National house prices have fallen for the second straight month as higher interest rates and prohibitive prices weigh on demand for homes, while rents are rising faster than house prices. Core items: CoreLogic and Prop Track say national home prices fell in June on rising interest rates According to CoreLogic, prices fell in Sydney (-1.6 … Read more
Few things say summer in America more than the 4th of July weekend. And as June draws to a close this week, investors and economists alike will get rid of a second quarter in which inflation raged and markets swooned. But before that can happen, the week starting Monday will offer some final reminders of … Read more
Mortgage rates continue to rise as the Federal Reserve tries to tame unmanageable inflation. According to Freddie Mac, the 30-year fixed rate mortgage averaged 5.81% for the week ended June 23, up from 5.78% the week before. Rates averaged 3.02% this time last year, and the last time rates were this high was in the … Read more
When interest rates started to rise this year, many Australians thought this might be their chance for a break – but all is not as it seems. As interest rates began to rise this year, many Australians worried about how they would be affected by the measure intended to take the sting out of rising … Read more
By BEN FINLEY, Associated Press Chuck and Terry Nowiski lived in their cottage-style farmhouse with a wraparound porch for 36 years before it was flooded. After Hurricanes Matthew and Florence, they said “yes” to the state’s offer to buy and demolish their home. Almost three years later, they are still waiting for the money. What’s … Read more
In May, real estate prices in the GTA showed which areas are hot and which are not. Though prices are up 9.4 percent on an annualized basis, May marked the third straight month-on-month decline across the board, down about 3 percent from April, according to the latest report from the Toronto Regional Real Estate Board … Read more
Australian house prices have fallen nationwide for the first time in at least 20 months, according to two leading monthly indices. Core items: The two house price indices both show a nationwide drop of 0.1 percent in one month Both show Sydney, Melbourne and Canberra at the top of the falls Adelaide, Brisbane and some … Read more
If you work in real estate or have ever bought or sold a home, you may be familiar with home appraisals. A career in real estate appraisal can be rewarding, but you must understand the requirements of becoming a real estate appraiser before proceeding. Although exact requirements vary from state to state, here are some … Read more
Podcast host Nikki Hynes lost her dream home last summer. Despite offering $15,000 over list price, the sellers instead chose an investor — one that offers cash payments and a lightning-fast 14-day closing period. “We were devastated,” says Hynes. “We also began to worry that if we made $15,000 and were beaten by cash offers, … Read more