Canadian home sales posted their first monthly increase since November, rising 3.6% in May from April as activity rebounded in key markets including Toronto, Calgary, and Ottawa, according to data released by the Canadian Real Estate Association (CREA).
The Senate's passage of the sweeping "One Big Beautiful Bill Act" drew swift praise from major American real estate and construction trade groups, who say the legislation could provide a critical boost to housing supply and affordability across the United States.
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.