LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in July to the slowest pace since January, as elevated mortgage rates and a stubbornly low inventory of homes on the market combined to discourage many would-be homebuyers.

The average asking price for a rental unit in Canada reached $2,042 in June, marking a 7.5 per cent increase from 2022. Metropolitan districts are particularly affected by rising rental costs, with some local families forced to relocate due to a lack of affordable housing.

Hotels are more than a place to stay while on vacation. They are also critical for disaster relief and recovery.

OMAHA, Neb. (AP) — Warren Buffett's company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton's stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp.