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April 2017 Archives

Housing Supply Update: Hard to Keep Up with the Demand

National Supply of Homes for Sale Has Fallen to Early 2000s Level

Shu Chen    |    Housing Trends

 

December is the holiday season for many people who take time off from work, travel and spend time with family. For many business, it’s the slow time of the year. However, with interest rates rising, home buyers this past December were in a hurry to lock in a mortgage rate. The housing market became so tight in December 2016 that the months of supply fell to 4.1 months, the lowest for a...

Cash and Distressed Sales Update: January 2017

The Cash Sales Share for January Was 37 Percent

Molly Boesel    |    Housing Trends

 
  • The cash sales share for January 2017 was 36.5 percent, unchanged from a year ago
  • The distressed sales share for January 2017 was 7 percent, down 4.6 percentage points from  January 2016
  • Only two states and the District of Columbia have distressed sales shares close to their pre-crisis levels

Cash sales accounted...

CoreLogic National Auction Preview, week ending 30 April 2017

Auctions in Australia; Focus on Capital Cities

Cameron Kusher    |    International

 

The number of auctions scheduled to take place across the combined capital cities this week is expected to increase, with 2,166 currently being tracked by CoreLogic.

In both Melbourne and Sydney, the two major auction markets, auction activity is set to ramp up with 1,133 scheduled auctions across Melbourne, increasing from 828 last week and 738 homes to go under the hammer in Sydney,...

Australian Homebuyers Consider Accessing Superannuation to Purchase

Accessing Super Unlikely to Greatly Help Home Buyers in Sydney and Melbourne

Cameron Kusher    |    International

 

Last week the ABC crunched some numbers for purchasing using Superannuation.  They developed figures which showed that based on the average earnings for a 25 to 34 year old, including their 9.5% super and a $7,125 per annum co-contribution and assuming returns of 3.2% per annum  the average person in this age group could save $45,545 in their Super.  For arguments sake lets say...

Volumes rise across the combined Australian capital cities and return a clearance rate of 72.1 percent

Cameron Kusher    |    International

Auction activity increased significantly across the combined capital cities this week after last week’s Easter period slowdown, with 1,732 homes taken to market and a preliminary clearance rate of 72.1 per cent, down from 73.9 per cent last week across fewer auctions (493).  Melbourne saw the most significant increase in activity, with volumes increasing from 102 last week to 823...

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