A report from Bloomberg on Canada. "Canada’s home sales skidded to the lowest level since 2012 last year after dropping for four straight months through December. Nationwide, sales totaled 458,442 for the year, a drop of 11 percent which was…
It's Friday desk clearing time for this blogger. "As the housing market has downshifted, more builders are offering sweeteners to close the deal. 'We are really working a little bit harder ... to get people in the door and to…
A report from the South China Morning Post. "A buyer has walked away from the purchase of a luxury house on The Peak, losing a deposit of some HK$36.09 million (US$4.6 million) in the latest sign of trouble in Hong…
It's Friday desk clearing time for this blogger. "'Sellers celebrated in the first half of the year with a crazy blur of multiple offers and fast sales,' said Jill Schafer, head of the Denver Metro Association of Realtors market trends…
A report from the Daily Telegraph in Australia. "It has been a catastrophic summer for the Sydney housing market. New housing data revealed prices fell by a whopping 1.8 per cent over December, an acceleration of the 1.4 per cent…
A report from Star Vancouver in Canada. "After years of skyrocketing values in Vancouver, owners of homes worth millions will see the value of their properties drop by about 10 per cent this year, representing about $10 billion in total…
A report from Bloomberg on Hong Kong. "Amid all the doom and gloom in Hong Kong’s housing market, there appeared to be a silver lining, when a developer sold all 488 apartments on offer in a single day. Sino Land…
It's Friday desk clearing time for this blogger. "New data from Realtor.com offers the clearest sign yet that home price relief might finally be on the way for prospective homebuyers on the West Coast. Median listings prices in markets across…
It's Friday desk clearing time for this blogger. "Tim Manickam, a broker at JMA Properties, said sales in some parts of Portland and Seattle were down around 20 percent. 'I think 40-some percent of homes are having price reductions,' said…
A report from the South China Morning Post. "Hong Kong’s residential property market witnessed another weekend of dismal sales, as even double-digit discounts could not lure buyers to commit, in yet another sign that the world’s priciest flats have given…