PUBLISHED: 17:20 25 January 2019 Jessica Hill Ipswich Aerial. Picture: Ed Taylor r_e_d_r_o_c_k_e_t Archant The latest housing market figures for our county show house price rises in every Suffolk borough - but the result still vary wildly depending where you live. Between November 2017 and November 2018, in Suffolk Coastal area, which includes Felixstowe, Southwold and Aldeburgh, house prices went up 3.4% to an average price of £295,294. But Babergh saw a more miserly rise of just 0.1%. In Mid Suffolk, prices rose by 2.4%.When it comes to flats, however, the prices dropped by between 2.8% in Babergh to 0.3% in Mid Suffolk.The biggest property winners were those people owning terrace houses in Suffolk coastal, as they rose by 3.8%.Many potential first-time buyers are waiting to see how Brexit plays out before committing themselves to the property ladder and expect to see house prices drop, according to a new survey.Financial services provider … [Read more...] about What’s the housing market like in Suffolk?
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U.S. home sales fell hard in December, as in a 6.4-percent decline from November and a 10.3-percent drop from a year earlier, according to a monthly update Tuesday from the National Association of Realtors. Big shifts like that are rare and usually associated with the rollout of a government program. There weren’t any. Big drops can also signal an economic slowdown, although the evidence is still mixed on that front. “The latest decline is harder to explain. Perhaps it is the decline in consumer confidence that’s been occurring in the latter half of 2018,” said Lawrence Yun, chief economist for the NAR in a release. “The latest numbers do not reflect the lower, current mortgage rates compared to the November figures, so it’s really harder to explain.” But Lou Barnes, a senior loan officer at Premier Mortgage Group in Boulder and a Fed observer, has some theories, which he shared with agents from 8Z Real Estate, a Denver-based brokerage … [Read more...] about U.S. housing market took December hit, but “crazy spring” could make up for lost ground
Google avocado-toast restaurants, squeeze into some skinny jeans and be prepared to embrace any number of other clichés about millennials, home real estate pros. They’re going to be your prime customers in 2019. Speaking at the Denver Metro Association of Realtors economic summit a few weeks ago, Danielle Hale, chief economist for Realtor.com, said millennials are expected to make up 45 percent of all people who take out mortgages in the U.S. this year. Hale counts millennials as people between 15 and 35 years old. Gen-Xers will account for 37 percent of new mortgages and baby boomers 17 percent. Hale’s advice to real estate brokers when it comes to millennials: “You’re going to have to figure out how to talk to them and interact with them and get them over the hurdle of getting into the housing market.” What are those challenges? Jasmine Pulce, a 28-year-old doctoral student at the University of Denver who closed on her first home in October, … [Read more...] about Denver housing market: Millennials face major hurdles to becoming home buyers
Colorado Springs’ housing market will remain strong in 2019, but should strike a fairer balance between buyers and sellers, one local real estate expert says.Exceptionally tight inventories gave sellers the upper hand in 2017 and early 2018 — allowing them to select from multiple offers that often exceeded their asking price, especially if they listed a home for $300,000 and below, said Bruce Betts, broker/owner of Re/Max Advantage in the Springs.The fierce competition for limited numbers of homes in lower price ranges left many buyers disappointed and frustrated when their bids fell short, he said.The market, however, is poised for improvement. Prices still are headed up this year, perhaps by 5 percent, Betts said. The supply of homes also should rise in 2019, which will give buyers more choices and reduce — though not eliminate — the number of multiple offers for desirable properties.“Multiple offers under $300,000, we’re going to continue to see … [Read more...] about Colorado Springs housing market will remain strong in 2019, industry expert predicts
Gina Heeb, provided by Published 3:31 pm CST, Wednesday, January 16, 2019 Hong Kong was ranked the most expensive housing market in the world for eight consecutive years. But property values have fallen sharply in recent months. A slowing mainland economy, trade tensions, and rising interest rates have helped drag prices lower. One of the world's most expensive housing markets is facing a major slowdown. Analysts at HSBC dimmed their outlook for Hong Kong's real-estate market on Wednesday, according to a research note. Previously forecasting activity would plateau, they now estimate prices will fall from 10% to 15% over the next six months. "We expect the first half of 2019 to be a challenging period for the Hong Kong housing market," the analysts said. "Prices have already corrected 8% from the recent peak in August 2018 due to macro uncertainties and several events occurring in the property market that concerned investors." Hong Kong was ranked the most-expensive … [Read more...] about China’s economy is slowing, and it’s taking Hong Kong’s once-booming housing market down with it