Tag: Property Market

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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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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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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…