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Unsold housing inventory across India’s top seven cities increased by 4 per cent last year, as the supply of new homes continued to exceed buyer demand, according to data released by real estate consultant Anarock.The total number of unsold residential units in the primary market stood at 5,76,617 at the end of 2025, compared with…
Sales of existing homes in the US rose modestly in November from the previous month but declined compared with a year earlier, as higher prices continued to weigh on affordability despite relatively stable mortgage rates, according to data released on Friday, AP reported. Existing home sales increased 0.5 per cent from October to a seasonally…
Central Bank rate cut brings relief for UAE borrowers / Image: File The Central Bank of the UAE lowered its base rate for the Overnight Deposit Facility (ODF) by 0.25 percentage points, following a similar move by the US Federal Reserve. The cut takes effect immediately and is described by the bank as aligning UAE…
The 30-year US mortgage rate rose slightly for the second consecutive week but stayed close to its lowest level of the year.Freddie Mac, quoted by AP, reported on Thursday that the long-term mortgage rate increased to 6.24 per cent from 6.22 per cent the previous week. A year earlier, the rate stood at 6.78 per…
