First-time buyers made up 48% of house hunters in London this year, data shows | Housing market
Almost half of all home buyers in London earlier this year were first-time buyers, according to figures from major estate agents, as cheaper mortgages slowed the exodus from the capital. A Hamptons analysis of data from Countrywide Real Estate agents found that 48% of buyers in the city between January and June were first-time homebuyers. […]
Interest rate cut fuels immediate upturn in UK property market | Housing market
The Bank of England’s first interest rate cut in four years sparked an immediate boost in Britain’s property market, with lower mortgage rates stimulating buyer interest and driving up house prices. Data from property website Rightmove showed that the number of potential buyers enquiring with estate agents about homes for sale since August 1 has […]
Massive housing market changes are coming — here’s how you could be affected
Changes from a landmark settlement affecting brokerage fees by the nation’s largest real estate trade association take effect this weekend and could create a more complicated and uncertain buying process for consumers, according to industry experts. Phil Crescenzo Jr., vice president of the southeast region for Nation One Mortgage, told FOX Business that the changes, […]
Kamala Harris Offers Housing Subsidies Plus More Migration and Regulation
Currently on the campaign trail, Kamala Harris is proposing to provide subsidies to young home buyers who are being shut out of the housing market because of her support for mass immigration, both legal and illegal. “She creates a problem and then proposes to solve it … like a company that sells both cigarettes and […]
CNN Guest Says Kamala Harris Housing Proposal ‘Just Added $25,000’ To Price Of ‘Every Home’ In America
Matt Gorman, a former aide to South Carolina Republican Sen. Tim Scott, warned during a Friday appearance on CNN that sellers will likely add to the price of their home the down payment assistance proposed by Vice President Kamala Harris. Harris Suggested Offering up to $25,000 in down payment assistance to first-time homebuyers on Friday […]
US single-family housing starts dented by Hurricane Beryl, higher mortgage rates
Erin Sykes, chief economist at Nest Seekers International, weighs in on “The Bottom Line” as high interest rates continue to hurt the housing market. U.S. single-family home construction fell to its lowest level in a year and a half in July, partly due to the disruption to housing activity caused by Hurricane Beryl, but an […]
Housing Starts Unexpectedly Plunged In July
Homebuilders backed away from new homebuilding and construction plans in July, threatening to worsen home affordability in the United States. The Census Bureau said Friday that the pace of new project starts fell 6.8% to a seasonally adjusted annual rate of 1.238 million. Economists had been expecting a pace of 1.342 million. The number of […]
Housing Supply Booms in Argentina Since Javier Milei Cut Rent Control Law
One of the first acts of liberal President Javier Milley after winning Argentina’s presidential election last November was to repeal the country’s notoriously clumsy and counterproductive rent control. The results are in: rents are plummeting in Argentina as housing supply explodes. Rent control is a policy favored by leftists in the United States and Europe, […]
‘Rent is too damn high’: Rosen panned for Biden-aligned votes, high housing costs
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Harris housing plan includes construction of 3M units, $25K down payment support
According to a Harris-Waltz campaign official, Vice President Harris is expected to unveil a plan to lower housing costs and address the housing shortage through new home construction and down payment assistance for first-time homebuyers. Harris’ “urgent and comprehensive four-year plan” includes building 3 million new homes, providing tax incentives to homebuilders for building “starter […]