Tag: property agent

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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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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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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…