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April 23, 2007

Young adults are living with parents longer

Nearly one-third of Canadian young adults ages 21 to 34 are living with their parents according to a recent survey by BMO Bank of Montreal. These young people expect that it will take 3.8 years to save for a 15.4% downpament, but some analysts believe this is too optimistic given their low savings rate. Some recommend that these young adults seek out financial professionals to help them come up with realistic savings plans.

April 03, 2007

'Nail home' driven into ground

The world has been watching as a Chinese couple fought to save their home in the town of Chongqing from being bulldozed to make way for a shopping development. On Monday, April 2, their three-year struggle to save their home ended as they finally accepted a deal from the developer and their home was razed. The amazing part of this case is that the couple was able to hold out for so long. The developers excavated the land all around their home leaving an island where their house stood. The couple's story made the front page of The New York Times on March 27, 2007.

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Power Tools for International Real Estate Practitioners, from NAR's Information Central, provides information on research studies, websites, books, news, tips, and other resources for real estate professionals specializing in foreign investment and real estate in other countries.
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