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Residential

real estate investors
Luke Babic CEO at Clever Real Estate (Credit: Clever Real Estate)

Nine in 10 residential real estate investors lost money on a single investment

A whopping 90% of real estate investors have lost money on an investment, with nearly half (42%) reporting losing more money than they’ve made in real estate investing, according to new research from Clever Real Estate. Further, nearly half of investors (42%) have lost $200,000 or more on a single investment. Alarmingly, 45% admit a…

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home ownership
(Credit: Pixabay)

Gen Zers experience significant barriers to homeownership

A new survey from St. Louis-based Clever Real Estate found that 60% of Gen Z worry they might never own a home, with nearly all adult Gen Zers (98%) citing significant barriers to homeownership. The primary obstacles cited by Gen Z include the high cost of homes (50%) and steep interest rates (31%). Currently, 61%…

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Phil Soper, president and chief executive officer, Royal LePage (Credit: Korby Banner)

Insufficient income keeps aspiring homeowners in Canada on the sidelines

Most Canadian renters can’t afford to buy a home, according to a recent Royal LePage survey, conducted by Hill & Knowlton. The renters report showed that 27 per cent of Canadians who currently rent their home say they plan to purchase a property in the next two years. Among those aged 18 to 34, that…

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Ametica hoysing
Orphe Divounguy, senior economist at Zillow (Credit: Zillow)

America’s chronic housing shortage worsens

The U.S. is now short 4.5 million homes as the housing deficit grows, according to a new analysis from Zillow. This deepening housing deficit is the root cause of the housing affordability crisis, now exacerbated by stubbornly high mortgage rates. “The simple fact is there are not enough homes in this country, and that’s pushing…

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C.A.R. President Melanie Barker (Credit: LinkedIn)

California’s housing market rebounds in spring 2024

USA: Spring homebuying season kicked off with encouraging start in California, as sales in April rose on both a monthly and yearly basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said. Meanwhile, the statewide median home price exceeded $900,000 for the first time ever, setting a new record-high. Existing, single-family home sales totaled 275,540 last month…

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(Lawrence Yun · Chief Economist at U.S. National Association of REALTORS)

US existing-home sales edge lower in March 2023

Existing-home sales pulled back more than expected in March in the U.S., according to the National Association of Realtors. Month-over-month sales declined in three out of four major U.S. regions, while sales in the Northeast remained steady. All regions posted year-over-year decreases. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and…

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(Jill Oudil, Chair of CREA)

Canadian housing market is off to a cold start in 2023

January was the worst month for home sales in Canada since 2009, statistics released by the Canadian Real Estate Association (CREA) show. Home sales edged back down 3% between December 2022 and January 2023, giving back all of December’s small gains and rejoining the mild downward trend observed since last summer. The actual (not seasonally…

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Helping homeowners avoid foreclosure

In these difficult economic times, many Americans are struggling to keep their homes. Lillian Powers, a real estate specialist with eXp Realty, has launched a new website, ForeclosureStopsHere.com, to help homeowners avoid the long-term negative effects of foreclosure. The website provides information on how to avoid foreclosure and what to do if you are already…

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