Tag Archives: Housing

Housing Prices Continue to Soar in Many Countries Around the World

While most economic indicators deteriorated last year, house prices largely shrugged off the effects of the pandemic. Of the over 60 countries that enter into the IMF’s Global House Price Index, three-quarters saw increases in house prices during 2020, and this trend has largely continued in countries with more recent data. IMF research indicates that low interest rates contributed to the boom in house ... Read More »

Is Facebook’s billion-dollar housing pledge enough?

San Francisco has the highest salaries in the world, thanks to big tech companies like Salesforce, Facebook, and Google. But those outside the tech sector are struggling. Many people have been forced to move far outside of city limits, enduring one-way 90-minute commutes as a result. In an effort to fix this problem, Facebook announced yesterday that it would give $1 billion to help ... Read More »

Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

Americans may be losing money in their stock portfolios this week, but they are gaining purchasing power in the housing market. Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury. The average rate on the popular 30-year fixed has fallen 21 ... Read More »

Saudi’s $19 Billion Stimulus Will Prioritize Housing and Small Business

Saudi Arabia on Thursday unveiled a 72 billion-riyal ($19.2 billion) program to bolster private-sector growth, with money to support housing construction as well as fee waivers for small businesses, Commerce and Investment Minister Majid Al-Qasabi said. The package, part of a four-year, 200 billion-riyal stimulus program announced last year, contains 17 separate initiatives the government hopes will result in direct and ... Read More »

Housing Co-Founder Advitiya Sharma Quits: Report

Advitiya Sharma, co-founder and former board member at property listings platform Housing.com, has quit the company to start a new venture. The development was reported on Wednesday, as an internal email marked to CEO Jason Kothari and Housing.com employees. “It is with great attachment that I choose to detach, and walk a different path,” writes Sharma in the letter that ... Read More »