More info @ https://www.zerohedge.com/news/2017-12-28/housing-bubble-20-us-homeowners-made-2-trillion-their-houses-2017
Housing Bubble 2.0: U.S. Homeowners Made $2 Trillion On Their Houses In 2017
Americans who are lucky enough to own their own little slice of the ‘American Dream’ are about $2 trillion wealthier this year courtesy of Janet Yellen’s efforts to recreate all the same asset bubbles that Alan Greenspan first blew in the early 2000’s. After surging 6.5% in 2017, the highest pace in 4 years according to Zillow data, the total market value of homes in the United States reached a staggering all-time high of $31.8 trillion at the end of 2017…or roughly 1.5x the total GDP of the United States.
If you add the value of all the homes in the United States together, you get a sum that’s a lot to get your mind around: $31.8 trillion.
How big is that? It’s more than 1.5 times the Gross Domestic Product of the United States and approaching three times that of China.
Altogether, homes in the Los Angeles metro area are worth $2.7 trillion, more than the United Kingdom’s GDP. That’s before this luxury home on steroids hits the market.
In the New York City metro, total home values equal $2.6 trillion, more than the French economy — and enough money to buy 8,494 Boeing 787-10 Dreamliners. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 29, 2017 at 06:42AM
Who Wants to Buy the Most Expensive House in America?
One man is building a house so enormous, and so absurdly lavish, that it may be the ultimate symbol of our age of thirst, excess and inequality. Asking price? $500 million.
More info @ https://www.nytimes.com/2017/12/23/style/the-most-expensive-house-in-america.html
Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 23, 2017 at 09:35AM
U.S. home sales hit 11-year high, supply still tight
U.S. home sales increased more than expected in November, hitting their highest level in nearly 11 years, the latest indication that housing was regaining momentum after almost stalling this year.
More info @ https://www.reuters.com/article/us-usa-economy/u-s-home-sales-hit-11-year-high-supply-still-tight-idUSKBN1EE20H
https://www.reuters.com/article/us-usa-economy/u-s-home-sales-hit-11-year-high-supply-still-tight-idUSKBN1EE20H Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 20, 2017 at 09:19AM
Single-family housing starts, permits hit 10-year high
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding and permits surged to more than 10-year highs in November, in a hopeful sign for a housing market that has been hobbled by supply constraints. The Commerce Department said on Tuesday that single-family homebuilding, which accou…
More info @ https://www.yahoo.com/news/single-family-housing-starts-permits-hit-10-high-141402834.html
https://www.yahoo.com/news/single-family-housing-starts-permits-hit-10-high-141402834.html Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 19, 2017 at 08:56AM
4 Markets British Investors Are Targeting
Nearly every major region of the U.S. has at least one city that is seeing a marked increase in activity among home buyers from Great Britain. This is what’s drawing them.
More info @ http://realtormag.realtor.org/daily-news/2017/12/11/4-markets-british-investors-are-targeting
Home buyers from Great Britain have been focusing on purchasing single-family homes in the U.S., according to the U.S. Census Bureau’s Survey of Construction. They’re targeting markets across the country, with at least one city in nearly every major region seeing a marked uptick in activity from British investors, according to Investorist, a global B2B sales platform. Investorist reveals those cities, along with factors that make them an attractive destination and home price points that are drawing British investors.
West Coast: Palm Springs, Calif.
Sweet-spot price: $600,000 to $700,000
East Coast: Orlando, Fla.
Northeast: Boston Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 12, 2017 at 04:33PM
Canadian Housing Starts Trend Sees Large Gain in November | CMHC
December 8, 2017
More info @ https://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-12-08-0816.cfm
The trend in housing starts was 226,270 units in November 2017, compared to 216,642 units in October 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
“The trend in housing starts reached its highest level in almost 10 years this November, reflecting a second consecutive increase in multiple starts,” said Bob Dugan, CMHC’s chief economist. “This largely reflects construction of multiple units in Toronto, where evidence of overbuilding is low due to the decreasing inventory of completed and unabsorbed multiple units and strong demand.” Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 12, 2017 at 04:29PM
The 10 Best Places in America to Raise a Family Now
Great schools, affordable homes, solid jobs and family-friendly amenities.
More info @ http://time.com/money/5054607/best-places-america-raise-family/
http://time.com/money/5054607/best-places-america-raise-family/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 12, 2017 at 04:15PM
Construction poised for growth in 2018
The Dodge Momentum Index rose for a second-straight month, buoyed by gains in the commercial and institutional sectors.
More info @ https://www.constructiondive.com/news/construction-poised-for-growth-in-2018/512689/
The Dodge Momentum Index saw its second-straight month-over-month increase in November, rising 13.9% to a mark of 149.5 from a revised October reading of 131.3, according to Dodge Data & Analytics.
Following four months of declines, Dodge attributed November’s climb to gains in both the commercial (19.6%) and institutional (5.5%) sectors with 21 nonresidential projects valued at $100 million or more entering the planning stages. These projects include a $300 million mixed-use hotel complex at Atlanta’s Hartsfield-Jackson Airport and a $200 million UPMC Vision and Rehabilitation Hospital in Pittsburgh.
The Index is up almost 21% overall from November 2016, with commercial (+24%) and institutional (+17%) contributing to that year-over-year trend. October’s and November’s positive trajectories indicate continued expansion in 2018. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 11, 2017 at 09:18AM
HomeUnion: Detroit is #4 Rental Market in US | Pioneer Homes
HomeUnion released its list of the most sought-after housing markets in 2017. Detroit ranked fourth, behind only Chicago, Columbus, OH, and Atlanta.
More info @ https://www.pioneerhomesus.com/news/detroit-is-home-unions-4-market-in-u-s-for-single-family-rentals/
https://www.pioneerhomesus.com/news/detroit-is-home-unions-4-market-in-u-s-for-single-family-rentals/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 10, 2017 at 05:24PM
LA ranks among top moving destinations in 2017
Where does the 11 percent of the U.S. population that moves every year go? Moving app Updater reports that Los Angeles is the third most popular destination in 2017 for those picking up stakes and heading out of town. Updater issued its first list of top destinations Monday, although it’s been tra…
More info @ http://losangeles.crains.com/article/news/la-ranks-among-top-moving-destinations-2017?itx%5Bidio%5D=5765856&ito=792&itq=821ee806-753e-45e9-bb3b-1d4cb5170f90
Where does the 11 percent of the U.S. population that moves every year go? Moving app Updater reports that Los Angeles is the third most popular destination in 2017 for those picking up stakes and heading out of town.The most popular destination for people to move was the Washington D.C. area, followed by Dallas-Fort Worth. Rounding out the top 15 were New York City, Atlanta, Austin, Houston, Philadelphia, San Francisco, Chicago, Orlando, Seattle, Denver, Boston and Phoenix. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 09, 2017 at 06:42PM