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Search for home in Ontario real estate market ‘humbling’ for first-time buyers
This article is the second in Global News’ Spring Housing Buzz series, where we will investigate a number of different areas related to the spring real estate market in Ontario. You can read Part 1 here. First-time homebuyers Onairy and Joseph Baiya love their three-bedroom townhouse in Whitby, Ont., since it has what they need at a six-figure price range they could afford. Despite Joseph adding a daily commute to Toronto for work, he got the basement he wanted, while Onairy got the extra space to entertain friends and prepare for a bigger family. The accountant and the office supervisor, who’ve been married three years now, had been renting a…
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Invitation Homes’ year-end results may signal what’s ahead for the rental home market
The residential real estate market’s post-pandemic glow is ebbing. Beyond last year’s tough interest rate environment, suppressed home sales and shrunken multifamily construction, the rapid-fire demand for build-to-rent and single-family rental homes, popular among consumers and investors in recent years, appears to be ticking down. John Olsen, chief financial officer of Dallas-based Invitation Homes, one of the nation’s largest rental home companies, sees it as a return to a more normal rent-growth environment. “We are looking at the pre-pandemic experience as sort of our model for how we think the curve is going to develop over time,” Olsen said during the company’s year-end results call this week with analysts and…
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A crippled housing market has left Americans stranded in 40-year-old properties and unable to afford most home improvements. Now they are turning to ‘home harde…
A home should be a sanctuary, a safe place to feel sheltered against the chaos and threats of the outside world. But with the recent onslaught of record-breaking natural disasters, many Americans are feeling increasingly vulnerable. In the past year alone, we’ve endured the hottest summer on record, devastating wildfires in Canada and Hawaii, flooding in Vermont and New York City, and hurricanes in both Los Angeles and Maine. The situation is especially problematic considering American homes aren’t getting any younger. In fact, 38% of homes in the U.S. were built before 1970–and the median age of homes in America is 40 years. With aging roofs, insufficient drainage, and outdated systems, many homes are in…
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US real estate market will be ‘very ugly’ next year, Howard Lutnick warns
The CEO of a top financial services firm is sounding the alarm over a “very ugly” real estate market in the next two years. Speaking to FOX Business host Maria Bartiromo at the World Economic Forum in Davos, Switzerland, Cantor Fitzgerald CEO Howard Lutnick said a “generational” shift was on the horizon, warning of a massive default in loan sales. REAL ESTATE INVESTOR WARNS US IS ENTERING THE ‘GREATEST’ CORRECTION OF HIS LIFETIME A foreclosure sign sits in front of a home on a hillside in San Clemente, California, on Aug. 25, 2010. “I think $700 billion could default… The lenders are going to have to do things with them. They’re…
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Harsh warning on US real estate market issued: ‘America needs more housing’
Certified affiliate real estate broker Brian Lewis breaks down the point out of the U.S. housing current market as household potential buyers really feel the pain of sky-significant property finance loan charges. A person genuine estate professional issued a warning to Americans that the U.S. is suffering from a housing stock crisis that could further more destruction the sector. “Here’s the issue about The united states, we really don’t have inventory. Guys, it is limited out there,” serious estate broker Brian Lewis claimed on “The Claman Countdown” Thursday. “In New York Town, it truly is tight. In Richmond, Virginia, it is really restricted. In some regions of Chicago, it is…
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Challenges to persist in Triangle real estate market in 2023
Editor’s Be aware: Every Friday, WRAL TechWire usually takes a deep dive into the Triangle’s serious estate marketplaces. In latest months, we’ve included how to win in the Triangle authentic estate marketplace as a consumer and how sellers can prepare a home for sale in purchase to get top rated-dollar gives. Both equally of those articles may well be of desire, provided that many Triangle serious estate agents informed WRAL TechWire this 7 days that the start out of 2023 is established to be far more difficult than the commencing of 2023. +++ RALEIGH – Navigating the Triangle real estate industry will be harder at the commencing of 2023…
