Friday, 10 January 2025

Finance & Mortgage

3 Things You Need to Know About the First-Time Homebuyer Tax Credit

First-time homebuyers can get the most out of their first and probably biggest purchase of their life through the different tax credits being offered by the government. Here are the 3 things you need to know about tax breaks and the first-time homebuyer tax credit:

Real Estate News: Fewer Approved Mortgage Applications as Interest Rates Continue to Decrease

An approved mortgage application is one of the important things you’ll need before you can get your dream home. Current mortgage interest rates are at near historic lows and while this might seem beneficial to buyers, lenders are already imposing strict regulations, which limits the number of applications approved.

March Sees Spring Real Estate Market In Full Bloom

Real estate's snowy weather was but a distant memory in most areas. However, some unlucky pockets of the U.S market remained unchanged.

EDITOR'S PICKS

London Prime Real Estate Values Drop Again For Third Quarter

London prime real estate values fell over the third consecutive quarter as financial turmoil and the risk that the UK will vote to revoke the European Union slowed down demand. Properties in districts dubbed as prime central London decreased 0.8 percent in the first half of the year.
By Staff Reporter
Colorado Rockies Real Estate Greater Value Than Rest Of the Metropolitan Area

Colorado Rockies real estate was never at the top of the heap for general valuations, but properties around Coors Field carried values 33 percent more than the rest of the metropolitan area. Prior to the opening day, which for the Rockies will fall on April 2, real estate company Truila released a report pointed out which stadiums around the nation were surrounded by the most costly real estate relative to properties in the rest of the metropolitan areas. Properties within a one-mile radius were considered as near the stadium.
By Staff Reporter
Experts Deem U.S Real Estate Safe for Foreign Investment

Real estate in America had been relatively sound given the current general uncertain global climate. James Kuhn, president of real estate service giant Newmark Grubb Knight Frank, stated that notwithstanding the monetary and geopolitical risks as many countries, the United States continued to attract capital as both a stable haven and one with better returns than other markets globally.
By Staff Reporter
European Real Estate Market Foresees Gains Once Again; Domestic Market, Rental Costs Boost Market

European real estate market based on the average transaction volume from 2015 was about 69 percent related to hotel real estate, 29 percent to office space, and two percent for retail. With signs that the economy was starting to come out of recession, the real estate market had started recovering and the projections for 2016 were optimistic.
By Staff Reporter
Insana Predicts Crash of Manhattan Real Estate Market

Manhattan real estate news contributor Ron Insana warned that New York City's real estate market was about to crash. He claimed that while the Manhattan skyline was filled with construction, reflecting a building boom, it was all for high end condominiums.
By Staff Reporter
Salt Lake, San Diego, Washington Have The Happiest Employees; Unhappiest Are In Fort Lauderdale, Pittsburgh, Cincinnati

The happiest employees were generally located in Washington D.C., Salt Lake City or San Diego. These were three of the best places to work in according to the survey.
By Staff Reporter
Cyprus Real Estate: Leasing Services Alternative to Traditional Mortgages

Cyprus real estate MPs had concluded discussions that will allow those wanting to buy property to do so under a leasing agreement rather than acquiring it with the help of a mortgage. It will be presented as an alternative process of borrowing, hoping to bring the legislation to the plenum by April 7.
By Staff Reporter
Miami Dolphins' Branden Albert Sells South Florida Home for $1.95 Million

Miami Dolphins' Branden Albert just listed his newly remodeled home in Davie for $1.95 million. The player entrusted with covering Ryan Tannehill's blind side constructed an extravagant backyard entertainment area, with a $300,000 pool that included a swim-up bar, tiki hut, and sweeping lake views. The Pro Bowler put the five-bedroom contemporary loft which measured 5,728 square feet with Kimberly Knausz as the listing agent.
By Staff Reporter
San Francisco Commercial Real Estate Might Cool Down as Job Market Sees Correction

San Francisco's economy is largely driven by technology market. But as the city is set to experience corrections in the job market, the commercial real estate sector is likely to slow down.
By Staff Reporter
Jumbo Loans More Accessible Not Solely For McMansions

Jumbo loans were only considered for McMansions in the past. However, the oversized loans had become an increasingly profitable option for entry-level home buyers in various parts of the country.
By Staff Reporter