Broward County's residential real estate market continued to lose steam in May, with total home sales falling nearly 18% year-over-year as high mortgage rates and strict financing rules weighed on buyer demand, according to data released by the Miami Association of Realtors.
The U.S. housing market is entering the second half of the year on uncertain footing, according to Cotality's latest midyear market analysis. While price growth is slowing and inventory is rising--offering a glimmer of hope to buyers--high home prices, property taxes, and borrowing costs continue to challenge affordability.
Global luxury rental markets are entering a more measured phase after a post-pandemic boom, with rental growth stabilizing across key international cities, according to property consultancy Knight Frank.
Florida-based World Property Ventures (WPV) announced this week that it is undergoing a strategic reorganization into a next-generation digital investment bank, positioning itself to lead the digital transformation of the $654 trillion-dollar global property sector.
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