Day: March 7, 2020

Coronavirus and the Housing Market

This past week, the new coronavirus caused a big drop in financial markets, spurring the Federal Reserve to drop interest rates by half a percentage point and leaving many Redfin customers wondering about the impact an outbreak would have on the economy and the real estate market.

As a behavioral economist, I counsel people to avoid making rash decisions based on fear and uncertainty. Instead, make decisions based on your financial situation.

What’s going on with the housing market right now? 

Before the coronavirus concerns started in the United States, the housing market was strong, with our agents reporting

Read More

Adelaide’s most in-demand suburbs for property revealed

The Medindie property at 55 Dutton Tce sold in September last year. Pic: realestate.com.au

A quiet Adelaide suburb renowned for its classic character homes and leafy streets is experiencing booming demand as house hunters fight to secure a slice of the Australian dream.

According to a realestate.com.au data revealing Adelaide’s most in-demand areas, househunters are keeping a close eye on Colonel Light Gardens, with demand for property in the tightly-held suburb surging over the past year.

The data is calculated on the number of property searches in a suburb relative to the number of listings.

Demand for property in Colonel

Read More

LexisNexis® Real Estate Options

We create holidays and educated-led and wildlife group excursions to over a hundred areas worldwide. It shows that in comparison with the two previous cycles, the current one stays very quick in length and unimpressive in magnitude. To achieve the historical averages, the real property market would need to keep rising for an additional 7 years, and with a lot sharper annual appreciation. Ms. Kotova, and tens of thousands of other Russians who’re required to supply such a document to promote property, haven’t any historical past of mental sickness. The certificates, which must be signed and stamped by a doctor, … Read More