Page 157 - Corelogic News Today

Real GDP increased at an annual rate of 5.2% for the July-through-September period after rising 2.1% in the second quarter this year, according to the BEA's second estimate released Thursday.

Heat fades out of Australia’s housing market, as the nation’s combined capitals record the slowest home value growth since February.

Nationwide, home prices rose by 0.3% in September and now stand 3.9% above their year-ago level, according to the latest S&P CoreLogic Case-Shiller Indices report.

Prime Minister Anthony Anthony Albanese owns houses at Marrickville and Dulwich Hill in Sydneys inner west. Median house prices have surged by double-digit figures during the past year.

The potential to make strong capital gains due to lack of supply and swelling demand is fuelling fear of missing out among investors.

The housing market downturn of last year has been completely turned around, but the pace of growth is slowing.

(Bloomberg) -- Australia’s home-price growth slowed in November as a resumption of interest-rate increases and deteriorating affordability pushed buyers to the sidelines, suggesting a gloomier outlook for the market.Most Read from BloombergBanking Escapees Make Billions From Private Credit BoomTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025These Are the World's Most Expensive Cities to Live In Right NowSaudi Arabia Offers Iran Investment to Blunt Gaza Wa...

Lower demand trims PMIs in US; Canada's labour force grows more than jobs; China struggles for momentum; heat leaves Aussie housing markets; UST 10yr 4.21%; gold up and oil dumped; NZ$1 = 62 USc; TWI-5 = 70.7

The big trends likely to emerge in housing in 2024 will increase demand but do little for supply. That’s likely to keep upwards pressure on pricing.

By James Glynn SYDNEY--Heat is coming out of Australian house prices with gains in major capital cities slowing markedly in November. CoreLogic's national...