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Two regions set record high house prices as median values rise across New Zealand

Median house prices increased by 9.4% across New Zealand year on year in January to $490,000 with two regions recording record high values, the latest index shows. Two of 12 regions in New Zealand saw record prices with Hawke’s Bay up 16% to $366,000, and Nelson/Marlborough up 25% to $470,000, according to the figures from […] The post Two regions set record high house prices as median values rise across New Zealand appeared first on PropertyWire . Continue reading

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Analysis shows US housing market saw strong sales and price growth in 2016

Housing supply reached a record low in the United States at the end of 2016 as the best quarterly sales of the year caused price growth to speed up, the latest index shows. Overall prices in over half of the markets measured by the National Association of Realtor’s index were at or above their previous […] The post Analysis shows US housing market saw strong sales and price growth in 2016 appeared first on PropertyWire . Continue reading

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Home repossessions and arrears in UK fell in 2016, latest data shows

The number of properties in the UK repossessed last year fell by almost 25% with the housing market experiencing a clear downward trend in arrears. The new data from the Council of Mortgage Lenders (CML) shows that last year’s total of 7,700 cases of possession compared with 10,200 in 2015, and was the lowest number […] The post Home repossessions and arrears in UK fell in 2016, latest data shows appeared first on PropertyWire . Continue reading

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