Real Estate

Case-Shiller: Home prices set 30-month high in December

All 20 of largest U.S. cities saw seasonally adjusted price increases
Home prices rose to their 30-month high in December and at their fastest pace in over 2.5 years, according to the latest Case-Shiller results. The Indices’ chairman explains why rates are rising so rapidly and if the speed of increase is a reason for alarm.
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Ten-X predicts fall in February’s existing home sales

Limited inventory starts to take its toll
Existing home sales shot up in January, but don’t expect the following months to follow suite. At least, not according to Ten-X’s Nowcast prediction. And from the looks of January’s pending home sales, the report is on the right track. As one expert put it: you can’t buy a home that’s not for sale.
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Warren Buffett gives us all an update on his stake in affordable housing

Time for annual, public letter to Berkshire Hathaway shareholders
Every year billionaire investor Warren Buffett releases an annual letter to Berkshire Hathaway shareholders, unraveling the inner workings of his conglomerate’s performance. The 29-page document details the status of Clayton Homes, which specializes in manufactured homes, a key industry in fixing the affordability crisis.
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Pending home sales hit lowest level in a year

Struggle with insufficient supply levels
Pending home sales dropped in January to its lowest level in a year as the lack of housing supply fought against the increasing buyer demand. While demand for homes is at its highest point since the Great Recession, affordability may force buyers into less expensive locations or smaller homes.
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U.S. to continue investigating money laundering by foreign real estate buyers

Title companies required to reveal identities of high-end cash buyers
The federal government will continue investigating whether foreign buyers are using high-end U.S. real estate to launder money after an expanded investigation found that potentially illicit activity is behind as many as one in three cash purchases from foreign buyers in select markets.
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Independent voters growing more optimistic about economy

Republican and Democrat partisan gap grows wider than ever
The divide between Republicans and Democrats is growing wider as Republicans’ optimism hits new highs and Democrats’ pessimism hits new lows. Independents, however, are growing more optimistic about the future and present state of the economy.
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Rising Stars entry deadline extended!

Fine, twist our arms…
A favorite saying of ours is “deadlines spur action,” and in the case of our Rising Stars awards program, it’s proving true. Quite a few of you are waiting until the last minute to get your nominations in. We’ve heard from quite a few folks that are feeling the pressure of that impending deadline, and we feel you. We get it. And we’re not monsters around here. We’re here to help.
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New home sales are up, but pace disappoints

Housing inventory remains down
New home sales increased in December, but industry experts are not impressed. Given the unusually high temperatures throughout the winter and the high demand for housing, experts expected new home sales to come out with much stronger numbers.
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