World News

Great Las Vegas Home Prices Up a Record 22 Percent Annually in November

Las Vegas Realtors are reporting that the median price of existing single-family homes sold in Southern Nevada during November was $420,000. The median home price is up 21.7% from $345,000 one year ago. That tops the record high set the previous month by 2.4%. 

Luxury Residential Sales in Hong Kong Hits Historic High in 2021

According to JLL's latest Hong Kong Residential Sales Market Monitor Report, the luxury residential market in Hong Kong swiftly picked up in 2021 after a relatively quiet 2020. Transactions of high-value units (over HKD 100 million) in the first nine months hit a historic high.

There is a Shortage of 1.35 Million New Construction Homes in the U.S.

New-home construction in the U.S. reached an important benchmark this past February 2021, when more than 1.5 million residential building permits were issued over the prior 12 months. This level of activity indicates a housing boom that hasn't been seen since August 2007.

Biden Administration Looking to Double Lumber Tariffs Charged to U.S. Home Builders

The National Association of Home Builders chairman Chuck Fowke issued the following statement after the U.S. Commerce moved forward last week with an administrative review to double the tariffs on Canadian lumber shipments into the U.S. from 9 percent to 17.9 percent.

Palm Beach County Breaks Annual Condo Sales Record in 2021

According to the Miami Association of Realtors, Palm Beach County real estate broke its record for the most annual condo sales in only 10 months as October 2021 sales totals pushed the market over the old standard.

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