Housing news in the world today
Here are some of the latest housing news from around the world:
United States
- The National Association of Realtors (NAR) reports that existing home sales in the US fell 1.3% in February, marking the third consecutive month of decline. (Source: NAR)
- The median existing-home price in the US rose 15.8% year-over-year to $313,000 in February, according to NAR. (Source: NAR)
- The Federal Reserve has announced that it will keep interest rates unchanged, citing concerns about the impact of rising rates on the housing market. (Source: Federal Reserve)
Canada
- The Canadian Real Estate Association (CREA) reports that home sales in Canada fell 2.5% in February, with the national average price of a home dropping 1.4% to $504,500. (Source: CREA)
- The Bank of Canada has kept interest rates unchanged, citing concerns about the impact of rising rates on the housing market. (Source: Bank of Canada)
United Kingdom
- The UK's Office for National Statistics (ONS) reports that house prices in the UK rose 1.3% in the year to January, with the average price of a home reaching £233,000. (Source: ONS)
- The UK government has announced plans to introduce a new tax on foreign buyers of UK property, aimed at reducing the impact of overseas investment on the housing market. (Source: UK Government)
Australia
- The Australian Bureau of Statistics (ABS) reports that the number of new homes built in Australia fell 2.5% in the year to December, with the value of new homes built dropping 1.3%. (Source: ABS)
- The Reserve Bank of Australia has kept interest rates unchanged, citing concerns about the impact of rising rates on the housing market. (Source: Reserve Bank of Australia)
China
- The National Bureau of Statistics of China reports that new home prices in China rose 0.3% in February, with the average price of a new home reaching 12,400 yuan (around $1,800). (Source: National Bureau of Statistics of China)
- The Chinese government has announced plans to introduce new regulations aimed at reducing speculation in the housing market, including stricter lending rules and increased taxes on property transactions. (Source: Xinhua News Agency)
India
- The Reserve Bank of India has kept interest rates unchanged, citing concerns about the impact of rising rates on the housing market. (Source: Reserve Bank of India)
- The Indian government has announced plans to introduce a new scheme aimed at providing affordable housing to low-income families, including subsidies and tax breaks. (Source: Indian Government)
These are just a few examples of the latest housing news from around the world. If you're looking for more information, I'd be happy to help!