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Jul 2020

Interest Rate

Interest Rate Cut to Speed Up Recovery in Housing Market

The record-breaking streak of interest rates cuts in January through to May has already spiked interest in the first-time buyers’ market. The housing market received further good news when today, the Monetary Policy Committee (MPC) announced that the interest rate will drop by 25 basis points. The repo rate, therefore, lowers to 3.5%, leaving the prime lending rate at...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Simply Unbelievable!!! Best month in the history of RE/MAX SA!!!!

  RE/MAX National Housing Report for June 2020Home Sales Post Near-Record Turnaround Despite Inventory Constraint.DENVER, July 17, 2020 /PRNewswire/ -- RE/MAX, LLC announced today June home sales posted a near-record 37% gain over a pandemic-impacted May while Months Supply of Inventory dropped below two months for the first time in the report's 12-year history. Overall, U.S. home sales returned...

Homeowners

Retired homeowners in SA could soon apply for a ‘reverse mortgage’

Retired South Africans who own homes but are cash-strapped may now apply for a loan, or “reverse mortgage,” suggested in a recent policy paper by the World Bank as a way to supplement pension income. Lending company, Water Financial, led by financier and former COO of twenty20 bank, Chris Loker, has launched the financial solution for single retirees over 75 who own a home and who qualify. The...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

10 Incredible Before-and-After Living Room Makeovers

Living rooms are usually one of the first rooms you think about decorating or redesigning when moving into a new place or when it is time for a makeover. Some rooms might be dated or no longer functional; other rooms may be too spacious or too cramped. There are fixes for every budget and every taste and style to consider. Here are 10 before-and-after makeovers for living room spaces that were ready for...

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