Tag: housing
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‘Makes us stronger, not weaker’: London’s diversity keeps it among world’s influential cities, says mayor
London was named this year’s Lee Kuan Yew World City Prize laureate for its exceptional ability to reinvent itself and drive transformational change across a densely built metropolis.
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What’s the average age of first-time homebuyers across Europe?
Fewer than seven in ten EU households live in owner-occupied homes. Euronews Business takes a closer look at the age at which Europeans buy their first home, which varies widely across the continent, based on exclusive data provided by RE/MAX.
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Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates
Mortgage demand from both current homeowners and potential buyers rose sharply, even though interest rates rose as well.
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Buying a home in Spain now takes eight years of gross pay
House prices rose 20.5% in 2025, while wages edged up just 1%. The Balearic Islands and Madrid are where buying a home demands the greatest financial effort.
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Spaniards now spend half their salary on rent
An estate portal study shows the average wage share has risen 12 percentage points since 2019. Madrid and Catalonia, with 70% of pay, top the regional ranking.
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Home sales surged in May to the highest level since December
Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.
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Higher mortgage rates don’t just keep buyers on the sidelines. Application denials rise too
The denial rate in loan applications was 15.1% in 2024, up from 12.2% in 2021, a rise that occurred alongside surging mortgage rates, the St. Louis Fed found.
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Sellers are pulling homes off the market at the fastest pace since 2020
Frustrated sellers are pulling their homes off the market at an increasingly high pace, as demand weakens and bidding wars wane.
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GOP Sen. Tillis slams Trump intelligence pick Pulte: ‘Don’t think he has a prayer’
Pulte is widely viewed as a Trump loyalist who has targeted the president’s political foes during his tenure leading the housing regulatory agency.
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Mortgage rates are easing slightly, but homebuyers are retreating
Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall.
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