Commentary House prices were up significantly in all California metropolitan areas throughout the past year. The National Association of REALTORS (NAR) recently published its quarterly data for all of the median home prices for all of America’s metropolitan areas. It shows that all the California metro areas on its list saw home prices increase between…
All California Metro House Prices Are Up
May 12, 2021
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UK Rural House Prices Surge Due to ‘Urban Flight’ During Pandemic: Study
The UK has witnessed over the past year a shift in housing demand away from cities and towards more rural or less densely populated areas of the country, a new study has revealed. House prices have boomed during the CCP (Chinese Communist Party) virus pandemic despite the most significant economic contraction in a generation, said…
US Economy Expected to Boom This Year
April 22, 2021
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Commentary The boom is upon us. That is the economic outlook of California State University–Fullerton (CSU Fullerton) business and economics professors Anil Puri and Mira Farka. CSU Fullerton held its 2021 Spring Economic Forecast April 21 via Zoom, with speakers including professors, and real estate professionals. The takeaway? The university expects the economy to grow…
NTD Business Full Broadcast (April 16)
The Commerce Department says U.S. homebuilding rebounded strongly in March. Homebuilding grew at the fastest pace in 15 years – blasting expectations. But there are also signs homebuilding could slow down. What’s the challenge? People travel more because the lockdowns are fading, but rental car companies have sold much of their inventory. Vacationers better book car…
Tight Orange County Housing Supply Could Lead to Higher Prices
April 13, 2021
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Commentary According to the widely-read Orange County Housing Report, the median home price in Orange County is “anticipated to continue to increase at a pace of about 1 percent per month through the end of the year.” Supporting the authors’ analysis, the Orange Country Housing Report points to the amount of inventory available for purchase…
Booming Prices Send Home Buyers Interstate
More property buyers are considering relocating as they struggle to put together a deposit amid surging home prices. Late last year, Sydney man Matthew Brophy finally found a way around the housing affordability problem. He and his wife decided to relocate, purchasing a house about 13kms from Brisbane’s CBD. Brophy, a school teacher in his…
Australian Home Prices Grow at Fastest Rate in 32 Years
The value of Australian homes has grown in March at its fastest rate in 32 years as buyers turn their attentions away from regional areas to the capital cities, according to property researcher CoreLogic. The latest data shows that national growth in home values reached 2.8 percent last month, the highest since October 1988 (3.2 percent)….
Existing Home Sales Drop Sharply; Prices Surge
WASHINGTON—Home sales fell more than expected in February as cold weather blanketed many parts of the country, and a rebound could be muted by rising mortgage rates as well as higher house prices amid tight supply. The National Association of Realtors said on Monday that existing home sales dropped 6.6 percent to a seasonally adjusted…
US Housing Construction Tumbled 10.3 Percent in February
WASHINGTON—U.S. homebuilding dropped to a six-month low in February as severe cold gripped many parts of the country, in a setback for a housing market that remains supported by extremely lean inventories amid strong demand for larger homes. Housing starts fell 10.3 percent to a seasonally adjusted annual rate of 1.421 million units last month,…
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Home Prices up 12 Percent Year-Over-Year
Commentary Home prices in the U.S. increased in value during the past year at the fastest pace since the end of the 2006 real estate bubble that led to the Great Recession. Standard & Poors (S&P) compiled an index of home prices using an analytic framework developed by economic sciences Nobel laureate Robert Shiller and…