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Higher borrowing hits US property market with sales down in November
Pending home sales in the United States dipped in November to their lowest level in nearly a year with buyers put off by higher mortgage rates and not enough inventory, the latest analysis suggests. Only the Northeast saw monthly and annual sales gains last month with the pending home sales index from the National Association […] The post Higher borrowing hits US property market with sales down in November appeared first on PropertyWire . Continue reading →
Demand keeping prime markets in the East of London more buoyant than in central areas
Proximity to the London’s main financial districts is driving demand for prime property in the East of the city, particularly Canary Wharf and Wapping which are becoming sought after by prime property buyers. People who work in the area also want to live there and developers have sought to meet this demand with a number […] The post Demand keeping prime markets in the East of London more buoyant than in central areas appeared first on PropertyWire . Continue reading →
US real estate prices growing at fastest annual pace since 2006
National prices across the United States increased at their fastest annual pace since 2006, near the peak of the housing bubble, the latest index data shows. Home values are 6.5% higher than in November 2015, according to the Zillow Home Value Index which reached $192,500, just 2% short of the records set in 2007. However, […] The post US real estate prices growing at fastest annual pace since 2006 appeared first on PropertyWire . Continue reading →