Posts Tagged: usa

The Advocate’s Queerest Cities in America – #20. Anchorage

Anchorage, Alaska

Every year, The Advocate ranks the cities in the US for queer friendliness based on a number of criteria. This year, the criteria includes lesbian bars, trans events, gay rugby teams, theaters screening “Moonlight”, Misterb&b hosts, LGBT centers, and more. Here’s today’s pick: With over 300,000 hardy souls, Anchorage is the closest thing to a… Read more »

The Advocate’s Queerest Cities in America – 23. Anaheim, California

Anaheim - Disneyland - Pixabay

Every year, The Advocate ranks the cities in the US for queer friendliness based on a number of criteria. This year, the criteria includes lesbian bars, trans events, gay rugby teams, theaters screening “Moonlight”, Misterb&b hosts, LGBT centers, and more. Here’s today’s pick: Only an hour’s drive from Los Angeles, Anaheim is not such a… Read more »

The Advocate’s Queerest Cities in America – 24. Seattle

Seattle - pixabay

Every year, The Advocate ranks the cities in the US for queer friendliness based on a number of criteria. This year, the criteria includes lesbian bars, trans events, gay rugby teams, theaters screening “Moonlight”, Misterb&b hosts, LGBT centers, and more. Here’s today’s pick: Like Long Beach, Seattle has an out mayor (Ed Murray) and a… Read more »

The Advocate’s Queerest Cities in America – 25. Long Beach, California

Long Beach - Pixabay

Every year, The Advocate ranks the cities in the US for queer friendliness based on a number of criteria. This year, the criteria includes lesbian bars, trans events, gay rugby teams, theaters screening “Moonlight”, Misterb&b hosts, LGBT centers, and more. Here’s today’s pick: Long Beach has long been an underrated California city, with most folks… Read more »

US Luxury House Market in a Slump?

The luxury housing market is in a slump, with prices falling 1.1 percent in the first quarter of 2016 compared to the year-ago period, according to a new report from Redfin. Aside from a positive blip in 2015’s fourth quarter, the market has been slowing since the third quarter of 2014, so the drop is… Read more »

Will the Coming Bump in Interest Rates Lower Co-op and Condo Values?

New York City real estate professionals are split on what effect the Federal Reserve’s expected raise in short-term interest rates will have on property values and real estate development. According to the latest survey by accounting firm Marks Paneth, 41 percent say an interest rate hike will cause co-op and condo values to decline, 34… Read more »

RealtyTrac: 35% of Markets Back to Peak Prices

RealtyTrac has released its October 2015 U.S. Home Sales Report, which shows that among 94 major metro areas analyzed for the report, 33 markets (35%) have now reached new all-time home price peaks in 2015. The report also shows that the median sales price of U.S. single family homes and condos in October was $207,500,… Read more »

Chinese Cash Floods US Real Estate Market

Canyon Lake Ranch was once a playground for Christian day campers, and then was a corporate retreat with water-skiing, barbecues and cowboy shoot-em-up shows. Hawks now circle above 108 sunbaked acres occupied by copperhead snakes, a few coyotes and the occasional construction truck. Soon this ranch will be a gated subdivision of 99 mini-mansions designed… Read more »

Condos Outpace Single-Family Homes in Appreciation

Condos are back in the game as they outpace single-family homes in appreciation. A recent research study released by Zillow stated that condos are appreciating at 5.1 percent annually, outpacing the 3.7 percent rate of single-family homes in the United States. During the past recession, condos were hit hard by the sudden burst in the… Read more »

Half of US Metros Likely to See Eight Year Home Sale High in 2015

RealtyTrac, the nation’s leading source for comprehensive housing data, today released its August 2015 U.S. Home Sales Report, which shows single family home and condo sales through August were on pace for an eight-year high nationwide and in 110 out of 204 (54 percent) metropolitan statistical areas with sufficient sales data. A total of 1,947,028… Read more »

Most Popular Type of Home in Every Major American City

The detached, single-family home — far and away the most common style of housing in America — is rare in Washington, D.C. Only about one in 10 homes inside the District is designed this way, with a private front door to the city, maybe a yard in the back, some buffer space keeping the neighbors… Read more »

Lack of Supply Driving Up US Home Prices

Home prices in the U.S. have risen consistently for the last three years. By that measure, the housing market looks pretty good, but the prices are being driven by a severe lack of supply. And that’s discouraging for many buyers, especially in some of the hottest markets, like Denver. Take the case of new mom… Read more »

State of the US Real Estate Market

Forbes Magazine, that guru of money, has recently issued a roundup of real estate realities for 2015. Rather than re-invent the wheel, this week I am presenting their insights to you in a deconstructed and simple format. Here we go: An overview: Real estate has stabilized – yay! After years of roller coaster values, we… Read more »

How Living in a Gayborhood Affects Your Home’s Price

Gay neighborhoods are not just more expensive than most other neighborhoods in their metropolitan area, they also appreciate more quickly. In the last three years, home prices in neighborhoods with high numbers of male same-sex couples have increased by an average of 23%, according to a new study by online real estate service Trulia; prices… Read more »

Where It’s Cheaper to Buy Than Rent in the US

Trulia bases these calculations on all the homes listed on their site for rent or sale in March 2015. They include things like mortgage payments, maintenance, insurance, taxes, closing costs, down payment, sale proceeds and security deposits in the cost of owning and renting, and make a separate calculation for homeowner association fees. At Gay… Read more »

The Most Walkable Cities in the US

I’m really shocked Portland isn’t on this list: In an announcement that will surprise no one, Walk Score, the company that produces the go-to metric for walkable cities, has once again ranked New York as the number one most walkable large U.S. city. With a score of 87.6, New York in fact extended its lead… Read more »

Whats Hot and Why

By most indicators, the national real estate market is looking up. There are lots of reasons for this and we’ll get into some of them here. But for the most part, the real estate market follows the general state of the economy. When employment is high and the economy is on a strengthening trend, buyer… Read more »

What Street Will You Live On?

Something a little fun and fluffy for Sunday: For decades we have believed that the most popular name for a road was “2nd.” But by my analysis, that crown actually goes to “Park.” (Again, look to the methodology section for a discussion of this.) Out of over a million roads in the United States, 9,640… Read more »

Ten US Cities With Skyrocketing Rents

Sorry, Silicon Valley — rent in San Francisco is still on the rise. Zillow’s Rent Index, which looks at median rents in the nation’s hottest markets, has San Francisco and San Jose at the top of its list for largest year-over-year increase. As unwelcome as that news may be for people in the Bay Area,… Read more »

Where Are Mortgage Rates Headed?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created… Read more »

2014 Shattered the Record for Home Sales Over $50M

Every few weeks an unreasonably expensive home pops up on the market, and real estate-watchers are dumbfounded all over again. Top blockbuster honors currently go to the 25-acre Beverly Hills compound Palazzo di Amore, listed last November for $195M, the same month a Georgian Revival mansion on 11 acres in the Hamptons debuted for $140M…. Read more »

Services and Advocacy for LGBT Elders Pushes for More LGBT Senior Housing

The group Services and Advocacy for LGBT Elders (SAGE) has revealed plans for a national, multi-year LGBT elder housing initiative in the US. SAGE leaders and several major partners of the organization explained the details at an event on February 3. According to the press release, “LGBT older people often face unique challenges in finding… Read more »

10 Easy Tips to Get Your House Ready to Sell

Most people know the basics about getting their home ready to sell: remove any clutter and excess furniture, fix what’s broken and set your rooms to look like a model home would. But buyers have more and more inventory to choose from in this market and the details matter. Here are 10 enhanced Staging Tips 1…. Read more »

2014 Is Over, Sell the House?

At the end of the year in Orange County, hundreds of homeowners have a tough decision to make. The ‘listing for sale agreement’ on their house is about to expire and they now must decide to either take their house off the market (OTM), For Sale by Owner (FSBO) or list it again with the… Read more »

Young Homebuyers on the Decline

The share of first-time home buyers has dropped to its lowest level in 27 years, highlighting the challenges facing the housing market’s stalled recovery, according to an annual survey released Monday by the National Association of Realtors. Only 33 percent of buyers purchased their first home this year, down from 38 percent a year ago,… Read more »

US Median Real Estate Price Reaches Six Year High

The median sales price of U.S. single family homes and condos in October was $193,000, up 2 percent from the previous month and up 16 percent from a year ago to the highest level since September 2008 — a 73-month high, according to a report from real estate information company RealtyTrac Inc., of Irvine. “This… Read more »

Fun With Housing Statistics

Statistics are fun. This week we’re looking at American preferences for their living quarters, and you may find the results a bit startling. First, the homeownership rate. Our research tells us that the rate of Americans who own their homes is somewhere between 56 percent and 67 percent, with different surveys quoting slightly different rates…. Read more »

Most Expensive US Housing Markets Also the Most Liberal

Reliably liberal San Francisco has some of the most expensive housing in the country, as do heavily blue New York City and Los Angeles. At the other end of the political spectrum, housing often costs less in conservative parts of the country. These are the places — around Greenville, S.C., or Knoxville, Tenn. — that… Read more »

US Existing Home Sales Up, New Home Sales Down

Sales of existing homes shot up in July. Sales of newly-built homes fell. Behind the numbers, however, lurked the same old story: The housing market has yet to fully recover. The Commerce Department reported Monday that new home sales dropped 2.4 percent from June to a seasonally adjusted annual rate of 412,000. Normal would be… Read more »

US Middle Class 20% Poorer Than in 1984

Nostalgia is just about the only thing the middle class can still afford. That’s because median wealth is about 20 percent lower today, in inflation-adjusted dollars, than it was in 1984. Yes, that’s three lost decades. Now, as you might expect, the middle class has been hit particularly hard by the Great Recession and the… Read more »

Did Department of Justice Pressure Transgender Woman to Settle Housing Case?

A transgender woman and her partner have settled a lawsuit alleging unfair housing practices by an Athens RV park owner. The Cedar Creek Lake-area couple say they are not happy with the settlement and that the Department of Justice pressured them to accept $4,000 to settle the suit. The case was based on an Obama… Read more »

Is the US Undergoing a Mass Gentrification?

Census data suggests that in 1980 a college graduate could expect to earn about 38 percent more than a worker with only a high-school diploma. Since then, the difference in their wages has only widened as our economy has shifted to bestow greater and greater rewards on the well-educated. By 2000, that number was about… Read more »

Dive in with Drake! Long Beach: A Mecca of diversity

A Mecca among the gay mega-metropolis makes up the greater Los Angeles area, for years Long Beach has become home to many gays and lesbians who wish to nest near the water. It’s been recognized by USA Today as the most diverse city in the United States – one of the City’s strongest assets. With… Read more »

Urban US Markets Leading Condo Re-Bound

The condominium market is surging nationwide as financing trickles back into a real estate class shunned by lenders for years since the downturn. The revival also comes amid an increase in demand for rental properties, pushing the apartment vacancy rate in the U.S. to the lowest level in decades. Rental rates are responding with an… Read more »

New Condo Towers Going Up Across the USA

For the first time since the U.S. housing crash, new condominium towers are sprouting in downtown Boston, Seattle and Los Angeles as developers bet on the return of the riskiest type of residential real estate. Buyers are signing deals to reserve units in two new high-end projects in Boston. A 41-story tower rising in Seattle… Read more »

A Billionaire Could Buy Your Whole City

Just how rich is Bill Gates? According to Forbes, he’s the world’s richest person and is worth $77.5 billion. But that kind of wealth is hard to wrap your head around, so let’s put it another way: Gates could buy every single home in the entire city of Boston. That’s 114,212 single-family homes, condos and… Read more »

Majority of Homes in Seven Major Metros Now Unaffordable for Locals

More than half the homes currently on the market in seven major American metros are currently unaffordable for local residents, according to a Zillow(R) analysis of Q4 2013 income, mortgage and home value data. Additionally, homebuyers looking for affordable properties may increasingly be forced to search on the perimeter of the country’s largest metro markets,… Read more »

42% of All December Home Sales Were in Cash

Julia Zhu notes that in December, “all-cash purchases accounted for 42.1 percent of all U.S. residential sales, according to the latest report from RealtyTrac, a company that collects and analyzes housing data”: There are a few things driving this. Last summer, interest rates on mortgages jumped sharply. And though rates are still low by historic… Read more »

Americans Ready for Housing Prices to Rise

When the Federal Reserve began talking about scaling back its massive stimulus program this summer, the markets freaked out. But Americans? Not so much. The Fed has been buying billions of dollars in long-term bonds each month to push down long-term interest rates and boost the housing market. The hint that the Fed might start… Read more »

New Lending Rules Will Affect Home Sales Over $650K

It goes without saying that financing is the most important element of purchasing a home. Most people come into the marketplace as buyers when they realize the rent they are paying is equivalent to a mortgage payment in this low-interest rate environment. What is typically missing is the cash for the down payment. Some purchasers… Read more »

US Housing Market Shrugs Off Higher Interest Rates

We asked earlier this morning if higher interest rates are killing the housing recovery. The answer provided by the latest data out Tuesday morning? A resounding ‘No.’ The Commerce Department said Tuesday that the number of permits issued for new housing soared in September and October (the two months were released simultaneously due to the… Read more »

What Does Real Estate Really Cost in the USA?

Last issue’s column was dedicated to a discussion of the cyclical nature of real estate values and how those cycles come about and relate to the general economy. We are currently coming off a serious devaluation of real estate and are now in an expansion phase where inventory (supply) has diminished and buyer confidence (demand)… Read more »

The Best Places in the USA for Gay Couples

Now that Section 3 of DOMA (Defense of Marriage Act) has been struck down by the U.S. Supreme Court, the best states for LGBT couples to move to are those that recognize gay marriage and that are in alignment with the new federal ruling. Financial experts, like the out MSNBC money expert Suze Orman, have… Read more »

US Housing Market: Roaring?

Over at the Washington Post, they’re reporting that buying a home is now as hard as it was five years ago. That’s right: According to the National Association of Realtors, it’s almost as hard to afford a house as it was back when the financial crisis started to hit in 2008. But is that good… Read more »

Riding The Interest Rate Train

Real Estate shoppers and aficionados, travel with me this week on the interest rate train, as we examine historical mortgage interest rates and come to rest at our destination, today’s marketplace. It may seem more like a roller coaster ride than a pleasant sightseeing journey, but it should give you some perspective on a decision… Read more »

US Housing Inventory Hits a 13 Year Low

I figured I’d hit you with something a little more serious. Recently in Forbes it was talking about how the housing inventory hit a 13 year low and I got very excited for two reasons. housing-inventory-low #1: All that excess inventory we had during the down turn has been bought up so that signals strength… Read more »

USA: Existing Home Sales Spiked in July

Existing-home sales rose strongly in July, with the median price maintaining double-digit year-over-year increases, according to the National Association of Realtors(R). Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 6.5 percent to a seasonally adjusted annual rate of 5.39 million in July from a downwardly revised 5.06… Read more »

Homeownership in the US Versus Canada

In the mid-1990s I wrote an opinion column arguing against the tax deduction for mortgage interest. One of the arguments I made was that the percentage of homeowners was only one or two points higher in the United States than in Canada, which doesn’t have the deduction. The best information I have now is that… Read more »

When Housing Discrimination is Acceptable

During the past few weeks, there was a surplus amount of media attention focused on the subject of same-sex marriage. However, far less attention was given to a parallel issue: the question of housing discrimination against same-sex couples. Last month, the U.S. Department of Housing and Urban Development (HUD) quietly released a report that was… Read more »

NerdWallet Names the 10 Most Gay-Friendly Cities in the US

And the top three are Palm Springs, San Francisco and Seattle. NerdWallet reports: Happy Pride Month! To celebrate, NerdWallet crunched the numbers to put together a list of the most gay-friendly cities based on municipal laws, community and peer support, and safety and tolerance. The cities listed fulfill the following three requirements: Do the laws… Read more »

Will Higher Mortgage Rates Stifle the Housing Market?

Home prices have been soaring over the past year, the sharpest gains in seven years; construction activity is picking up nicely. Both trends have been driven in no small part by a steady drop in home mortgage interest rates, which have made homeownership too good a deal to pass up for millions of Americans. But… Read more »

Why Aren’t Americans Moving?

Here’s an odd economic mystery. Americans are moving around the country a lot less frequently than they used to. For example: In the early 1990s, 3 percent of Americans moved across state lines each year. Today, the rate is half that. Economists have offered all sorts of theories for the drop in mobility. Perhaps it’s… Read more »

Does Homeownership Kill Jobs?

A new study thinks so. WonkBlog reports: Back in the 1990s, British economist Andrew Oswald first showed that higher levels of homeownership were correlated with higher levels of unemployment across European countries and within the United States. Other possible variables — such as unionization rates — didn’t explain the variation in joblessness nearly as well…. Read more »

Today’s Real Estate Report: South Central USA

Today, in our ongoing series about local real estate markets, we’ll take a look at home sales and trends in the South Central USA. In Alabama, Alabama.com reports that Huntsville home sales dipped in January, while prices statewide increased slightly: Prices including distressed sales fell 2.1 percent in January 2013 compared to January 2012. From… Read more »

Housing Starts Are Down, But Don’t Panic

So says Ezra Klein over at Wonk Blog. Housing starts dropped 8.5% in January, but there are reasons for optimism, or at least neutralism. Wonk Blog reports: First, housing starts numbers are often volatile in the winter months. A major blizzard over a large part of the country can easily stop home construction in its… Read more »

How Can I Find a Gay Friendly City to Move To? HRC Has the Answer

If you’re considering moving to a more gay-friendly city, Gay Travel.com reports that the Human Rights Campaign may have the answer for you: What are the nation’s most gay-friendly cities? The Human Rights Campaign’s first Municipal Equality Index (MEI) rates the public policies and legal rights of LGBT citizens in 137 U.S. cities in 50… Read more »

The US Housing Market in Review: What to Watch for in 2013

The US housing market has experienced a dramatic impact over the past three years. Recent economic collapses have changed the market forever. For planners and developers, the reality is just now sinking in. From the buyer’s perspective, a home generally represents a family’s biggest expenditure, but for homeowners it also represents a significant source of… Read more »

When Will Housing Prices Rebound?

For those of you homeowners looking into selling a home, the first question to ask yourself is when will home prices bounce back? – If it ever truly can. Depending on whom you ask, some say it never will, but we don’t believe that to be the case. Everyone has their own opinions on when… Read more »

Hurricane Sandy’s Aftereffects Likely to Dampen Real Estate Market in Northeast

Existing-home sales, a market indicator followed by economists and analysts, probably will slow in the U.S. Northeast for the rest of 2012 as superstorm Sandy disrupts deals, the National Association of Realtors said. “Closings may be delayed, and a lot occur at the end of the month,” Walter Molony, a spokesman for the group, which… Read more »

US Pending Home Sales Up Modestly in September

Contracts to buy previously owned homes rose far less than expected in September, an industry group said on Thursday, but the data continued to point to an improving tone in the housing market. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in September, gained 0.3 percent to 99.5…. Read more »

US: New Home Sales at Two and a Half Year High

New single-family home sales surged in September to their highest level in nearly 2-1/2 years, further evidence the housing market recovery is gaining steam. The Commerce Department said on Wednesday sales increased 5.7 percent to a seasonally adjusted 389,000-unit annual rate – the highest level since April 2010, when sales were boosted by a tax… Read more »

Housing Starts Surging in the US

Groundbreaking on new homes surged in September to its fastest pace in more than four years, a sign the housing sector’s budding recovery is gaining traction and supporting the wider economic recovery. Housing starts increased 15 percent last month to a seasonally adjusted annual rate of 872,000 units, the Commerce Department said on Wednesday. That… Read more »

USA: Foreclosures Drop to Lowest Rate in Five Years

Foreclosure filings on U.S. homes in September fell to their lowest level in five years, but some states are still seeing their foreclosures rise, a report from RealtyTrac said on Thursday. The overall decrease put the combined number of reported default notices, scheduled auctions, and bank repossessions at 180,427 – the lowest total since July… Read more »

Least Affordable Housing Markets in the USA

Jed Kolko crunches the numbers to see how long the average worker would have to work in order to buy a home in different parts of the country: If you want more affordable housing, you might guess that moving to the suburbs is the answer. Not always! You’ll actually need to work longer – earning… Read more »

Looking Back on the Housing Bust

Binyamin Applebaum reviews the administration’s mortgage policies. Yglesias reflects: [T]he economic team wasn’t saying there was nothing they could do on housing. Nor were they saying that doing more on housing was a bad idea. They were saying that given finite financial resources they thought investing money in homeowner relief was a poor use of… Read more »

House Hunters International Features Gay Bi-National Couple

HGTV network’s “House Hunters International” will air an episode on Monday featuring former Washington, D.C. residents Ivan and Devin, a married gay bi-national couple forced to move to Colombia after Ivan’s work visa expired. “Ivan and Devin, built a life together in DC: they worked jobs they loved, shared their home with their beloved dog… Read more »

US: Home Prices Fell to Ten Year Low in January

Home prices fell in January for a fifth straight month in most major U.S. cities, as modest sales increases have yet to boost prices. The Standard & Poor’s/Case-Shiller home-price index released Tuesday showed that prices dropped in January from December in 16 of 19 cities tracked. The steepest declines were in San Francisco, Atlanta and… Read more »

US: January is Seventh Consecutive Month for Increased Real Estate Sales

According to the latest RE/MAX National Housing Report, for the seventh consecutive month, home sales in January inched higher, rising 3.4 percent above levels seen last January. This data is based on a weighted average of 53 metropolitan areas surveyed. After an unexpected jump in sales at the end of 2011, January sales returned to… Read more »

Homebuilder Confidence Reaches Highest Level Since 2007

Confidence among U.S. homebuilders climbed more than anticipated in February to the highest level since May 2007, pointing to an improving outlook for construction. The National Association of Home Builders/Wells Fargo index of builder confidence rose for a fifth straight month, to 29 in February from 25 in January, figures from the Washington-based group showed… Read more »

US: Almost 100 US Home Markets Showing Improvement

The National Association of Home Builders recently released its First American Improving Markets Index, showing that 36 states are now represented by at least one market and the list of improving housing markets increased to nearly 100. The index chooses markets that have shown improvement in housing permits, employment and house prices for at least… Read more »

Mortgage Rates Drop to New Low

Long-term mortgage rates fell to new lows this week, according to Freddie Mac ‘s weekly rate report. Thirty-year fixed-rate mortgages averaged 3.89 percent in the week ending Jan.12, dipping from 3.91 percent the previous week and hitting the lowest level since Freddie Mac began keeping track. Fifteen-year fixed-rate mortgages fell to a record low 3.16… Read more »

US: New Surge of Home Foreclosures Coming?

Despite a seasonal slowdown in overall foreclosure activity, and a process still bogged down and backed up by the “robo-signing” processing scandal, the U.S real estate market is about to be hit by another surge of bank repossessions, according to a new report from the online foreclosure sale site RealtyTrac. As banks resubmit millions of… Read more »

Home Sales Up Across the United States in August

Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the National Association of Realtors(R). Monthly gains were seen in all regions. Total existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 7.7 percent to a seasonally… Read more »

US Home Prices Up for Fourth Month in August

Home prices in July climbed for the fourth month in a row, but are still down from a year ago. According to the latest S&P/Case-Shiller home price index of 120 major cities, prices rose 0.9% in July compared with June, but they’re still 4.1% lower than 12 months ago. “We are far from a sustained… Read more »

US: Feared Real Estate Double Dip May Be Here

An index of home prices in the nation’s largest American cities plumbed new depths in March, pushing past a low set during the worst of the Great Recession. The ominous new drop for the Standard & Poor’s/Case-Shiller index of 20 cities, a key measure that is closely watched by economists, casts further doubt about the… Read more »

US: What’s Next for Home Prices?

The news today is that the value of your most valuable asset is in trouble again. A report from website Zillow, which lets you look up what your house is worth, says that home prices in the US fell 3% in the first quarter. Worse, Zillow says housing prices could fall as much as 9%… Read more »

US: Foreclosures Up in Most Major Cities

The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of U.S. metropolitan areas into dire financial straits. In Seattle, Houston and Chicago, cities that were relatively insulated from foreclosures early on in the housing bust, a growing number of homeowners are falling behind on mortgage… Read more »

US Sees Third Month of Commercial Real Estate Price Increases

U.S. commercial property prices rose 0.6 percent in November from the previous month, the third consecutive gain, as the economy showed signs of improvement, according to Moody’s Investors Service. The Moody’s/REAL Commercial Property Price Index climbed 2.8 percent from a year earlier, Moody’s said in a report today. It is up 6.4 percent from an… Read more »

US Fed Promotes Economic, Real Estate Market Recovery

Deflation fears are gradually receding. Last year’s Federal Reserve action to buy $600 billion worth of Treasury Bonds was an attempt to spur recovery and keep long-term interest rates low. It appears that board members are now mildly optimistic about 2011. According to the Federal Reserve, “The economic recovery is continuing, though at a rate… Read more »

Commercial Real Estate Market Improving in US

Ross Moore has changed his outlook for the better in these last few weeks of 2010. As national chief economist for commercial real estate services company Colliers International, Moore follows about 100 economic indicators that keep his finger on the pulse of the economy and the commercial real estate industry. And since the beginning of… Read more »

Is US Real Estate Market In For Double Dip?

Housing markets have taken a turn for the worse, with the widely followed S&P/Case-Shiller index declining more than analysts had forecast in October, lending credence to the housing bears who have predicted a double dip. The real-estate sector has been one of the sticking points in the Fed and the government’s attempts to revive the… Read more »

New Wave of Distressed Homes to Hit US Real Estate Market

A wave of distressed residential properties may flood an already saturated residential real estate market in the coming months, according to CoreLogic. According to a report from the financial and property information provider CoreLogic (NYSE: CLGX), there were 2.1 million units of distressed, but not-yet-listed residential properties nationwide as of August 2010. That’s an eight-month… Read more »