Valuations

Case Shiller: Home prices rise at fastest pace since 2014

All top 20 U.S. cities see increases
Home prices increased in September at their fastest pace in more than three years, the latest Case-Shiller report shows. And one expert explained home prices are not close to letting up, saying, most economic indicators suggest that home prices can see further gains.
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[Charts] Home equity wealth hits new high in November

Next year to see another all-time high
As home prices rise across the U.S., so does home equity wealth. CoreLogic’s data shows home equity wealth hit an all-new high as it increased $6 trillion since the last recession. And it doesn’t stop there – CoreLogic forecasted 2018 will see yet another all-time high.
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Existing home sales hit highest pace since summer months

But drop annually for second consecutive month
Home sales increased in October, however they remained below last year’s levels for the second consecutive month. Experts explained the market continues to struggle with rising home prices and limited inventory, problems which will continue to plague the market into next year.
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CoesterVMS adds former Dell executive as chief financial officer

Jotheeiswary Vijayantheran joins appraisal management company
CoesterVMS, a national appraisal management company, announced this week that it added Jotheeiswary Vijayantheran as the company’s new chief financial officer. Vijayantheran joins CoesterVMS from Dell Australia, where she was financial controller.
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New home construction increases to meet rising demand

But increase could be temporary
Housing starts increased significantly in October, rising 13.7%, however experts are torn about the reason for the increase, and if it will continue. While some say it is a temporary change due to the recent hurricanes, others point out factors that show housing construction will continue to increase.
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Los Angeles now tops San Francisco as least affordable housing market

San Francisco falls to No. 2 after 19 consecutive quarters
For the first time in five years, San Francisco fell from its spot as No. 1 least affordable housing market in the U.S. It’s replacement, another Californian city, holds a median home price significantly lower than San Francisco’s $1.18 million, however its median incomes are unable to keep up with its growing prices.
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