The most affordable major metropolitan markets in 2014 were in the United States, which had a moderately unaffordable rating of 3.6.
Canada and Ireland were rated "seriously unaffordable," with a median multiple of 4.3, along with Japan (4.4), the United Kingdom (4.7) and Singapore (5.0). Australia (6.4), New Zealand (8.2) and Hong Kong (17.0) were severely unaffordable.
Hong Kong's median multiple of 17.0 was the highest recorded (least affordable) in the 11 years of the Demographia International Housing Affordability Survey.
--Jonathan Chancellor in Property Observer, 18 January, 2015
-----------------------------------------------------We find that a change in down payment requirements tends to have a large effect on housing demand—households’ willingness to pay for a given home—especially for current renters, whereas the effects of a change in the mortgage rate are modest. -- Andreas Fuster and Basit Zafar in Liberty Street Economics http://libertystreeteconomics.newyorkfed.org/2015/07/how-sensitive-is-housing-demand-to-down-payment-requirements-and-mortgage-rates.html#.Vbj57vNViko
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Shared and taken by James Harrison, Morrocco.
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Chinese property portal Juwai.com estimates QDII2 - if rolled out nationally- could theoretically deliver as much as $2.3 trillion to international residential real estate markets alone. The likely amount is probably closer to $661 billion. The latter figure depends on a reasonable estimate that wealthy Chinese individuals allocate approximately 10 percent of their total assets to international real estate, both commercial and residential.
The size of these figures highlights that, "If China undergoes a material liberalization over the next decade, the increase in gross flows will likely be very large relative to the world economy", says Juwai.com executives. - See more at: http://www.worldpropertyjournal.com/real-estate-news/china/beijing-real-estate-news/qualified-domestic-individual-investor-program-china-qdii2-program-china-real-estate-investor-data-2015-international-real-estate-investors-report-world-trade-organization-juwaicom-9238.php
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If you've been curious over how the international real estate markets have fared recently, then wonder no more – we’ve just released the latest Juwai Q1 2015 Global Property Index (GPI) Report! -- http://list.juwai.com/news/2015/06/juwai-releases-q1-2015-global-property-index-gpi-report
-----------------------------------------------------Shared and taken by Neil Howard, One World Trade Center, NYC, New York.
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The homeownership rate in the United States in the second quarter declined to 63.4%, the lowest it has been since 1967, according to data from the Department of Commerce’s Census Bureau. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34596-homeownership-rate-drops-to-48-year-low
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The full House Financial Services Committee meets today to markup several bills of critical interest to the mortgage finance and housing industries, including a measure to formalize the TRID “hold harmless” grace period and a cap on CEO compensation for Fannie Mae and Freddie Mac. (Read about the five bills by following the link below.) -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34595-key-housing-mortgage-finance-bills-facing-markup-in-house
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Shared by Best Photos, Rotterdam, netherlands.
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Nat'l Real Estate Post:
Fannie and Freddie may be used to pay down the national debt. http://thenationalrealestatepost.com/fannie-and-freddie-to-pay-down-national-deficit/
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“The painful truth is that Dodd-Frank and the hyper-regulated Obama economy are failing low- and moderate income Americans who simply want their fair shot at economic opportunity and financial security,” Hensarling said. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34604-dodd-frank-dragging-down-economic-recovery-house-committee-says
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Shared by Amazing Places to See, taken by Omar Reyes, Pancula, (pampa de pabellones) | Apurímac, Perú
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