Pending home sales in the United States cooled in September for the second month in a row, taking them to their second lowest index reading in 2015, according to the latest index.
All four major regions experienced a pullback in activity in September, the Pending Home Sales Index, a forward looking indicator based on contract signings, from the National Association of Realtors shows.
The index declined 2.3% to 106.8 in September from a slightly downwardly revised 109.3 in August but is still 3% above September 2014 when it was 103.7. With last month's decline, the index is now at its second lowest level of the year but has still increased year on year for 13 straight months.
In the last few months, concerns about a bubble have reached a fever pitch as house prices shot up still further. A government failure to clamp down on lending criteria has fed a 20 percent annual rise in the cost of apartments
Prices of new homes in 288 cities rose an average 1.4 percent in October from a year earlier, marking the third straight month of gains, a poll by property services firm Real Estate Information Corporation(CRIC) showed
Monday's figures from property consultant CoreLogic RP Data showed dwelling prices across the major cities edged up 0.2 percent in October, from September when they climbed 0.9 percent
Property prices in Ireland increased 1.3% nationwide in September and are 8.9% higher year on year, the latest official figures shows.
But a breakdown of the data from the Central Statistics Office reveals that prices are now growing faster outside of Dublin than in the capital city which is no longer leading the nation.
In Dublin residential property prices rose by 0.9% in September and they are now 6.5% higher than in September 2014. This was the lowest annual increase since June 2013 and contrasts with the 20% rise recorded in April.
Buying a home isn't just a 20% down payment and a monthly check for the mortgage.
There are a mountain of hidden costs - from closing fees to taxes - that can add up to more than $9,000 each year, real estate marketplace Zillow estimates - and that number will only jump if you live in a major US city.
A renewed confidence amongst buyers, low prices and the Spanish banks’ willingness to offer competitive mortgages is attracting increasing numbers of new buyers in the country, according to a new analysis.
In Spain’s major cities, international buyers are now beginning to compete against local buyers to secure the best properties in prime locations, according to the report from Lucas Fox covering the first six months of 2015.
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