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Recent Articles

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US pending home sales fell 17.0% year-over-year in the four-week period ended May 28; new listings of homes for sale fell 23.4% from a year ago, active listings decreased 2.9%: Redfin

US median home price rose 0.9% year-over-year to US$440,000 in May, the lowest rate on record since 2016; new listings fell 22.7% while active listings increased 21.5%, a typical home sold in 43 days, 14 days more than in May 2022: Realtor.com

US home purchases by investors recorded largest annual decline on record in Q1, down 48.6% year-over-year, down 15.9% quarter-over-quarter; Nassau County, New York registered the largest annual decline in investor home purchases in Q1, down 67.9%: Redfin

US home prices rose 1.3% month-over-month in March, up 0.7% year-over-year with Miami, Tampa and Charlotte registering the highest annual gains; annual gain was lower than the 2.1% increase registered in February: S&P CoreLogic Case-Shiller Index

BofA: US commercial real estate market isn't systemic risk to economy despite facing high inflation and remote work, says sector is manageable due to financing tactics to avoid defaulting on debt, office properties making up small percentage of CRE loans

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