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Mortgage payers face squeeze in 2023 after UK interest rate rises
Source: The Guardian --- Homeowners with mortgages will be among the biggest losers from the cost of living crisis in 2023 due to interest rate rises, while the wealthiest UK households will benefit from better returns on savings and investments, according to analysis...
Housing market: More and more home sellers dangle incentives to get buyers, study finds
Source: Yahoo! News --- The share of home sellers offering concessions to close a deal jumped in the final three months of 2022, a new report found. That was before sellers resorted to cutting their listing price to attract buyers. Approximately 42% of homes sold in...
With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring
Source: Yahoo! --- Homebuyers hoping for a better climate in 2023 have longer to wait, as they now face the highest mortgage rates to start a new year since 2002. However, analysts remain hopeful that today’s volatile rates will stabilize in the coming months. “While...
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
Source: Morning Star --- The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before...
Roles of a proper real estate agent
Source: Ripples Nigeria --- Real Estate Agents help buyers and sellers alike guide through each stage of finding their perfect residential or commercial space. They do this by arranging viewings and making appointments with potential customers based on what best suits...
Is real estate the best way to build wealth?
Source: UBS --- An illiquid, indivisible bulk asset with high transaction costs, residential real estate presents complications for investors whose focus is wealth-accumulation. But that doesn’t mean you should discount housing as a key part of your investment story....
