Tag #Housing Market

elpais.com
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Euribor Drop Brings Significant Savings to Spanish Homeowners

The average Euribor in December 2024 fell to 2.435%, resulting in significant savings for Spanish homeowners with variable-rate mortgages and a surge in home sales; this is due to decreased inflation, economic uncertainty in Europe, and the European Central Bank's interest rate cuts.

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44% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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2025: A Tightrope Walk for Australian First-Home Buyers

In 2025, Australian first-home buyers face high property prices and cost-of-living pressures, but government incentives and a cooling market may offer a brief window of opportunity before interest rate cuts potentially reignite price growth; strategies such as rent-vesting and family support are gai...

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32% Bias Score

Reduced Inequality
cnbc.com
🌐 75% Global Worthiness
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Increased Housing Supply in November 2024, but Many Listings Remain Unsold

Despite a 12.1% increase in active home listings in November 2024 compared to November 2023—the highest since 2020—over half (54.5%) remained unsold for at least 60 days, indicating pricing or condition issues despite increased supply and higher pending sales.

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40% Bias Score

Reduced Inequality
cnn.com
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US Housing Slump Deepens in 2024; 2025 Outlook Remains Uncertain

America's housing market experienced a deep slump in 2024, marked by record-high home prices (median $406,100 in November), low inventory, and high mortgage rates (6.85% average 30-year fixed rate last week), creating significant affordability challenges for buyers and renters.

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40% Bias Score

No Poverty
kathimerini.gr
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Surge in Greek Housing Construction Volume in September 2024 Amidst Anticipation of Supreme Court Ruling

Greek housing construction saw a surge in buildable area and volume in September 2024, despite a near-stagnant number of permits issued, likely due to builders trying to utilize "bonuses" from the new building code (NOK) before an October Supreme Court ruling.

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48% Bias Score

Sustainable Cities and Communities
cnbc.com
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High Mortgage Rates Fail to Curb US Home Price Increases

Despite 6-7% 30-year fixed mortgage rates, US home prices rose 5.8% through November 2024 in 50 major cities; Anaheim, CA, saw the highest increase (12.5%), driven by limited supply and proximity to Los Angeles, while San Antonio and Austin remained flat.

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48% Bias Score

Reduced Inequality
tr.euronews.com
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Fitch: Global Housing Prices to Rise in Next Two Years

Fitch Ratings predicts a low-to-mid single-digit increase in global housing prices over the next two years due to supply shortages and increased affordability, with the strongest growth expected in Netherlands, Canada, Brazil, and Mexico, while China is expected to see a decrease due to the economic...

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24% Bias Score

Reduced Inequality
nbcnews.com
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Increased Housing Inventory, But High Percentage of Stale Listings Slows Market

November 2024 saw a 12.1% rise in active housing listings compared to November 2023, reaching a peak since 2020; however, 54.5% of these homes had been listed for at least 60 days, the highest share since 2019, while the average time to contract was 43 days, the slowest since 2019, despite pending h...

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40% Bias Score

Reduced Inequality
forbes.com
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Maine Home Values Surge: Coastal ZIP Codes Lead with 75%+ Growth

Maine's real estate market exploded between 2019 and 2024, with Cumberland Foreside (ZIP 04110) leading the way, its median home value soaring 75.8% to \$942,576, while other coastal and island areas also saw substantial increases.

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32% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australian Housing Market Slowdown in 2024 Due to High Interest Rates

Australia's 2024 housing market showed a national home value increase of 5.5 percent, but high interest rates slowed buyer enthusiasm, leading to falling values in Sydney and Melbourne by spring, while smaller capitals slowed; increased listings gave buyers more choice and properties took longer to ...

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44% Bias Score

Reduced Inequality
kathimerini.gr
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Greece's Short-Term Rental Boom: 1 Million Beds Overshadow Hotel Capacity

In 2024, Greece experienced a surge in short-term rentals, exceeding 230,000 in August and providing 1.022 million beds, surpassing hotel capacity; despite this, occupancy remained high, demonstrating significant demand that even post-summer decreases in available rentals could not meet.

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48% Bias Score

Decent Work and Economic Growth
cbsnews.com
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2024 Mortgage Rate Fluctuations and 2025 Refinancing Outlook

The average 30-year mortgage rate started 2024 at 6.62%, reached a high of 7.22% in May, fell to 6.07% in September, and currently sits at 6.60%, with future rate cuts anticipated, influencing the viability of refinancing in 2025 based on individual circumstances.

Progress

40% Bias Score

Reduced Inequality