Posted in home

Australian Home Prices May Rebound on Low Rates, Easy Credit

(Bloomberg) — Australian home prices may have bottomed out and could be set to rise through the end of the year on the back of lower interest rates and easier credit, according to Bloomberg Intelligence.



a house with trees in the background: Residential properties stand along a street in Brisbane, Australia, on Tuesday, May 7, 2019. Australian central bank chief Philip Lowe dashed expectations of an interest-rate cut, looking through recent weakness in inflation to hitch the policy outlook to a labor market that he says remains strong.


© Bloomberg
Residential properties stand along a street in Brisbane, Australia, on Tuesday, May 7, 2019. Australian central bank chief Philip Lowe dashed expectations of an interest-rate cut, looking through recent weakness in inflation to hitch the policy outlook to a labor market that he says remains strong.

Property prices have fallen just 3% since the Covid-19 crisis began, defying concern of a steeper slide. A plan to ease responsible-lending rules and mounting speculation for further loosening of monetary policy in coming months may unleash a wave of borrowing, Bloomberg Intelligence analyst Mohsen Crofts said in a report Wednesday.

Loading...

Load Error

What Bloomberg Intelligence says:

Home prices may have reached a near-term bottom in most

Read More
Continue Reading Australian Home Prices May Rebound on Low Rates, Easy Credit
Posted in home

Tampa Bay co-working spaces rebound as many tire of the home office

TAMPA — Most company offices may be deserted, but Bay 3 Co-Work is buzzing.



a person sitting on a bench next to a window: Brittany Ward sits at a desk at Bay 3 Co-Work, a multi-use co-working space at Armature Works, on Tuesday, Sept. 29, 2020 in Tampa. Despite the pandemic, co-working spaces say they're recouping most their members and then some.


© MARTHA ASENCIO RHINE/Times/Tampa Bay Times/TNS
Brittany Ward sits at a desk at Bay 3 Co-Work, a multi-use co-working space at Armature Works, on Tuesday, Sept. 29, 2020 in Tampa. Despite the pandemic, co-working spaces say they’re recouping most their members and then some.

Co-working spaces like Station House in St. Petersburg, Hyde House in Hyde Park Village and the new Office Evolution Space on Harbour Island are, too. It might not look the same as pre-pandemic days: There are no groups cluttered together, anyone walking about is in a mask, the hand sanitizer is plentiful, and the air smells of Lysol. But in 2020, these co-working spaces might be the closest to the pre-pandemic work life anyone can get.



a living room filled with furniture and a large window: Space at Bay 3 Co-Work, a multi-use co-working space located at Armature Works, on Tuesday, Sept. 29, 2020 in Tampa.


© MARTHA ASENCIO RHINE/Times/Tampa Bay Times/TNS
Space at Bay 3 Co-Work, a multi-use co-working space located

Read More
Continue Reading Tampa Bay co-working spaces rebound as many tire of the home office
Posted in home

Sick of staying home: China expects a Golden Week tourism rebound

BEIJING/SHANGHAI (Reuters) – China expects a significant rebound in domestic travel over the upcoming Golden Week holiday after the sector was pummelled by the novel coronavirus for months, with some flights selling out and travel platforms reporting a surge in hotel bookings.

Passengers wearing face masks following the coronavirus disease (COVID-19) outbreak walk at the Beijing Daxing International Airport ahead of Chinese National Day holiday, in Beijing, China September 25, 2020. REUTERS/Carlos Garcia Rawlins

The pent-up demand is fuelling optimism the Chinese travel industry has reached a turning point, with hopes the eight-day holiday from Oct. 1 will supercharge a tentative pickup seen in recent months, even as some trepidation over the virus lingers.

China’s resurgent travel industry offers a striking contrast to business in some other parts of Asia as well as in the United States and Europe, where the novel coronavirus is still circulating and gatherings are restricted.

Read More
Continue Reading Sick of staying home: China expects a Golden Week tourism rebound
Posted in home repair

Home Flipping Declines But Profits Rebound Across U.S. In Second Quarter Of 2020

Home Flipping Rate Down From First Quarter of 2020; Typical Investment Return Rises to Highest Level Since Late 2018; Percent of Flips Financed With Cash Dips But Remains High

IRVINE, Calif., Sept. 17, 2020 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second-quarter 2020 U.S. Home Flipping Report showing that 53,621 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 6.7 percent of all home sales in the second quarter of 2020, or one in 15 transactions. That figure was down from 7.5 percent of all home sales in the nation during the prior quarter, or one in 13, but up from 6.1 percent, or one in 17 sales, in the second quarter of last year.

ATTOM Data Solutions (PRNewsfoto/ATTOM Data Solutions)
ATTOM Data Solutions (PRNewsfoto/ATTOM Data Solutions)

U.S. Home Flipping Trends

Read More
Continue Reading Home Flipping Declines But Profits Rebound Across U.S. In Second Quarter Of 2020
Posted in home improvement loans

Home Flipping Declines But Profits Rebound Across U.S. In Second Quarter Of 2020 | Nachricht

IRVINE, Calif., Sept. 17, 2020 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second-quarter 2020 U.S. Home Flipping Report showing that 53,621 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 6.7 percent of all home sales in the second quarter of 2020, or one in 15 transactions. That figure was down from 7.5 percent of all home sales in the nation during the prior quarter, or one in 13, but up from 6.1 percent, or one in 17 sales, in the second quarter of last year.

ATTOM Data Solutions (PRNewsfoto/ATTOM Data Solutions)

U.S. Home Flipping Trends Chart

While the home-flipping rate dropped from the first to the second quarter, both profits and profit margins rose. The gross profit on the typical home flip nationwide (the difference between the median sales price

Read More
Continue Reading Home Flipping Declines But Profits Rebound Across U.S. In Second Quarter Of 2020 | Nachricht
Posted in home remodeling

Sector Watch: Work-from-home stocks look to rebound (NYSEARCA:WFH)

Work-from-home stocks tracked the broader technology selloff into correction territory last week.

The Nasdaq Composite is down 10.7% from its recent high, in what’s considered a correction. The Nasdaq 100 is also down 10.7%. Both fell below their 50-day simple moving averages this week.

“Prudence, rather than conviction about what the future may hold, suggests that a partial rebalance out of QQQ and its richly-valued components is probably a good idea at current levels,” D.M. Martins Research wrote on Seeking Alpha.

The Direxion Work From Home ETF (NYSEARCA:WFH) is down 2.2% in the last five days, but is off 10.7% from its recent September highs.

Cloud communications company Twilio (NYSE:TWLO) is the largest holding, at 4.95% of the ETF. It’s down nearly 4% in the last five days and off more than 20% from the recent closing high hit on Sept. 1. But it’s still up more than 157% in

Read More
Continue Reading Sector Watch: Work-from-home stocks look to rebound (NYSEARCA:WFH)