According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, a small rise in U.S. mortgage rates in February 2024 led to sales of newly built, single-family homes to edge down 0.3% to a 662,000 seasonally adjusted annual rate.
Based on new data from the California Association of Realtors, despite a recent uptick in mortgage rates, California's housing market continued to demonstrate resilience in February 2024, reaching sales levels not seen since September 2022.
Mainland Chinese buyers are observed to have accounted for around 70% of recent primary sales of luxury residential properties worth HKD 30 million or above, rebounding from less than 50% before the removal.
Based on new data from the Miami Association of Realtors, Miami-Dade County overall residential sales rose year-over-year 0.8% in February 2024.
According to the National Association of Realtors, U.S. existing-home sales climbed in February 2024. Among the four major U.S. regions, sales jumped in the West, South and Midwest, and were unchanged in the Northeast. Year-over-year, sales declined in all regions.