U.S. home prices rose 20.4 percent nationwide in April compared with the same month in 2021, according to the S&P Dow Jones Industrial’s  CoreLogic Case-Shiller Index report on June 28 (pdf). This, compared with a 20.6 percent rise in March, appears to be a sign of a cooldown in price rises. The last deceleration in…

As the Bank of Canada raises interest rates to dampen inflation, the country’s average home price could fall 15 percent by December 2023, says a new real estate outlook report. Canada’s average home price rose by 50 percent over the past two years, from nearly $530,000 at the end of 2019 to just over $790,000 at…

Commentary Washington never learns. Never. Politicians are like collective Alzheimer’s disease patients. They have no short-term memories. Does anyone remember 2008? It was only 14 years ago. Then, America suffered through one of the most significant and most painful financial crises in our nation’s history—and the worst losses since the crash of 1929. Millions of…

According to a new poll from Gallup released May 4, less than a third of Americans believe it is a good time to buy a house due to high interest rates, supply chain problems, and climbing inflation. Gallup’s annual Economy and Personal Finance poll was conducted April 1–19, coinciding with the median sale price of U.S….

The Ontario government has introduced new real estate legislation effective a year from now that would allow homebuyers to see all their competitors’ bids on the property, that is, if the seller agrees to disclose the information. Under the current system, a potential buyer looking to put an offer on a house has done so…

The Ontario government has introduced new real estate legislation to allow homebuyers to see all their competitors’ bids on the property, that is, if the seller agrees to disclose the information. Under the current system, a potential buyer looking to put an offer on a house has done so blindly, without knowing how much their…

An Ontario task force that called for 1.5 million houses to be built in the province in the next ten years is on the right track but unlikely to hit its targets, say real estate experts. The task force was headed by Jake Lawrence, CEO and Group Head of Global Banking and Markets at Scotiabank….

The Reserve Bank of Australia (RBA) has articulated its concern over the fast-growing household debt amid the booming property market, warning that it poses potential risks to financial stability, and the regulator will intervene when necessary. In an online speech ahead of its biannual Financial Stability Review, RBA assistant governor Michelle Bullock said that the…

President Joe Biden confirms that he’ll visit Louisiana at the end of the week following Hurricane Ida damage, the White House has a new plan to combat the rise in housing prices, and a judge says the Sackler family and Purdue Pharma are now shielded from all opioid lawsuits in the future.    

WASHINGTON—U.S. housing prices are going through the roof and a looming wave of foreclosures is unlikely to reverse this trend due to a severe housing shortage in the country, according to experts. The foreclosure moratorium for federally-backed mortgages is going to end on July 31. The Biden administration in June extended the national moratorium by…