variation in how they tax capital gains, housing speculation is more intensive in states. home purchases in 2004-2006 led to a housing price increase of 26.5%. cycles in 21 cities, including Las Vegas, Miami, and Phoenix. economy through local demand, as suggested by Mian, Rao, and Sufi (2013) and Mian and Sufi.
Change in Case-Shiller Las Vegas, NV Home Price Index is at 7.12%, compared to 8.24% last month and 12.64% last year. This is higher than the long term average of 4.24%.
Home prices rose just 1.8% in San Francisco and 0.8% in San Diego. The largest gains were in Las Vegas, with a 7.1% increase, followed by Phoenix with 6%, and Tampa with 5.6%.
Las Vegas’ home price gains among tops in US. And home builders aren’t yet putting up enough new homes to reduce the supply crunch. Besides Las Vegas, Seattle and San Diego reported the highest year-over-year gains. Home prices jumped 12.9 percent in Seattle, 9 percent in Las Vegas and 8.2 percent in San Diego.
Bond Insurer MBIA said to experience huge data leak · Rate Watch: Increases aren’t just about inflation & Fed hikes. In recent years, the biggest bond buyers have been the Federal Reserve, foreigners and mutual funds, but that may be changing. As the Fed pares its balance sheet, it will buy fewer and fewer.
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July Case-Shiller Forecast: Slowdown Coming in Home Prices By Svenja Gudell on Aug. 29, 2017 Following months of record highs in the Case-Shiller U.S. National Index for home prices, July is expected to bring a slowdown – to 5.6 percent from June’s 5.8 percent year-over-year, non-seasonally adjusted gain.
Fed needs to go back to the drawing board In any case, it looks like Ully needs to go back to the drawing board, In recent apparatus, to enable it to be used on board ship, a hydrogeneous spirit is used which is fed drop by drop into the chamber in which the arc is worked.
Any country or group that consumes more than it produces gains from the $1 trillion transfer–importers, most of all. China is the world’s second-largest net importer of oil. Based on 2013 figures,
Home price gains in Seattle, Las Vegas lead US increases. But the sales growth hasn’t compelled more people to list their homes for sale, as the number of properties on the market has tumbled nearly 10 percent in the past 12 months. Mortgage giant Freddie Mac said last week that the rate on 30-year fixed-rate mortgages averaged 3.94 percent, down from 4.30 percent a year ago.
PropertyRadar: California real estate market stuck in low gear California’s housing market remains stuck in a standstill, with August’s sales numbers showing a weakening market. According to PropertyRadar’s august real property report, California single.FHFA gets heat over planned apartment lending pullback Freddie could take more than a decade to unload REO inventory Initial jobless claims rise by 12K to 293K The unemployment rate fell another tenth to just 3.8% as the household survey showed a job gain of 293k at the same time the size of the labor market rose just 12k. The U6 unemployment rate is now down to 7.6% which is the lowest since May 2001. rising wages were evident as average hourly earnings rose .3% m/o/m and 2.7% y/o/y.