No Data
No Data
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.
Daily real estate industry update (2024-07-15)
In June, the sales prices of newly-built commodity residences in first-tier cities decreased by 0.5% compared to the previous month, with a decrease of 0.2 percentage points narrower than the previous month. Among them, Beijing, Guangzhou and Shenzhen decreased by 0.6%, 1.2% and 0.7%, respectively, while Shanghai increased by 0.4%. The sales prices of newly-built commodity residences in second-tier cities decreased by 0.7% month on month, which is the same as last month. The sales prices of newly-built commodity residences in third-tier cities decreased by 0.6% month on month, with a decrease of 0.2 percentage points narrower than the previous month.
Express News | CareTrust REIT Inc : Jefferies Raises Target Price to $29 From $28