Tag: housing market
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Suburbs Where Homeowners Are Selling at a Loss: What This Means for Sellers
Market Snapshot: Profitable Selling for Most, but Not All Across many markets, home sellers are increasingly likely to walk away with a profit, a dynamic not seen in two decades. Yet this broadly optimistic picture hides pockets of risk. In particular, a handful of high-density suburbs are seeing buyers and sellers navigate tougher conditions, where…
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Suburbs Where Homeowners Sell at a Loss: Market Insight
Understanding the Trend: Suburbs Where Homeowners Sell at a Loss New market data shows that while many sellers are still enjoying gains, a subset of high-density suburbs continues to see properties move at a loss. In the latest quarterly figures, about 4.5% of homes that change hands in certain dense neighborhoods end up selling for…
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First-time Buyers Take on Record £82bn in ‘Mega Mortgages’ as Lending Rules Lounge
Record lending for first-time buyers challenges conventional wisdom on affordability First-time buyers in the UK took on a record £82 billion of new mortgages in a sign that demand for property remains robust even as lending policies flex under pressure. The growth is being fuelled by the so-called “mega mortgages,” loans that stretch well beyond…
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First-time Buyers Take on Record £82bn in Mega Mortgages as Rules Relax
Record Lending to First-Time Buyers Marks a Turning Point First-time buyers are borrowing a record amount to enter the housing market, with lenders approving around £82bn in new mortgages deemed ‘mega mortgages’ due to their high loan-to-income ratios. The surge comes as regulatory tinkering and market dynamics push lenders to stretch affordability tests in pursuit…
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November Home Sales in Canada Fall as Prices Dip and Buyers Sit on the Sidelines
November Market Snapshot Canada’s residential real estate market cooled noticeably in November, with both activity and prices retreating as sellers offered discounts to move properties. Real estate professionals reported a pullback in transactions as buyers remained cautious, signaling a shift in the late-year dynamic that has defined the market in recent months. What Slowed the…
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What Happened Tuesday: Key Mortgage and Housing News You Need to Know
What Happened Tuesday in Mortgage and Housing News Here’s your concise briefing on Tuesday’s top mortgage and housing headlines. If you’re shopping for a home, refinancing, or simply watching the market, this quick update covers what moved, what stayed the same, and what it could mean for your wallet. Mortgage Rate Changes On Tuesday, there…
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What Happened Monday: Mortgage Rates Unchanged and Market Highlights
Mortgage Rates Hold Steady on Monday Markets paused today as lenders kept mortgage rates unchanged for another session. For homebuyers and homeowners alike, this stability means a familiar landscape: predictable monthly payments for those locking in now or renewing in the near term. While rates didn’t move, it’s important to stay informed about the factors…
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What Happened Monday: Mortgage Rates Stagnate as Markets Weigh Inflation Signals
What happened Monday: A snapshot of mortgage rates and market signals If you’re in the middle of a home purchase, refinancing, or just keeping an eye on the market, Monday brought a familiar refrain: mortgage rates remained steady. While there was chatter about inflation, labor market data, and regional housing trends, the big headline for…
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Halifax landlord sees rent market returning to historical norms as vacancies tighten
Halifax landlord group reports a shift back to historical rental norms A prominent Halifax-based landlord with a substantial national footprint says the rental market is drifting back toward the historical norms that many tenants and observers have long understood. Killam Apartment REIT, which owns thousands of apartments across Canada, disclosed early indicators that rent increases,…
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What happened Wednesday: Key mortgage rate changes and market impact
What happened Wednesday in the mortgage market Here’s a concise update you can read before you head out or shut down for the evening: mortgage rates moved in notable ways on Wednesday as lenders adjusted to new data and policy signals. In particular, FMT announced a cut to its minimum mortgage lending rates, a move…