The Houston Association of Realtors says the region’s real estate market is beginning to balance out, favoring buyers.
Houston Public Media · Houston’s real estate market shifting in favor of buyers
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Via Canada's #PMO - Mar 20, 2025
Prime Minister #Carney today announced..the Government of #Canada will eliminate the Goods and Services Tax (#GST) for first-time #homebuyers on homes at or under $1 million. This tax cut will save #Canadians up to $50,000 – allowing more young people and families to enter the #housing market and realize the dream of homeownership. By eliminating the GST, Canadians will face lower upfront housing costs and keep more money in their pocket
Prime Minister of CanadaPrime Minister Carney will eliminate GST for first-time homebuyersPrime Minister Carney today announced that the Government of Canada will eliminate the Goods and Services Tax (GST) for first-time homebuyers on homes at or under $1 million
The Fort Bend County Housing Finance Corporation says it will soon offer down-payment assistance to 60 homebuyers.
Houston Public Media · Fort Bend County Housing Finance Corporation to offer down-payment assistance for homebuyers
Big news for homebuyers! Labor is set to ban foreign investors from buying existing homes for at least two years, mirroring a previous Coalition policy. This means less competition from overseas buyers and a better chance for locals to secure their dream home! But wait… why only 2 years? 
Is this a short-term fix or the start of a bigger change? Let’s hope it’s the latter! 
#HousingMarket #HomeBuyers #LaborPolicy #HousingCrisis #Auspol
https://www.theguardian.com/australia-news/2025/feb/16/labor-to-ban-overseas-buyers-from-buying-existing-homes-for-at-least-two-years-replicating-coalition-policy#:~:text=Foreign%20investors%20are%20currently%20barred,a%20third%20were%20existing%20dwellings.
The Guardian · Labor to ban foreign investors from buying existing homes for at least two years, replicating Coalition policy
Insured mortgage cap hike a ‘game changer’ for some homebuyers
New rules coming into effect on Sunday could see Canadians take out insured mortgages on properties worth up to $1.5 million and expand the availability of 30-year amortizations.
#mortgage #homebuyers #Canada #Economy #Money #Canadahousingmarket
https://globalnews.ca/news/10916945/insured-mortgage-cap-amortization-changes-canada/
Insured mortgage cap hike a ‘game changer’ for some homebuyers
New rules coming into effect on Sunday could see Canadians take out insured mortgages on properties worth up to $1.5 million and expand the availability of 30-year amortizations.
#mortgage #homebuyers #Canada #Economy #Money #Canadahousingmarket
https://globalnews.ca/news/10916945/insured-mortgage-cap-amortization-changes-canada/
Texas needs hundreds of thousands more homes than it has, per one estimate. That shortage has driven up home prices and rents.
Houston Public Media · Texas must build hundreds of thousands of homes to lower housing costs, says state comptroller
New rules could reshape #homebuying. Here’s what it means for you. A recent settlement from the National Association of #Realtors takes effect Aug. 17, bringing new rules that affect #homebuyers and sellers alike. #buying #selling #homes #realestate #realtors https://www.washingtonpost.com/business/2024/08/17/realtor-commissions-settlement-explained/
Washington Post · New rules could reshape homebuying. Here’s what it means for you. A recent settlement from the National Association of Realtors takes effect Aug. 17, bringing new rules that affect homebuyers and sellers alike.
U.S. Sen. #Bernie #Sanders praised the
economic agenda outlined Friday by Democratic nominee #Kamala #Harris as
"an important step forward in making our country a fairer and more just society."
Sanders said it is "an #economic #agenda that begins to speak to the needs of #working #families and takes on the unprecedented #corporate #greed that is taking place throughout America."
"At a time when the price of #healthcare is soaring, Vice President Harris understands that we need to cancel #medical #debt in America," said Sanders.
"At a time when we have a major housing crisis, with 650,000 people experiencing #homelessness,
Vice President Harris understands that we have to build at least 3 million units of #affordable #housing, provide a $25,000 down payment for first-time #homebuyers,
and prevent #corporate #landlords from jacking up rent."
"At a time when millions of Americans are struggling to raise their kids," the senator added,
"Vice President Harris understands that we need to cut the child poverty rate by at least 50% by restoring and expanding the #Child #Tax #Credit included in the American Rescue Plan."
https://www.commondreams.org/news/sanders-harris-economic-agenda
Common Dreams · Sanders Hails Harris Economic Agenda as Important Step Toward 'More Just Society' | Common Dreams"The time is long overdue for our government to represent the needs of working families, not just wealthy campaign donors," said Sen. Bernie Sanders
Australian, New Zealand property markets face creeping #ClimateRisks - Reuters https://apple.news/A2ot99tdxQL2m47gmDaxIwA “Policymakers, researchers and property experts warn climate change is a risk that #HomeBuyers in #Australia and #NewZealand have not priced in as they pursue lifestyles near the water or bushland
#NaturalDisasters could wipe about A$800 billion off Australia's #housing market by 2030 or about 6.7% of the total value
In New Zealand, around 20% of houses are on #floodplains”
apple.newsAustralian, New Zealand property markets face creeping climate risks — ReutersWhen floods hit the eastern Australian town of Lismore two years ago, Adam Bailey lost all the historic collections from his antique store, including rare photos of the Dardanelles taken during World War One.
Mechanic Real Estate Market Blow Up
Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits
“#NationalAssociationofRealtors will pay $418 million in damages and will amend several rules that housing experts say will drive down housing costs.”
“Housing experts said the deal, and the expected savings for homeowners, could trigger one of the most significant jolts in the U.S. housing market in 100 years”
"The lawsuits argued that #NAR…had violated antitrust laws by mandating that the seller’s agent make an offer of payment to the buyer’s agent
#RealEstate #homebuyers #house #housing
https://www.nytimes.com/2024/03/15/realestate/national-association-realtors-commission-settlement.html?unlocked_article_code=1.c00.ioqc.k903joL2r3Pe&smid=url-share
The New York Times · National Association of Realtors Agrees to Slash Commissions to Settle Lawsuits
Continued thread
#Biden’s… #budget lays out broad policy planks that many leading #liberals have pushed him to embrace….W/ #Republicans in control of the #House, the proposals stand little chance of becoming #law, but they set the stage for a likely rematch w/ #Trump…. In a $7.2T budget for fiscal yr 2025, Biden would have #Congress offer universal #prekindergarten #education, provide 12 wks of #PaidFamilyLeave & #MedicalLeave, expand #AntiPoverty #TaxCredits & create a new #tax break for first-time #HomeBuyers.
Homebuyers must save decades before buying in Ontario’s largest cities: report
A study says gaps in saving timelines between singles and couples seeking to buy a starter home are getting larger across Ontario, particularly in pricier markets.
#globalnews #Canada #Homebuyers #RealEstate #Savings
https://globalnews.ca/news/10317482/homebuyers-face-decade-long-saving-timelines-report/
Restoring #ForeignInvestor confidence is not as important to #Beijing as ensuring that money goes back to #homebuyers and #investors in #China, say analysts. Offshore creditors are owed $25 billion by #Evergrande.
In September 2021 about 1.3 million to 1.5 million Chinese had already made payments for unfinished homes via pre-sales. This presents a huge social and political problem for #XiJinping's regime. #PropertyMarketCrisis
Insider · China property crisis: Beijing unlikely to rescue Evergrande creditors
Global News BC: Sales surged on cheaper detached homes in some big markets — then came rate hikes https://globalnews.ca/news/9911801/sales-cheaper-detached-homes-big-markets-rate-hikes/ #globalnews #britishcolumbia #news #GreaterVancouverArea #detachedhomeprices #GreaterTorontoArea #Canadarealestate #homepricesCanada #Canadahousing #DetachedHomes #FraserValley #RE/MAXCanada #CanadaNews #Homebuyers #RealEstate #Consumer #Housing #Canada
Global NewsSales surged on cheaper detached homes in some big markets — then came rate hikes
️ Financial shenanigans.
This system is supposed to help people get mortgages instead it's propping up FHLB salaries & corporate profits.
Cc'ing:
@rbreich @juddlegum @mollyjongfast @georgetakei
"In the end, the $1.5 trillion FHLB system contributed a mere $355 million to a program supporting housing affordability last year."
It’s meant to be a $1.5 trillion backstop for #homebuyers
It props up #banks instead. - Bloomberg Businessweek https://apple.news/AnQcUMiMRRyO1uwMdoZSQtg
apple.newsA $1.5 Trillion Backstop for Homebuyers Props Up Banks Instead — Bloomberg BusinessweekThe Federal Home Loan Bank system provides billions to banks curtailing mortgage lending, and millions to its executives
A Mississauga developer charged a buyer an extra $500K. Now its licence has been pulled | CBC News https://bit.ly/3P0jJ2J #HCRA #Developers #HomeBuyers #Permits #Fraud #onpoli
CBCAn Ontario developer charged a buyer an extra $500k. Now its licence has been pulled | CBC NewsOntario's Home Construction Regulatory Authority (HCRA) has revoked a developer's licence after the company tried to charge a buyer significantly more for a home than was contractually agreed upon.
Mortgage debt like a ‘ticking time bomb’
"Economists are issuing a dark warning... A report from #economists at #Desjardins Capital Markets says Canada’s #mortgage debt is “a ticking time bomb” and that the pain for mortgage holders has barely started. The bulk of mortgages taken out during the pandemic, when rates were at their bottom, will hit renewal time in 2025 and 2026, when Desjardins forecasts #homebuyers will face dramatic increases in their monthly payments." https://www.theglobeandmail.com/business/article-real-estate-housing-news-may-20/
The Globe and MailMortgage debt a ‘ticking time bomb’ and a market rebound: Canadian real estate news for May 20