Both Moscow and St. Petersburg luxury segments' Average Daily Revenue (ADR) crossed a threshold of RUB18K for the first time.
According to Realtors, an uptick in existing U.S. home sales in the final three months of 2017 pulled down housing inventory to an all-time low, while keeping home-price growth at its recent robust pace.
Based on Freddie Mac's latest Primary Mortgage Market Survey, showing the 30-year fixed mortgage rate hitting its highest mark since December 2016. The U.S. weekly average 30-year fixed mortgage rate rocketed up 10 basis points to 4.32 percent this week.
According to Ireland property website Daft.ie, searches for properties that qualify for the new government-backed mortgages surged by over 9% last week following the Government announcement of the scheme.
U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.
Pending home sales were up slightly in December 2017, for the third consecutive month, according to the National Association of Realtors. In 2018, existing-home sales and price growth are forecast to moderate.
According to the National Association of Realtors, existing U.S. home sales subsided in most of the country in December, but 2017 as a whole edged up 1.1 percent and ended up being the best year for sales in 11 years.
According to Zillow's December 2017 Real Estate Market Report, U.S. home shoppers looking to buy in 2018 will have 10 percent fewer homes to choose from than a year ago.
The National Association of Home Builders reported this past week their NAHB Remodeling Market Index posted a reading of 60 in the fourth quarter of 2017, up three points from the previous quarter and only the second time since 2001 the reading has reached 60.
According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts fell 8.2 percent in December 2017 to a seasonally adjusted annual rate of 1.19 million units after an upwardly revised November 2017 reading.
According to Freddie Mac's latest Primary Mortgage Market Survey for the first week of January 2018, the average mortgage rate dipped in the U.S. Treasury yields fell from a week ago, helping to drive mortgage rates down to start the year.
According to property portal Bayut, Al Reem Island is the most in-demand area among Abu Dhabi tenants this year with studios, 1-beds and 2-beds commanding AED 60k, 82k and 120k, respectively, (14% decline from 2016).
Home prices nationally increased year over year by 7 percent from November 2016 to November 2017, and on a month-over-month basis home prices increased by 1 percent in November 2017 compared with October 2017.
Single-family homes in November 2017 rose 17.5 percent to a seasonally adjusted annual rate of 733,000 units from a downwardly revised October reading. This is the highest sales pace since July 2007.
Despite steady job creation, record stock market gains and faster economic growth in recent months, new consumer findings surprisingly show that a smaller share of households believe that now is a good time to buy or sell a home.
The median down payment for single family homes and condos purchased with financing in the third quarter was $20,000.
The U.S. housing markets with the highest pre-mover indices during the third quarter of 2017 were Colorado Springs, Colorado; Manchester-Nashua, New Hampshire; Chicago, Illinois; Washington, D.C.; and Nashville, Tennessee.
The Greater Las Vegas Association of Realtors is reporting this week that local home prices continued to cool down heading into the holidays, though home prices and sales are still up from one year ago.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate inched lower in the U.S> in late November 2017. The 30-year fixed mortgage rate fell two basis points to 3.9 percent in this week's survey.