Blog
Rentals in the US Continued to Rise in August
Shelter costs have continued to rise in the US. Recent data provided by Redfin shows that the national average increased by 11% YoY this August. Costs are expected [...]
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US Housing Due for a Correction?
Fed Chair Jerome Powell stated that the US housing market would “probably” go through a “correction” period. It is of no surprise as home prices were [...]
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Boomerang Kids
Boomerang kids is a term for those who moved out of their parents’ home only to return. The number of young adults who were forced to move back home reached [...]
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Domestic Exodus from US Cities
The US Census Bureau reported that 8.4% of Americans moved in 2021, beneath the 9.3% who moved at the height of the pandemic panic in 2020. Numbers for 2022 may [...]
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Chinese on US Real Estate Spending Spree
The Chinese are keen on investing in tangible assets, namely real estate. Canada implemented restrictions on foreign buyers after accusing them of the real estate [...]
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Fannie Mae Forecasts “Modest Recession” in 2023
Fannie Mae forecasts a “modest recession in the latter half of 2023” and believes the house-buying frenzy will begin to cool in the US. The Federal Reserve’s [...]
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S&P CoreLogic Case-Shiller Index Marks New High
Home prices were up 19.2% in January according to the S&P CoreLogic Case-Shiller index. It is extremely difficult for Millennials and Gen Z to enter the housing [...]
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Red Hot Rentals
Rentals are soaring across the US to unsustainable levels. Gone are the days when people stuck to the tradition of spending less than one week of income on housing. [...]
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Canada Bans Foreigners from Real Estate Market but Misses Loopholes
Finance Minister Chrystia Freeland announced on Thursday that most foreigners would be barred from purchasing real estate in Canada for the next two years in an [...]
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Rents in NYC Exceeding Pre-COVID Levels
COMMENT FROM A REAL ESTATE BROKER IN NYC ON RENTAL MARKET: Equity Residential is demanding 40 to 45% increases on lease renewals. On one floor in particular, units [...]
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