Buy & Sell

Are Baby Boomers Causing Shortage in Real Estate Inventory?

Economists now argue that baby boomers - the people who rocked at Woodstock and were active in campus protests - who used to take out mortgages and buy lots of real estate are not downsizing fast enough and aren't putting their houses for sale as earlier generations did. As they refuse to move, it contributes to inventory shortages and an increase in prices, Chicago Tribune reports.

Pending Home Sales In October Has Gone Up Just 0.2%

Noticeable slump in home sales blamed on high home prices and low inventory across all regions in the US.

Government Imposes Tougher Penalties for Foreigners Who Breach Australian Residential Property Investment Rules

New tougher procedures for foreign property investment in Australia takes effect this week. It was in May that the Australian government announced that Foreigners who have brought property legally only have until the end of November to voluntarily disclose ownership.
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