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%.
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.
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.
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.
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.