Vesta Equity Market Recap 11.0
To stay up-to-date on the current state of the housing market, refer to the 11.0 edition of Vesta Equity's Real Equity Marketplace Update. Please sign up to receive the recap weekly and share the recap with people in your network who want to stay on top of the latest housing trends and investment opportunities.
The Pulse on Housing
Existing home sales in the US skyrocketed by 14.5% in February 2023, with single-family home sales performing even better, rising by 15.3%.
New home sales in the US rose by 1.1% in February compared to the previous month, marking three consecutive months of growth, according to data from the US Census Bureau and the Department of Housing and Urban Development.
The Monetary Authority of Singapore has launched a pilot program, Project Guardian, to tokenize bonds and deposits for various DeFi strategies, with JPMorgan, DBS Bank and Marketnode as initial partners. Tokenizing real-world assets allows DeFi to tap into some of the largest financial markets, with real estate valued at $327 trillion in 2022.
Top News in Housing
Homebuyers Persist Despite Rising Mortgage Payments and Affordability Challenges - Although mortgage payments have increased due to high interest rates and home prices, homebuyers remain committed to purchasing new homes, according to loan officers. The national median mortgage payment rose to $2,061 in February, from $1,964 in January, according to the Mortgage Bankers Association's purchase applications payment index.
Aging in place poses challenges for elderly Americans - Elderly Americans are struggling to pay for high long-term care costs, with the "vast majority" preferring to age in place within their own homes, yet lacking access to dedicated care staff, according to the Washington Post.
Chainlink Labs and PwC Germany partner to boost blockchain adoption in enterprises - Chainlink Labs and PwC Germany are collaborating to accelerate enterprise adoption of blockchain technology, providing solutions to help businesses seamlessly interface with the growing blockchain economy. This collaboration is part of a wider trend towards tokenization and blockchain middleware providers, supported by institutions such as JP Morgan and Singapore’s DBS Bank.
Vesta Equity Marketplace Overview
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