Australia’s new shrinking houses and apartments

Source: Global Property Guide: http://www.globalpropertyguide.com/news-Australia’s-shrinking-houses-and-apartments-2863

Australians own the world’s biggest residential lots.  It’s a big country, and the size of Australians’ houses and apartments have long been a source of amazement in other, less lucky, countries.

But soaring land and home prices in the “lucky country” have ushered in a new trend  – smaller-sized houses and apartments, according to recent research. The Urban Development Institute of Australia (UDIA) says that Australians are accepting smaller houses and apartments, in a new report, the “2016 State of the Land Report”. (more…)

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Home Price Recovery Signals Boon for Landlords

By Chris Hoeffel, Chief Financial Officer | March 16, 2016 | Colony American Finance | Industry News | Real Estate | Single-Family Rentals

Home prices nationwide increased over 5% in November, according to the S&P/Case Shiller U.S. National Home Price Index, which tracks home prices in 20 US metro areas.  Since the nadir of the market in March 2012, home prices have increased nearly 35%, although national prices are still below the peak levels seen in late 2007.  In fact, November marks the 12th consecutive quarter of home price appreciation.  Furthermore, home inventories are well below the norm; as of December, the supply of existing homes represented a 3.9 month supply, well below the 6 months that economists believe indicates a healthy market.  All signs indicate that we are in a “sellers’ market” for residential real estate. (more…)

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