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Home Affordability Hits 10-Year Low in U.S.

According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, rising U.S. home prices and interest rates pushed housing affordability to a 10-year low in the second quarter of 2018. In all, 57.1 percent of new and existing homes sold between

Mortgage bank begins rent-to-own housing for workers

The Federal Mortgage Bank of Nigeria (FMBN) has approved the implementation of a Rent-To-Own Housing Scheme. The rent-to-own housing project targets Nigerian workers who are contributors to the National Housing Fund (NHF) and will be implemented in phases. About 3,000 houses are planned for the

Mortgage Rates in U.S. Dip in Early August

  According to Freddie Mac most recent Primary Mortgage Market Survey, U.S. mortgage rates were mostly unchanged the first week of August 2018, but did ease up slightly. Sam Khater, Freddie Mac’s chief economist, says mortgage rates have mostly drifted sideways this summer. “This stability

Growth in global top end property markets slowing down

Prime property price growth in key cities around the world is falling, up just 2.6per cent in the 12 months to June 2018, the weakest annual rise since the first quarter of 2012, the latest index shows. Overall, the number of cities registering double digit

Mortgage market flat; building societies positive

Figures from the Building Societies Association show that in the first six months of 2018, 31 per cent of UK mortgage approvals were from a building society, an increase of nearly 4 per cent year-on-year. These numbers appear to back up the assertion from both Santander

Less than 10% of Nigerians insure their buildings

Despite the huge benefits in home and property insurance, investigations have showed that less than 10per cent of estimated 198 million Nigeria’s population insure their buildings. Findings show that lack of trust, cultural beliefs, delays in payment of claims and failure of the operators to

U.K. Housing Market Stays Subdued as Brexit, Rates Deter Buyers

The U.K. housing market remained listless in July as Brexit uncertainty intensified and Britons braced for an interest-rate increase from the Bank of England, according to the Royal Institution of Chartered Surveyors. Prices and sales stagnated and property values in London continued to fall, RICS said

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