HOME SALES

Spain home market

Home sales and purchases up 25.2% in April

The sale and purchase of homes increased by 25.2% in April in year-on-year terms, to 61,683 units, and the granting of mortgage loans for the purchase of housing rose by 37.8%, to 30,147 operations, according to data released this Wednesday by the General Association of Notaries. The average price per square metre stood at €1,669, which represents an increase of 0.5% compared to the same month last year, with particular…


Mortgage law Spain

House sales and purchases fall 19.3% in March

The sale and purchase of homes recorded a decline of 19.3% in March compared to the same month in 2023, to a total of 44,878 operations, according to the National Statistics Institute (INE), which revealed that this rate has fallen in thirteen of the last fourteen months. The data published by the National Statistics Institute (INE) leave the 5.8% rise recorded in February, with which the statistics broke a 12-month…





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Rising U.S. home prices signs for a housing rebound

NEW YORK | American homebuilders feel they are sort of turning the corner. On Tuesday the home price sector reported its most-improved selling season in a long time: according to the widely watched S&P/Case-Shiller index, home prices rose in March from February in most major U.S. cities for the first time in seven months. Lower borrowing costs and an improving job market also gave business a boost. Economists believe that…


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Lending not likely to loosen up soon, says Fed’s Ben Bernanke

NEW YORK | One of the keys of the severe financial crisis in the US were “liar loans”, given to people who did not even have a job. Four years later, many worthy homebuyers are paying for that. Banks have become so restrictive in their mortgages that many citizens are frozen out of the housing market, Federal Reserve Chairman Ben Bernanke said on Thursday. Bernanke said home mortgage credit outstanding…