry is bracing for a challenge to the commissions charged by its sales agents, one that could put downward pressure on the fees paid by home buyers and sellers. The Justice Department is...
Multimillionaire real estate heir Robert Durst is convicted of murder in L.A.
Source: Reuters --- A California jury on Friday found multimillionaire real estate heir Robert Durst guilty of murdering his best friend Susan Berman in 2000, the first homicide conviction for a man suspected of killing three people in three states over the past 39...
Fed Is Meeting As Inflation Slows—What That Means For Mortgage Rates
Source: Forbes --- Inflation is beginning to show signs of slowing, which means that the long streak of low mortgage rates is likely to extend into next year. So if you’re considering refinancing your home, this is still a good time to do so. Consumer prices—a key...
While still one of the hottest in the country, Austin housing market is ‘calming’
Source: KXAN --- Is one of the hottest housing markets in America finally cooling down? Perhaps, the Austin Board of Realtors say. Compared to August 2020, home sales in the Austin-Round Rock housing market during August 2021 decreased 4.6%. However, median home...
Americans Haven’t Been This Down on Housing Market Since 1982
Source: Yahoo Finance --- The last time Americans were this turned off by the U.S. housing market, borrowing costs were over five times the current rate. The share of people who think now is a good time to buy a home fell in September to 29%, extending the plunge from...
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