Real Estate

Real estate developers are facing high material costs, labor shortage, 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.

Many Americans are ‘growing accustomed to the idea’ of rates never going back down to pandemic lows, the Redfin report states.

Fourteen percent of all metro areas saw double-digit price increases.

Texas is leading the nation with nearly 22,000 new housing units under construction.

Experts say the commission rule changes have made real estate fees more negotiable, increasing pressure on agents.

The sector has been flagged by a government council as a key financial risk facing the nation.

Others say that 2025 won’t favor renters, as growing demand for housing is driving up rental costs in cities such as San Francisco, Seattle, and Portland.

The complex includes eight three-bedroom houses and comes with its own café and bar, and can be yours for less than the price of two average houses in Sydney.

Sales are expected to see a ‘slight gain’ this year amid strong macroeconomic conditions, according to a real estate expert.­