Tag: US real estate

February 23, 2024 BY Elizabeth Anderson

January US property sales achieve a five-month high

The year-on-year comparison, however, shows a 1.7% decline. Based on Reuters data, January sales predictions came to 3.97 million units as opposed to the realised 4.00 million units. As residential resales are only valid after finalising agreements, these totals most likely reflect deals in the two months preceding January 2024. In December 2023, the average…

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February 16, 2024 BY PureContent

Is there a crisis brewing in the US real estate market?

A similar case involved New York Community Bancorp (NYCB). The company reported a loan loss provision that was 10 times higher than analysts were anticipating. The loss was $552m, and it led to shares plunging by 60%.   Don’t miss out the latest news, subscribe to LeapRate’s newsletter  The main reason for these cases is…

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