Real Estate

Housing starts jumped by more than 11 percent on a monthly basis in February, suggesting robust construction activity.

The deal is expected to close in the second or third quarter of this year.

The sector is a key concern for financial stability, according to a Treasury council.

Some parts of the United States have now become ‘fully fledged buyer’s markets,’ an economist says.

The Property Council says many Australian cities are heading for a rental crisis, while landlords in New Zealand’s largest city are offering sign-up incentives.

Some home buyers are paying up to half the cost of a house and land package in government taxes and fees, as high charges add to the housing crisis.

Delaware had the highest foreclosure rate in the country, followed by Illinois and Nevada.

‘I think sellers are also adjusting expectations as buyers become more price conscious,’ the president of the MetroTex Association of Realtors said.

Real estate developers are facing high material costs, labor shortages, credit issues, and other headwinds.

Observers believe that the deflation shadow is unlikely to dissipate for China, especially against the backdrop of a burgeoning trade war with Washington.

Mortgage rates are at the lowest level of the year.

While sales are expected to rebound this month, high mortgage rates will limit the upside potential for buying activity in 2025, said an economist.

‘This year, we’re predicting more moderate price gains, as we’re starting to see more inventory come onto the market,’ one expert said.

Four of the top five metros with the highest share of such home purchases last year were in Florida.

The Realtor report found that it was less expensive to rent a median 0–2 bedroom unit than to buy a median home.

A typical home sold in January sat on the market a week longer than a year ago, data show.

Texas saw the highest number of foreclosure starts, followed by California, Florida, Illinois, and New York.

Banks will be told to exclude the HECS debt from serviceability checks.

Dutton stresses the RBA needed to base its decisions on economic factors, not external pressure, ahead of the Feb. 18 meeting.