Category: Blog

Home sales on the secondary market are falling for the ninth month in a row in October. Sales of previously owned homes in the USA are falling for the ninth consecutive month in October, highlighting how higher mortgage rates are undermining the housing market. All four major regions of the US recorded monthly and year-over-year…

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According to the National Association of Realtors (NAR), US existing home sales have been declining for the eighth month in a row. The contraction in September 2022 was 1.5% compared to August and 23.8% compared to the first month of autumn last year. Apartments and houses from owners rose by 8.4% to $ 384,800 for…

According to a report by the Bank for International Settlements, real world-home prices rose by 4.6% in the first quarter of 2022. However, their dynamics differ between advanced economies (SE, +8.5% year-on-year) and emerging markets (EMS, +1.6%). Real house prices rose in Turkey (about 35%), Canada (20%), Australia (14%), and the US (12%). They rose…

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Paul Turovsky is a real estate professional with a big heart! In August 2022, Paul Turovsky made a generous donation to the Harry Chapin Food Bank to help fight hunger. The Food Bank is Southwest Florida’s largest nonprofit hunger relief organization serving Charlotte, Collier, Glades, Hendry, and Lee counties. Working since 1983, the Harry Chapin…