Best places to buy home abroad
Best places to buy home abroad
Posted 3 weeks ago

Ever thought of buying a pad in Paris, Amsterdam or Venice? As Europe pulls out of the recession and global markets expand, the idea of owning a bolthole in a glamorous continental city looks very alluring. While prices linger in the post-recession doldrums, agents are suggesting that now is the…

Best places to buy home abroad
Increasing home prices reduce home affordability
Increasing home prices reduce home affordability
Posted 3 weeks ago

Nationwide housing affordability dipped in the second quarter of 2014 as several markets saw a firming of home prices, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. In all, 62.6 percent of new and existing homes sold between the beginning of April and…

Increasing home prices reduce home affordability
Chinese buying spree for US homes
Chinese buying spree for US homes
Posted 3 weeks ago

Chinese buyers are now the biggest international players in the U.S. housing market and some states are seeing billions of dollars in real estate deals as a result. More than half of the $22 billion Chinese buyers spent on U.S. homes during the 12 months ended in March was spent…

Chinese buying spree for US homes
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Best places to buy home abroad

by Property Management Software on August 15, 2014

Buy homes abroad

Buy home abroad

Ever thought of buying a pad in Paris, Amsterdam or Venice? As Europe pulls out of the recession and global markets expand, the idea of owning a bolthole in a glamorous continental city looks very alluring.

While prices linger in the post-recession doldrums, agents are suggesting that now is the time to buy.

“Across the globe young, footloose, creative people are escaping the suburbs and moving to urban centres,” says Yolande Barnes, head of global research at Savills, in its latest 12 Cities report.

We are drawn, like never before, to the hubbub of cafés and bars, the vibe of mixed communities, cross-cultural influences and world-class architectural settings.

Six years on from the economic crisis, the worst is over and the price drops have stopped, says Knight Frank in its European Cities Review 2014. But it predicts that cities such as London and Monaco now seem so prohibitively expensive that investors will start to look at “second tier” cities (for instance, Florence rather than Rome) to find affordability and better prospects of capital growth, sweetened with a lovely lifestyle.

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Increasing home prices reduce home affordability

by Property Management Software on August 15, 2014

Reducing Home Affordability

Reducing Home Affordability

Nationwide housing affordability dipped in the second quarter of 2014 as several markets saw a firming of home prices, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today.

In all, 62.6 percent of new and existing homes sold between the beginning of April and the end of June were affordable to families earning the U.S. median income of $63,900. This is down from the 65.5 percent of homes sold that were affordable to median-income earners in the first quarter.

The national median home price increased from $195,000 in the first quarter to $214,000 in the second quarter. Meanwhile, average mortgage interest rates decreased from 4.57 percent to 4.44 percent in the same period.

“With interest rates near historically low levels and strengthening job growth, now continues to be a great opportunity to buy a home,” said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del.

“The second quarter HOI reflects the slow but steady march toward the historic levels of price appreciation and interest rates that result in affordability levels we experienced before the mid-2000s boom,” said NAHB Chief Economist David Crowe. “While we are seeing a slight decrease in affordability, it is still fairly high by historical standards.”

What are the most affordable housing markets? CLICK HERE

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Chinese buying spree for US homes

August 14, 2014

Chinese buyers are now the biggest international players in the U.S. housing market and some states are seeing billions of dollars in real estate deals as a result. More than half of the $22 billion Chinese buyers spent on U.S. homes during the 12 months ended in March was spent in California, Washington and New […]

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How to make million dollars in real estate

August 14, 2014

Building wealth from real estate is not as simple a feat as the get-rich gurus would have you think. And today, with home prices up 28% since 2011 and all-cash investors crowding out buyers who have to borrow, getting a foothold may seem especially daunting. But as a landlord, here’s what’s working in your favor: […]

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Mortgage activity drops further this summer

August 14, 2014

Mortgage applications continue to falter despite lower mortgage rates and far less dramatic home price gains than a year ago. Last week, total application volume fell 2.7 percent from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Applications to refinance were down 4 percent. They had risen slightly in […]

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Are you experiencing a home inventory shortage

August 14, 2014

The number of homes listed for sale nationally is finally beginning to rise, but ask anyone looking to buy a home and the majority will complain there is nothing out there. Neighborhood to neighborhood, market to market, supply still seems tight, despite a 6.5 percent increase in listings from a year ago, according to the […]

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Generate lucrative rental income as a landlord

August 14, 2014

One of the biggest barriers to a robust recovery in the housing market is a lack of supply. There are simply not enough homes listed for sale to meet the demand—and part of that is because a growing number of home buyers are not selling their previous homes. “As people are starting to move, they’re […]

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How can you lower your home insurance rates

August 14, 2014

If your home sits by the ocean, atop a fire-prone canyon or even in a not-so-nice neighborhood, you probably know you’re paying more for homeowners insurance, but something even closer to home may be driving your monthly payments higher: your personal credit score. Lower credit scores are widely known to impact mortgage availability and rates, […]

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Top places to retire overseas

July 10, 2014

Retiring abroad doesn’t have to be an adventure. In fact, in some popular retiree havens, you can get by just fine without learning the local language and you can have dinner every night with other American expats. You may have to wait longer for Internet service and travel a little farther to find a good […]

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Top 10 college towns to retire to

July 10, 2014

Our top ten towns offer intellectual sizzle, cultural spice and plenty of team spirit. Remember when you went off to college for the first time? You were excited, eager for challenges and psyched to try something new. Retire to a college town and you can re-create that horizon-broadening experience and sense of adventure. In these […]

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