Contemplating whether to buy or rent a house, now is the time to make that decision. Realtor.com compared rental prices between January 2020 and January 2022, showing the rent has increased by 21% in major cities. In January this year, rent in Miami, Florida shot by 54.2% compared to last year. The US national median rental price increased 19.8% between January 2021 and 2022, signaling a worrying...

Buying property as a first-time buyer can be a daunting experience. But, if you have the correct information, it can be the most fulfilling endeavor. The current hype on the shift of property market preferences can be misleading for first-time buyers who have no clue what to look out for when purchasing a property. Multiple factors impact the property market in London, and some of the indicators to...

JLL, a global property consultant, claims that a third of all global real estate direct investment will be in the residential sector. It was 14% in 2010, and it increased to 25% in 2020. The most significant increases may be felt in Europe and the Asia Pacific. So, here’s what you must understand about this shift in global property investments. Residential Sector Will Command More Global Property...

Lumber prices have been on the rise since the start of the COVID-19 pandemic, and it has continued to increase till today. The prices did reduce during the second half of last year, but it picked up in December again. The soaring lumber prices could have serious implications for the global costs of new homes. Thus, this article discusses this price increase and how it will most likely affect the price of...

We all know the late Joan River to be the queen of comedy. However, the incredible comedian, television host, and actress was the owner and resident of a befitting gilded palace on Manhattan’s Upper East Side. Joan’s penthouse could best be described as a little piece of Versailles nestled in the haphazard yet beautiful skyline of New York City. Joan River’s Penthouse Goes on Sale!When...

The average mortgage size in the US has reached a new record in February 2022. As a result, people looking to buy homes may be facing one of history’s priciest housing markets ever. If you’re considering purchasing a home in the United States, here’s what you must know about the rising mortgage size. Mortgage Size in the US Has Reached a New RecordThe interest rates of mortgages are...

Wondering if rental prices are rising in the US? Here’s everything you need to know about the rental property market in the country Are rental prices rising in the US? The short answer is yes! Contrary to the hope-filled perception of many Americans, the rental property market will continue to experience a hike in prices since the COVID-19 pandemic. The market is also growing in size and investment...

Unusual news for the London rental market in which a story of lower rents and better value London rental prices prevail. Good news for tenants but not so good news for landlords that have suffered at the hands of the Pandemic. The Index of UK rental prices was released on February 16th 2022 showing that Private rental prices paid by tenants in the UK rose by 2.0% in the 12 months to January 2022, up...

Better.com, an online-based mortgage provider, reports a 40% increase in online purchase applications in 2020 with appraisals conducted through iPhone. The National Association of Realtors survey shows that 35% of realtors rely on virtual tours to connect with buyers. Virtual tours have become the gold standard for buying property online, evident from the increasing number of people using digital...

The real estate industry accounts for 40% of global carbon emissions and energy use, making it a major contributor to the impacts of climate change; and, thus, should be a leading force in mitigation efforts. Now more than ever, the sense of urgency to address climate change in the industry is incontestable. A survey on the current trends in the property sector reveals that 82% of buyers make investment...