Pace of US house price rises slows as mortgage rates climb US house prices rose at a less feverish pace in July signalling the impact of higher mortgage interest rates on demand. U.S. home prices up, but slip in confidence could be a concern U.S. home prices slowed their rate of gains in July and a dip […]
Got house for sales ? Canadians will buy anything, even craps
For real. Canadians will buy even craps in ghetto town like Detroit (where cashiers are standing behind inch-thick bullet proof glass). Did you hear the one about the largest American city to file for bankruptcy? It’s no joke, it happened last month to Detroit, which sought federal protection under Chapter 9 of U.S. Bankruptcy code. Detroit […]
What’s killing the US housing recovery?
Don’t believe the hype about rising interest rates smothering housing market improvement. Homes are simply unaffordable The banks still drop income requirements and down payments to get more people into high-priced homes. What could possibly go wrong? Picture it: a hopeful young couple wants to buy a house. They’ve been reading stories about a housing […]
Canadians are gobbling up home of the highest foreclosure rates in U.S.
Canadian snowbirds still eyeing Florida real estate The survey shows that Canadian buyers account for 31 percent of international buyers in Florida, down slightly from recent years. Florida is one of the worst hit pariah in America’s real estate in term of loss value and foreclosure rate during the great American real estate slump, it’s […]
Canadian realty speculators running for their lives (turning to U.S markets for asylum) ?
Is this a concrete sign that the end is really nigh for Canadian property market ? Could this be the trigger … ? TD and RBC mortgage rates up, following other banks For the most part, Canada’s largest bank is increasing the rates by 20 basis points, with its fixed five-year closed mortgage rising to 5.34 per cent and its five-year […]
Dreams Come True For Canada As Housing Bubble May Not Burst After All
Dreams come true for property owners, and nightmare for those who do not own any home in Canada yet . Why ? Because housing supply across the border is very tight, demand exceeds supply, prices are the rise (as much as 15% is anticipated) … this will give realtors, speculators, or otherwise crooks a very, very big […]