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Tight supply, rising prices weigh on US home sales

U.S. home sales unexpectedly fell for a second straight month in January. Existing home sales last month were weighed down by a persistent shortage of houses that is pushing up prices and keeping first-time buyers out of the market. U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than […]

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Tight supply, higher prices weigh on U.S. home sales

U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month after hitting […]

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U.S. Overtakes China as Top Global Property Investment Market

According to Cushman & Wakefield, the U.S. has overtaken China to become the world’s largest real estate investment market. With better relative economic growth, QE and low interest rates all continuing to encourage investors to spread their interest in property, U.S. real estate investment performance is set to improve further. The U.S. and Canada in […]