Cleveland Real Estate News

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  • Rising prices to slow in 2015

    7 min ago | via Independent.ie 

    Values are set to continue going up as first-time buyers scramble to get into the market ahead of new mortgage lending restrictions being proposed for next year by the Central Bank. But the rate of growth will ease off as tax incentives for property investors cease at the end of this year.

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    Related Topix: Mortgage, Personal Finance, Home, Mortgage

  • Freddie Mac: Mortgage Rates Remain Low Heading Into ...

    40 min ago | via Huntington News 

    "Mortgage rates were little changed on the week with the 30-year fixed-rate mortgage declining to 3.97 percent," said Frank Nothaft, Freddie Mac's vice president and chief economist. "This comes during a week of uplifting economic news heading into the holiday; Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

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    Related Topix: Mortgage, Personal Finance, Home, Mortgage

  • Foreigners, sausages and the Great Australian Dream

    1 hr ago | via Sydney Morning Herald 

    After all the hearings and submissions, the House of Representatives Economics Committee Report on Foreign Investment in Residential Real Estate boils down to this sentence on page 86: "Conflicting evidence has been received by this inquiry, although on balance it is the committee's view that the benefits of foreign investment outweigh the negatives." It might seem a little odd that this bottom line doesn't feature in the "four key findings that translate into 12 practical recommendations" listed in committee chair Kelly O'Dwyer's introduction to the report, but followers of Yes, Minister - the British documentary series on the nature of government - would not be surprised.

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    Related Topix: Housing

  • Australia may tighten foreign-property-buyer rules

    12 min ago | via MarketWatch 

    The Australian government Thursday issued a number of recommendations aimed at tightening regulation around the rules for foreign purchases of houses and apartments. The House of Representatives Economics Committee on Foreign Investment in Residential Real Estate made 12 recommendations for change, including stiffer penalties for anybody found to be breaching current restrictions, amendments to migration laws and providing better resources for the country's foreign-investment watchdog.

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    Related Topix: Housing

  • Canada's hot housing market, high household debt are...

    13 min ago | via Telegram 

    The International Monetary Fund issued a warning Wednesday that a hot housing market and mounting household debt represent key domestic risks to Canada's economic growth. But in releasing its latest report card for Canada, the IMF predicted a soft landing for the housing market and described the economy's performance as relatively stable in the global context, thanks to an improving export sector and stronger U.S. growth.

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    Related Topix: Mortgage, Personal Finance, Home, Mortgage

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