Tag: housing market
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What Happened Wednesday: Key Mortgage Rate Moves and Market Signals
What happened Wednesday: A quick snapshot Wednesday delivered a notable shift in the housing and mortgage markets. A prominent lender, FMT, cut its minimum mortgage lending rates, signaling a broader push to make home loans more affordable in a time of shifting interest-rate expectations. For homebuyers, homeowners reconsidering refi options, and real estate watchers, the…
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What Happened Wednesday: Mortgage Rates Dip After FMT Cuts Minimum Lending Rates
Overview Here’s what you need to know before you clock out today: Mortgage rates moved lower on Wednesday after FMT announced a cut to its minimum mortgage lending rates. The move could affect monthly payments for new borrowers and those looking to refinance. If you’re in the market for a home or evaluating your current…
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Canada housing market recovery; buyers remain cautious
Canada’s Housing Market Edges Toward Recovery Canada’s housing market is showing early signs of recovery after a slow spring, with October data suggesting buyers are re-entering the market, albeit conservatively. Real estate figures released this week point to higher sales in October compared with September, hinting that demand is stabilizing as mortgage conditions ease slightly…
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Canadian Home Sales Rise as Rate Cuts Draw More Buyers
Canada’s Housing Market Gets a Lift as Rates Drop Canadian home sales have shown resilience, climbing for six of the past seven months as declines in borrowing costs entice buyers off the sidelines. In October, national activity rose 0.9% from September, signaling a cautious recovery in a market that has been sensitive to interest-rate movements…
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New Zealand’s October housing market stabilises, REINZ reports
Market stabilisation signals a steady spring for NZ homes The housing market in New Zealand appears to have started the summer on a steadier footing, according to the Real Estate Institute of New Zealand (REINZ). In October, around 7,505 residential property sales were recorded across the country, marking a meaningful pickup from September as buyers…
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Britain’s biggest housebuilder urges government to back first-time buyers
Industry calls grow louder as market cools Britain’s housing market has slowed in recent months, and the leadership of one of the country’s largest housebuilders has stepped forward with a pointed request. Jennie Daly, chief executive of the developer, said the government must implement renewed support for first-time buyers to shore up demand and stabilise…
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Britain’s Biggest Housebuilder Urges Government to Back First-Time Buyers
Context: A Cooling Market in a Shadow of the Budget The sale of new homes has cooled in Britain, a trend many industry leaders attribute to the looming budget and the broader economic climate. Jennie Daly, chief executive of one of the country’s largest housebuilders, says the sector needs targeted government support for first-time buyers…
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Reeves Unveils Middle-Class Home Tax to Shore Up Public Finances
Overview of the Proposal Chancellor Rachel Reeves is preparing to present a new levy targeting middle-class homeowners as part of the upcoming Budget. The aim, officials say, is to raise significant revenue to help shore up the country’s finances while spreading the burden in a way that reflects recent economic realities. While official figures have…
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Tax on Middle-Class Homes: Reeves’ Plan to Raise Billions
Overview: A new levy aimed at middle-class homeowners Chancellor Rachel Reeves is reportedly preparing a new levy as part of the upcoming Budget, aiming to raise a substantial sum to shore up the nation’s finances. The proposed measure centers on high-value mid-market homes and is slated to contribute to a broader plan to shore up…
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Reeves’s UK property tax changes could reshape the housing market
Introduction: What’s at stake for UK housing? With the political spotlight on housing policy, Deputy Prime Minister and former chancellor candidate Rachel Reeves has signaled a potential reshaping of UK property taxes. Among the proposals circulating in policy circles is the expansion of capital gains tax (CGT) to apply to main residences, along with other…