The housing market will keep testing the government’s tolerance, but without interventions, things would be a lot more volatile
In August, new private home sales more than doubled to 2,142, the highest volume for August since data on developers’ monthly sales became available in 2007, according to data from OrangeTee. Moreover, primary sales in the first nine months of this year exceeded the number of transactions for the whole of 2022, 2023 and 2024.
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