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Property Millionaires on the Rise in Ireland in 2018

Property Millionaires on the Rise in Ireland in 2018

According to Daft.ie's 2018 Wealth Report, the number of homeowners in Ireland whose property is worth €1m or more - making them "property millionaires" - has surpassed 5,000. The total number of property millionaires now stands at 5,305, a change of 452 or 9% since June of this year. Read More »

Millennials Most Likely to Put Less Than 20 Percent Down Payment

Millennials Most Likely to Put Less Than 20 Percent Down Payment

According to new Zillow research, forty-three percent of U.S. homebuyers nationally put down 20 percent or more. Atlanta and Phoenix had the smallest share of buyers -- at just over 30 percent -- putting that much down. Read More »

Global Home Price Growth Slows to 2-Year Low Pace in Q3

Global Home Price Growth Slows to 2-Year Low Pace in Q3

According to International property consultant Knight Frank, the average value of residential property across 57 countries and territories worldwide increased by 4.9% in the year to September 2018, the index's lowest annual rate of growth for two years. Read More »

 U.S. Mortgage Rates Drop to 3 Month Low in December

U.S. Mortgage Rates Drop to 3 Month Low in December

According to Freddie Mac's latest Primary Mortgage Market Survey for the second week of December 2018, U.S. mortgage rates dropped significantly after several weeks of moderating. Read More »

Luxury Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated December 17, 2018 9:16 AM ET

Asia Pacific Real Estate News

681,455 refinance mortgages in the U.S. secured by residential property (1 to 4 units) were originated in the third quarter, down 15 percent from the previous quarter and down 21 percent from a year ago to the lowest level as far back as data is available -- Q1 2000.

According to the U.S. Department of Housing and Urban Development, sales of newly built, single-family homes in the U.S. fell to a seasonally adjusted annual rate of 544,000 units in October 2018, after an upwardly revised September report.

Zillow is reporting this week that rising residential rents across the U.S. are burdening financially limited renters, and contributing to higher rates of homelessness in many of the nation's least affordable housing markets.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 7, 2018, mortgage applications rose 1.6 percent from one week earlier.

Nearly three out of four American households believe that the nation is suffering a housing affordability crisis, and a majority of respondents reported this is a problem at their local and state level as well.

A handful of metro areas that spent the past year competing for Amazon's second headquarters - including Washington, D.C., one of the winners - are expected to see their home-value growth outpace the nation in the coming year.

According to CBRE, recentralization and a flight to quality are helping to drive an uptick in Brisbane's prime CBD office market, underpinned by record levels of investment in new development projects.

Based on a new report from the Mortgage Bankers Association, mortgage credit availability in the U.S. increased in November 2018, according to the Mortgage Credit Availability Index.

According to a new report from global real estate consultant JLL, Hong Kong's Central District has the world's most expensive rent for premium offices for the fourth year running.

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates dropped in early December 2018, after weeks of moderating. Mortgage rates declined this week amid a steep sell-off in U.S. stocks.

According to new market research from CBRE, strong market fundamentals are attracting a wide variety of investors to workforce housing, creating good returns and helping to preserve affordable accommodation in lower-income communities.

The Greater Las Vegas Association of Realtors are reporting this week that Southern Nevada home prices leveled off heading into the holidays, with more homes on the market and fewer properties changing hands.

According to Singapore-based real estate consulting firm Edmund Tie & Company, Singapore's private residential market was affected by the latest round of Government cooling measures, which was announced on July 5th, 2018 and took effect on July 6th.

For the week ending November 30, 2018, U.S. mortgage applications increased 2.0 percent from one week earlier. The results for the week ending November 23, 2018, included an adjustment for the Thanksgiving holiday.

According to ATTOM Data Solutions, nearly one in 10 U.S. homes sold so far in 2018 by the nation's two leading iBuyers -- Opendoor and Offerpad -- were purchased by institutional investor entities buying at least 10 homes.

According to a consumer survey released by the California Association of Realtors, despite affordability challenges, California renters continue to hold homeownership in high regard and aspire to purchase a home eventually.

According to Redfin, luxury home prices rose 3.2 percent year over year to an average of $1.7 million in the third quarter of 2018.

Orlando held steady in 2018 as the #2 destination of choice for Florida's international homebuyers. Nine percent of all of Florida's international homebuyers opted to purchase a property in Orlando.

According to JLL's Residential Sales Market Monitor released this week, the first day sell-through rates for newly launched mass residential projects (where over 80 units were launched in the first batch of sales) dropped significantly in October 2018.

According to the National Association of Realtors, pending home sales in the U.S. declined in October 2018 in all regions but the Northeast. The Pending Home Sales Index decreased 2.6 percent to 102.1 in October.

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