Featured Resources
Global Property Investor – Canada’s Home Sales Rise 1.9% in September as Affordability Concerns Persist
USA The U.S. is facing a growing housing crisis, with an estimated 5.6 million vacant homes despite high demand in the housing market. Vacancy rates have surged as affordability worsens due to rising mortgage rates and limited supply. This disconnect between available homes and potential buyers continues to pressure the market, contributing to the ongoing…
Global Property Investor – Australia’s Property Market Hits $11 Trillion Despite Growth Slowdown
USA U.S. mortgage rates rose to 6.32% for a 30-year fixed loan, the biggest increase since April. Freddie Mac’s economist noted that the rise reflects economic strength, despite higher rates making affordability tougher. While some buyers may hesitate, others are advised to act now since lower rates may not return soon. Melissa Cohn suggests focusing…
Global Property Investor – Singapore Private Home Prices Fall 1.1% in Q3 Amid Cooling Demand
USA For the first time in seven weeks, U.S. mortgage rates increased, with the average 30-year fixed rate rising to 7.31% in September 2024. Despite this, borrowing costs remain lower than earlier in the year when rates reached 7.22% in May. This rise is attributed to broader economic factors, including inflationary pressures, which may continue…
Global Property Investor – Canada’s Housing Market Grows 1.3% Amid Affordability Concerns
USA Mortgage rates in the U.S. have dropped for three consecutive weeks, hitting the lowest level in two years. This decline could make home buying more accessible, particularly in areas where borrowing costs had been a significant concern. However, affordability issues persist in certain regions, like Florida, where rising insurance premiums add to homeownership costs.…
Global Property Investor – U.K. House Prices Bounce Back with 2.2% Growth in August Following Rate Cuts
USA The Federal Reserve’s 50 basis point rate cut on September 18, 2024, is expected to lower borrowing costs, providing relief for homebuyers and investors. Mortgage rates may decrease, spurring demand for housing in regions such as the Northeast and Midwest. However, affordability concerns remain in areas like Florida, where rising insurance costs continue to…
U.S. Banks DO NOT want you to know this!
It’s been a hectic week with several conferences in town and F1 next week. As we are all waiting for the Fed’s decision this week, I wanted to update everyone on a new loan program that has been very popular since we launched it. Did you know you can qualify for a U.S. mortgage by…
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