California home sales fell in January, hitting a year-long low due to high interest rates, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 254,110 in January, according to information collected by C.A.R. from more than 90 local REALTOR®…
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Despite recent economic uncertainties, prime residential markets have shown remarkable resilience. As 2025 begins, new government policies—ranging from tax reforms to international affairs—are expected to impact high-end real estate, according to global consultancy Savills. “We anticipate a moderate global capital value increase of 1.6% in 2025, compared to 2.2% in 2024 across 30 global cities…
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Persistently high mortgage rates are having a bigger impact on buyers than on sellers as the home shopping season approaches, the latest data from Zillow shows. Though competition varies greatly by region, most buyers in the market today have a good chance of seeing a price cut on their saved listing. “Homeowners are finally coming…
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An uncertain macroeconomic outlook may lead to a divergence in interpretations, strategies, and decisions among real estate players in 2025. This, among other projections relating to several real estate sectors, was presented in CBRE’s 2025 Singapore Real Estate Market Outlook report. Moray Armstrong, CBRE Managing Director, Advisory Services, Singapore, introduced the report, saying, “Overall the…
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The Indian real estate sector is projected to be a $10 trillion market by 2047, while its share in India’s gross domestic product (GDP) is estimated to increase to 14–20% during this period, according to a report by Colliers and the Confederation of Real Estate Developers’ Associations of India (Credai). The report highlights six salient…
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The rent burden rises across America. Nearly half of all U.S. renter households are burdened by rent costs, with Gen Z renters shouldering the heaviest load, a new analysis of the U.S. Census Bureau’s 2022 American Community Survey (ACS) by Zillow and its New York City brand StreetEasy shows. Across the country, three in five…
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An updated monthly report by U.S. provider of nationwide property data ATTOM reveals that commercial foreclosures remain elevated. Starting in June 2023, foreclosure numbers saw a sharp increase, peaking at 752 in May 2024, before settling at 695 in ATTOM’s most recent data for September 2024. This recent surge suggests renewed financial stress or changes…
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For the second consecutive year, London remains the top destination in Europe for hotel investment according to the 2024 European Hotel Industry and Investment Survey by Deloitte. The UK capital has retained its top spot as most attractive city in the Old Continent for hotel investment in the year ahead, followed by Paris and Madrid…
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Chinese and Hong Kong stock markets gave up early gains to end sharply lower on Thursday (Oct. 17) after China announced supportive measures to prop up the country’s flagging property sector, albeit on a small scale. The CSI 300 real estate index — which had gained over 5% on Wednesday — fell nearly 8%, while…
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About 63% of U.S. homeowners have gone into debt to fund a renovation, according to new research from Clever Real Estate, a St. Louis-based real estate company. With 94% of homeowners having completed a major renovation in the past five years, about 3 in 4 (78%) went over budget on their last project. Nearly half…
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