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Property News

Location American Property News for 23 May 2017

Big drop in April new homes sales

CNBC - 23 May 2017 19:38
CNBC's Diana Olick reports on the big drop in new home sales last month despite Toll Brothers' sales and profits up.
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China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that values the portfolio at $950 million and highlights the growing appetite among foreign investors for...
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Chris Bertelsen, Aviance CIO, and Ken Zener, Key Banc, debate whether to invest in the Toll Brothers as new home sales sank in April.
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The housing market is expected to continue its recovery despite a drop in new homes sales in April.
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Builders are developing simpler homes for millennials but can't lower prices enough
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It's the price tags of the homes for sale that are the issue.
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The Commerce Department said on Tuesday new home sales declined 11.4 percent to a seasonally adjusted annual rate of 569,00 units last month.
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Singapore inflation remained benign overall in April, data Tuesday showed, but that's because housing costs fell further.
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