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Home sales

July home sales dipped on monthly basis, but up from a year ago, says CREA

by Anas Siddiqui
July home sales dipped on monthly basis, but up from a year ago, says CREA

Canadian home sales dipped by 0.7 per cent in July from the month before, the Canadian Real Estate Association said on Thursday. But monthly sales activity was 4.8 per cent higher than …

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23 Bay Area towns have become ‘$2 million’ cities

by Vera Ward
23 Bay Area towns have become ‘ million’ cities

The list of Bay Area cities where the typical home value tops $1 million is no longer remarkable — most towns qualify. The real badge of honor these days? Joining …

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China property recovery elusive despite relief, say S&P, Fitch; others see bright spots

by Anas Siddiqui
China property recovery elusive despite relief, say S&P, Fitch; others see bright spots

Beijing’s most ambitious attempt yet to support China’s slumping property market was panned by S&P Global and Fitch Ratings, as the two agencies predict more downside for the crisis-hit sector, …

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Home sales fell to historic lows while prices hit record highs in May

by Anas Siddiqui
Home sales fell to historic lows while prices hit record highs in May

(NewsNation) — U.S. home sales in May dropped to the third-lowest level in a decade as homebuyers continue to face elevated mortgage rates, record-high prices and low inventory. Last month, …

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New home construction rose while home sales came down in May

by Anas Siddiqui
New home construction rose while home sales came down in May

The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing …

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China’s new home prices in May saw sharpest fall in nearly 10 years despite rescue package

by Anas Siddiqui
China’s new home prices in May saw sharpest fall in nearly 10 years despite rescue package

New home prices in China extended a decline in May, falling by the most in nearly 10 years as a massive rescue package has yet to make an impact. Prices …

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China’s central bank backs Beijing’s property destocking plan as housing sales crawl

by Anas Siddiqui
China’s central bank backs Beijing’s property destocking plan as housing sales crawl

China’s central bank has backed the government’s plans to use public resources to absorb the nation’s unsold homes as it moves to remove an inventory overhang in the world’s largest …

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Mortgage closing fees are in the hot seat. Here’s why the feds are looking into them.

by Ron Morgan
Mortgage closing fees are in the hot seat. Here’s why the feds are looking into them.

The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling “junk fees in mortgage closing costs.” These additional fees, involving home appraisal, title insurance and …

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China needs to inject US$276 billion into property market to stabilise prices: Goldman Sachs

by Anas Siddiqui
China needs to inject US6 billion into property market to stabilise prices: Goldman Sachs

China needs to inject about 2 trillion yuan (US$276 billion) into its crisis-hit property market to mop up some 10 per cent of the housing inventory and stabilise property prices, …

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Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

by Anas Siddiqui
Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely …

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