The National Association of Home Builders is reporting this week higher mortgage rates and home prices, as well as increased construction costs all contributed to lackluster new home sales in February 2023.
Greater Miami area total residential sales decreased 39.9% year-over-year in February 2023, from 2,814 transactions to 1,692, says the Miami Association of Realtors.
According to JLL's latest Hong Kong Property Market Monitor report, Hong Kong's Grade A office market recorded positive net absorption in February 2023 after it recorded negative net absorption for three consecutive months.
According to the National Association of Realtors, U.S. existing-home sales reversed a 12-month slide in February 2023, registering the largest monthly percentage increase since July 2020. Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines.
The Miami Association of Realtors reported this week that greater Palm Beach County total residential sales for February 2023 decreased 29.9% year-over-year, from 2,558 to 1,794.