A Lot of San Francisco Home Sellers Lose Money. Here’s How to Avoid That Fate.
The shift to a buyers’ market in the city has hit sellers’ bottom lines, but homeowners can take steps to limit their losses San Francisco residents have been pummeled by negative news about empty offices, layoffs and crime—realities that have no doubt affected home sellers’ bottom lines. Indeed, a report in September placed the city […]
5 Tips to Get Started Investing in Commercial Real Estate
When it comes to investing your hard-earned money into commercial real estate, there are a few things that you need to be aware of to give you the most likelihood for successful investments. The following tips are in order of priority, and you’ll notice that location isn’t even in the top three! 1) Think Long […]
Mortgage demand jumps to six-week high as interest rates continue to drop
KEY POINTS Mortgage demand jumps to six-week high Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming […]
Toronto developers delay launch of about 14,000 new condos as sales dive
Toronto developers have delayed launching almost 14,000 condo units this year, as demand has waned because of higher borrowing costs and economic uncertainty. Sales of preconstruction condos have slowed significantly this year as interest rates have climbed, pushing up costs for both buyers and builders. Developers had been expected to launch at least 27,000 units […]
California homes now unaffordable for 85% of buyers, yet Peninsula still sees ‘over-asking’ sales
By Silicon Valley Association of Realtors / Contributor Despite record-high mortgage interest rates and increasing home prices, demand for homes remains strong on the Midpeninsula. Photo courtesy Getty Images. High mortgage interest rates and rising home prices have led to a continued decline in California home sales compared to 2022, and local Realtors don’t expect […]
Most $1 million+ mortgages are in these California and New York cities
By now, most prospective homeowners know how expensive it has become to finance a home. The typical 30-year conventional mortgage rate is 7.50% in November 2023, according to Freddie Mac data, 4 percentage points higher than just two years ago. And along with higher rates, home prices are still climbing as housing supply remains constrained. […]
Toronto housing bubble: Is it ready to pop?
Toronto’s surging housing market faces uncertainty. Learn about soaring prices, economic factors and the future of affordable home ownership. The Toronto real estate market has experienced remarkable growth over the past two decades. The average home price in Toronto surged by a staggering 489% from 2000 to 2022, according to the Toronto Real Estate Board […]
Global investors sensing opportunity in Canada’s housing shortage: Colliers
Multi-family properties emerging as top investor favourite in 2024 Canada’s housing shortage is starting to draw the attention of global investors who are likely to favour Canadian multi-family properties in 2024, a major real estate investment management firm says. Colliers’ Global Investment Outlook Report for 2024 is predicting that, as Canada’s high level of inward migration increases […]
Average long-term U.S. mortgage rate falls to 7.29% in fourth straight weekly drop
The latest decline brought the average rate on a 30-year mortgage down to 7.29% from 7.44% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.58%. Despite the recent pullback, the average rate on a 30-year home loan is still sharply higher than just two years ago, when it was […]
