Real estate
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Existing home sales in the U.S. fell to 3.75 million homes in October, the lowest level in more than 16 years.
Estate agents report a 27% drop in first-time buyer enquiries due to rising interest rates.
Zoopla reported a 27% decline in first-time buyer inquiries.
Home buyers sat on their hands in October, with sales of existing homes falling 5.5% from September.
Existing home sales in the United States fell 5.5% in October
US housing sales fell 5.5% month-over-month in October, seasonally adjusted to a year-over-year rate of 3.75 million units, marking the lowest level in over 16 years.
US existing home sales decreased by 5.5% in October to 3.75 million.
US existing home sales fell to 3.75 million in October, below the expected 3.85 million.
Home sales declined 5.5% in October, reaching their lowest level since 2010.
Taylor Wimpey lowered its 2026 completion guidance to approximately 10,500 units.
Taylor Wimpey lowered its 2026 completion guidance to approximately 10,500 units.
Taylor Wimpey cut its housing targets due to a subdued property market.
Taylor Wimpey reported lower profits due to higher mortgage rates reducing buyer demand
India's wealthy are increasing allocations to real estate and other income-generating assets.
Investors in India are increasing their allocations towards high-yielding assets in real estate and logistics.
India is increasing its allocations towards high-yielding assets in real estate and logistics.