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Fannie Mae Forecasts “Modest Recession” in 2023
Fannie Mae forecasts a “modest recession in the latter half of 2023” and believes the house-buying frenzy will begin to cool in the US. The Federal Reserve’s [...]
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S&P CoreLogic Case-Shiller Index Marks New High
Home prices were up 19.2% in January according to the S&P CoreLogic Case-Shiller index. It is extremely difficult for Millennials and Gen Z to enter the housing [...]
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Red Hot Rentals
Rentals are soaring across the US to unsustainable levels. Gone are the days when people stuck to the tradition of spending less than one week of income on housing. [...]
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Canada Bans Foreigners from Real Estate Market but Misses Loopholes
Finance Minister Chrystia Freeland announced on Thursday that most foreigners would be barred from purchasing real estate in Canada for the next two years in an [...]
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Rents in NYC Exceeding Pre-COVID Levels
COMMENT FROM A REAL ESTATE BROKER IN NYC ON RENTAL MARKET: Equity Residential is demanding 40 to 45% increases on lease renewals. On one floor in particular, units [...]
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Rentals to Increase by At Least 3.6% Across the US
Freddie Mac’s annual Multifamily Outlook report foresees rent rising by 3.6% across the US in 2022. “Given the robust demand for housing this year, we believe [...]
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Mortgage Lenders Provided a Record $1.61 Trillion in 2021
The post-pandemic real estate frenzy led to mortgage lenders issuing more money last year than ever before. According to records, mortgage lenders in the US issued [...]
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US Home Prices Rise 18.4% in October
High demand and a low supply is causing home prices in the US to soar. The S&P CoreLogic Case-Shiller 20-city home price index found that all 20 major cities [...]
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Canada Looks to Ban Foreign Home Ownership
Canadian Federal Housing Minister Ahmed Hussen addressed the housing shortage in many of Canada’s provinces by stating that he would like to limit passive foreign [...]
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Rental Costs on the Rise Amid Diminished Supply
Demand for rentals in the US is increasing at an alarming pace. Single-family rentals rose 10.9% in October year-over-year, according to a report by CoreLogic. [...]
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