
US Previously Owned Home Prices Fall for First Time Since 2012
The median sales price of a previously owned US home slid in February for the first time since 2012, offering some relief for buyers still faced with high borrowing costs.
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The median sales price of a previously owned US home slid in February for the first time since 2012, offering some relief for buyers still faced with high borrowing costs.
Homebuilders are rising as much as 1.7% Tuesday after data showed previously owned home sales snapped a yearlong slide, rising in February by the most since mid-2020.
A bomb threat was called in just as a judge in lower Manhattan was about to start a hearing over a $250 million lawsuit by New York Attorney General Letitia James against Donald Trump.
New York Attorney General Letitia James asked a state judge to force the accounting firm Whitley Penn LLP to produce documents and testimony in her $250 million lawsuit against Donald Trump.
US sales of previously owned homes rose in February by the most since mid-2020, snapping a record year-long slide tied to rising interest rates and affordability constraints.
Mar 4, 2020
BNN Bloomberg
,Canada's largest housing market has posted another month of double-digit home price growth as the number of properties available for purchase continues to dwindle.
Home sales surged 45.6 per cent year-over-year across the Greater Toronto Area in February as 7,256 homes traded hands, according to data released Wednesday by the Toronto Regional Real Estate Board.
Staying true to a recent trend, active listings plunged 33.6 per cent year-over-year.
The combination of surging sales and a sharp decline in options for prospective homebuyers bumped the average selling price up 16.7 per cent to $910,290.
"Sales growth well in excess of listings growth is once again the norm. This is because the temporary effects of the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test have largely worn off," TRREB Chief Executive Officer John DiMichele said in a release.