Democratic senators call on Fed to cut interest rates over high housing costs
Several Democratic senators urged the Federal Reserve on Sunday to cut interest rates, which they argue have “aggravated the country’s persistent crisis of housing access and affordability.” In a letter to Fed Chair Jerome Powell, Sens. Elizabeth Warren (D-Mass.), John Hickenlooper (D-Colo.), Jacky Rosen (D-Nev.) and Sheldon Whitehouse (D-R.I.) said the central bank’s
UK: Huge Effort Needed To Fix Housing Issues
A “wartime mentality” is required to improve the lives of tenants and tackle the backlog of housing repairs in Birmingham, campaigners have said. Birmingham Fair Housing Campaign said was continuing to receive calls from families battling mould and damp, despite assurances from council
Inflation And Exchange Rate Spikes Ignite Borrowing In The Real Estate Sector
The real estate and construction sectors in Nigeria have witnessed a surge in bank borrowings, but this hasn’t translated into an improvement in housing stocks. The rise in inflation and exchange rate volatility poses challenges to developers, potentially leading to a crisis as
10 Emerging Real Estate Marketing Trends For 2024
In the dynamic realm of real estate, where every square foot counts and every transaction is a milestone, the landscape is constantly evolving. As we step into a new era marked by technological advancements, shifting demographics, and changing consumer behaviors, the real estate
Top Real Estate Companies In Abuja To Look Out For In 2024
The Housing Outlook for 2024 in the Real Estate Sector is looking positive, with Experts predicting better prospects for the industry. The Real Estate Industry witnessed tremendous growth in 2023 despite the various trepidation of the economy. Despite the odds, various Real Estate
UN partners States in Nigeria to provide homes for IDPs
The United Nations UN Migration Agency, the International Organisation for Migration (IOM), said it is partnering with the Federal Government and some states to provide houses for Internally Displaced Persons (IDPs) in the North East, a move that would see them leaving transitional
Tackling the global housing crisis with bamboo
While inflation drives up construction prices worldwide, green, disaster-resilient and local bamboo building technology represents an affordable alternative. By 2030, it is predicted that 3 billion people worldwide will be living in substandard housing. Affecting their education, health and livelihood, this is one
Fatal House Fire Claims Life of 80-Year-Old and 50 houses in Benue Village
A horrifying incident unfolded in the quiet village of Tse Agubor Gyaruwa, Tsambee – Mbesev Council Ward, located in the Gwer West Local Government Area of Benue state. An 80-year-old woman lost her life in a devastating fire that consumed over 50 houses,
Unveiling the Top 6 Affordable Renting Hubs in Lagos State
With over 80% of Lagos’ population residing in rented accommodations, finding an affordable home seemed like an elusive dream. However, a recent market report by Estate Intel reveals the six most affordable areas in Lagos, offering hope to those with tight budgets. Agege:
5 real estate factors beyond your control in Lagos
Real estate investment is a complex venture that involves both strategic decision-making and an understanding of external factors that can significantly impact returns. In this article, we will delve into five crucial factors that are likely to affect real estate investments in Lagos,
