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Canadian Finance Minister Chrystia Freeland’s budget unveiled more details about a plan to turn the federal government, which is the country’s largest landowner, into a provider of low-cost leases for builders and developers.
Fannie Mae is selling agency mortgage backed securities designed to appeal to socially minded investors, as the mortgage giant looks to draw more buyers into the market to help fill a void left by the Federal Reserve stopping purchases.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
A rebound at John Paulson’s family office boosted returns last year but it still wasn’t enough to keep the billionaire investor from having to play catch-up.
New home construction in the US slowed last month as a leveling off in interest rates has given way to a lull in housing demand and caution among builders.
Oct 26, 2021
, Bloomberg News
(Bloomberg) -- U.S. home prices jumped 19.8% in August, the latest in a string of massive gains in the pandemic real estate market.
But after more than a year of a hot U.S. market, there are slight signs of a cool down.
The gain in the CoreLogic Case-Shiller index of property values nationwide matched the jump last month, according to a statement on Tuesday. That came after 14 straight months of accelerating price increases.
The index that tracks prices in 20 U.S. cities, meanwhile, posted a 19.7% year-over-year gain, down from 20% the prior month. That ended a streak of 13 straight months of gains.
Read more: Housing Market Shows Cracks With Price Cuts in Covid Boomtowns
The torrid pace of price gains has eased slightly after the pandemic ignited a buying frenzy for a tight supply of homes for sale across the U.S. More owners are listing their properties now, and buyers are starting to resist getting dragged into bidding wars.
©2021 Bloomberg L.P.
