Real Estate

US Mortgage Rates rise will impact real estate sector

Owing to improved investments in the property segment, the mortgage rates in the US have reported an upsurge since past 12 weeks. The overall rates remained below 4%, though, analysts said that the average rates show an increase.

According to estimates of mortgage firm, Freddie Mac, the... read more

California lawmakers approve bill to prohibit drones over private property

California lawmakers approved a measure designed to restrict the use of drones over private properties without their owners’ permission. Flying a drone less-than 350 feet above a private property without prior permission would be considered a trespass violation.

The Assembly voted 43-11... read more

S&P Case-Shiller 20-City Home Price Index Rose 5%

As per reports, the Standard & Poor's/Case-Shiller 20-city home price index rose 5% from a year earlier, up from its May rate i.e. 4.9%. The National Price index rose 4.5 percent in June.

S&P Dow Jones Indices suggested that if the feds were quick enough to follow the initial move... read more

California home sales jump nearly 11% in June

Home sales in California jumped nearly 11 per cent month-over-month in June even as property prices reached seven-year highs, thanks to stronger economy and low interest rates.

According to stats released by research firm CoreLogic Inc., home sales jumped for the fourth consecutive month... read more

Home Prices Escalate, 10 States Record Home Price Peaks in May

The recent home price index (HPI) of CoreLogic attributes limited supply of listings for causing a 6.3% increase in home prices nationwide in May 2015 as compared to May 2014 while including distressed sales.

Most importantly, 10 states and the District of Columbia reached new high,... read more

Canada Mortgage and Housing Corporation (CMHC)

Monday saw Canada's federal housing agency give a positive stance for housing starts this year and ensured that they would have a soft-landing at the national level.

Canada braved the worst of the global financial crisis and since that time, its housing market has accelerated, helped by... read more

Existing Home Sales Register 6.1 percent increase during March

Existing home sales witnessed an increase by 6.1 percent during March reaching the highest level in 18 months. The National Association of Realtors report suggests that on an annual rate of 5.19 million units, the housing market is witnessing the strongest period in 18 months.

The... read more

Possible rise in Average US apartment rents

It has been anticipated that average US apartment rents will increase for the sixth year consecutively. According to reports, an increase in apartment construction is not expected to cut rise in rents in most of the major cities. And it is expected to continue as demand for rentals remains high... read more

US Housing Starts face setback due to harsh weather

U.S. housing starts witnessed their lowest levels in the year during February, mainly due to harsh weather. Groundbreaking declined in all four regions but real estate experts consider this as a temporary setback in the recovering housing market. The demand for housing has remained high during... read more

Existing Home Sales rise less than market expectations

Existing home sales across United States remained lower than analyst estimates. Against the median forecast of 5.07 million, the home sales during December remained at 5.04 million. Compared to previous year, the existing home sales were stronger by 2.4 percent.

For the first time since... read more

Home builders Optimistic about sales in 2015

According to data released on Tuesday, a gauge of confidence among home builders has ticked down this month. Despite this, there is optimism about the sale of single-family-homes, thereby the figures staying close to the highest level since late 2005.

As Fargo declined one point to 57,... read more

Pending home sales show some strength in November

The pending home sales across the US market witnessed moderate increase according to fresh data shared by the National Association of Realtors. The seasonally adjusted pending home sales index jumped by 0.8 percent in November to 104.8.

The economy has shown signs of strength and consumer... read more

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