Uptick in small, medium house price growth

Uptick in small, medium house price growth


Cape Town - Nominal year-on-year growth in the average value of middle-segment homes in the South African residential property market remained in single digits in January 2016, according to Jacques du Toit, property analyst at Absa Home Loans.
He pointed out on Friday that there was a recent gradual rising trend evident in price growth in two categories of housing analysed in the latest Absa house price indices.
"Despite challenging economic conditions that affect consumers, such as rising inflation and interest rates, the uptick in price growth in some segments of housing was largely the result of the base effect of slowing price growth a year ago," he explained.
In real terms - that is after adjustment for the effect of headline consumer price inflation - price growth remained low in the middle segment of the market.


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8 Things You Should Never Say When Buying a Home

If you're in the throes of house hunting, chances are you're excited -- whether it's your first home or your fifth. It's an emotional roller-coaster ride!


Seeing something you love (or hate) can often cause you to blurt all kinds of things, some of which you might regret. Because while you can (and should) always be upfront with your Realtor, you might not want to be quite so candid around the sellers (or the listing agent working for them). The reason? Just like in "Law & Order," what you say can -- and will -- be used against you.


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Housing Boom Time? U.S. Mortgage Market Outlook for 2016

With 2015 rapidly fading in the rear view mirror, U.S. homebuyers and sellers are seeing their thoughts turn to the 2016 residential real estate market.

Several factors that could impact the real estate sector are already in play -- a fresh interest rate hike from the Federal Reserve (with more rate hikes likely to follow in 2016), stronger U.S. gross domestic product growth and a moderately stronger jobs market should bolster the economy and raise both mortgage rates and home prices, experts say.


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It now cost $1.15 million to buy a Manhattan home

The median sale price in the New York City borough hit a record high of $1.15 million in the fourth quarter of 2015, according to the latest report by real estate appraisal firm Miller Samuel for Douglas Elliman Real Estate.


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The 10 Biggest Commercial Real Estate Stories of 2015

The 10 Biggest Commercial Real Estate Stories of 2015


Whatever else you can say about 2015, it was without a doubt a very big year for the U.S. commercial real estate industry. Here we look back at some of the biggest deals and trends that happened in the past 12 months.  ... http://flip.it/_Il6R

Top 5 Real Estate Calculations

Top 5 Real Estate Calculations

Despite what many of us would prefer, real estate does involve some math. Luckily, most of the formula’s are rather simple. So here we go with the top five real estate calculations (according to me, that is):

1. Cap Rate: 

Net Operating Income/Total Price of Property

This is mostly used for valuing apartment complexes and other commercial buildings. You want to have a cap rate that is at least as good, preferably better, than comparable buildings in the area. I almost always want to be at a 10 cap rate or better. And always be sure to use real numbers...



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