American real estate prices have been growing at one of the fastest rates on record. The S&P CoreLogic Case-Shiller U.S. National Home Price Index for July, was released today. The series of indexes shows monthly and annual prices are still showing very strong growth. While it might seem like home prices are getting out of […]
US home buyers are busy with purchases, but there are fewer present than a few months ago. National Association of Realtors (NAR) data shows home sales fell in August. The drop was accompanied by a decline in inventory as well. Despite the relatively neutral market position, price growth is starting to slow. US Existing-Home Sales […]
American home sales broke their losing streak last month, with sales finally climbing. National Association of Realtors (NAR) data shows existing-home sales jumped in June. The increase breaks the declining trend over the past 4 months, which has seen sales slip lower. At the same time, inventory climbed even more quickly than sales. Inevitably this […]
The US real estate boom is looking a little bubbly in one more way — a surge in new Realtors. The National Association of Realtors (NAR) saw membership soar in May. Membership is now growing at the highest rate since 2006, as more people try to get in on the gold rush. It’s going to […]
The US new home market is cooling to pre-pandemic levels of activity, except price growth. US Census data shows new home sales for May came in at the lowest level this past year. Falling sales have helped to lighten the pressure on inventory. The only thing that looks nothing like last year is price growth. […]
US home buyers are taking a breather, as prices reach dizzying heights. Dizzying for the US, that is. National Association of Realtors (NAR) data shows existing-home sales fell in May. Higher prices have trimmed demand for several months now. The market is now beginning to head towards its pre-pandemic levels of activity. US Home Sales […]
US new home prices are growing at the fastest rate in well over a generation. US Commerce Department data shows the median price of a new single-family home nearly reached the all-time high in April. The real story is the rate of annual price growth though, which hasn’t advanced this quickly in over 30 years. […]
New home sales are finally starting to slow down across the US, but they have a long way to go to get to typical levels. US Commerce Department data shows new home sales fell in April. The drop was also accompanied by a large revision for the previous month. It’s too soon to tell if […]
The US economy’s booming recovery has created a temporary bump to inflation… that may not be temporary. BMO believes part of the jump in the consumer price index for April was due to a fleeting base effect. However, the bank’s senior economist Robert Kavcic argues there’s a little more to it. More recent growth is […]
Canadian home prices grew much faster than American home prices, but did incomes? In Canada, home prices have grown at a rate more than double that seen in the United States. However, disposable incomes over the same period grew at basically the same rate. Let’s take a dive into how shelter costs evolved in the […]
