Latest news with #homesforsale
Yahoo
3 days ago
- Business
- Yahoo
Stylishly five-bedroom house on the market for £599,950
A five-bedroom detached house in Llangwm is on the market for £599,950. This stylishly renovated home is set within a private development of just 16 properties in the peaceful village. The house, listed by Bryce & Co, combines modern elegance with practicality across its three floors. The property offers more than 3,500 sq ft of living space, with a striking galleried entrance hall and a bespoke oak staircase. One of the living spaces (Image: Bryce & Co) The principal reception room is complete with a ceiling-mounted projector and integrated studio-grade surround sound. The open-plan kitchen and dining area boasts bespoke cabinetry, premium appliances, and sleek work surfaces. A sunroom at the rear of the house features full-height apex glazing and French doors opening onto the garden. The first floor is centred around a galleried landing, with access to a balcony overlooking the front of the property. The bathroom (Image: Bryce & Co) This floor houses four double bedrooms, including a principal suite with a fitted dressing room and modern en suite. The second floor includes a substantial games or leisure room, a fifth double bedroom, and an additional en suite. The exterior of the house features a block-paved driveway, a paved terrace, and a level lawn. Additional features include a timber garden shed, a designated area for a hot tub, and mature hedging providing privacy. The property benefits from an oil-fired central heating system and underfloor heating to both the ground and first floors. The house is fitted with a ceiling-integrated speaker system, and high-speed connectivity is available via a Starlink satellite internet system.
Daily Mail
23-07-2025
- Business
- Daily Mail
US neighborhoods filled with 'for sale' signs as homes flood market
Homes for sale have completely flooded the US real estate market, with more listings now than any time since 2019. Slower demand from buyers is one contributor, according to Zillow's latest market report. Homes are lingering on the market and there is less competition for them, making it a great market for buyers if they care to move. In June, 1.36 million homes were for sale - the most since November 2019. A record-high 26.6 percent of listings dropped prices in June, as sellers desperately tried to entice buyers. The cuts were most common in the Sun Belt and Mountain States, specifically Denver. The share of listings with a price cut for June was the highest it has been in that month since 2018, according to Zillow records. The numbers were also closing in on an all-time high of 27 percent - a record held by September 2022. Price cuts are most common among Sun Belt and Mountain State markets that witnessed massive appreciation early in the pandemic. According to the Zillow Home Value Index - which measures typical home values in cities - Denver had the highest share of price cuts at 38.3 percent of the homes listed. The average home price there is $586,433. Raleigh, North Carolina, where the average home is worth $446,622, saw 36.4 percent of listings slash prices. In Nashville, Tennessee, where the average singe-family home is worth $457,836, 35.5 percent of listings had to cut their prices. Phoenix, which has an average home price of $453,381, saw 35.5 percent of sellers lower the price. And in Dallas, where the average home price is $372,023, 35.5 percent of sellers were forced to cut their listing prices. Other cities that saw home price cuts were Tampa, Florida, Salt Lake City, Indianapolis and Austin, Texas. Sellers had the upper hand through most of the past five years as demand for homes far outweighed the options available. But affordability for buyers is still a major challenge. Home value growth is at a standstill and mortgage costs have ticked down ever so slightly from a year ago. But high prices and borrowing costs are still big hurdles for buyers, especially first-timers. Inventory is still roughly 21 percent below pre-pandemic averages for June, but that deficit is expected to continue shrinking. Zillow forecasts inventory to approach pre-pandemic levels by the end of the year. For buyers, this is all good news. They have more options to choose from, more time to decide on a house and more bargaining power than in prior years. Sellers need to price realistically and set their listing apart from the crowd. But something else experts are seeing is that buyers are not in a rush. Listings that sell do so in 19 days - just one day faster than before the pandemic. That's compared to 15 days in 2024 and 11 in 2023. Zillow studied the housing market nationwide. In 22 of the 50 largest metropolitan areas, the markets are now labeled neutral, where neither buyers nor sellers have the upper hand. That's compared to 15 markets that were neutral in May and just eight at this time a year ago. New listings stepped down significantly from May to June, dropping 10.9 percent. Some of that is likely seasonal, since new listings peaked in May in 2018, 2019 and 2024. But some potential sellers are also seeing slower sales in many markets and deciding to hold off. Before having to lower listings, home prices had skyrocketed across the US since the pandemic, and it has become increasingly difficult for average Americans to purchase properties (according to 2024 Pew research, the middle class income range falls between $54,009 and $161,220). From March 2019 to March 2025, home values jumped an alarming 39 percent, according to the National Association of Realtors (NAR).
Daily Mail
22-07-2025
- Business
- Daily Mail
US neighborhoods plagued by 'for sale' signs as homes on the market hit worrying high post-pandemic
Homes for sale have completely flooded the US real estate market, with more listings now than any time since 2019. Slower demand from buyers is one contributor, according to Zillow's latest market report.
Yahoo
19-07-2025
- Business
- Yahoo
Three-bedroom home with conservatory in Bitterne Park on sale for £270,000
A three-bedroom terraced house in the sought-after location of Bitterne Park is on the market for £270,000. The property, listed by White & Guard Estate Agents, features an 18ft lounge, dining room, conservatory, and off-road parking. The ground floor of the house comprises an entrance hall, a kitchen, dining room, lounge, and conservatory. The kitchen has a double glazed window to the front, carpeted flooring, and a range of wall and base units with worktops. Lounge with fireplace, double glazed window and door opening into the conservatory (Image: White & Guard/Zoopla) There is also space for a cooker, washing machine, and fridge freezer. The dining room, with its laminate flooring and radiator, has a double glazed window to the front. READ MORE: 1930s home on the market for first time in over 40 years The lounge, featuring a fireplace, has a double glazed window and door leading to the conservatory. The conservatory, with its patio doors, provides access to the garden. Conservatory with patio doors providing direct access to the rear garden (Image: White & Guard/Zoopla) The first floor includes three bedrooms and a fitted family bathroom. All bedrooms have double glazed windows and radiators. The bathroom, with an obscure double glazed window to the front, includes a panel enclosed bath with a shower over, a WC, and a wash hand basin. The front of the property features a block paved driveway, providing off-road parking for multiple vehicles. The rear garden includes a hard standing patio leading to a lawn and woodchip area, with flowerbeds bordering the garden. Two purpose-built sheds are located at the rear, and the garden is enclosed with a wooden fence. Located in Bitterne Park, the property benefits from its proximity to primary and secondary schools, a local library, and Bitterne Park Triangle, which hosts several local shops and amenities. The property is also near Riverside Park, which runs along the edge of the River Itchen, offering opportunities for walking, cycling, and kayaking. Southampton's city centre, with its broad range of shops, bars, restaurants, cinemas, amenities, and mainline railway station, is within easy reach. Southampton Airport is around 20 minutes away. All main motorway access routes, including M27, M3 and A3 to London, are also nearby. Gas, electricity, water, and mains drainage are connected to the property. Fibre broadband is available with download speeds of up to 76 Mbps. The property has an EPC rating of D.
Daily Mail
11-07-2025
- Business
- Daily Mail
Homes for sale at seven year high as landlords flood the market
The number of homes for sale is at a seven-year high, according to the latest figures. Almost half a million properties were put on the market between April and June this year, according to data firm TwentyCi. The 493,500 total was 26,000 more than during the same period last year, and the highest number in any three-month window since 2018. The glut of homes for sale is being caused in part by landlords looking to sell up. The latest market survey by the Royal Institution of Chartered Surveyors (Rics) suggests landlords are heading for the exit amid higher interest rates, increasing regulation and the upcoming Renters' Rights Bill. The closely-watched monthly survey takes the temperature of Rics members - estate agents and chartered surveyors - and gives a snapshot of what is happening on the ground in the property market across the country. 'We're certainly seeing a big upturn in landlords looking to exit the market before the Renter's Rights Act comes into force, said Will Ravenhill, a Rics member in Leicester. Meanwhile, Howard Davis, a Rics member based in Bristol said this would 'in time make rental properties more expensive for tenants' because of 'less supply and increased demand.' Are homes on the market selling? Despite the glut of homes on the market, there has been an 8.7 per cent drop in the number of confirmed sales compared to the same period last year according to TwentyCi. This could be attributed to the first three months of 2025 seeing a frenzied rush from buyers aiming to complete before 31 March, which marked the end of the temporary stamp duty tax relief introduced in September 2022. 'The stamp duty changes in April cast a shadow over the market as brought-forward demand evaporated,' said Alex Bannister, independent board advisor at TwentyCi. 'Nevertheless, peering through the fog of data, you can make out a market which remains buoyant, with mortgage approvals for house purchases up in May. 'While house prices have flattened in the last few months, they are still up over 2 per cent on a year ago. 'Prospective homebuyers remain largely employed, getting pay rises and renting remains an unattractive alternative. Steady as she goes appears to be the order of the day for the UK housing market.' Where are the hottest housing markets? Manchester recorded the highest increase in demand of any major city between April and June, compared with the same period in 2024, according to TwentyCi. It found the number of sold subject to contract listings rose by 15 per cent in the city, followed by Cardiff at 11 and Edinburgh at 11 per cent respectively. Birmingham has also seen the number of listing showing as sold jump by 10 per cent year-on-year while Nottingham has seen sold listings rise 8 per cent. Demand rose across all major cities throughout April to June except for inner London, where demand dropped by 3.6 per cent. According to TwentyCi, the capital is becoming 'decoupled' from the rest of the UK housing market. Colin Bradshaw, chief executive of TwentyCi, said: 'Inner London properties are typically more expensive and tend to be financed through larger mortgages. Despite recent reductions, borrowing costs remain high, making affordability an issue. 'Demographically, many inner London homeowners are wealthier and less pressured to sell. If they can't achieve their desired price, they're choosing to withdraw from the market, reducing transaction volumes. 'Furthermore, the March 2025 reversal of temporary stamp duty reliefs has cooled demand, especially for high-value properties, which now incur significantly higher taxes.' How to find a new mortgage Borrowers who need a mortgage because their current fixed rate deal is ending, or they are buying a home, should explore their options as soon as possible. Buy-to-let landlords should also act as soon as they can. Quick mortgage finder links with This is Money's partner L&C > Mortgage rates calculator > Find the right mortgage for you What if I need to remortgage? Borrowers should compare rates, speak to a mortgage broker and be prepared to act. Homeowners can lock in to a new deal six to nine months in advance, often with no obligation to take it. Most mortgage deals allow fees to be added to the loan and only be charged when it is taken out. This means borrowers can secure a rate without paying expensive arrangement fees. Keep in mind that by doing this and not clearing the fee on completion, interest will be paid on the fee amount over the entire term of the loan, so this may not be the best option for everyone. What if I am buying a home? Those with home purchases agreed should also aim to secure rates as soon as possible, so they know exactly what their monthly payments will be. Buyers should avoid overstretching and be aware that house prices may fall, as higher mortgage rates limit people's borrowing ability and buying power. What about buy-to-let landlords Buy-to-let landlords with interest-only mortgages will see a greater jump in monthly costs than homeowners on residential mortgages. This makes remortgaging in plenty of time essential and our partner L&C can help with buy-to-let mortgages too. How to compare mortgage costs The best way to compare mortgage costs and find the right deal for you is to speak to a broker. This is Money has a long-standing partnership with fee-free broker L&C, to provide you with fee-free expert mortgage advice. Interested in seeing today's best mortgage rates? Use This is Money and L&Cs best mortgage rates calculator to show deals matching your home value, mortgage size, term and fixed rate needs. If you're ready to find your next mortgage, why not use L&C's online Mortgage Finder. It will search 1,000's of deals from more than 90 different lenders to discover the best deal for you. > Find your best mortgage deal with This is Money and L&C Be aware that rates can change quickly, however, and so if you need a mortgage or want to compare rates, speak to L&C as soon as possible, so they can help you find the right mortgage for you.
