New US Home Sales Jump to Highest Level Since September
Sales of new homes in the US bounced back broadly in March as an abundance of inventory helped drive prices lower.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Sales of new homes in the US bounced back broadly in March as an abundance of inventory helped drive prices lower.
Hong Kong developer Lai Sun Development Co. is considering options for a planned office tower in the City of London, including a potential sale of a stake in the project.
Germany’s financial regulator BaFin is taking a closer look at the real estate used by lenders to secure covered bonds known as Pfandbriefe, a €400 billion market traditionally considered among the safest in credit.
Taylor Wimpey Plc is failing to see lower mortgage rates translate into higher levels of home sales and is maintaining its forecast for fewer deals in 2024.
Chinese mainland investors increased their portion of total turnover of Hong Kong stocks to a record daily average in April, with the latest measures to bolster the city’s position potentially boosting their purchases.
Feb 1, 2023
The Canadian Press
The Calgary Real Estate Board says January's new listings fell to a level not seen since the last 90s as home sales declined 40 per cent from the year before.
The Albertan board says new listings for the month amounted to 1,852, a 25 per cent drop from January 2022.
Meanwhile, home sales totalled 1,199 compared with 2,004 in the January prior.
The board attributed the slowdown to higher lending rates that are causing many buyers to seek out lower-priced homes and preventing some from upgrading to other properties.
The average price of a home in the region hit $508,189 in January, a less than one per cent drop from a year ago.
However, the benchmark price of $520,900 was five per cent higher than January 2022.
This report by The Canadian Press was first published Feb. 1, 2023.