No Picture
United States Economy

U.S. new-home prices plunging at fastest pace in 36 years

Overnight we saw the data released showing prices of new homes in the US fall 9.7% yoy to September. This is believed to be the fastest falls for 36 years. New home sales are now down 14.2% for the year with inventories up 14.4% over the same period. » New-home

No Picture
Australian Housing

Bargains in Sydney’s West – 64% discount.

The weekend has highlighted some potential bargains in Sydney. In Cabramatta, a 1 bedroom unit sold for an entire $95,000. At the peak of Sydney’s property boom in 2003, it had changed hands for $262,000. That’s a fall of 64% for the mortgagee repossession. Over in Annandale another mortgagee repossession