Canada
Canada's housing market saw a 3.7% increase in home sales in June 2024, driven by a Bank of Canada rate cut. However, prices are still below last year's levels, and consumer sentiment remains cautious. In Toronto, property listings have surged to the highest in over a decade as homeowners rush to sell before facing higher mortgage payments. Experts anticipate a potential 10% drop in prices by year-end.
GMG Canada loan program is designed to help investors navigate the evolving housing market.
Source: Supply in Canada's property market surges as mortgage renewals loom
U.K.
U.K. home prices rose to an average of £285,201 in May, up 1.2% from April and 2.2% year-on-year. London saw a 3.9% monthly increase, reaching £523,376, though annual growth was minimal. The West Midlands, Yorkshire, and Northern Ireland also experienced price increases. England's average house price reached £302,393, reflecting positive market sentiment despite political stability and upcoming Bank of England rate decisions.
Source: U.K. house prices jump to £285k in May
U.K. Outlook
Bloomberg reports that a U.K. rate cut in August seems unlikely despite strong wage growth and stable economic conditions. Wages are up 5.7% annually, aligning with expectations, while the labour market cools in a post-pandemic adjustment. Real wage growth and solid savings rates suggest a positive economic outlook, supported by robust consumer spending and strong corporate results.
GMG U.K. loan programs make it easier for investors to capitalize on current property trends.
Source: Rate Cut or No, the U.K. Economy Is in Good Shape
USA
Experts believe that if Donald Trump wins the 2024 presidential election, it could trigger a massive refinance boom and record home sales. Marty Harlee expects Trump to urge the Federal Reserve to lower interest rates, boosting the economy and the housing market. Dennis Shirshikov adds that Trump's policies on deregulation and tax cuts could increase disposable income and drive up demand for homes. However, concerns about potential inflation and market volatility could affect housing affordability and stability.
Source: Trump Victory Could Ignite Massive Refinance Boom And Record Home Sales, Experts Say
Investment Hotspots
CNBC ranks the best U.S. states for housing, with Florida leading due to high home value appreciation and active construction. South Carolina, Arizona, North Carolina, and New Jersey also feature prominently, showing strong housing markets with varying affordability and price growth.
With America Mortgages loan programs, investors can now capitalize on market shifts and hotspots.
Source: These are America's 10 best states for buying and selling a home in 2024, with a big caveat at No. 1
Dubai
Dubai's real estate market saw a 12.2% increase in transaction volumes in H1 2024. Dubai's Arabian Ranches 3 achieved the highest ROI for luxury villas at 6.42%, while Dubai Silicon Oasis led for affordable apartments with a 9.19% ROI. Key areas for luxury properties included Dubai Hills Estate and Dubai Marina, while DAMAC Hills 2 and International City were popular for affordable options.
GMG Dubai loan program enables investors to capitalize on Dubai’s booming real estate market.
Source: Dubai's real estate sector sees 12.2 percent rise in transaction volumes in H1 2024: Report
America Mortgages Weekly
Great news for international investors: U.S. mortgage rates have dropped to their lowest since early March, with 30-year fixed rates at 6.87% and 15-year rates at 6.49%. This creates a fantastic opportunity for foreign nationals and U.S. expats to enter the U.S. housing market with lower borrowing costs and better potential returns. With a 36% drop in international buyers due to high prices and a strong dollar, there's less competition, making it easier to secure good deals. America Mortgages offers tailored loan programs to help investors capitalize on these favorable conditions and navigate the U.S. housing market.
