U.S. housing prices have continued in their stratospheric rise but at a rate somewhat slower than the pattern from previous months, according to the leading source of metrics on the state of the housing market. On Tuesday, the S&P Dow Jones Indices released its latest data for the S&P CoreLogic Case-Shiller Indices, the leading metric…
Housing for Displaced Flood Victims High Priority as Military Wraps BC Assistance
VANCOUVER, Wash.—The mayor of a British Columbia community devastated by last month’s floods says finding winter housing for displaced residents is his top priority with recovery efforts underway. Princeton Mayor Spencer Coyne said about 300 people from the area are still on evacuation order and about one third of them will need accommodation. “We want…
The Real Crash in Real Estate: 2022 Housing Predictions
Commentary Yankees legend Yogi Berra once said: “It’s tough to make predictions, especially about the future.” Nonetheless, I provide my forecast for the housing market below. First, let’s explore how we arrived where we are today. Understand that three fundamental value drivers are: scarcity, utility, and demand. Let’s parse all three in order to draw our…
Ikea Offering Tiny Apartment in Tokyo for Less Than $1 per Month
Ikea is branching out into real estate and is now offering a tiny home in Japan for less than $1 per month as part of its Tiny Homes apartment rental service campaign. The Swedish retailing giant, best known for its compact and low-priced furniture, shared details of the new apartment in a release this week….
German Banks Vulnerable to Housing Bubble; Should Build Buffers: Bundesbank
November 25, 2021
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bankbubbleBundesbankBusiness & EconomyBusinesses in COVID-19Companieseconomic policieseconomyEuropeGermanyhousingWorld
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FRANKFURT—Germany’s banks are increasingly vulnerable to an overvalued property market and finance authorities should force lenders to build up capital buffers, the Bundesbank said on Thursday in a regular stability report. Germany cut the so-called countercyclical buffer for banks to zero at the start of the pandemic but economic growth is now robust and bank…
Orange County Housing in Short Supply Even While Allowed Financing Set to Increase
News Analysis The number of homes for sale in Orange County is “the lowest level since tracking began in 2004,” according to the most recent Orange County Housing Report. Furthermore, the federal regulator who determines the size of conforming mortgages in the county is likely to increase the size of mortgages that can be purchased…
Homebuilder Confidence Rises for Third Consecutive Month Even as Supply-Side Challenges Persist
Homebuilder confidence rose for the third consecutive month in November, beating forecasts despite the persistence of supply-side challenges like shortages of construction materials, lots, and labor. Sentiment among single-family homebuilders moved up by three points to a reading of 83 in November, according to the NAHB/Wells Fargo Housing Market Index (HMI), marking the third month in row…
Australian Indigenous Senator’s Family Make up Bulk of New COVID-19 Cases in Northern Territory
Senator Malarndirri McCarthy has confirmed that nine out of the 11 new positive COVID-19 cases in the Northern Territory (NT) are her direct family members. In an interview with ABC news on Wednesday morning, she said that it was a distressing time and that her family members currently in the Centre for National Resilience (CNR)…
Take Five: Counting the Housing Cost in China
Chinese developer Evergrande has dodged default for the third time in a month but it is unlikely China’s broader economy can avoid damage from the property sector malaise. Upcoming data might show just how bad it is. Whether December’s Bank of England meeting will be a “live” one may be determined by British data, especially…
LA County Has Some of the Country’s Hottest Real Estate Markets
November 9, 2021
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CaliforniaCrime and IncidentshousingLocal NewsLos Angelesreal estateRegional NewsRegional-Local NewsSouthern CaliforniaUS
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LOS ANGELES (CNS) – When it comes to the hottest real estate markets in the country, Los Angeles is at the top of the list. Los Angeles County features 21 ZIP codes in the national top 100 for most expensive ZIP codes according to a report from PropertyShark released Nov. 9. The report considered all…
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