Home prices climb faster in Phoenix than in other major US cities

(AP File Photo/Michael Conroy)

PHOENIX – Home prices increased more in Phoenix in the past year than in any other major U.S. metro area, according to data released Tuesday.

The S&P CoreLogic Case-Shiller 20-city home price index showed the average Phoenix home price for August at 9.9% higher than it was a year earlier.

Nationally, the index showed a 5.2% increase, stronger than economists had expected despite economic fallout from the coronavirus pandemic. The year-over-year increase was 4.1% in July.

The index tracks residential real estate value for 20 major cities each month. The August 2020 report excluded Detroit because of delays in data, but the other 19 cities all saw year-over-year price increases.

After Phoenix, Seattle (up 8.5%) and San Diego (7.6%) saw the largest gains.

Helped by rock-bottom mortgage rates, the U.S. housing market has been a source of strength as the U.S. economy climbs back from an

Read More

Stocks fall again as COVID-19 cases climb; US home prices rose sharply in August |

Stocks wobbly as virus cases increase

NEW YORK — Wall Street’s losses mounted for the second straight day Tuesday as momentum slows on worries about rising virus counts and Washington’s inability to deliver more aid to the economy.

The S&P 500 fell 0.3 percent after spending much of the day swinging between small gains and losses. Most of the stocks in the index fell, particularly banks, oil producers and other companies whose profits tend to track the strength of the economy. Those losses outweighed gains in technology stocks and companies that rely on consumer spending. Traders also welcomed news that AMD has agreed to buy fellow chipmaker Xilinx for $35 billion.

The market’s latest pullback, which follows the S&P 500’s worst day in a month, cuts further into what had been a solid rebound this month after heavy selling in September snapped a five-month winning streak. Just two weeks ago,

Read More

September existing home sales climb 9.4%, highest since ’06

CHARLOTTE, N.C. (AP) — Sales of existing homes climbed 9.4% in September, the National Association of Realtors said Thursday, the latest sign that the housing market remains red hot despite the coronavirus pandemic.



In this Friday, Sept. 25, 2020 photo, a "sale pending" sign is posted on.a home in Westfield, Ind. Sales of existing homes climbed 9.4% in September, the National Association of Realtors said Thursday, the latest sign that the housing market remains red hot despite the coronavirus pandemic. On a seasonally-adjusted rate, the selling pace of existing homes climbed to 6.54 million annualized units. That is the highest level for that metric since February 2006, at the peak of the previous housing bubble. (AP Photo/Michael Conroy)


© Provided by Associated Press
In this Friday, Sept. 25, 2020 photo, a “sale pending” sign is posted on.a home in Westfield, Ind. Sales of existing homes climbed 9.4% in September, the National Association of Realtors said Thursday, the latest sign that the housing market remains red hot despite the coronavirus pandemic. On a seasonally-adjusted rate, the selling pace of existing homes climbed to 6.54 million annualized units. That is the highest level for that metric since February 2006, at the peak of the previous housing bubble. (AP Photo/Michael Conroy)

On a seasonally-adjusted rate, the selling pace of existing homes climbed to 6.54 million annualized units. That is the highest level for that metric since February 2006,

Read More

Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes

Remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge.

SEATTLE, Oct. 2, 2020 /PRNewswire/ — (NASDAQ: RDFN) — Condo sale prices in the U.S. increased 5.4% year over year to a median of $266,000 in August, trailing growth in single-family home prices, which surged 11.9% to $343,000, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the largest price-growth gap between the two property types since 2014.


Redfin Logo (PRNewsfoto/Redfin)

About one in five condos (21.9%) sold for above the price at which it was listed, up slightly from 19.2% in August 2019. That compares with one of every three single-family homes (33.6%), up from 24.3% a year earlier and the highest share on record.

“Home prices have been growing across all

Read More

Bay Area Rents Climb Forward Of Apartment

Portland Oregon, also recognized by other names similar to “Rose Garden” and “Little Beirut” is a large city that occupies an important place in Multnomah County and has a population upwards of 500,000. It had been a very long time since I last noticed ‘The Apartment’ so I rented a DVD to observe a number of times before I wrote this assessment. We’re updating our tables in real time to offer you the freshest Toronto median apartment hire costs by bedroom depend.

Amongst them have been groundbreaking designs within the 860-880 Lake Shore Drive Apartments (1951), New Century Guild (1961), Marina City (1964) and Lake Level Tower (1968). If you’re residing in an apartment constructing, you will have to bear in mind two essential things.

If one thing have been to happen to your apartment – say part of the roof falls in on a wet day and your whole … Read More