US New-Home Sales Surge to Fastest Clip Since February 2022

US Mortgage Rate Nears 8%, Further Suppressing Housing DemandOil Tycoon, Art Collector Cut London Mansion Price on Low DemandGerman Top Court Backs Legislation Speeding Up LNG ProjectsAfrica’s Biggest Wireless Carrier MTN Reviews Nigerian Tax Demand for $72.

What does that mean for the Bank of Canada?Restaurant owners worried about menu inflation, report findsTesla’s Cybertruck Will Test America’s Great Political DivideRussia’s Frozen Cash Earns €3 Billion as EU Haggles Over How to Tap ItZambia’s Inflation Nears Two-Year High on Currency TumbleSouth Africa’s Ruling ANC Sees Support Slip to 45% in SurveyAcapulco Devastated by Hurricane Otis as AMLO Makes Way by CarIsrael Latest: US, Saudi Arabia Talk Ways to Stop War ExpandingChina Premier Urges...

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How Each BoC Interest Rate Hike Has Implicated Home SalesZakiya is a staff writer with STOREYS. She has reported on real estate for Apartment Therapy, Curbed, and Post City Magazines. She also writes a quarterly series for a Canadian design publication.
Source: storeyspub - 🏆 16. / 74 Read more »

Expect soft B.C. home sales the rest of the year, says real estate associationHigh interest rates expected to dampen housing sales going into 2024: BCREA
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »