Housing market is in 'adjustment phase': Economist

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Danielle Hale Nieuws

Housing Market,Housing Starts,Chief Economist

Recent housing data reveals a decline in construction activity, with housing starts dropping 5.5% and building permits decreasing 3.8% month-over-month...

with housing starts dropping 5.5% and building permits decreasing 3.8% month-over-month. Danielle Hale, Chief Economist at Realtor.com, joined Wealth! to provide insights on these trends.However, she now observes a rebound in single-family homes, with much of the decline in the recent report"driven by the multi-family sector." Hale considers this shift"good news" for the housing market.

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Former Google CEO reportedly sold his Atherton mansion for $22.5 million. See inside the stunning estate. For most people, the dream of owning a home has evaporated and the cost of living has spiked, with a national average home price of $339,048, according to May 2023 figures from Zillow. Be Aware: 9...For investors seeking exposure to real estate investment trusts, or REITs, here are three top Canadian options to consider buying right now. The post Love Real Estate? 3 Top TSX REITs to Watch in June appeared first on The Motley Fool Canada.The developer gave the families until Jan.

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Canadian housing market suffers 'sleepy month' ahead of rate cutCanada’s housing market weakened in May, ahead of a long-awaited interest rate cut from the Bank of Canada that may help ease some pressures on buyers.
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