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Daily real estate industry dynamics summary (2024-07-18)
On July 17th, a customer manager at a branch of banks let the reporter know that the first-home loan interest rate of HSBC bank in Guangzhou is 3.1%. If the loan amount exceeds 2 million yuan and the qualification of the borrower meets the requirements, the first-home loan interest rate can be as low as 3.05%.
Good news for the US property market as mortgage rates continue to drop. The Federal Reserve may cut interest rates even earlier.
Last week, the mortgage interest rates in the USA dropped to the lowest level since March, which is a relief for potential homebuyers and the industry that seeks to stimulate demand.
House Prices up Year-on-year for Third Month in a Row in May
House prices increased year-on-year for the third month in a row in May, according to official figures.
Daily real estate industry news summary (2024-07-17)
Since the new real estate policy was introduced, housing loan rates have continued to hit bottom in various regions. The cancellation of the lower limit of the housing loan interest rate policy has resulted in different banks in some regions having different housing loan interest rates. Currently, the lowest housing loan interest rates in most regions have dropped to 3.5% or below. Industry insiders believe that housing loan interest rates are currently at historical lows, and the possibility of another cut in the third quarter of this year seems unlikely.
Home Equity Has Doubled in Seven Years for Americans. But How Do You Get at the Money?
Homes are the nation’s piggy bank. And they are worth a collective $32.8 trillion, as of early 2024, according to federal data. That’s up from $15.6 trillion in the first quarter of 2017.
Will Trump's victory stimulate the economy? Economists warn that it may trigger a large-scale refinancing boom and record home sales.
Several economists are trying to understand the potential effects of Trump's reelection in various areas such as interest rates, tax cuts, housing prices, and inflation.