Category: housing
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Stocks Lose Steam as US Housing Data Disappoint: Markets Wrap
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(Bloomberg) — Stocks lost ground at the end of a strong week after a disappointing reading on the housing market, as traders awaited data on U.S. consumer sentiment. Most Read from Bloomberg Stocks fell in early trading in New York, with the S&P 500 set to end a six-day winning…
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Housing market outlook: A market revival isn’t coming soon
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Low mortgage rates should improve our situation. Housing statusIn theory, that might be true. But where mortgage rates are now, and where they are expected to be in the next year or so, isn’t enough to make that happen, according to Capital Economics. Concern about a possible recession and Slow…
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Housing purchase tax cut approved for new immigrants
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The Knesset Finance Committee today approved an amendment to the real estate tax system regarding benefits for new immigrants who purchase real estate in Israel. The Knesset Finance Committee today approved an amendment to the real estate tax regulations regarding the benefits that new immigrants receive when purchasing real estate…
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Israelis flee Tel Aviv for more affordable housing
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Moving to Tel Aviv and living in the big city is often a stage in the lives of many young people. As the economic center of Israel, it is clear why Tel Aviv is a magnet for young people from all over the country. However, new data reveals that in…
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Housing sales in Israel up 37%
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The Central Bureau of Statistics reports that 22,610 housing transactions were recorded between March and May 2024, an increase of 37% over the same period in 2023 and an increase of 2.7% over the previous three months. An exceptionally high 47.4% of the homes sold were new homes, and 20%…
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Haifa leads housing price rises
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Housing prices in Haifa have risen 7.5 percent since the start of the war, the area with the highest price increases in Israel, according to the latest data from the Central Bureau of Statistics. The area includes Haifa itself as well as the villages of Krayot, Nesher, Tirah HaCarmel and…
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Haifa leads housing price rises
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Housing prices in Haifa have risen 7.5 percent since the start of the war, the area with the highest price increases in Israel, according to the latest data from the Central Bureau of Statistics. The area includes Haifa itself as well as the villages of Krayot, Nesher, Tirah HaCarmel and…
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June CPI up 0.1% as housing prices jump again
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Israel’s consumer price index rose 0.1% in June, in line with expectations. In the 12 months to the end of June 2024, the inflation rate rose slightly to 2.9% from 2.8% at the end of May, according to figures released by the Central Bureau of Statistics today. Inflation thus remains…
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Why court declined to temporarily suspend the housing levy
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The Supreme Court declined to temporarily suspend parts of the Affordable Housing Act, including the collection of the housing tax, saying the public interest favored allowing the law to run until the petitions were decided. A three-judge panel said laws enacted by parliament have a presumption of constitutionality and the…
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Investors returning to Israel’s housing market
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May 2024 saw the highest number of home purchases by investors since the purchase tax for owners of multiple residences (two or more homes) was raised. For the first time since 2022, investors are buying more homes than they are selling, according to a survey of residential real estate activity…
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New Chancellor Rachel Reeves Announces Mandatory Housing Targets ‘To Get Britain Building Again’
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In a crucial move to tackle the UK’s housing crisis, Rachel Reeves, the UK’s first female Chancellor of the Exchequer, has announced a series of ambitious measures aimed at revitalising the housing sector. In her inaugural speech as Chance…
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Landlords are on edge over the housing market’s insurance shock
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The housing world doesn’t need another problem, but it has one: insurance. The insurance landscape is changing, and property insurance companies are either capping the number of policies they write, are more stringent in underwriting, refuse to write new policies altogether, are fleeing altogether, or are raising interest rates. California…
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Housing starts in Canada hit highest level in seven months
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Article content Housing starts in Canada jumped to their highest level in seven months, as the country’s two largest provinces ramped up construction of apartments, townhomes and condominiums. Builders began work on 264,506 units annually in May, it said Data released on Monday By Canada Mortgage and Housing Corporation. That…
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War pushes up housing prices in Israel
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The housing price index published by the Central Bureau of Statistics rose by 3.6% between November 2023 and March 2024 after falling by 2.5% in the previous ten months. The average price of an apartment in Israel in the first quarter of 2024 reached 2.23 million shekels, after the market…
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Investing in the Canadian housing market: 5 things to consider
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Breadcrumb links Business basics Learn how to familiarize yourself with the basics of real estate while signing up for helpful investment tools Published on June 06, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Image…
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Housing market crisis: Landlords and investors in the rental space are thriving, top real estate leader says
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It’s no secret that we’re in the midst of an affordability crisis in the housing world. Things have not been the same since the beginning of the pandemic; House prices high and Mortgage rates Also high. For some, the idea of owning a home has become more distant, if not…
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Housing crisis: Top real estate economist calls the housing market unaffordable
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If there was one word to succinctly describe the world of housing right now, what would it be – perhaps unaffordable? That’s what it looks like for Redfin’s chief economist, Chen Zhao, who said earlier this week: “Affordability is actually the story in the housing market right now.” in Interview…
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US consumer confidence and housing in focus today
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The US is back from vacation today, and this should put the forex market at full capacity after a period of low trading volumes. This means we could see some bigger flow-driven moves today, especially as we approach the end of the month. Volatility can also rise if there is…
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Housing inflation remains the big question but answers are tough
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There are those who say housing inflation in the United States is a problem that will never go away. Below is a recent chart from Apollo, highlighting the rise in US home prices as well as rent. Does anyone else see a problem here? Granted, the rental numbers and equivalent…
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Housing market outlook: Buyers are gaining the upper hand
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The U.S. housing market is now tilted in favor of buyers, who are resisting the higher home prices demanded by sellers, according to Robert Rifkin, co-founder and CEO of Compass. Tell CNBC on Wednesday 30% of inventory on the market has seen price declines, more than at any time in…