real estate articles today

Anywhere to Release Second Quarter 2023 Financial Results and Host Webcast on July 25, 2023

18/07/202321/04/2025dansa

MADISONS, NJ, July 17, 2023 /PRNewswire/ — Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services, will release its financial results for the second quarter ended June 30, 2023on Tuesday, July 252023. The company will host a conference call and webcast to discuss its results and provide a business update that morning at 8:30am ET.

Anywhere RE Logo (PRNewsfoto/Realogy Holdings Corp.)

Investors may access the conference call live via webcast at anywhere.re under “Investors” or by dialing 888-330-3077 (toll free); international participants should dial 646-960-0674. Please dial in at least five to 10 minutes prior to start time. A webcast replay will also be available on the company’s website.

About Anywhere^BC

Anywhere Real Estate Inc. (NYSE: HOUS) is moving the real estate industry to what’s next. A leader of integrated residential real estate services in the US, Anywhere includes franchise, brokerage, relocation, and title and settlement businesses, as well as mortgage and title insurance underwriter joint ventures, supporting approximately 1.2 million home transactions in 2022. The diverse Anywhere brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and

Interest Rates Rise in the UK

06/07/202321/04/2025dansa

Given that mortgage rates are set to rise because of the rising interest rates, many buy-to-let investors will be having to pay more on their mortgages as lenders raise their rates to meet the Bank of England’s base rate.

It’s worth noting that although the Bank of England is raising their rates to 5%, mortgage lenders’ rates will be a lot higher than this. Especially with buy-to-let mortgages, rates are often a lot higher than standard residential mortgages due to the higher risk of them not being repaid.

Buy-to-let mortgage repayments cover the accrued interest of the mortgage, so monthly repayments will set to rise.

Because of this, buy-to-let mortgages are expected to become less popular with investors in the immediate future, as many will not want to deal with higher interest rates and would rather invest in property through other means.

If you’re interested in investing in buying to let property, however, don’t let this news deter you. There are alternatives to using a buy to let mortgage when purchasing buy to let property that actually comes with a lot of extra benefits for investors.

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Housing market downturn a top risk to Canada’s financial system, regulator says – National

24/04/202321/04/2025dansa

A potential downturn in Canada’s housing market and adjusting to rapid increases in interest rates are among the biggest risks to Canada’s financial system this fiscal year, the country’s financial regulator said on Tuesday.

The Office of the Superintendent of Financial Institutions (OSFI) said it was ensuring that federally regulated financial institutions were alert to changing market conditions in its first annual risk outlook report for the year ending March 31, 2024.

“OSFI is preparing for the possibility, but not predicting, that the housing market will experience sustained weakness through 2023,” said Peter Routledge, Superintendent at OSFI.

The regulator also said the adjustment to higher interest rates “may not be completely smooth” and that it was intensifying monitoring of market liquidity.

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(Reporting by Maiya Keidan and Ismail Shakil)

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4 reasons you should look at a hard money loan for your real estate purchase, refi, or cash-out

31/03/2023dansa

Sponsored – The following content is created on behalf of Hard Money Lenders Arizona and does not reflect the opinions of Gray Media or its editorial staff. To learn more about Hard Money Lenders Arizona, visit HardMoneyLendersArizona.com.

PHOENIX (Arizona Hard Money Lenders) – Whether you’re looking for a home to stay in for the long term, fixing up and flipping houses, or creating VBROs, Airbnbs, or rentals, there are two ways to buy real estate – with cash and with financing. If you’re in a position to pay cash, you don’t need to worry about jumping through the flaming hoops between you and a mortgage. In fact, it might be time to consider becoming a private investor in others’ purchases. But that’s a story for another time. Today, we’re focusing on people who need financing to buy or refinance residential or commercial property.

Aerial view of a residential neighborhood

Most people believe a mortgage is the best – possibly the only – way to get the money you need to become a property owner. Securing a traditional mortgage can be tricky. It requires a massive amount of paperwork and it’s not a speedy process. It can take weeks or even months for the money to

Opinion: Stronger tenant protections keep real estate speculators at bay

08/02/2023dansa

Written for Daily Hive Urbanized by Neil Vokey, who is a renter in East Vancouver and a member of the Vancouver Tenants Union.

Last year, the City of Vancouver passed the controversial Broadway Plan covering 485 city blocks that parallel the incoming SkyTrain Millennium Line extension to Arbutus.

The Broadway Plan aims to guide development over the next 30 years and eventually double the corridor’s current residential population. However, even prior to the plan passing, real estate speculation along the corridor has already mounted enormous pressure on the thousands of tenants who live there — roughly 25% of the city’s existing purpose-built rental stock.

When members of the Vancouver Tenants Union (VTU) surveyed hundreds of renters living next to future subway stations, they talked to renters in buildings where services and communication had drastically scaled back after their buildings were sold — evidence that the new owners were interested in speculation opportunities more than being landlords. VTU members also found significant rent gaps — the difference between rents being paid and market rates — meaning that an eviction due to redevelopment would mean 60% to 70% rent increase for the average renter along Broadway.

Perhaps recognizing that this scale of

Student Accommodation Shortages Mean High Demand for PBSA

20/01/2023dansa

Between 2018 to 2021, university-building student halls decreased by 5%, and such figures expand significantly when extended to the private sector.

The supply of purpose-built student accommodation has too taken a significant dent – with figures showing the number of beds provided more than halving since 2019.

On top of this, the number of beds submitted for planning has also dropped dramatically. It has been suggested this is due to varying factors such as landlords leaving the market and moving back to renting professionals.

Recent regulation surrounding HMO’s (House in Multiple Occupation) has also made it more difficult to convert a residential home into a student let which has further contributed to a slump in supply.

However, students’ own preferences have shifted to purpose-built student accommodation in recent years – contrasting the traditional HMO house share. This has placed further strain on the need for investment for purpose-built student accommodation.

Some investors may also wish to capitalize on what has been labeled ‘turnaround’ projects – this is where existing first-generation purpose-built student accommodation assets are refurbished and revamped to draw even greater returns.

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2023 Edmonton real estate forecast released

19/01/2023dansa

The value of an average detached house in Alberta’s capital is expected to drop by roughly three per cent in 2023, as rising interest rates and the cost of living drive buyers to seek more affordable options.

That’s the big-picture forecast from the Realtors Association of Edmonton, which revealed new numbers Wednesday to a packed ballroom of real estate agents at the Edmonton Convention Centre.

After the average price of a detached home in the city hit an all-time high of $510,000 in April 2022, the market started to slow as mortgage rates, grocery prices and utility rates rose.

“We saw a lot of crazy things happen during the pandemic that I think were completely unexpected,” explained association chair Melanie Boles.

“All of a sudden we had people working from home, homeschooling kids, there was no travel, there was no sports. So, I mean, they were all of a sudden saving money, staying home and they needed more space.”

That drove the prices up for houses with lots of space, Boles said.

It also led to the increase of realtors in the city. Boles said there are now 4,400 association members, another record high. She said a fall in sales