July 2013 U.S. Economic Fundamentals
- Thread starter Ally
- Start date
- Joined
- Mar 24, 2009
- Messages
- 16,743
Homes sell in California before they're on the market
Ryan Mathys spent weeks prospecting.
He drove up and down the little avenue in Solana Beach, Calif., taking notes and knocking on doors. He scoured public records. He blanketed the seaside neighborhood in northern San Diego County with inquiries.
Read the full article here.
Ryan Mathys spent weeks prospecting.
He drove up and down the little avenue in Solana Beach, Calif., taking notes and knocking on doors. He scoured public records. He blanketed the seaside neighborhood in northern San Diego County with inquiries.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Canucks in Florida, go home
U.S. families may have a few choice words for Canadians hoping to buy a property down south. That`s because many Americans feel they`re being shut out of the recovering housing market`forced to wait, watch and rent the homes they`d like to purchase, as Canadians, Chinese and institutional investors, among others, outbid them and snap up single-family homes.
Over the last couple of years, U.S. real estate has started to make a slow comeback, with homes appreciating 20% to 40% since the 60% drop in value during the 2008 housing crash. This makes real estate very affordable for Canadians, if not for American families.
Read the full article here.
U.S. families may have a few choice words for Canadians hoping to buy a property down south. That`s because many Americans feel they`re being shut out of the recovering housing market`forced to wait, watch and rent the homes they`d like to purchase, as Canadians, Chinese and institutional investors, among others, outbid them and snap up single-family homes.
Over the last couple of years, U.S. real estate has started to make a slow comeback, with homes appreciating 20% to 40% since the 60% drop in value during the 2008 housing crash. This makes real estate very affordable for Canadians, if not for American families.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Owning a home isn't always a virtue
ENCOURAGING homeownership has been considered a national goal at least since `Own Your Own Home Day` was introduced in 1920 by various business and civic groups as part of a National Thrift Week. The newly popular word `homeownership` represented a goal and a virtue for every good citizen ` to get out of the tenements and into one`s own home. Homeownership was thought to encourage planning, discipline, permanency and community spirit.
Read the full article here.
ENCOURAGING homeownership has been considered a national goal at least since `Own Your Own Home Day` was introduced in 1920 by various business and civic groups as part of a National Thrift Week. The newly popular word `homeownership` represented a goal and a virtue for every good citizen ` to get out of the tenements and into one`s own home. Homeownership was thought to encourage planning, discipline, permanency and community spirit.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Canada to see employment fall, says OECD
PARIS ` Unemployment rates in Canada and the United States will fall significantly by the end of next year but the overall rate among some of the world's advanced economies will remain high, the OECD forecasts in a report issued Tuesday. For the 34-country Organization for Economic Co-operation and Devepment, overall unemployment is projected to fall slightly next year to 7.8 per cent from eight per cent. In Canada, which weathered the latest recession better than many other advanced countries, the unemployment rate was 7.1 per cent in the first quarter of this year and is projected to fall to 6.7 per cent by the end of 2014.
Read the full article here.
PARIS ` Unemployment rates in Canada and the United States will fall significantly by the end of next year but the overall rate among some of the world's advanced economies will remain high, the OECD forecasts in a report issued Tuesday. For the 34-country Organization for Economic Co-operation and Devepment, overall unemployment is projected to fall slightly next year to 7.8 per cent from eight per cent. In Canada, which weathered the latest recession better than many other advanced countries, the unemployment rate was 7.1 per cent in the first quarter of this year and is projected to fall to 6.7 per cent by the end of 2014.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Signs of life in U.S. real estate
Housing cycles have historically lasted multiple years, says David Hollond, CIO of U.S. growth equity mid- to small-cap at American Century Investments. He manages the Renaissance U.S. Equity Growth Fund.
He adds, `We`re still [in] mid-recovery and [that] cycle is very much intact. Normalized housing starts are in the 1.5-million-unit range, and currently we`re at a level of around 1 million housing starts. Just to get back to a normal level, we`ve got 50% upside.`
Read the full article here.
Housing cycles have historically lasted multiple years, says David Hollond, CIO of U.S. growth equity mid- to small-cap at American Century Investments. He manages the Renaissance U.S. Equity Growth Fund.
He adds, `We`re still [in] mid-recovery and [that] cycle is very much intact. Normalized housing starts are in the 1.5-million-unit range, and currently we`re at a level of around 1 million housing starts. Just to get back to a normal level, we`ve got 50% upside.`
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
- Joined
- Mar 24, 2009
- Messages
- 16,743
U.S. housing starts post unexpected drop
The residential real-estate rebound suffered a setback in June as housing starts unexpectedly fell to the lowest level in almost a year, curbing how much construction contributed to U.S. economic growth last quarter.
Work began on 836,000 houses at an annualized rate, the least since August and down 9.9% from a revised 928,000 pace in May, figures from the Commerce Department showed Wednesday in Washington. The drop was led by a 26.2% plunge in multifamily projects, which are more volatile than work on single-family homes.
Read the full article here.
The residential real-estate rebound suffered a setback in June as housing starts unexpectedly fell to the lowest level in almost a year, curbing how much construction contributed to U.S. economic growth last quarter.
Work began on 836,000 houses at an annualized rate, the least since August and down 9.9% from a revised 928,000 pace in May, figures from the Commerce Department showed Wednesday in Washington. The drop was led by a 26.2% plunge in multifamily projects, which are more volatile than work on single-family homes.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Rising prices, falling loonie take the shine off sunbelt properties
OTTAWA ` With the loonie losing value against the American dollar, U.S. home prices climbing and the potential for higher mortgage rates, Canadian snowbirds may have missed the best time to buy a winter getaway property.
But that doesn't mean the window has closed completely, industry experts say.
Read the full article here.
OTTAWA ` With the loonie losing value against the American dollar, U.S. home prices climbing and the potential for higher mortgage rates, Canadian snowbirds may have missed the best time to buy a winter getaway property.
But that doesn't mean the window has closed completely, industry experts say.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Detroit declares bankruptcy
Michigan Avenue`s LJ`s Lounge has survived its share of setbacks over the years in Detroit. The latest `is like a kick in the gut,` manager Sue Wallace said.
`There`s going to be a lot of people suffering` from the city`s race into bankruptcy court yesterday, Wallace said in an interview. `I pray like hell we`re not one of `em.`
Read the full article here.
Michigan Avenue`s LJ`s Lounge has survived its share of setbacks over the years in Detroit. The latest `is like a kick in the gut,` manager Sue Wallace said.
`There`s going to be a lot of people suffering` from the city`s race into bankruptcy court yesterday, Wallace said in an interview. `I pray like hell we`re not one of `em.`
Read the full article here.