Rampant speculation has stoked prices and raised concerns of a sharp correction. The authorities have introduced a flurry of cooling measures since early 2016 in the latest round of speculative buying
Property consultant CoreLogic said on Thursday its index of home prices for the combined capital cities slipped 0.3% in February after it fell 0.5% in January
Brazil is coming out of a lengthy recession following years of political turmoil. Home prices fell 3.23 percent in 2017 and 5.38 percent in 2016, when inflation is factored in, according to the FipeZap Index, which tracks sales in 20 Brazilian cities.
The weak report from the Commerce Department on Monday came on the heels of data last week showing sales of previously owned homes dropped for a second consecutive month in January
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