archiverealestate

Despite tentative signs of improvement, the US real estate market remains trapped in a familiar dilemma: high prices and dissuasive interest rates. The latest data published on home sales, house prices and loan applications confirm one fact: activity is stabilizing, but at a historically low level, with little chance of a real recovery without a marked easing in mortgage rates.A deceptive improvement in existing home salesIn May, sales of existing homes rose by 0.8% month-on-month, reaching an annualized rate of 4.03 million transactions, according to the National Association of Realtors...

A handful of cities in Texas are grabbing the attention of international buyers, who are coming mainly from India, China, and Mexico to find low prices amid a possible housing crash. Houston, Austin, and San Antonio all made the list of destinations where homebuyers from around the world are purchasing investment properties, second homes for their kids, or a home they will retire in.Houston was the number 5 most searched US city by non-US consumers throughout the month of April, according to a new report from Realtor.com.International demand also grew noticeably in...

The number of Canadian 'snowbirds' planning to sell their second homes in sunny Florida and Arizona has surged this spring, with many of them put off by the sudden chill that has blanketed relations between their homeland and the US.Real estate agents say they are seeing more Canadians cashing out, further lowering property prices in warm-weather states that have long attracted retirees and tourists from snowy Canada.Canadians spent close to $6 billion on US real estate from April 2023 to March 2024 - making up 13 percent of all foreign...