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US homes sales improved in June, best since 2007

  AP Americans bought more homes in June, the fourth straight monthly gain as the sales rate reached its highest level in more than nine years. The National Association of Realtors said that sales of existing homes rose 1.1 percent last month to a seasonally adjusted annual rate of 5.57 million, the best performance since February 2007. Buyers are quickly ...

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Vancouver blames Airbnb for housing deficit

  AFP Vancouver’s city council launched a review of the municipal regulations on short-term rentals like Airbnb, a platform accused of driving up real estate prices. “We’re working to better understand the economic benefits of short-term rentals, as well as the potential impact of short-term tourist rentals on the supply and price of long term rental housing for Vancouver residents,” ...

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Home rental price growth pulls even with wages in US

  AP U.S. renters are seeing their housing costs rise at a much more manageable pace, as new construction has tempered years of runaway increases in rent. Real estate data firm Zillow says that median rent rose a seasonally adjusted 2.6 percent in June from a year ago, matching the gains in average hourly wages. Rental costs have decelerated after ...

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