From boom to gloom, Australia’s red hot property market hits reverse

SYDNEY, Aug 1 (Reuters) – This April, Australian home repairman Reis Saki put his parents’ house on the market in Melbourne’s outskirts, with hopes of a quick sale so they could move closer to family and health services. But six weeks and two interest rate hikes later, he withdrew the listing after receiving no offers, … Read more

US new home sales drop to two-year low in June

A “For Rent, For Sale” sign is seen outside of a home in Washington, US, July 7, 2022. REUTERS/Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 26 (Reuters) – Sales of new US single-family homes dropped to their lowest level in just over two years in June, the latest sign … Read more

Canada home price index growth slows again in June – Teranet

A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register OTTAWA, July 20 (Reuters) – Canadian home price growth slowed sharply in June from May, with year-over-year price gains also inching off recent record highs, … Read more

US existing home sales slide again in June

NEW YORK, July 20 (Reuters) – US existing home sales fell for a fifth straight month in June to the lowest level in two years as record-high prices and fast-rising interest rates make buying a home too expensive for a growing share of American households. Sales of previously owned homes fell 5.4% to a seasonally … Read more

Fed staff say balance sheet runoff could strain Treasury market

The Federal Reserve building is seen in Washington, US, January 26, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 14 (Reuters) – Two new analyzes from Federal Reserve staff have concluded that strains in the US Treasury market could complicate the central bank’s plans to reduce its balance sheet … Read more