Mortgage rates eased slightly after a weak jobs report, but inventory of single-family homes is increasing, likely to exceed 2020 levels this summer. [ more ]
Apartment construction surged last year but demand still outpacing supply, says CMHC | CBC News
High demand outstrips supply in major Canadian cities despite a surge in new apartment construction.
Toronto, Vancouver, and Calgary saw an increase in total housing starts, while Montreal experienced a significant decline in apartment starts. [ more ]
Holly Parker, Leonard Steinberg Listings Top Manhattan Market
Manhattan's luxury market had a strong week with 29 contracts signed for homes over $4 million, including a penthouse at 135 East 79th Street asking $20 million.
The homes entering contract had an average asking price of $8 million and a median of $6.5 million, with a typical 7 percent discount received and 503 days spent on the market. [ more ]
Austin House Prices Are Falling But Experts Say They're Just 'Going Back To Normal': These Are The City's More Affordable Neighborhoods
Housing prices in the Austin market are falling as construction slows and fewer new workers move in.
After intense competition, first-time homebuyers were able to find opportunities in the cooling market by sensing a shift and adjusting their strategies. [ more ]
Corner Offices Are Out; Collaboration Is In. Say Hello to the New Law Firm.
Law firms are downsizing their office spaces due to the increase in remote work, transitioning to more efficient layouts and reducing square footage per lawyer. [ more ]