Housing

US mortgage rates fall to lowest in month as Middle East tensions ease

The average for a 30-year fixed loan drops to 6.47% from 6.52% a week earlier, Freddie Mac says

“Housing-access problems are progressively reducing the homeownership rate and contributing to lower rates of residential independence among young people,” according to a Bank of Spain report.

Spain lacks 750,000 homes, with hot spots from Madrid to the Mediterranean coast

Shortage of supply and rising demand are pushing prices higher and making housing less affordable

The gain marks the fourth straight monthly increase, adding to signs of improvement in the housing market.

US pending home sales see biggest gain since September 2024

Contract signings rose 3.8% to 76.8 last month

A decommissioned electrical substation on the main thoroughfare near Bondi Beach in Sydney, Australia. Such properties are highly desirable in the country's expensive housing market.

Small, unloved and unkempt, these unusual properties are hot in Australia

In a country where the housing market is squeezed, decommissioned electrical substations are in demand as refurbished residences

In the five years leading up to the Middle East conflict, Dubai had become one of the hottest real estate markets globally.

Dubai property frenzy cools but sellers hold the line on prices

The Iran war has raised questions about how the city would be affected by a prolonged period of regional instability

Caution remains dominant, however, with households delaying big-ticket purchases and preparing for a jump in energy bills.

UK housing market slump shows signs of stabilising

Sales activity remains subdued and house prices edge lower, though the pace of decline seems to be easing

First-time buyers are returning to the market, accounting for 35 per cent of sales in May, which is the highest share since June 2020.

US existing-home sales jump to highest this year, top forecasts

Figures reflect an improvement in the nation’s home resale market

San Francisco's Pacific Heights neighbourhood is among the most expensive in the country.

AI boom upends San Francisco housing market

It is creating extreme personal wealth in the area, with tech companies paying employees in the sector lofty salaries

As household size is hardly growing, is there a need to build super-large landed homes?
THE LEVEL GROUND

Think twice about rebuilding that old landed property into a super-big house to max out GFA

Mind the high construction and recurring costs of building a gigantic home for owner occupation 

Four projects housing 1,679 units will likely test buyer appetite in July.

Up to 11 new condo projects with 3,550 units lined up for H2 launch as price ceilings emerge

Analysts do not expect average launch prices to breach the S$4,000 psf mark in the near term