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Housing Market Update: Home Prices Fall Annually For First Time In A Decade As Mortgage Rates Pass 7%

Housing Market Update: Home Prices Fall Annually For First Time In A Decade As Mortgage Rates Pass 7%

by Third Party | Mar 4, 2023 | News/Current Events, U.S. Housing Market

Source: Redfin —  The median U.S. home-sale price declined 0.6% year over year in February, marking the first annual drop since 2012–but high rates mean homes aren’t more affordable. The milestone comes as daily average mortgage rates hit 7.1%, dampening...
US home prices could plunge 20% amid risk of ‘deep’ housing slide, Fed economist warns

US home prices could plunge 20% amid risk of ‘deep’ housing slide, Fed economist warns

by Third Party | Mar 4, 2023 | Real Estate News, U.S. Housing Market

Source: Fox Business —  U.S. home prices could tumble as much as 20% as the highest mortgage rates in two decades threaten to trigger a “deep global housing slide,” according to research from the Federal Reserve Bank of Dallas. The global housing...
Real estate investors say pricing and interest rate uncertainties are influencing capital deployment in Asia Pacific – JLL

Real estate investors say pricing and interest rate uncertainties are influencing capital deployment in Asia Pacific – JLL

by Third Party | Mar 4, 2023 | International Real Estate News, News/Current Events

Source: RE Talk Asia —  Global real estate investors acknowledge they will encounter a fresh set of challenges in 2023, identifying pricing and interest rate uncertainties as the main factors influencing capital deployment into Asia Pacific commercial real...
Federal government is not powerless to stop Chinese real estate deals near sensitive US military bases

Federal government is not powerless to stop Chinese real estate deals near sensitive US military bases

by Third Party | Mar 4, 2023 | Industry Updates, International Real Estate News

Source: The Hill —  Is the U.S. government unprepared to respond to a Chinese company purchasing land near a vital military base? The Air Force recently wrote Congress to explain that the interagency Committee on Foreign Investment in the United States (CFIUS)...
NYC remains the most expensive real estate market in world: Report

NYC remains the most expensive real estate market in world: Report

by Third Party | Mar 4, 2023 | News/Current Events, U.S. Housing Market

Source: New York Post —  The Big Apple has retained its crown as the world’s priciest housing market. New data has determined that, in 2022, more ultra-prime property transactions were conducted in New York City than anywhere else on Earth. On Wednesday, real...
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