Real estate industry
Seniors in Australia are increasingly turning to reverse mortgages to boost their income, pay off debts, and fund home renovations, according to a study by Royal Bank of Scotland (RBS) and Deloitte. The study of 425 retirees found that 32% of funds from reverse mortgages were used to repair and
Real estate industry
Front Porch, a non-profit provider of senior living communities, was recognized for its commitment to creating innovative and vibrant communities for older adults. The 2009 National Association of Home Builders (NAHB) 50+ Housing Council honored Front Porch with nine awards, including four Gold and five Silver awards, for its design,
Real estate industry
The tax system in the United States provides a significant subsidy to homeowners through the mortgage interest deduction and other tax benefits. The total subsidy is estimated to be around $110 billion, with the majority coming from the deductibility of mortgage interest. However, the subsidy is not evenly distributed among
Real estate industry
Fitch, a leading credit rating agency, has downgraded the credit ratings of Indian real estate developer Purvankara Projects and its debt program due to the challenging housing environment and financial constraints faced by the company. The rating was downgraded by one notch, with the long-term debt being revised to '
Real estate industry
The Board of Investments (BoI) has approved P4.634 billion worth of projects, primarily focused on low-cost mass housing developments, a sector that continues to receive tax and fiscal incentives from the government. The approved projects include five housing projects and one furniture export project, showcasing the government's
Real estate industry
The housing bubble's impact on the US economy can be attributed to the significant increase in mortgage equity withdrawal, which allowed homeowners to borrow against their rising home equity. According to a recent academic paper by Atif Mian and Amir Sufi, homeowners extracted an average of 25 to
Real estate industry
The Australian government has made a crucial move to bolster the real estate market by extending the boosted first home buyers grant, which was set to expire on June 30. The decision will see the grant continue to provide up to $7,000 for new homes and $3,500 for
Real estate industry
A recent release from the Australian Bureau of Statistics (ABS) indicates that the housing sector is showing signs of improvement, with a rise in residential building approvals in March. However, this growth is still mostly driven by green shoots, which, although promising, are not yet enough to signal a full
Real estate industry
As one of the first cities to be hit hard by the real estate collapse, Sacramento's housing market is now showing tentative signs of recovery. With sales up 45% from last year and the backlog of inventory diminishing, indications of progress are evident in other hard-hit areas such
Real estate industry
The rate of decline in home prices slowed significantly in February, a sign the housing market might be stabilizing, analysts said Tuesday. While home prices were still falling, they didn't tumble at their recent pace in February, according to a report released by Standard & Poor's
Real estate industry
The recent budget announcements, despite welcoming investments in the environmental economy and green housing, have been met with disappointment by the Human City Institute (HCI). The Institute had hoped for a more ambitious plan to tackle global warming and fuel poverty by retro-fitting the UK's housing stock, which
Real estate industry
Major banks in Australia have made significant adjustments to their interest rates for fixed mortgages, amidst market expectations of a possible cash interest rate cut by the Reserve Bank of Australia (RBA). ANZ Banking Group has lowered its two-year fixed mortgage rate by 20 basis points, while Westpac and Commonwealth
