World News
Greater Fort Lauderdale Area Home Sales Slip in April
According to the Miami Association of Realtors, Broward County Florida total home sales decreased 12.9% year-over-year, from 4,006 to 3,489. Broward existing condo sales decreased 11% year-over-year, from 2,224 to 1,980. Single-family home sales decreased 15.3% year-over-year, from 1,782 to 1,509.
U.S. New Home Sales Dive 27 Percent Year-Over-Year in April
According to the National Association of Home Builders, in a further sign of a housing slowdown, new home sales posted a double-digit percentage decline in April 2022, falling to their weakest pace in two years, as rising mortgage interest rates and worsening affordability conditions continue to take a toll on the housing market.
U.S. Mortgage Applications Dip in Mid-May
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 20, 2022, U.S. mortgage applications decreased 1.2 percent from one week earlier.
Despite Covid, Asia Pacific Corporate Real Estate Disposals Hit Record Highs in 2021
According to global property consultant CBRE, following a steady flow of sales in 2020, corporates across Asia Pacific increased their real estate disposal activity in 2021. 762 deals worth a combined total of $44.4 billion were completed as sellers capitalised on strong pricing to offload assets.
New Home Mortgage Applications Dip 10.6 Percent in April
Based on the Mortgage Bankers Association's latest Builder Application Survey data for April 2022, U.S. mortgage applications for new home purchases decreased 10.6 percent compared to a year ago. Compared to March 2022, applications decreased by 14 percent.
