US housing starts jump more than expected in January

Housing starts jumped 18.6 percent to a seasonally adjusted annual rate of 1.230 million units in January, the Commerce Department said on Friday. The housing market hit a soft patch last year amid higher mortgage rates, expensive lumber as well as land and labor shortages, which led to tight inventories […]

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Propy Completes First Blockchain Property Transfer In EU Market

Blockchain startup Propy has completed its first blockchain-powered property sale in the European Union. Propy is an international real-estate marketplace built on blockchain technology. It facilitates connections between the seller, buyer, realtors, title agent and/or notary to enable the seamless purchase of real estate online using the ethereum blockchain. Propy’s […]

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Existing home sales unchanged in August

The National Association of Realtors said that existing home sales were unchanged at a seasonally adjusted annual rate of 5.34 million units in August. It follows four straight months of monthly declines. Supply has also been constrained by rising building material costs as well as land and labor shortages while […]

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