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Property News for 15 July 2022
These are the 5 markets where home sales are cooling fastest: Sellers need to be 'realistic' about price, says broker
CNBC - 15 Jul 2022 20:04
After the frenzy of bidding wars, the U.S. housing market is cooling amid rising mortgage interest rates, forcing some sellers to adjust.
Millennials are to blame for sky-high inflation, strategist says
CNBC - 15 Jul 2022 07:10
"The last time we saw what we call 'wolverine inflation' ... was when 75 million baby boomers replaced 44 million silent generation people in the 1970s," Smead said.
China's housing demand set to drop as the population ages, real estate broker predicts
CNBC - 15 Jul 2022 04:26
China's housing demand by floorspace is to drop by 2.5% a year over the next 15 years, sales and rental giant Beike predicts.
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