UK House Prices Rise 3.3% in 2024, Stamp Duty Changes Expected to Boost First-Time Buyers
Halifax reported a 3.3% increase in UK house prices in 2024, reaching an average of £297,166, while Nationwide reported a 4.7% increase to almost £270,000; both exclude cash and buy-to-let purchases. Upcoming stamp duty changes are expected to incentivize first-time buyers, despite affordability cha...
UK House Prices Rise 3.3% in 2024, Stamp Duty Changes Expected to Boost First-Time Buyers
Halifax reported a 3.3% increase in UK house prices in 2024, reaching an average of £297,166, while Nationwide reported a 4.7% increase to almost £270,000; both exclude cash and buy-to-let purchases. Upcoming stamp duty changes are expected to incentivize first-time buyers, despite affordability cha...
Progress
40% Bias Score
Spain's 2025 Housing Market: Rising Prices, Falling Mortgage Rates Create Buyer's Dilemma"
Bankinter forecasts a 5% rise in Spanish housing prices in 2025, especially in major cities and coastal areas, while HelpMyCash.com expects lower mortgage rates due to the ECB's potential rate reduction to 2%, leading to a strategic challenge for buyers.
Spain's 2025 Housing Market: Rising Prices, Falling Mortgage Rates Create Buyer's Dilemma"
Bankinter forecasts a 5% rise in Spanish housing prices in 2025, especially in major cities and coastal areas, while HelpMyCash.com expects lower mortgage rates due to the ECB's potential rate reduction to 2%, leading to a strategic challenge for buyers.
Progress
36% Bias Score
Mortgage Rates Surge to Near 7%, Plunging Demand
During the two weeks ending December 27, 2024, total mortgage application volume plummeted 21.9% due to a rise in the average contract interest rate for 30-year fixed-rate mortgages to 6.97%, impacting both purchase and refinance applications significantly, particularly given the typical seasonal sl...
Mortgage Rates Surge to Near 7%, Plunging Demand
During the two weeks ending December 27, 2024, total mortgage application volume plummeted 21.9% due to a rise in the average contract interest rate for 30-year fixed-rate mortgages to 6.97%, impacting both purchase and refinance applications significantly, particularly given the typical seasonal sl...
Progress
36% Bias Score
Netherlands Eases 2025 Homebuying Rules
New 2025 regulations in the Netherlands increase the maximum mortgage for single buyers by €17,000 to €16,000, raise the property transfer tax exemption for first-time buyers under 35 to €525,000, and expand the mortgage guarantee scheme coverage to €450,000, with a reduced 0.4% fee.
Netherlands Eases 2025 Homebuying Rules
New 2025 regulations in the Netherlands increase the maximum mortgage for single buyers by €17,000 to €16,000, raise the property transfer tax exemption for first-time buyers under 35 to €525,000, and expand the mortgage guarantee scheme coverage to €450,000, with a reduced 0.4% fee.
Progress
44% Bias Score
\$1 Million+ Salaries Needed to Buy Homes in Five California Cities
Realtor.com research reveals that annual salaries exceeding \$1 million are needed to afford homes in five California cities (Atherton, Montecito, Malibu, Hillsborough, Los Altos Hills) due to high home prices and a 30 percent income rule for housing.
\$1 Million+ Salaries Needed to Buy Homes in Five California Cities
Realtor.com research reveals that annual salaries exceeding \$1 million are needed to afford homes in five California cities (Atherton, Montecito, Malibu, Hillsborough, Los Altos Hills) due to high home prices and a 30 percent income rule for housing.
Progress
56% Bias Score
UK House Prices: Stoke-on-Trent Surges While London Falls
Halifax data reveals Stoke-on-Trent's 17.2% house price surge to £227,002 in the year to September 2024, contrasting with Huddersfield's 6.6% decline and London boroughs also experiencing price drops, reflecting affordability issues.
UK House Prices: Stoke-on-Trent Surges While London Falls
Halifax data reveals Stoke-on-Trent's 17.2% house price surge to £227,002 in the year to September 2024, contrasting with Huddersfield's 6.6% decline and London boroughs also experiencing price drops, reflecting affordability issues.
Progress
48% Bias Score
Mortgage Rates Surge to 6.97%, Plunging Demand 21.9%
Mortgage application volume dropped 21.9% in the two weeks ending December 27, 2024, as 30-year fixed mortgage rates increased to 6.97%, impacting both purchase and refinance applications during the year-end slowdown; purchase applications were 17% lower year-over-year.
Mortgage Rates Surge to 6.97%, Plunging Demand 21.9%
Mortgage application volume dropped 21.9% in the two weeks ending December 27, 2024, as 30-year fixed mortgage rates increased to 6.97%, impacting both purchase and refinance applications during the year-end slowdown; purchase applications were 17% lower year-over-year.
Progress
36% Bias Score
Mortgage Rates Hit Six-Month High at Nearly 7%, Hampering Housing Market
Thirty-year fixed-rate mortgages averaged nearly 7% the week ending January 2, 2025, the highest level in six months, driven by rising 10-year Treasury yields despite recent Fed rate cuts, leading to decreased mortgage applications and persistent affordability challenges.
Mortgage Rates Hit Six-Month High at Nearly 7%, Hampering Housing Market
Thirty-year fixed-rate mortgages averaged nearly 7% the week ending January 2, 2025, the highest level in six months, driven by rising 10-year Treasury yields despite recent Fed rate cuts, leading to decreased mortgage applications and persistent affordability challenges.
Progress
48% Bias Score
UK House Prices Rise 4.7% in 2024 Despite Affordability Challenges
Nationwide reported a 4.7% rise in UK house prices in 2024, reaching an average of £269,426 by December; however, affordability challenges persist, and upcoming stamp duty and interest rate changes are expected to impact the 2025 market.
UK House Prices Rise 4.7% in 2024 Despite Affordability Challenges
Nationwide reported a 4.7% rise in UK house prices in 2024, reaching an average of £269,426 by December; however, affordability challenges persist, and upcoming stamp duty and interest rate changes are expected to impact the 2025 market.
Progress
40% Bias Score
2025 Housing Market Outlook: High Rates, High Prices, and Limited Movement
Economists predict a 6.8% average 30-year mortgage rate in 2025 due to inflation from Trump's tax cuts and tariffs, resulting in high housing prices and limited market movement despite increased production and efforts to deregulate.
2025 Housing Market Outlook: High Rates, High Prices, and Limited Movement
Economists predict a 6.8% average 30-year mortgage rate in 2025 due to inflation from Trump's tax cuts and tariffs, resulting in high housing prices and limited market movement despite increased production and efforts to deregulate.
Progress
48% Bias Score
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.
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.
Progress
40% Bias Score
U.S. Pending Home Sales Surge 2.2% in November
U.S. pending home sales rose 2.2% in November to 79.0 on the NAR's Pending Home Sales Index, exceeding expectations and marking four months of gains due to increased inventory and adjusted buyer expectations of mortgage rates despite rates being above 6% for two years.
U.S. Pending Home Sales Surge 2.2% in November
U.S. pending home sales rose 2.2% in November to 79.0 on the NAR's Pending Home Sales Index, exceeding expectations and marking four months of gains due to increased inventory and adjusted buyer expectations of mortgage rates despite rates being above 6% for two years.
Progress
32% Bias Score