Existing-home sales pulled back more than expected in March in the U.S., according to the National Association of Realtors. Month-over-month sales declined in three out of four major U.S. regions, while sales in the Northeast remained steady. All regions posted year-over-year decreases. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and…
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Economists warn that the U.S. commercial real estate industry is in trouble following the recent meltdown in the banking industry. A Goldman Sachs report shows that about 80% of all bank loans for commercial properties come from regional banks that are experiencing the most pressure during the current crisis, which began earlier this month with…
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January was the worst month for home sales in Canada since 2009, statistics released by the Canadian Real Estate Association (CREA) show. Home sales edged back down 3% between December 2022 and January 2023, giving back all of December’s small gains and rejoining the mild downward trend observed since last summer. The actual (not seasonally…
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The EY’s Future Workplace Index reveals surprisingly rosy attitudes on commercial real estate investment despite the current inflation and interest rate environment. The US economy is undeniably cooling, and a recession is anticipated in 2023. However, regardless of investment decisions, the macroeconomic outlook is forcing leaders to scrutinize their office portfolios from a new perspective.…
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Mortgage applications in the US hit a new low since 1997, data from the Mortgage Bankers Association (MBA) showed. For the week ending Nov. 4, the MBA’s overall activity index fell 0.1% on a seasonally adjusted basis from one week earlier. Refinancing demand decreased 4% from the previous week and was 87% lower than the…
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In these difficult economic times, many Americans are struggling to keep their homes. Lillian Powers, a real estate specialist with eXp Realty, has launched a new website, ForeclosureStopsHere.com, to help homeowners avoid the long-term negative effects of foreclosure. The website provides information on how to avoid foreclosure and what to do if you are already…
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