Real Estate Services
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In October, house prices in the USA reached a new high, but the growth rate slowed down. An increase in listings helped buyers negotiate, with New York leading the top 20 cities.
The latest data shows that in October, the USA housing price Index reached a record high for the 17th consecutive month, although the growth rate slowed down with a year-on-year increase of 3.6%, down from 3.9% in September. In addition, prices in the 20 major cities rose by 4.2% year-on-year, also a slowdown from the previous month's 4.6%, with New York City experiencing the highest increase at 7.3%.
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KE Holdings has won two locations in Shanghai and Hangzhou in one day, will this initiate a new pattern in Real Estate Development?
① KE Holdings has successfully acquired two land parcels in Shanghai and Hangzhou within a day, sparking discussions about whether KE Holdings is transitioning to become a developer; ② "In 2025, KE Holdings will focus on developing Business in more than ten cities, including Peking, Shanghai, Guangzhou, Chengdu, Xi'an, and Hangzhou, continuously promoting a new model of Real Estate Development with the C2M concept," stated KE Holdings.
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The USA's November existing home sales Index reached a new high since the beginning of 2023.
In November, the USA's existing home sales Index has increased for the fourth consecutive month on a month-on-month basis. NAR's Chief Economist Lawrence Yun stated that consumers seem to have readjusted their expectations for mortgage rates and are taking advantage of more available inventory. Buyers are no longer waiting or expecting a significant drop in mortgage rates.