Housing market shows signs of life, but it's too soon to celebrate a recovery

📆 2022-11-29 오전 10:20:00
📰 calgaryherald

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 52%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

It\u0027s premature to celebrate a housing market recovery because the rise in mortgage rates poses unexpected new risks for many. Read on.

However, a longer-term view of the data suggests October sales activity was below pre-pandemic levels. Indeed, last month’s sales were 15 per cent lower than the pre-pandemic, 10-year average for October, suggesting that escalating mortgage costs have done more harm than just reversing the pandemic-driven hype in housing sales.Article content

Nevertheless, the October sales and listing activity suggest the beginning of a market recovery. Sales were up and new listings in October rose 2.2 per cent from the month before. The increase in sales and new listings may be feeble, but these signs are positive and, in the absence of other unexpected shocks, could lay the foundation for a more robust recovery once buyers and sellers sitting on the sidelines decide to become active again.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

댓글 쓰기

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Housing market shows signs of life, but it's too soon to celebrate a recoveryIt\u0027s premature to celebrate a housing market recovery because the rise in mortgage rates poses unexpected new risks for many. Read on. Celebrate? Keep crashing! Let those prices hit the floor. “Recovery” 😂 Article must be sponsored by a real estate corporation. We haven’t even started to see the damage that rising rates and overinflated properties will have on the market. Dunno about any problems. I see nothing but new builds everywhere
출처: VancouverSun - 🏆 49. / 61 더 많은 것을 읽으십시오 »