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After 3 Months of Declines, U.S. Home Sales Uptick in September

After 3 Months of Declines, U.S. Home Sales Uptick in September

After three straight monthly declines, existing-home sales in the U.S. slightly reversed course in September 2017, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis. Read More »


U.S. Remodeling Index Continues to Rise in 3Q

U.S. Remodeling Index Continues to Rise in 3Q

The National Association of Home Builders is reporting this week that their Remodeling Market Index posted a reading of 57 in the third quarter of 2017, up two points from the previous quarter. Read More »

Mortgage Rates Tick Down in U.S.

Mortgage Rates Tick Down in U.S.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. ticked down this week. Rates came down slightly this week, ending a brief, two-week streak of increases. Read More »

Almost $1 Trillion of American Homes at Risk From Rising Seas This Century

Almost $1 Trillion of American Homes at Risk From Rising Seas This Century

According to new research by Zillow, rising sea levels are expected to impact $916 billion worth of U.S homes in the next 100 years, most of which are low-end or median-value homes. Read More »


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Luxury Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »


Regional Residential Real Estate News

Last Updated October 23, 2017 8:20 AM ET

North America

After three straight monthly declines, existing-home sales in the U.S. slightly reversed course in September 2017, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis.

The National Association of Home Builders is reporting this week that their Remodeling Market Index posted a reading of 57 in the third quarter of 2017, up two points from the previous quarter.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. ticked down this week. Rates came down slightly this week, ending a brief, two-week streak of increases.

According to new research by Zillow, rising sea levels are expected to impact $916 billion worth of U.S homes in the next 100 years, most of which are low-end or median-value homes.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.

With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018

Last Updated January 10, 2017 8:07 AM ET

Latin America

According to InternationalLiving.com's recently released 2017 Global Retirement Index, the top retirement destination in the world this year now goes to Mexico.

According to InternationalLiving.com's 2017 Global Retirement Index, Mexico gets top marks as the best place to retire based on cost of living, retiree benefits, climate, healthcare, and more.

According to InternationalLiving.com, there has been a 160% surge in online searches for terms like "move overseas" and "expats overseas" post Trump election victory this week.

U.S. home builders just completed four days of talks with Chilean government, trade and industry officials that are geared toward increasing exports of softwood lumber and other wood products to America.

Economic growth has significantly moderated in Latin America's leading economies of Brazil, Mexico, Colombia, Peru and Chile.

In Cuba, 220 miles south of Miami, real estate is considered hotter than any other commodity on the world market today.

Last Updated August 11, 2017 9:00 AM ET

Europe

It's turning out that 2017 is becoming a very good year for Spain's property market, as JLL is now forecasting this year will be the eighth consecutive year of foreign buyer property growth.

According to the latest quarterly Rental Price Report by Ireland property website Daft.ie, residential rents in Ireland rose nationwide by an average of 13.4% in the year to March 2017.

According to the latest annual Knight Frank Wealth Report, London has beaten New York as the most important global city for ultra-high net worth individuals (UHNWIs) in 2017.

According to the latest quarterly Rental Report by Daft.ie, residential rents in Ireland rose nationwide by an average of 13.5% in the year to December 2016.

According to the latest Ireland House Price Report released by Daft.ie this week, home prices in Ireland rose by an average of 8% during 2016. The rate of inflation in Dublin was 5.1%, below the national average.

According to Ireland property website Daft.ie, the bulk of new properties currently available that qualify for the Governments first-time buyers scheme are located in Dublin and Dublin's commuter counties.

Last Updated July 18, 2017 9:00 AM ET

Asia Pacific

Macau's gaming revenue recorded y-o-y growth for the 11th month in a row, driving A residential property market rebounded amid the robust primary sales, leading to strong price growth in some of the residential projects.

According to JLL's latest white paper - Up, Up and Away: The Rise and Rise of Hong Kong's Residential Market, JLL expects Hong Kong's housing prices to grow 15% in the coming 30 months given strong demand from owner-occupiers

Small-to-medium sized developers in Hong Kong are likely to lose their competitiveness in land market.

According to JLL's latest Land and Residential Market Review, Hong Kong residential prices are now as much as 75.9% higher than the market peak in 1997 after the city was handed back to China twenty years ago.

Hong Kong Monetary Authority's (HKMA) two-way squeeze to control an overheating property market is unlikely to have any material effect on still-upbeat sentiment for residential properties in Hong Kong.

The new measure imposing the 15% stamp duty on all residential transactions in Hong Kong involving first-time buyers purchasing multiple properties under a single instrument is unlikely to have a significant impact to market dynamics.

Last Updated September 7, 2017 8:09 AM ET

Middle East and Africa Pacific

According to the latest property report from Cluttons, as the UAE government pioneers fiscal adjustment in the region in response to declining oil prices, milestones such as Expo 2020 and the introduction of VAT will play a key role in boosting the country's property market.

According to the National Association of Realtors, existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high.

Weakening economic conditions, tapering off in demand for oil and gas, and an increase in real estate supply has led to increased pressure on the Bahrain real estate industry.

According to international real estate consultant Cluttons, values across Dubai's freehold residential areas slid by 8.8% in 2016, largely in line with Cluttons' original forecast for the year of -10%.

There is a change in ultra high net worth individuals (UHNWI) property investment patterns, driven by political uncertainty, cooling measures and barriers affect traditional markets.

According to international real estate consultancy Cluttons, the current 'wait and see' attitude that has been adopted by potential buyers in Abu Dhabi is a direct result of wider global economic trends.

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