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25.09.26 - 03:06
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Hong Kong catching up with Dubai in ′super-prime′ property sales amid Iran war (SCMP)
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Hong Kong has significantly narrowed Dubai's lead as the world's top market for “super-prime” residential property in recent months, as rising conflict weighs on activity in the Middle East market, according to Knight Frank.
Dubai retained first place for deals involving homes sold for US$10 million or more in the second quarter of the year, with 131 sales worth a combined US$2.17 billion, but the total value of those transactions fell 27 per cent compared with the previous quarter.
Hong Kong,......
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24.09.26 - 19:15
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Benchmark mortgage rate tops 7 percent, highest in 2 years (The Hill)
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The average 30-year mortgage rate has surpassed 7 percent, marking the first time it has done so since January 2025. The benchmark 30-year fixed mortgage rate is 7.03 percent this week, up from 6.95 percent last week, according to data from Freddie Mac. It marks the fifth-consecutive weekly rise in mortgage rates, and the first......
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24.09.26 - 18:57
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New Home Sales Soared In August, Prices Plunged As Mortgage Rates Spiked (ZeroHedge)
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New Home Sales Soared In August, Prices Plunged As Mortgage Rates Spiked
With homebuilder confidence plumbing new depths (and Housing Starts and Permits plunging), expectations were surprisingly for a small bounce back in new home sales in August (after collapsing in July).
Analyst consensus was correct, with a 6.4% MoM jump (+1.3% MoM exp) with July's 10.5% MoM plunged revised dramatically higher to just 4.3% MoM decline. August was the biggest surge in sales since February, but still left sales down 2.0% YoY...
Total new home sales SAAR jumped to 864k - its highest level of 2026...
Median new home prices tumbled, down 5.8% from a year ago to $393,700....
Additionally, average new home sales price plunged almost $50K to $478,700, lowest since since August 2024...
This was the biggest monthly drop in average new home prices on record!
Interestingly, the supply of new homes for sales continues to tread water along with homes under construction. A trend that has been clear all year...
And fina...
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