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.
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.
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.
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.
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.