Housing Market Slowdown: Top 9 Cities Report 11% Decline In New Launches, Sales Down 18% in Q3 – News18

The housing market slowdown has hit the top 9 cities hard, with a reported 11% decline in new launches. Sales have also taken a hit, dropping by 18% in Q3. This news comes as a blow to the real estate industry, as cities across the country grapple with the effects of the economic downturn. The decrease in new launches and sales is a concerning trend that could have lasting effects on the housing market. Investors and developers are closely monitoring the situation, hoping for a turnaround in the near future.