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Survey: Half of Canadians Say Inflation Erodes Their Ability to Buy a Home

Survey: Half of Canadians Say Inflation Erodes Their Ability to Buy a Home

by Phil Hall | Apr 23, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

While 60% of Canadians believe homeownership is a good investment, half of Canadians complained that inflation is eroding their ability to save for a home, according to the 30th annual Homeownership Poll conducted by RBC (NYSE:RY). In an online survey of 2,824...
Study: 38% of Renters Believe They’ll Never Own a Home

Study: 38% of Renters Believe They’ll Never Own a Home

by Phil Hall | Apr 12, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly two in five (38%) renters don’t believe they’ll ever own a home, according to a new survey by Redfin (NASDAQ:RDFN). This is up from roughly one-quarter (27%) less than a year ago. Nearly half (44%) of renters who don’t believe they’ll buy a home in the near...
Zillow: Half of 2023’s Homebuyers Were First-Timers

Zillow: Half of 2023’s Homebuyers Were First-Timers

by Phil Hall | Apr 4, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

First-time buyers made up half of all homebuyers in 2023, according to the latest Consumer Housing Trends Report published by Zillow (NASDAQ:Z, ZG). Last year’s figure represented the highest share in the report’s six-year history and is up from a low of 37% in...
A Phil Hall Op-Ed: Will the NAR Settlement Create a Lose-Lose Scenario for Homebuyers?

A Phil Hall Op-Ed: Will the NAR Settlement Create a Lose-Lose Scenario for Homebuyers?

by Phil Hall | Apr 1, 2024 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: As the proverbial dust is settling on the National Association of Realtors’ (NAR) $418 million settlement, a growing number of voices are starting to complain loudly that the changes being enacted on the home selling structure will not bode well for...
Barbara Corcoran Predicts Lower Rates Will Drive Home Prices ‘Through the Roof’

Barbara Corcoran Predicts Lower Rates Will Drive Home Prices ‘Through the Roof’

by Phil Hall | Apr 1, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investor and “Shark Tank” star Barbara Corcoran has warned that that lower interest rates will results in home prices going “through the roof.” In an interview with Yahoo Finance, Corcoran opined that lower rates would bring more buyers into a housing...
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