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Search resuls for: "Real Estate Institute"


6 mentions found


☆ New Zealand house prices dip in October, sales activity steadily improving -REINZ
  + stars: | 2023-11-15 | by ( Lucy Craymer | ) www.reuters.com   time to read: +1 min
Residential houses can be seen along a road in a suburb of Auckland in New Zealand, June 24, 2017. REUTERS/David Gray/File Photo Acquire Licensing RightsWELLINGTON, Nov 16 (Reuters) - New Zealand house prices fell slightly in October but sales activity is showing a steady improvement on 2022, the Real Estate Institute of New Zealand (REINZ) said on Thursday. Seasonally adjusted median house prices fell 0.9% in October compared with September, and were down 2.8% from a year earlier, REINZ data showed. Seasonally adjusted national home sales volumes fell 10.7% from September but were up 4.0% from October 2022. “Many vendors and buyers are showing confidence that it’s a better time to sell now and a good time to buy,” she said.
Persons: David Gray, Jen Baird, ”, Lucy Craymer, Chris Reese Organizations: REUTERS, Rights, Real Estate Institute, New Zealand, REINZ, Thomson Locations: Auckland, New Zealand
☆ Surging Tokyo property prices squeeze out young professionals
  + stars: | 2023-10-04 | by ( Mariko Katsumura Rocky Swift | Mariko Katsumura | Rocky Swift | ) www.reuters.com   time to read: +4 min
[1/3] Tokyo Tower is seen from the 52nd floor of 'Azabudai Hills Mori JP Tower', developed by Mori Building Co., during press preview of the complex in Tokyo, Japan, in this photo taken by Kyodo on August 8, 2023. "Housing prices and rents have risen a lot compared to the past, but in the end, salaries haven't gone up that much." After weathering decades of deflation and stagnant growth, Japan is seeing an investment boom that has made apartments in central Tokyo unaffordable for young Japanese professionals. For locals, the surge in prices has made Tokyo the second most unaffordable city worldwide, only behind Hong Kong, according to a UBS global real estate report. Average condo prices in central Tokyo were bumped up in the past year by a large supply of high-end residences hitting the market.
Persons: Kawamata, she'd, I'm, haven't, Cushman, Mari Kumagai, Kumagai, Wang Mao San, Wang, Mari Mochizuki, who's, Mariko Katsumura, Rocky Swift, Sonali Paul Organizations: Mori, Kyodo, REUTERS Acquire, Rights, Real Estate Economic, UBS, Reuters, Cushman & Wakefield, Wakefield, Shingi, fusaya Realty Inc, Super, Japan Real Estate Institute, Thomson Locations: Tokyo, Japan, Hong Kong, London, Singapore, New York, China, Asia, Asia Pacific, Australia, Taiwan, Taiwanese, Osaka, Tokyo's
☆ Want to live in London or New York? Good luck if you’re renting
  + stars: | 2023-09-23 | by ( Anna Cooban | ) edition.cnn.com   time to read: +7 min
London CNN —In May, Viveca Chow hurriedly transferred $3,700 over her phone while standing in the lobby of a building in Queens, New York. Average rents in New York and Sydney grew by an inflation-busting 4.7% and 6.9% respectively in the year to August, according to real estate firm Knight Frank. While growth in rental costs in both cities has slowed compared with its pandemic peaks, average rents are still at all-time highs. The Manhattan skyline reflected on the East River Ferry near the Queens borough of New York CIty in August 2022. Lifestyle influencer Viveca Chow feels lucky to have found a rent-stabilized apartment in New York City.
Persons: Viveca Chow, Chow, Knight Frank, Ismail Ferdous, Realtor.com, SpareRoom, Barnaby Scudds, “ I’m, ”, Andy Raim, Matt Hutchinson, ” Hutchinson, Liam Bailey, ’, Sadiq Khan, Nikodem Szumilo, ” Szumilo, Szumilo, Viveca, ” Chow, you’re Organizations: London CNN —, CNN, Bloomberg, Getty, Hamptons, Office, National Statistics, Bartlett Real Estate Institute, University College London Locations: Queens , New York, New York, Sydney, Manhattan, Queens, London, United Kingdom, Bartlett, Tokyo, New York City, That’s
☆ Real estate agents say they can’t imagine working without ChatGPT now
  + stars: | 2023-01-28 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +7 min
This made it so much easier.”Johannes is among the real estate agents experimenting with ChatGPT since it was released publicly in late November. Miami real estate broker Andres Asion. Serge Reda, a commercial real estate executive and adjunct professor at the Fordham Real Estate Institute, said some use cases for ChatGPT are better than others. While ChatGPT has generated a wave of interest among realtors, incorporating artificial intelligence in the real estate market isn’t entirely new. Although it’s too early to say if the tool will become a mainstay in real estate, realtor Johannes believes AI in general will transform his industry and others.
☆ A house price slump is coming. Rising unemployment could make it much worse
  + stars: | 2022-11-23 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +10 min
Brendon O'Hagan/Bloomberg/Getty ImagesNew Zealand is at the sharp end of a global housing market squeeze that has grim ramifications for the world economy. “In an ideal world, you’ll get a bit of froth blown off the top [of house prices] and everything is fine. “A decisive increase in unemployment is a very big danger for housing markets,” said Slater of Oxford Economics. Qilai Shen/Bloomberg/Getty ImagesA drag on the economyMost market watchers are not expecting a repeat of the 2008 housing market crash. But even a modest a fall in house prices will knock confidence, causing homeowners to cut back on spending.
☆ New Zealand house prices down 7.5% on year -REINZ
  + stars: | 2022-11-14 | by ( ) www.reuters.com   time to read: 1 min
WELLINGTON, Nov 15 (Reuters) - New Zealand house prices rose slightly in October on the prior month but buyers remain hesitant as mortgage interest rates continue to rise, the Real Estate Institute of New Zealand (REINZ) said on Tuesday. Seasonally adjusted median house values rose 0.7% in October compared with the previous month, but were down 7.5% on October 2021, according to REINZ. "Several compounding factors have created uncertainty and hesitancy in the market where there was confidence and urgency last year," said Jen Baird, chief executive at REINZ. Reporting by Lucy Craymer; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
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