Tag Archives: housing market

Mortgage rates soar, home sales plummet for the 7th month and suddenly here are the new listings

But that still doesn’t reflect the recent spike in mortgage rates to 4.5%. By Wolf Richter for WOLF STREET. OK, the “existing home sales” data released today by the National Association of Realtors was for February, and in February average mortgage rates were much lower than today. In mid-February, the average 30-year conforming fixed mortgage […]

This week: Fed statement, FedEx wins, US home sales

A look at some of the major trade events and economic indicators to come this week: AN EYE ON THE FEDERATION The Federal Reserve wraps up a two-day meeting of policymakers with an economic policy and interest rate update on Wednesday. Most analysts expect Fed officials to announce the first of several expected increases in […]

Buyer-seller stalemate leads to ‘lowest home sales since GFC fallout’ – CoreLogic

A buyer-seller stalemate led to monthly house sales in January falling to the lowest since the fallout from the global financial crisis, said Nick Goodall, head of research at CoreLogic. There were 4,113 residential property sales in the first month of the year, the lowest number in over a decade, except for April 2020 when […]

It’s America’s hottest luxury home market – 24/7 Wall St.

Lodging February 28, 2022 9:30 a.m. It’s hard to imagine a hotter residential housing market than the United States right now. The frenzy of activity has lasted for two years. January’s data proves that the rise will not stop in the near future. Some markets have attracted so many buyers that home prices have risen […]

Researchers: the internal market “close to the peak”

House prices, inflation and rising interest rates will soon create an equilibrium in the housing market, according to the FAU researchers, although prices will remain high. JACKSONVILLE, Fla. — The booming Jacksonville-area real estate market has left home prices a bit inflated, according to two academics warning that slumps for home sellers across the state […]

More mixed results for Forsyth home sales in opportunity areas | Local

“We really hope this will help prime the pump to create new investment and jobs for our residents.” There are 12 zones in Guilford County, as well as four in Alamance, three in Randolph, Rockingham, Surry and Wilkes, two in Davidson and one in Alleghany, Ashe, Davie, Stokes, Watauga and Yadkin. North Carolina’s list of […]

Manly launches trophy market with record sale of over $20 million

An unusually wet summer has done nothing to dampen Manly’s upmarket housing market with a bottom-up rebuild on Fairy Bower selling for over $20 million. The sale kicks off Sydney’s $20m+ trophy home market, which is typically centered on the eastern suburbs’ harborside suburbs, but last year included the waterfront suburbs Sydney seashores such as […]

Landed home sales hit record $8.9 billion in 2021: Knight Frank

Credit: Samuel Isaac Chua/The Edge Singapore SINGAPORE (EDGEPROP) – According to a Knight Frank research report, $4.3 billion worth of landed houses were traded as of 2H2021 with 421 units changing hands, representing a 6.2% drop in the total value of landed houses. sales on a semi-annual basis. Nonetheless, this brings the total value of […]

2021 has been a ‘fantastic year’ for home sales despite low inventory and high prices: RE/MAX

The housing market in 2021 was the busiest ever, according to a new RE/MAX report, with a record number of homes being sold at a blistering pace. (iStock) According to RE/MAX’s latest National Housing Report, the past year has presented significant headwinds for homebuyers between record home prices and record housing inventory. But motivated buyers […]

Home sales increased in November. Will this trend continue in 2022?

In 2021, the housing market was very difficult for buyers to navigate. That’s because home values ​​have skyrocketed nationwide, putting many potential buyers in a tough spot. One would think that rising house prices would have put buyers off and forced a pullback in the housing market. But the November sales figures say otherwise. In […]

Home sales in Canada set a new record in 2021, surpassing the previous record by 20%: ACI – National

The Canadian Real Estate Association says annual home sales hit a new high in 2021, eclipsing the previous record set in 2020 by about 20%. The association said Monday that about 667,000 residential properties changed hands in 2021, about 30% more than the 10-year average. However, home sales in December were little changed from November […]

Eau Claire Co. beats 2020 home sales, but other Chippewa Valley areas fall short

Jan. 17 – EAU CLAIRE – Strong home sales in December helped the state stay above 2020 numbers and set Wisconsin’s new record last year. There were 89,936 homes sold in 2021 in the state, breaking the record set the previous year of 608 homes, according to statistics released Monday by the Wisconsin Realtors Association. […]

Experts divided on whether home sales will rise or fall in 2022

A panel of economists and housing experts is also split on whether sales will rise or fall in 2022, as worries about deteriorating affordability collide with expectations of rising inventories. Surveyed, 41% of respondents to the latest Zillow survey on house price expectations (ZHPES) said sales will increase, 41% predict a slowdown and 18% believe […]

What are as-is home sales

Selling a home can be a long process. From hiring a real estate agent to reaching a final agreement, selling a home is full of paperwork and detailed requirements. Yet, while most buyers want a home that can be lived in immediately and needs few repairs, these days more and more sellers are setting up […]

The US new housing market contracted in 2021

BrianAJackson / iStock via Getty Images The US new housing market contracted in 2021. This result can be seen in the latest update of our chart plotting the last twelve month average of the new housing market capitalization in the United States, which has fallen to a low. initial estimate of $ 26.64 billion in […]

Imminent drop in the home sales index

A gauge of U.S. pending home sales dropped unexpectedly in November as high prices and low inventory capped home buying. The National Association of Realtors’ pending home sales index fell 2.2% from the previous month to 122.4, data showed Wednesday, more than all estimates for a Bloomberg survey. An index of 100 equals the level […]

New York home sales could slow in 2022

Bess Freedman, CEO of Brown Harris Stevens (Brown Harris Stevens, iStock) After 2021 marked a banner year for housing markets in Manhattan and Brooklyn, New York home sales could slow in 2022, BHS CEO Bess Freedman said. Freedman told Bloomberg TV’s Surveillance that rising interest rates and housing supply issues could spur the city’s change […]

New home sales increase in the United States in November

Numbers: New home sales in the United States jumped 12.4% to a seasonally adjusted annual rate of 744,000 in November, from 662,000 revised the previous month, the government reported Thursday. The revised October sales total was the lowest since the worst pandemic period in April 2020. Despite the jump, the pace of sales was lower […]

How rising rates affect potential home sales – NMP

First American’s proprietary Home Sales Potential Model measures what the healthy level of the home sales market should be based on economic, demographic and housing market fundamentals. For the month of November, the main takeaways were as follows: Potential sales of existing homes declined to 6.26 million annualized rate (SAAR), which is a 79.5% increase […]

Rising Rates May Not Slow Home Sales, Says First U.S. Model of Potential Home Sales

SANTA ANA, Calif .– (COMMERCIAL THREAD) –America’s leading financial company (NYSE: FAF), a leading global provider of title insurance, settlement services and risk management solutions for real estate transactions, today released First American’s exclusive home sales potential sales model for the month of November 2021 The potential home sales model measures what the healthy level […]

Luxury home sales hit record year

Rupert Murdoch recently spent $200 million on a 340,000 acre ranch. (Getty) The US luxury housing market has boomed this year like never before, with at least 40 homes selling for at least $50 million. Sales of homes worth at least $50 million are up 35% year over year, according to data from expert Miller […]

Increase in sales of existing homes in November

Home sales in the United States increased in the penultimate month of the year. Existing home sales rose 1.9% to 6.46 million seasonally adjusted units in November from the previous month, according to National Association of Real Estate Agents (NAR). The number of sales is down 2% from the same month a year ago, when […]

US Existing Home Sales Rise in November; Supply remains tight | Investment News

WASHINGTON (Reuters) – U.S. home sales rose for a third straight month in November, but supply remained tight, keeping home prices high and crowding out first-time buyers. Sales of existing homes rose 1.9% to a seasonally adjusted annual rate of 6.46 million units last month, the National Association of Realtors said Wednesday. Sales increased in […]

Existing home sales data continues to outperform

However, before getting into this report, I need to explain why so many people missed out on this surge in demand in the second half of 2021. It’s the same reason I’ve given for many years: American bears hosting generally addicts can I do not read the data correctly, and the mortgage purchase application data […]

Half of single-family home sales in the Santa Rosa-Petaluma area during the pandemic have cost more than the asking price

As the North Bay housing market boomed during the pandemic, more than half of single-family homes sold in the Santa Rosa-Petaluma area exceeded asking price, according to a new report. A study by Porch Group, a website for finding home insurance and other services, reported that 53% of home sales in the area between January […]

US home sales could hit their highest level since 2006

Image source: Getty Images Despite the high prices, home buyers are not backing down. Key points Existing home sales rose 0.8% in October from September. They are now on track to reach their highest level in 15 years. Home sales often peak in the spring and summer, then begin to decline as the year draws […]

U.S. home sales edged up in October, as prices continue to rise

Existing home sales, which include single-family homes, townhouses, condominiums and co-ops, were up 0.8% month over month. After slowing down during the summer, sales revived in September, which saw a monthly increase of 7%. Year over year, home sales were down 5.8% from October 2020, marking the cyclical peak of the pandemic spike in home […]

Housing market potential grows modestly, according to first US model of potential home sales

—Strong demographic demand will continue to act like the wind in the sails of the real estate market, according to chief economist Mark Fleming— SANTA ANA, California, November 22, 2021– (COMMERCIAL THREAD) –America’s leading financial company (NYSE: FAF), a leading global provider of title insurance, settlement services and risk management solutions for real estate transactions, […]

Housing market potential grows modestly, according to first US model of potential home sales

SANTA ANA, Calif .– (COMMERCIAL THREAD) –America’s leading financial company (NYSE: FAF), one of the world’s leading providers of title insurance, settlement services and risk management solutions for real estate transactions, today released First American’s exclusive home sales potential sales model for the month of October 2021. The potential home sales model measures what the […]

Existing home sales increase slightly, but inventories are tightening again

Sales of existing homes increased in October, second consecutive month of growth. The National Association of Realtors® (NAR) said sales of used single-family homes, townhouses, condos and co-op apartments were at a seasonally adjusted annual rate of 6.34 million units. That rate was 0.8% higher than the 6.290 million rate in September, but 5.8% lower […]

Report: Sacramento, California Least Affordable New Home Market in the United States

The Sacramento area, which is experiencing a severe housing crisis, now ranks first in a new list of undesirable: the country’s least affordable new housing market. The capital region tied with Miami for place, according to a report released Thursday by Knock, a real estate technology company. Knock analyzed household income figures and compared them […]

September home sales surged despite sky-high prices

Home prices have climbed exponentially over the past year as tight inventories and low mortgage rates have boosted buyer demand. Now, you would think that at some point buyers would have no more room in their budgets to keep paying sky-high prices. But home sales managed to rise in September despite the many reasons buyers […]

Pending home sales take a hit in September: NAR

The slowdown in contract signing in September is a likely sign that home price growth will soon come back to earth, NAR chief economist Lawrence Yun said. Pending home sales fell 2.3% in September 2021 from the previous month and fell 8% year-on-year to an index of 116.7, according to the National Association of Realtors […]

US sales of existing homes rebound in September, up 7%

Sales of existing homes rose 7% to 6.29 million occasionally changed units in September from the previous month, as reported by the National Association of Realtors (NAR). The results exceeded reviewers’ assumptions for a 3.6% increase, according to Bloomberg estimates. Yoon noted that the surge in activity last year, due to the departure of COVID-19 […]

No more “slow season” as home sales post the highest numbers since January 2020

FatCamera / iStock.com Seasonality plays an essential role in the housing market, as it has a significant impact on the supply of and demand for housing. Transactions and prices tend to be above trend in summer, while activity slows down in winter. This year, however, the housing market still looks exceptionally strong in what is […]

Sales of existing homes in the United States rebound in September, up 7%

Home sales in the United States rebounded in September. Existing home sales rose 7% to 6.29 million seasonally adjusted units in September from the previous month, according to National Association of Real Estate Agents (NAR). The results exceeded analysts’ expectations of a 3.6% increase, according to Bloomberg consensus estimates. “This fall appears to be the […]

Existing home sales crush housing bears – again

The National Association of Real Estate AgentsThe existing home sales report for September came in at an excellent pace from estimates to 6.29 million. Now that we’re only 10 days away from Halloween in 2021, we can all laugh a little bit about how wrong the 2020-2021 housing bears got it wrong. Especially all those […]

This week: Tesla wins, US home sales, AmEx wins

A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to the same period last year. This […]

Sunteck Realty acquires 110 acres to enter second home market

BENGALURU: Real estate company Sunteck Realty Ltd announced on Monday that it has acquired around 110 acres on Pen-Khopoli Road in the Mumbai Metropolitan Area (MMR) to enter the second home segment. The acquisition was made with a light joint development agreement strategy. The land, which has a prominent riverside frontage, will be used to […]

Tesla wins, US home sales, AmEx wins

The Associated Press18 October 2021 GMT A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to […]

This week: Tesla wins, US home sales, AmEx wins

A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to the same period last year. This […]

This week: Tesla wins, US home sales, AmEx wins

A look at some of the major business events and economic indicators to come this week: CHARGED UP Wall Street expects… A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will […]

Is Cooldown Coming For D-FW’s Searing Home Market?

The North Texas real estate market is having a record year for both sales and prices. But don’t be surprised if the pace of housing gains slows in 2022. While house costs in the Dallas-Fort Worth area have increased by about 17% in 2021, price increases are expected to average just under 5% over the […]

Pending home sales soared in August after 2 months of decline

In June and July, pending home sales started to decline. Pending home sales represent contracts signed to buy existing homes, and when those sales start to drop, it’s a sign that demand for homes is starting to drop. Buyers may have been encouraged by these initial summer numbers, as a downturn in the housing market […]

For-Profit Home Sales at Decade High

Tight listings, record mortgage rates and extraordinary growth in home values ​​in Australia have led to the best returns for sellers in over a decade. According to the latest CoreLogic Pain and Gain report, over 90% of homes sold in the June quarter ended in profit, an increase of 9% from the first quarter of […]

Pending home sales unexpectedly rise as housing market paves the way for a rebound

Numbers: The number of home buyers who signed a home purchase contract in August has jumped, far exceeding economists’ expectations. Pending home sales rose 8.1% in August from July, according to National Association of Realtors reported wednesday. Economists polled by MarketWatch had forecast a 0.4% increase in pending home sales in August. Still, compared to […]

Profitable home sales reach their highest level in 39 years

Profitability increased in 12 of the 15 capitals and the rest of the state’s markets, with the rate of sales at a loss increasing in Melbourne, Hobart and regional Tasmania, albeit from a weak base. Regional and tree-change markets posted the highest proportion of lucrative sales, with Victoria’s Ballarat regional area reaching 99.7 percent of […]

Charlotte’s luxury home market sizzles during pandemic – WSOC TV

CHARLOTTE – Luxury residential real estate in Charlotte has taken off during the pandemic, as has the local housing market in general. There were over 1,220 single-family homes, townhouses and condos for sale for $ 1 million or more in the local market from January through August of this year, according to data provided to […]

Falling sales of existing homes due to high prices

High home prices may finally drive buyers away. There’s a reason many potential buyers have struggled to purchase a home this year. Limited inventory and low mortgage rates fueled increased demand from buyers. This, in turn, has driven home prices up to the point that many buyers simply cannot afford them. In August, the median […]

Record home sales don’t stop

LIMA – Pam Daley-Jennings answered the question before it was asked. “No. Never. I’ve been doing this for 35 years and I’ve never seen a home sell like they’ve been in recent years,” said the owner of First Lima Title Agency. “We wonder how many houses are still for sale. So just today (Friday) I […]

New home sales jump 1.5% in August

New residence sales increased for a fourth consecutive month in August. Sales of new single-family homes rose 1.5% last month to a seasonally adjusted annual rate of 740,000, according to the US Census Bureau and the Department of Housing and Urban Development. The rate was 24.3% lower than the August 2020 reading of 977,000. Analysts […]

New home sales increase for second consecutive month

Sales of new single-family homes in August were up 1.5% from the previous month, to a seasonally adjusted annual rate of 740,000, according to a report of US Department of Commerce released on Friday. This is the second consecutive month of rising sales for homebuilders, although there is good reason to believe that the height […]

As home sales slow, so do prices

singebusinessimages / Getty Images / iStockphoto The hot housing market slowed in August as house prices continue to discourage buyers. Existing sales fell 2.0% last month and housing supply remains tight, down 13.4% from a year ago, according to National Association of Realtors data released Wednesday. See: 20 home renovations that will hurt the value […]

Existing home sales decline as buyers wait for better prices and more options

The Numbers: Existing Home Sales Plummeted 2% Sales of existing homes fell in August, with inventory and prices remaining a major concern for potential buyers. Existing home sales fell 2% to a seasonally adjusted annual rate of 5.88 million in August, according to the National Association of Realtors. said wednesday. Compared with August 2020, home […]

Home sales continue to outpace new listings in Collin County as median price jumps 19%

Collin County’s already tight housing inventory continued to shrink in August, according to a market report from the Collin County Association of Realtors. Only 1,710 new listings entered the market last month, down 7% from the same period last year. And 8.2% more homes were under contract in August than a year earlier, putting further […]

The US single-family home market still in the grip of massive shortages, despite overall housing construction close to 2006 levels

There are still not enough houses under construction. That’s bad news for first-time homebuyers in Tuesday’s U.S. housing data, showing housing starts rose at a seasonally adjusted annual rate of 1.62 million in August. . The good news shows that housing starts climbed 3.9% from the previous month, approaching the 1.8 million annual rate last […]

Door-to-door sales will calm down for the remainder of this year and next: Fannie Mae

Existing home sales were stronger than expected in July, but forecasters at Fannie Mae expect buyer demand to cool for the rest of the year and into the next year, citing the lack of homes. to sell as the main obstacle to sustained growth. In their latest monthly forecastFannie Mae economists now forecast home sales […]

Home Sales In Utah Slowing Down? Prices are still high

It looks like the Utah real estate market is slowing down slightly, according to the latest Salt Lake County home sales figures. But that doesn’t mean the market isn’t hot yet – only 2020, the year the pandemic shook the national housing market and spurred record home sales, especially in the West, surpasses a 2021 […]

California home sales continue to slow in July

E-mail Sign up for our free weekly newsletter According to the California Association of Realtors, the California housing market slowed for the third consecutive month in July 2021, with home sales and prices tempering from last year’s stormy market conditions, while remaining above pre-pandemic levels. Closed escrow sales of existing single-family homes in California totaled […]

RSAR Releases August 2021 Existing Home Sales Report

Better market information RENO, Nevada – The Reno / Sparks Association of REALTORS® (RSAR) today released its August 2021 report on existing home sales in Reno / Sparks and Fernley, including median sale price and number of sales of homes in the area. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service. […]

July home sales drop in Wisconsin, but that doesn’t mean the market has softened

A 14.2 percent drop in home sales may seem worrisome at first glance, but there is more to be said. There were about 8,510 sales of existing homes in the state last month, according to the last report from the Association of Wisconsin Realtors. This is a decrease from the 9,915 sales reported in July […]

Pending home sales fell in June, meaning the housing market could cool

Image source: Getty Images A drop in sales could actually be good news for buyers. There have been a ton of inquiries to buy a new home as mortgage rates have hovered near record highs for most of the year. But in June, pending home sales fell 1.9% from May, according to the National Association […]

Why Charlotte’s Indoor Market looks like a million dollars – WSOC TV

CHARLOTTE, NC – Frenzied demand for housing in the Charlotte area is redefining the million dollar market here. More than 200 homes sold with a price of at least $ 1 million in June, more than double the number seen last year and in 2019, according to Canopy Realtor Association. “A million dollars is what […]

Luxury home sales hit new highs despite pandemic concerns

Despite its generous amenities, real estate watchers feared the sprawling property, built by luxury homebuilder Blue Heron, would still be a tough sell. Las Vegas was just beginning to regain its footing after the pandemic shut down much of the city’s economy and badly hit the upper end of its real estate market. And while […]

Kitchener-Waterloo home market remains warm with record sales in June

The 740 residential homes sold last month through the Kitchener-Waterloo Association of Realtors set a new monthly high for June and represented an increase of more than 10% from June 2020. “The number of homes sold in the Kitchener-Waterloo area in the past six months exceeds every previous six months of activity thanks to our […]

Kitchener-Waterloo home market remains warm with record sales in June

The 740 residential homes sold last month through the Kitchener-Waterloo Association of Realtors set a new monthly high for June and represented an increase of more than 10% from June 2020. “The number of homes sold in the Kitchener-Waterloo area in the past six months exceeds every previous six months of activity thanks to our […]

Kitchener-Waterloo home market remains warm with record sales in June

The 740 residential homes sold last month through the Kitchener-Waterloo Association of Realtors set a new monthly high for June and represented an increase of more than 10% from June 2020. “The number of homes sold in the Kitchener-Waterloo area in the past six months exceeds every previous six months of activity thanks to our […]

Raleigh Real Estate Market: America’s Most Competitive Triangular Real Estate Market

RALEIGH, NC (WTVD) – A turbocharged Triangle housing market continues a streak of activity with rising house prices. According to Zillow, Raleigh homes sell in just four days. The site ranks Raleigh second in the United States for the fewest days a home is officially listed on the market. That’s how long a North Raleigh […]

Are disclosure failures more likely in the Des Moines metro home market?

Editor’s Note: This article has been updated to include statements from real estate agent Misty Soldwisch. Two days after his family moved into their $ 545,000 land in Altoona, Paul Smith was in his home office when he heard a loud noise. Smith, a 42-year-old father of five, thought something had exploded somewhere in the […]

Wealthy investors disrupt the residential real estate market

Owning a primary residence is the greatest source of wealth for middle-class Americans, and has been for a long time. A whole set of public policies – from tax breaks on mortgage payments to local zoning that favors single-family homes over apartment buildings – has been built around encouraging homeownership. This is why the recent […]

Indianapolis indoor market at “peak of madness, but it will get less bizarre

This story was first available to IndyStar subscribers. This seems like the perfect time to sell a house. If you have one that is in good shape, or maybe even less than in good condition, you can put it up for sale on a Thursday and probably have several offers by Sunday. At this point, […]

California exodus fueling San Antonio’s hot domestic market?

More and more visitors to the open houses he organized said they were from California, said Greg Foster. The longtime San Antonio real estate agent saw an opportunity. “So you are considering moving to San Antonio, Texas. Well this channel here is just for you, ”he said in a Youtube video, cutting to a quick […]

REPORT: Tyler’s home market is booming

Despite the pandemic, home sales last summer were up about 15% from 2019 and 2018. TYLER, Texas – A new report from Tyler University economists says despite the pandemic, Tyler saw the average home stay in the market less than 90 days last summer, making it a sellers’ market. Latest from the Hibbs Institute of […]

Overheating of the domestic market? Low Inventory, High Home Auction | Local news

A sizzling housing market with many more interested buyers than sellers sets off a bidding war on many homes. “Inventories are low and demand is high. We find several offers on a lot of properties, and they go well above asking price, sometimes $ 10,000, $ 15,000, $ 20,000 above, ”said Jen True of True […]

The Houston New Home Market: Riding the Tailwinds Despite the Headwinds

Adobe Stock / duydophotography “Houston we have a problem.” As a native Houstonian, I back down whenever I hear that famous phrase spoken or referenced by reporters, journalists, or writers. It’s even now the refrain of a popular country music song. This hackneyed saying is effortlessly out of the tongue and has been applied to […]

North Las Vegas # 1 in the local new housing market

North Las Vegas has tripled new home sales over the past two years and became the No.1 market in 2020, overtaking the Southwest Valley, which had been the dominant player in Southern Nevada for years with the former No. 2 Henderson. North Las Vegas is poised to become the dominant player in the valley this […]

North Las Vegas # 1 in the local new home market

North Las Vegas has tripled new home sales over the past two years and became the No.1 market in 2020, overtaking the Southwest Valley, which had been the dominant player in southern Nevada for years with the former No. 2 Henderson. North Las Vegas is poised to become the dominant player in the valley this […]

How to trade more effectively in today’s domestic market

Opinions expressed by Contractor the contributors are theirs. This year has surprisingly seen a strong housing market. Homeowners make monthly payments to the bank and therefore you would think the pandemic recession and job losses would cause more property sellers. thianchai sitthikongsak | Getty Images However, this was not the case. Low mortgage rates, low […]

Vancouver Real Estate: Vacancy Rate Has Stable Since 2002, City Report Says

The percentage of vacant homes in Vancouver has remained stable over the past 14 years despite long-standing complaints that investors are buying homes and leaving them empty, according to a new report released this morning to city council. The report indicates that Vancouver’s vacancy rate was 4.9% in 2002, compared to 4.8% in 2014, which […]