China Home Prices Expected To Decline Slower Amid Weak Market

The housing market is showing mixed signals across different regions in 2025, with some areas experiencing slow declines and others seeing slight recoveries. In China, new-home prices are expected to decline more slowly in 2025, with a projected 3.8% decrease improving from earlier forecasts, though property sales and investment remain weak amid ongoing sector challenges and high unsold inventory. Metro Vancouver is witnessing a modest rebound in housing activity, with home sales up 2.9% in August 2025 compared to the previous year, yet benchmark prices have fallen by nearly 4%, reflecting cautious buyer sentiment and sellers lowering price expectations. Similarly, the Sunshine Coast area reports increased detached home sales but lower median prices, signaling a gradual market adjustment. In contrast, Southern Nevada's home construction market is slowing, with builders reporting a significant drop in home sales and permits due to economic headwinds and high borrowing costs, despite rising median prices for new homes. Meanwhile, U.S. vacation home markets are cooling faster than primary home markets, with a 3% drop in sales in seasonal towns due to high mortgage rates and a shift in buyer priorities away from second homes amid affordability pressures.