The major county in America where home prices just dropped the most is …

The major county in America where home prices just dropped the most is …

Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some relief — at least in some spots. “Home price appreciation has slowed dramatically in most markets, and there … Read more

Apprentices put their skills to the test

Apprentices put their skills to the test

Brendan Rees | September 28th, 2022 Twenty-one automotive apprentices at the Bendigo Kangan Institute’s Docklands campus have battled it out in the hope of claiming a spot in the coveted WorldSkills Australia competition. Competing individually, the competition is designed to test their technical and professional skills under pressure, just like they would repair a vehicle … Read more

Rental market prices Australia: Greens renew push for two-year rent freeze, saying it would say millions $3000

Rental market prices Australia: Greens renew push for two-year rent freeze, saying it would say millions 00

The Greens have doubled down on a push to freeze rents for two years to allow incomes to catch up to surging costs. Parliamentary Library analysis, released by the political party this week, indicated renters across the country combined would be $7.1 billion better off if rents had been frozen over the past 12 months. … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

US will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

US will turn into a buyers’ housing marke in 2023, most experts say.  Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the US housing market will shift … Read more

Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

If they own stocks or bonds, they might not want to sell with both markets crashing simultaneously. Or they may be out of options altogether and their home is their only valuable resource left. That’s when a home equity conversion mortgage comes into play. Most people think of reverse mortgages, as they’re commonly called, as … Read more

China’s Local Governments Are Spending Millions on the Metaverse

China’s Local Governments Are Spending Millions on the Metaverse

Local authorities across China are rolling out a series of subsidies and initiatives to attract metaverse-related businesses and talent, betting on the prospects of the emerging trend creating a global buzz. At least six provincial governments as well as local authorities in 10 cities — including Beijing, Shanghai, and Chongqing — have issued either development … Read more

Mortgage rates march toward 7%, reaching highest level since 2007

Mortgage rates march toward 7%, reaching highest level since 2007

The numbers: Mortgage rates continue to march toward 7%, putting pressure on people looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29, according to data released by Freddie Mac FMCC, -2.71% on Thursday. Mortgage rates are rising as the Federal Reserve pushes up key interest rates to fight the … Read more

10 Markets Where Sellers Are Cutting Home Prices the Most

10 Markets Where Sellers Are Cutting Home Prices the Most

Textsize The share of home listings with price reductions in September was 19.5%, up from 11% the previous September. Allison Dinner/Getty Images Sellers reduced their asking prices on roughly one in five US home listings in September, according to data released today. The price cuts come as higher mortgage rates increase the cost of financing … Read more

Why London will be hardest hit by the mortgage crisis

Why London will be hardest hit by the mortgage crisis

At the start of 2009, monthly mortgage payments on an average UK home were equivalent to 39.9pc of a median full-time salary, according to Capital Economics. In London, the share at the time was lower, at 38.1pc. But then London house prices began to recover much more quickly than the rest of the UK – … Read more