Home building jumped to near an 11-year high in May as the U.S. economy continued to show signs of acceleration. Housing starts ran at a seasonally adjusted annual 1.35 million annual rate in May, the Commerce Department said Tuesday. That exceeded the 1.3 million page expected by economists. This is the fastest annual pace for home builders breaking ground on new construction since 2007. The pace was 5 percent higher than April and 20.3 percent higher than a year ago. The faster pace of construction likely explains most of the increase in construction materials. The price of framing lumber, as measured by the Random Lengths Composite Framing Price index, rose 10 percent in May, prompting the National Association of Home Builders to decry Trump administration tariffs on lumber imported from Canada. But with housing starts up 20.3 percent compared with a year prior, it is more likely the bulk of the increase in price was due to rapidly increasing demand.http://www.breitbart.com/economics/2018/06/19/u-s-homebuilding-surges-near-11-year-high/

U.S. Homebuilding Surges Near 11-Year High Despite Builder Complaints about Lumber Tariffs and Labor Shortages | Breitbart
National Association of Home Builders complained that Trump administration tariffs on lumber imported from Canada were hurting builders. Housing starts data, however, show the market is roaring ahead.
More info @ http://www.breitbart.com/economics/2018/06/19/u-s-homebuilding-surges-near-11-year-high/
Home building jumped to near an 11-year high in May as the U.S. economy continued to show signs of acceleration.
Housing starts ran at a seasonally adjusted annual 1.35 million annual rate in May, the Commerce Department said Tuesday. That exceeded the 1.3 million page expected by economists.

This is the fastest annual pace for home builders breaking ground on new construction since 2007. The pace was 5 percent higher than April and 20.3 percent higher than a year ago.

The faster pace of construction likely explains most of the increase in construction materials. The price of framing lumber, as measured by the Random Lengths Composite Framing Price index, rose 10 percent in May, prompting the National Association of Home Builders to decry Trump administration tariffs on lumber imported from Canada. But with housing starts up 20.3 percent compared with a year prior, it is more likely the bulk of the increase in price was due to rapidly increasing demand.http://www.breitbart.com/economics/2018/06/19/u-s-homebuilding-surges-near-11-year-high/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
June 19, 2018 at 08:33PM

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ttps://www.wsj.com/articles/los-angeles-mansion-shoots-for-a-record-135-million-1528813810

Los Angeles Mansion Shoots for a Record $135 Million
The developer of this Beverly Hills property sold another​spec home to Detroit Pistons owner Tom Gores for $100 million in 2016
More info @ http://www.wsj.com/articles/los-angeles-mansion-shoots-for-a-record-135-million-1528813810
ttps://www.wsj.com/articles/los-angeles-mansion-shoots-for-a-record-135-million-1528813810 Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
June 12, 2018 at 08:30PM

US house prices are going to rise at twice the speed of inflation and pay: Reuters poll An acute shortage of affordable homes in the U.S. will continue over the coming year, according to a majority of property market analysts polled by Reuters. The shortage is driving prices up faster than inflation and wage growth. Annual average earnings growth has remained below 3 percent even as house price rises have averaged more than 5 percent over the last few years. https://www.cnbc.com/2018/06/06/us-house-prices-are-going-to-rise-at-twice-the-speed-of-inflation-and-pay-reuters-poll.html

US house prices are going to rise at twice the speed of inflation and pay: Poll
An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property market analysts polled by Reuters.
More info @ https://www.cnbc.com/2018/06/06/us-house-prices-are-going-to-rise-at-twice-the-speed-of-inflation-and-pay-reuters-poll.html
US house prices are going to rise at twice the speed of inflation and pay: Reuters poll
An acute shortage of affordable homes in the U.S. will continue over the coming year, according to a majority of property market analysts polled by Reuters.
The shortage is driving prices up faster than inflation and wage growth.
Annual average earnings growth has remained below 3 percent even as house price rises have averaged more than 5 percent over the last few years.
https://www.cnbc.com/2018/06/06/us-house-prices-are-going-to-rise-at-twice-the-speed-of-inflation-and-pay-reuters-poll.html Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
June 06, 2018 at 01:07PM

https://www.experian.com/blogs/ask-experian/these-states-have-the-hottest-real-estate-growth/

These States Have the Hottest Real Estate Growth
64% of American adults think home prices in their market will increase this coming year, the highest percentage since prior to the Great Recession. Read more.
More info @ https://www.experian.com/blogs/ask-experian/these-states-have-the-hottest-real-estate-growth/
https://www.experian.com/blogs/ask-experian/these-states-have-the-hottest-real-estate-growth/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
June 04, 2018 at 09:03PM

These are the 50 richest zip codes in the U.S.
From New York City to Silicon Valley, Chateau Country to the Rust Belt, this is where the wealthiest people live in America.
More info @ https://twitter.com/i/moments/998243851495182336?t=1&cn=ZmxleGlibGVfcmVjc18y&refsrc=email&iid=ccdde527d4e3438b8a0700344171abd5&uid=2490693578&nid=244+273027072
Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
June 04, 2018 at 12:50PM

To determine the best markets for real-estate agents, WalletHub compared more than 170 U.S. cities across 18 key indicators of a healthy housing market, ranging from sales per agent to annual median wage for real-estate agents to housing-market health index. Best Places to Be a Real-Estate Agent 1 San Francisco, CA 11 Irvine, CA 2 Seattle, WA 12 Portland, OR 3 San Jose, CA 13 Salem, OR 4 Fremont, CA 14 Charlotte, NC 5 Oakland, CA 15 Boston, MA 6 New York, NY 16 Los Angeles, CA 7 Santa Rosa, CA 17 Tempe, AZ 8 Denver, CO 18 Fargo, ND 9 Nashville, TN 19 Rancho Cucamonga, CA 10 Vancouver, WA 20 Pearl City, HI Best vs. Worst Salem, Ore. has the most homes sold in the past year per real-estate agent, 148.20, which is 21.6 times more than in Houston, the city with the fewest at 6.86. San Francisco has the highest median house price, $858,800, which is 20.9 times higher than in Detroit, the city with the lowest at $41,000. Honolulu and Pearl City, Hawaii have the highest annual median wage for real-estate agents, $87,070, which is 3.6 times higher than in Laredo, Texas, the city with the lowest at $23,970. San Francisco, San Jose, Calif. and Seattle, listings have the fewest days on the market, 38, which is 4.3 times fewer than listings in Miami, the city with the most at 165. Memphis, Tenn. has the highest share of home flips, 11.67 percent, which is 3.9 times higher than in Pittsburgh, the city with the lowest at 3.03 percent. https://wallethub.com/edu/best-worst-cities-to-be-a-real-estate-agent/18713/

2018’s Best Places to Be a Real Estate Agent
2018’s Best Places to Be a Real Estate Agent Apr 25, 2018  |  Adam McCann, Financial Writer 145 SHARES “Location, location, location” might be the catchphrase of the real-estate profession, but it applies just as much to realtors as it does to their clients. After all, success in the indus…
More info @ https://wallethub.com/edu/best-worst-cities-to-be-a-real-estate-agent/18713/
To determine the best markets for real-estate agents, WalletHub compared more than 170 U.S. cities across 18 key indicators of a healthy housing market, ranging from sales per agent to annual median wage for real-estate agents to housing-market health index.
Best Places to Be a Real-Estate Agent
1 San Francisco, CA 11 Irvine, CA
2 Seattle, WA 12 Portland, OR
3 San Jose, CA 13 Salem, OR
4 Fremont, CA 14 Charlotte, NC
5 Oakland, CA 15 Boston, MA
6 New York, NY 16 Los Angeles, CA
7 Santa Rosa, CA 17 Tempe, AZ
8 Denver, CO 18 Fargo, ND
9 Nashville, TN 19 Rancho Cucamonga, CA
10 Vancouver, WA 20 Pearl City, HI

Best vs. Worst
Salem, Ore. has the most homes sold in the past year per real-estate agent, 148.20, which is 21.6 times more than in Houston, the city with the fewest at 6.86.

San Francisco has the highest median house price, $858,800, which is 20.9 times higher than in Detroit, the city with the lowest at $41,000.

Honolulu and Pearl City, Hawaii have the highest annual median wage for real-estate agents, $87,070, which is 3.6 times higher than in Laredo, Texas, the city with the lowest at $23,970.

San Francisco, San Jose, Calif. and Seattle, listings have the fewest days on the market, 38, which is 4.3 times fewer than listings in Miami, the city with the most at 165.

Memphis, Tenn. has the highest share of home flips, 11.67 percent, which is 3.9 times higher than in Pittsburgh, the city with the lowest at 3.03 percent.
https://wallethub.com/edu/best-worst-cities-to-be-a-real-estate-agent/18713/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
June 04, 2018 at 10:27AM

The biggest price gains remained concentrated in the west. Seattle saw a 13% annual gain in prices, while Las Vegas prices increased 12.4% and San Francisco saw an 11.3% increase. David Blitzer, managing director at S&P Dow Jones Indices, attributed the price gains to a lack of homes for sale. Housing inventory is near the lowest level in decades. “Until inventories increase faster than sales, or the economy slows significantly, home prices are likely to continue rising,” he said. Mr. Blitzer noted, however, that the current gains remain more moderate than the last housing bubble, when nationally home price gains peaked at 14.5%—bigger than the current gains in Seattle. https://www.wsj.com/articles/home-prices-continue-to-rise-in-march-1527599488

Home Prices Continued to Rise in March
Home-price gains showed no signs of slowing in March, putting continued pressure on buyers as mortgage rates have also recently risen to their highest levels in years.
More info @ https://www.wsj.com/articles/home-prices-continue-to-rise-in-march-1527599488
The biggest price gains remained concentrated in the west. Seattle saw a 13% annual gain in prices, while Las Vegas prices increased 12.4% and San Francisco saw an 11.3% increase.

David Blitzer, managing director at S&P Dow Jones Indices, attributed the price gains to a lack of homes for sale. Housing inventory is near the lowest level in decades. “Until inventories increase faster than sales, or the economy slows significantly, home prices are likely to continue rising,” he said.

Mr. Blitzer noted, however, that the current gains remain more moderate than the last housing bubble, when nationally home price gains peaked at 14.5%—bigger than the current gains in Seattle.
https://www.wsj.com/articles/home-prices-continue-to-rise-in-march-1527599488 Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 29, 2018 at 12:20PM

http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-richard-nixon-20180528-story.html

Richard M. Nixon’s Western White House is back up for sale at $63.5 million
The San Clemente estate was originally priced at $75 million three years ago.
More info @ http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-richard-nixon-20180528-story.html
http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-richard-nixon-20180528-story.html Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 28, 2018 at 08:07PM