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A total of 64,034 homes were sold across nine key markets during the third quarter of the financial year . The new board chaired by Mr Malik will file a report on the resolution framework to sort out the housing mess of Unitech within two months. The government’s “Atma Nirbhar Bharat” package to battle the economic fallout from the coronavirus pandemic gave real estate developers few reasons to cheer. The country’s property market was being hobbled by a cash crunch even before the coronavirus outbreak, which has already infected more than 3,50,000 in the world’s second most populous country. The coronavirus (COVID-19) pandemic dented new launches, leading to an unprecedented “significantly high” gap between the supply and sales, according to ANAROCK. The top court asked the Centre to consider as a special case and provide the remaining money for construction of other stalled projects from the stress funds created for the real estate sector. The value of the housebuilding sector soars 30{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} in first three weeks of November, driven by four FTSE 100 stocks.

on one-unit properties and a cap of $822,375 in high-cost areas. C.A.R. offices will be closed Thursday and Friday, Nov. 26-27.

6 charts show REALTORS ® what needs to be disclosed and to whom in various sales and lease scenarios. Help potential buyers open the door to home-ownership by searching from over 400 available down payment assistance programs throughout California. Consumer Protection Forum Reports Reports of C.A.R.’s Risk Management and Consumer Protection Forum at each of the three C.A.R. business meetings each year. Take your professional development up a notch with educational materials, marketing tools, training videos, and more to keep you on top of your game. Our roundup of the most newsworthy, influential and unbelievable things that happened this year.

Venture-backed residential brokerage Compass has hired bookrunners ahead of an independent public offering in 2021, according to a new report. Between the presidential election and a new wave of coronavirus cases, buyers and sellers had reasons to pause, report finds.

Real Estate News

Americans are looking to buy homes in the suburbs, but construction firms can’t keep pace with demand. Sign up now to receive the latest local & global real estate news in your inbox. According to the Property Monitor’s latest Dubai House Price Index, the average annual house price in Dubai decreased by 12{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} in March 2019, with some communities registering even higher price declines. According to new data by JLL Research, India’s office market witnessed a net absorption of 5.4 million sq. ft in quarter ending September 2020 , an increase of 64{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} versus quarter ending June 2020 . According to Knight Frank’s latest Global House Price Index for Q2, 2020, Turkey leads the annual rankings with prices up 25{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} year-on-year. Based on international property consultant Knight Frank’s latest Global Residential Cities Index, the annual rate of price growth worldwide declined marginally from 3.6{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} to 3.4{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} between March and June of 2020.

Employers and workers are embracing the freedom of where to live and work; and if that trend holds, a shift in real estate demand will occur on a global scale. According to the latest Multifamily Market Survey by the National Association of Home Builders, confidence in the market for new multifamily housing increased in the third quarter of 2020. For countless American households, especially those in more expensive markets, higher loan limits open more opportunities for homeownership. YPN is a network to sharpen your skills, heighten your leadership, and connect with fellow REALTORS®. Find out more information on key diversity and inclusion programs and projects available. Grants for California REALTORS® and residents pursuing real estate education. Programs and grants to provide direct assistance to address the housing crisis in California.