Tag Archives: housing

Why NYC must keep its markets global

Canada recently banned investments in residential property by non-Canadians for two years, aiming to cool off an overheated housing market which saw the average Canada home price surge by 20% in 2021.  Meanwhile, Florida Gov. Ron DeSantis wants to ban sales of homes and farmland in his state by companies …

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Metros where U.S. rent prices have dropped the most

Colorful cafe bars at the iconic Beale Street music and entertainment district of downtown Memphis, Tennessee. benedek | iStock | Getty Images Despite broad hikes in rental prices, competition is easing in some U.S. markets as inventory grows, according to a new report from national real estate brokerage HouseCanary. At …

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New home sales rise for 3rd straight month in December

Sales of new US single-family homes increased for a third straight month in December as mortgage rates continued to decline, offering hope that the struggling housing market was starting to stabilize. New home sales increased 2.3% to a seasonally adjusted annual rate of 616,000 units last month, the Commerce Department said on Thursday. November’s sales pace was …

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Biden administration moves to create renters bill of rights

Housing rights activists and tenants protest against evictions and the poor condition of their apartments outside the offices the landlord Broadway Capital in Chelsea, Massachusetts on April 25, 2022. Brian Snyder | Reuters The Biden administration announced on Wednesday new actions to protect renters across the U.S., including trying to …

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Seattle sees steepest rent declines among major US metros

The Space Needle stands near apartments in Seattle. Photo: Mike Kane/Bloomberg via Getty Images While Puget Sound housing remains among the most expensive in the nation, Seattle saw the steepest monthly decline in rent among major metros in December, based on a Zillow report released yesterday. Driving the news: Typical …

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Mortgage demand jumps, as interest rates drop to lowest in months

Consumers returned from the holiday season to find mortgage rates at their lowest point since September, and they are responding in dramatic fashion. Mortgage application volume jumped nearly 28% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate …

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