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Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years

Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years

by Phil Hall | Feb 5, 2025 | Current News & Events, International Real Estate News, Market Snapshot, Real Estate News, WRE News Exclusive

Canadian housing sales and prices are expected to improve over the next two years, according to the 2025 Housing Market Outlook published by the Canada Mortgage and Housing Corporation (CMHC). While acknowledging “foreign trade risks and immigration changes” could...
Case-Shiller: Home Price Index Up 3.8%

Case-Shiller: Home Price Index Up 3.8%

by Phil Hall | Jan 28, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 3.8% annual return for November, up from a 3.6% annual gain in October. The 10-City Composite saw an annual increase of 4.9%, the same level as in the previous month, while the 20-City...
New Home Sales Up in December

New Home Sales Up in December

by Phil Hall | Jan 27, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in December were at a seasonally adjusted annual rate of 698,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This is 3.6% above the revised November rate of 674,000 and is...
New York State Housing Inventory at Historic Low

New York State Housing Inventory at Historic Low

by Phil Hall | Jan 27, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State’s housing inventory dropped to a historic low while home sales and prices increased. According to date from the New York State Association of Realtors, housing inventory fell 2.6% year-over-year in December to 23,198, the lowest number of homes for sale...
Florida Home Sales Down Nearly 2% in 2024

Florida Home Sales Down Nearly 2% in 2024

by Phil Hall | Jan 24, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida closed 2024 with 252,688 closed sales of existing single-family homes, down 1.9% compared to the 2023 year-end level, according to data from Florida Realtors. For existing condo-townhouses, a total of 94,380 units sold statewide last year, down 10.5% compared...
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