USA The U.S. existing home sales are declining due to rising mortgage rates and affordability issues. However, July 2024 saw a 1.3% sales increase, with the median price hitting a record $422,600. Inventory also increased to a 4.0-month supply, potentially giving buyers more leverage. Source: Prices still at record levels as existing-home sales inch up U.K.…

USA The U.S. housing market is facing mixed signals as home prices continue to rise despite record-high mortgage rates. Areas like the Sunbelt are witnessing the most significant price increases, driven by strong demand and limited supply. While high rates might typically cool the market, in some regions, the opposite is happening. Source: The U.S. housing market is…

Bridge loans in Singapore have emerged as a lifeline for individuals and businesses. They are designed to bridge the gap between immediate and long-term financial needs. In this article, we will answer all your questions about Bridge Loans and its functions.  What are Bridge Loans? Bridge loans, also known as bridging loans or bridge financing,…

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USA U.S. mortgage rates have dropped sharply, with the 30-year average falling to 6.47% as of August 8, 2024, down from 6.73% the previous week. This marks the lowest level in more than a year and provides relief to both prospective homebuyers and sellers who have been hesitant to enter the market. The decline, which has…

Markets are seemingly in free fall, but it’s not all bad news…. Here is how I am looking at how things have unfolded. Over the past week, a few things happened to create the sell-off: 4.3% unemployment, highest since COVID The Bank of Japan raised rates from 0 to 0.25% Tech stocks being sold off…