Day: September 22, 2020

Here Are the Housing Markets That Are Heating Up and Cooling Down

September 21, 2020 by

Relatively inexpensive areas outside major cities—like El Dorado County, just east of Sacramento, and Camden County, across the river from Philadelphia—are gaining ground with homebuyers as New York City and San Francisco lose steam.

Housing markets that offer homebuyers more bang for their buck and are located outside of major cities—but within driving distance—are heating up, with relatively affordable places including El Dorado County, CA and Camden County, NJ rising in popularity as house hunters take advantage of remote work and record-low interest rates. Nine of the 10 markets where homebuyer

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Mortgage approvals on the rise as more buyers report it’s ‘a good time to buy’

With the pandemic keeping most people at home, households are using their saved money for housing instead. Picture: Damian Shaw

Demand for property has shown signs of returning to pre-COVID-19 levels across much of Australia as households pump money they would have spent on travel or entertainment into housing instead.

Figures from the Australian Bureau of Statistics revealed mortgage approvals have been tracking up since the market hit a trough in May, despite the weaker economy and mounting job losses.

There were just 22,941 mortgage approvals in May, but the number shot up by 25 per cent to hit 28,322

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