Calgary And Vancouver Lead Canadian Housing Market Boom

In releasing its property management jobs in maryland national data on Monday, CREA said sales in Vancouver were up 53.1 per cent from last year to 2,557 while Calgary transactions rose by 28.8 per cent to 2,830. In Canada, total MLS sales in August were 40,350. aThe year 2013 has been a very strong year for the Calgary real estate market,a said Crystal Tost, a realtor with RE/MAX Realty Professionals in Calgary. aEarlier in the year we saw the market pick up as we transitioned into a sellersa market as a direct result of low inventory levels.
For the original version including any supplementary images or video, visit http://www.calgaryherald.com/business/Calgary+Vancouver+lead+Canadian+housing+market+boom/8917019/story.html

No Confidence in China Markets Inflates Housing Bubble

Douse Market The governments efforts to douse an overheated property market have also been frustrated by local governments in smaller cities, where prices have not kept pace with the gains in bigger hubs. Cities, especially smaller ones — which got at least 21 percent of their revenue from selling land last year, according to UBS AG — have been less inclined to enforce Beijings orders as economic growth slows. Prices in Beijing and Shanghai both increased 14 percent in July as 69 of 70 cities tracked by the government climbed from a year earlier. The eastern city of Wenzhou was the only one to post a decline, while prices in the southern city of Haikou on Hainan Island rose 1 percent and gained 1.3 percent in the northern city of Tangshan from last year. Wenzhou is easing restrictions to allow second-home purchases by some local residents, the official Xinhua News Agency reported on Aug.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2013-09-15/no-confidence-in-china-markets-inflates-housing-bubble.html

San Antonio housing market ends the sales season on a strong note, SABOR reports

The median price of a home in the greater San Antonio area was $174,500 a an eight percent increase from the median price of $161,400 as of August 2012. A major factor in the median-price rise a an increase in the number of higher-end homes sold, observes Steven Gragg , 2013 Chairman of the Board for SABOR. aSince February, homes priced over $500,000 have edged close to or gone over four percent of total homes sold,a he says. aUsually that number is closer to three percent.a In August, homes priced over $500,000 accounted for 3.9 percent of units sold in the San Antonio MSA, SABOR reports.
For the original version including any supplementary images or video, visit http://www.bizjournals.com/sanantonio/blog/2013/09/san-antonio-housing-market-ends-the.html

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