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Homeownership May Seem Out of Reach for Generation Z. How You Can Prepare Now
Source: Time --- Houses are expensive — and Generation Z will soon discover homebuying is not what it used to be. Those born between 1997 and 2012 are dubbed Generation Z or “Zoomers”– and 86% of them want to buy a home with 45% wanting to do it in the next five...
Higher housing costs force more pet owners to surrender their dogs
Source: CNBC --- Lisa Spillman can’t imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle. “Everything – rent, groceries, dog food… it’s all going really high,” Spillman, 52, told...
Housing Market: Should You Buy a Fixer-Upper or a Turnkey Home?
Source: Yahoo Finance --- The current housing market means you’ll likely pay top dollar for a home that’s considered turnkey — immediately ready for you to move in. Plus, the competition is steep. Perhaps those two reasons are why 52% of American homebuyers are...
London’s luxury housing recovery set to stall for another year
Source: The Business Times --- LONDON’S long-promised luxury housing market rebound is stuck in wait-and-see mode. Real estate broker Savills slashed its 2022 forecast for price increases to 4 per cent from 8 per cent, revising a prediction it made as recently as...
How state governments are reimagining American public housing
Source: Vox --- What if one of the answers to America’s housing crisis is something that’s been staring us in the face? Public housing — but not exactly the kind most people think of. Even before the pandemic, the nation had too few homes available to buy or...
Seller beware: US homebuyers are backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate
Source: Yahoo Finance --- As a well-known inflation-proof asset, real estate has been highly sought-after for most of the last two years. But things seem to be shifting. According to a new report from real estate brokerage Redfin, around 60,000 home-purchase...
Mortgage Rates Drop Below Five Percent
MCLEAN, Va., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent. “Mortgage rates remained volatile due to the...
Omaha commercial real estate summit to address changing industry
Source: Omaha Daily Herald --- The commercial real estate world is changing by the day with rising interest rates, supply chain delays and re-envisioning the modern office space. Professionals in the industry will gather for the annual Commercial Real Estate Summit...
The rise of high-tech real estate investing platforms and their effect on housing affordability
Source: Geek Wire --- Real estate tech startups are making it easier for people to invest and manage property. But critics argue that these software companies and their business models are gobbling up the limited amount of available housing in the process, driving up...
Xi Tries to Ride a Real-Estate Tiger, and We All May Get Mauled
Source: The Wall Street Journal --- As Covid lockdowns and buyers’ revolts roil China’s real-estate market, Xi Jinping is attempting to ride a tiger—to maintain power while clinging to the foolhardy policies that put him in this position. But as a Chinese central...
