Joseph is CEO of TenantCloud, a cloud-based property management solution that helps landlords maximize revenue from rental properties. GETTY The housing market has, simply put, gone insane. I’m writing this article from Austin, Texas, where my neighbor’s house just sold within four days for $40,000 over the $1 million asking price. That same house sold in […] Read more
Real estate in post-COVID era: 5 trends defining the growth of luxury housing in India Distinguished buyers are looking to upsize as they are getting to spend more time at home and looking to invest in services that bring them the quality of life without compromising on the luxury quotient. This consumer trend arises from […] Read more
The number of mortgages in active pandemic-related bailout plans rose by 21,000 in the past week after declining for six straight weeks, according to Black Knight, a mortgage technology and analytics firm. The increase was not across all mortgage types but among bank-held and private-labeled security loans (28,000), and, to a lesser extent, among FHA/VA […] Read more
The end of August usually marks the beginning of the slow season for housing, but as with everything else, this year’s trends are like no other. Mortgage applications to purchase a home rose 3% last week from the previous week and were a stunning 40% higher from a year ago, according to the Mortgage Bankers […] Read more
Nearly half of Ontarians who plan to buy a home in the next two years say that they are willing to consider going ahead with a purchase even if they can only view the property virtually, according to a new poll commissioned by the Ontario Real Estate Association. Open houses have been suspended throughout the […] Read more
Dubai property developer Nakheel has cut salaries by as much as half as the pandemic hits Dubai property developers and mall owners. The salary cuts took effect from April 1 and varied according to employee grades the developer said in a statement to Arab News. Earlier Reuters reported the job cuts and the departure of […] Read more
Everyone from your family to your accountant is probably telling you to invest in property. It’s entirely possible those people haven’t paid rent in a while. As rental costs have skyrocketed so, too, have real estate prices, making it exceedingly difficult for most people to buy a home, let alone invest in property. Technology is […] Read more
Weakness in the U.K. property market is set to continue into the foreseeable future, market experts have told “Gold Well Estate”, with investors recently pulling their cash from the sector and forcing some funds to stop trading. Investment manager M&G halted its £2.5 billion ($3.29 billion) commercial property fund on Wednesday last week. The fund, […] Read more
The nation’s single-family homebuilders are feeling very positive about their business, but a monthly sentiment indicator fell in November from a recent high. The national association of Home Builders/Wells Fargo Housing Market Index (HMI) fell 1 point to 70, after rising steadily since June to the highest level of the year last month. Anything above […] Read more
A recent move by the United Arab Emirates (UAE) to cut interest rates will protect the currency and support the economy amid rising external risks, the country’s top central banker told CNBC on Sunday. “When we have a turning cycle, lower rates really help our economy,” Central Bank Governor Mubarak Rashed Khamis Al Mansoori said […] Read more
