Tag: The real estate

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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.…