Tag: Overseas property owners

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The Most-Loved Interior Styles in Every State

Minimalism, traditional, and Victorian interior home styles appear to be losing some appeal in favor of the public’s rising appreciation for the industrial aesthetic. Industrial decor is now the most popular interior design style in the country, according to a new report from Joybird, a furniture company. The industrial look has a factory feel with a…

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Why Home Sales Are Falling Against a Strong Economy

Despite mortgage rates dipping below 4%, more jobs filled than ever before, and record-high consumer net worth, existing-home sales turned south in June, running at a pace similar to 2015 levels, the National Association of REALTORS® reported Tuesday. While economic indicators portend a strong housing market, low supply on the lower end—which leaves first-time home…

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Homebuilder sentiment ticks up slightly, as housing shortage intensifies

Builder confidence for single-family homes rises just one point, to 65, in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Sentiment is well below the July 2018 reading of 68. Anything above 50 is considered positive. Lower mortgage rates should be helping with affordability, but apparently that’s not enough. The…

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Investors Have Their Sights Set on Senior Housing

Investors are increasingly eyeing senior housing and plan to increase their buying within the sector over the next 12 months, according to the CBRE U.S. Seniors Housing & Care Investor Survey. Sixty-two percent of investors surveyed say they intend to increase the size of their portfolios with elderly living segments over the next year. “Senior housing…

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U.K. Luxury Country Home Sales in 2019 Muted by Brexit Uncertainty

According to global property advisor Knight Frank, sentiment is the key driver of activity in prime regional markets in the U.K.. Uncertainty surrounding the UK’s political landscape means discretionary buyers and sellers are cautious. Consequently, pricing has been subdued and stock levels are muted. Prime regional values were virtually unchanged in the three months to…

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Housing slump bleeds $10.6 billion from NSW government revenue

Waning buyer interest in new houses and falling home prices have bled NSW government coffers of an estimated $10.6 billion in lost stamp duty revenue. Research from the Housing Industry Association showed the state had based previous revenue estimates on a trend of higher stamp duty earnings but would have to “severely” downgrade the forecasts.…

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This Housing Trend May Radically Change Neighborhoods

Oregon is joining a growing movement to loosen up single-family zoning laws in order to ramp up homebuilding. While several cities have passed similar bills, Oregon could be the first to offer state-level legislation. Oregon’s House and Senate have passed a measure to require cities with more than 10,000 people to allow duplexes in areas…

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Brexit Uncertainty Still Impacting London’s Luxury Property Market

According to international real estate consultant Knight Frank, despite the unknown outcome of Brexit, underlying demand for London’s super-prime property remains resilient. Brexit-related uncertainty has curbed trading activity across all UK residential markets over the last 12 months. While London’s superprime (£10 million-plus, or $12.7m USD and higher) price bracket is no exception, it would…

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Pending Home Sales Fall, Marking the 16th Straight Month of Annual Declines

The numbers: Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, the National Association of Realtors said Thursday. The consensus Econoday forecast was for a 0.5% increase. What happened: NAR’s index, which tracks home-contract signings, has been volatile, but the trend is solidly downward. April marked the 16th-straight month…

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Sanctuary gets the go-ahead for 118 affordable homes in Aberdeen

Sanctuary has been granted planning permission to build 118 affordable homes in Aberdeen, Scotland Sanctuary Homes will build 72 flats and 46 houses for social rent on the site of the former fire station in North Anderson Drive. The £15m affordable homes development includes three wheelchair-accessible flats and an assisted living block, complete with warden flat.…

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Trump defends tariff strategy, China says ‘not afraid’ of trade war

WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations. The United States kicked off a tariff battle with China in 2018, seeking sweeping structural changes from…