Housing market is tilting in favor of buyers, Redfin says

The current housing market appears to be tilting slightly more in the favor of buyers, marking a reversal of last year’s trends, the latest research from Redfin shows. The online brokerage reported only 44.3% of bids written by its agents in July faced competing offers, falling for the sixth month in a row to the … Read more

Investment in housing construction falls for first time in nine months

Breadcrumb Trail Links News FP Economy Quebec is the biggest drag on reading, while non-residential investment returns to an increase Author of the article: Homes under construction are seen in a new suburb in Ottawa. Nationally, investment in residential construction fell in June. It was the first drop in nine months, according to Statistics Canada. … Read more

Britain’s housing crisis — no longer a nation of homeowners?

In the UK, many people on lower incomes struggle to find secure housing © Andrew Testa/Panos Pictures In 1923 Noel Skelton, the Scottish Unionist politician and Conservative thinker, wrote that in order to make democracy stable, government needed to promote “a property-owning democracy”. This would be able to meet the rise of socialism with “constructive … Read more

NewPoint, Morgan Properties launch affordable housing lending platform

Read next: NewPoint Real Estate Capital adds two key hires as part of affordable housing push Rob Wrzosek, who was recently promoted to president of affordable strategies at NewPoint, added that the goal of the new products is to “provide investors and developers with something fundamentally different in a sector that has remained relatively unchanged … Read more

San Francisco ‘froth is gone’ as wealth fades, housing slumps

A palatial five-bedroom home built in 1932 with stained-glass windows, hand-carved doors and jaw-dropping hillside views of downtown San Francisco hit the market in April for $9.5 million. In June, the owners dropped the price to $7 million. It went up for auction last week with an opening bid of $4.5 million. No offers emerged. That kind of pullback … Read more

‘Housing loan disbursals up in tier 3, 4 cities with more female borrowers’

With the implementation of Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme and work from home culture getting in vogue, there is a spurt in housing loan demand in tier 3 and 4 districts. The growth has been registered more in the female borrowers, said State Bank of … Read more

Awaiting growth capital, PNB Housing may re-enter corporate loans at appropriate time: MD&CEO Prasad

A Rs 2,500-crore rights issue in the pipeline and healthy CRAR may provide leeway to PNB Housing Finance to re-enter the high-yielding corporate loans that it stopped two years back, a top company official said. The Punjab National Bank-promoted housing finance company (HFC) presently has a corporate loan book size of Rs … Read more

Zillow sees slowing demand for ads in housing downturn

Zillow Group Inc. shares plummeted after the company predicted that a significant contraction in home sales would weigh on the amount of advertising it can sell to real estate agents. The company, which makes most of its money by helping agents connect with homebuyers, has been riding the housing roller coaster for more than two … Read more

Cancelled listings, turning homes into rentals more common as housing market cools

Breadcrumb Trail Links PMN Real Estate PMN Business Author of the article: The Canadian Press Tara Deschamps Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022.THE CANADIAN PRESS/Jeff McIntosh Photo by Jeff McIntosh /The Canadian Press Article content TORONTO — When Shannon Tebb listed her downtown Toronto loft for sale … Read more

GDP drop stokes recession fears – will it cause a housing crash?

“That is not what we are seeing right now. When you look at the economy, job creation is continuing, household finances remain strong, consumers are spending, and businesses are growing.” Still, Americans are growing weary. According to a Conference Board press release, “Consumer pessimism about future business conditions, moderating labor market conditions, falling stock prices, … Read more