Home prices reach new all-time highs in August
The S&P CoreLogic Case-Shiller home price index rose more than expected in August.
More info @ https://www.cnbc.com/2017/10/31/august-case-shiller-home-price-index.html
https://www.cnbc.com/2017/10/31/august-case-shiller-home-price-index.html Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
October 31, 2017 at 01:17PM
September New Single-Family Home Sales Surge
Highest pace in a decade; prices up as well.
More info @ http://www.builderonline.com/money/economics/september-new-single-family-home-sales-surge_o
SEPTEMBER NEW SINGLE-FAMILY HOME SALES SURGE
Highest pace in a decade; prices up as well.
Sales of new single-family houses in September came in at a seasonally adjusted annual rate of 667,000, up 18.9% from the revised August rate of 561,000 and 17.0% above the September 2016 estimate of 570,000, the U.S. Census Bureau and the Department of Housing and Urban Development said Wednesday.http://www.builderonline.com/money/economics/september-new-single-family-home-sales-surge_o? Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
October 25, 2017 at 07:33PM
U.S. new home sales race to nearly 10-year high in September
Sales of new U.S. single-family homes unexpectedly rose in September, hitting their highest level in nearly 10 years, offering hope that the housing market was regaining speed after appearing to stall recent months.
More info @ https://www.reuters.com/article/us-usa-economy-housing/u-s-new-home-sales-race-to-nearly-10-year-high-in-september-idUSKBN1CU22L
Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
October 25, 2017 at 12:04PM
Toyota headquarters in Torrance sold for $270 million to Irvine real estate developer
The former headquarters of Toyota’s North American business in Torrance has been sold for $270 million to Irvine real estate developer Sares Regis
More info @ http://www.latimes.com/business/la-fi-toyota-sares-regis-20171019-story.html?itx%5Bidio%5D=5765856&ito=792&itq=7fc071cb-b55c-46e1-95c7-66eeeebbbbc5
Developer Sares-Regis Group has acquired the former Toyota headquarters in Torrance for $270 million making it one of the biggest real estate transactions of the year in the region, where there is high demand for campus-style offices. The price was nearly double earlier estimates and indicates the potential the Irvine firm sees in developing the sprawling office and industrial park near the 405 Freeway. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
October 21, 2017 at 12:54PM
Dodge: September construction starts jump 14%
The nonresidential sector, which spiked 37% month over month, was the primary driver behind the rebound.
More info @ http://www.constructiondive.com/news/dodge-september-construction-starts-jump-14/507769/
The value of construction starts surged 14% from August to a seasonally adjusted rate of $814.8 billion in September, according to Dodge Data & Analytics. The rebound was driven by the nonresidential sector, which spiked 37% month over month.
Nonresidential benefited from three major starts last month – an ethane cracker plant in Pennsylvania ($6 billion); a new Delta terminal at LaGuardia Airport in New York City ($4 billion) and an office tower in the Hudson Yards development in Manhattan ($1.7 billion). A lethargic public works sector pushed nonbuilding down 3%, while residential – both single-family and multifamily – saw a modest gain of 1%.
http://www.constructiondive.com/news/dodge-september-construction-starts-jump-14/507769/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
October 20, 2017 at 08:31AM
CoreLogic August Home Price Index Jumps Nearly 7%
Home prices rose almost 7% nationally in August, a sharp year-over-year increase. The states of Washington and Utah posted double digit increases to lead the price hikes.
More info @ https://finance.yahoo.com/news/corelogic-august-home-price-index-131509315.html?.tsrc=rss
Home prices rose 6.9% in August compared with the same month a year ago, according to CoreLogic. The research firm had previously forecast a rise of 5%, more in line with the index jumps in for the first three months of the year. The data include sales of distressed properties.
Month over month, August prices rose 0.9%, including distressed home sales. CoreLogic expects August housing prices to rise another 4.7% year over year by August 2018 and to rise by 0.1% month over month.
The 10 U.S. metropolitan areas posting the largest increases were:
Las Vegas: up 8.4%
Denver: up 8.3%
San Francisco: up 7.7%
San Diego: up 7.4%
Los Angeles: up 6.9%
Boston: up 6.7%
Miami: up 5.5%
Washington, D.C.: up 4.1%
Chicago: up 3.9%
Houston: up 2.1%
https://finance.yahoo.com/news/corelogic-august-home-price-index-131509315.html?.tsrc=rss Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
October 04, 2017 at 09:51AM
Holiday spending expected to increase 6 percent this year
It’s going to be a ho, ho, ho Christmas — for the wealthy. Overall holiday spending across the US is expected to rise 6 percent this year, to an average of $1,189 per person — but wealthier shopper…
More info @ http://nypost.com/2017/10/03/holiday-spending-expected-to-increase-6-percent-this-year/
No pressure or anything;-)
Overall holiday spending across the US is expected to rise 6 percent this year, to an average of $1,189 per person — but wealthier shoppers are expected to really cut loose, a national survey has found.
Those earning $100,000 to $149,999 are expected to jack up their holiday spending by 15 percent, to $1,609 per person, the survey, from PwC, found.
“It’s clear that consumers are ready to shop this year, and consumer confidence is up across the board,” said senior analyst Krystin Weseman, adding that higher-income consumers have been buoyed by low unemployment and wage growth, while lower-income consumers are not seeing the same wage gains.
Weseman was referring to the survey, which found persons earning less than $25,000 a year planned to cut their holiday spending by 3 percent, to $640. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
October 04, 2017 at 07:28AM