
Florida Overtakes New York as Second-Biggest US Housing Market
Florida has overtaken New York to become the second most-valuable US housing market, according to a new study by Zillow.
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Florida has overtaken New York to become the second most-valuable US housing market, according to a new study by Zillow.
US consumer confidence slumped to a four-month low in September, dampened by a deteriorating outlook for the economy and labor market.
Home prices in the US climbed to a record high as the market bounces back.
Boaz Weinstein made his name trading in esoteric corners of the credit markets. But his most audacious bet yet may be trying to catapult his hedge fund firm into the ranks of the industry’s largest players.
US new-home sales fell in August to a five-month low as still-high prices and historically elevated mortgage rates took a toll on the housing market.
May 4, 2021
BNN Bloomberg
,Runaway home-price growth in Canada's largest housing market stalled last month amid signs prospective homebuyers could be tapped out.
There were 13,663 property sales across the Greater Toronto Area in April, according to data released Wednesday by the Toronto Regional Real Estate Board (TRREB). While that represents a 362 per cent surge compared to a year earlier, when activity was decimated at the onset of the pandemic, it was a sequential drop of almost 13 per cent compared to sales logged in March.
It was a similar story for the average selling price in April, which surged 33 per cent year-over-year to $1,090,992 -- marking a modest downturn from the record that was set in March.
"It makes sense that we had a pullback in market activity compared to March. We’ve experienced a torrid pace of home sales since the summer of 2020 while seeing little in the way of population growth. We may be starting to exhaust the pool of potential buyers within the existing GTA population. Over the long term, sustained growth in sales requires sustained growth in population,” said TRREB President Lisa Patel in a release.
Across the four major home categories tracked by TRREB, only condos and semi-detached properties bucked the price trend by posting region-wide sequential price growth. Meanwhile, the average price of a coveted detached home in the City of Toronto slipped almost three per cent to $1,699,756.