When US housing prices will finally stop increasing

  • September was another strong month for home prices in the US. 
  • Home prices nationwide saw a 6.7% year-over-year increase in September, according to a CoreLogic report.
  • However, accelerated growth will soon slow down, CoreLogic’s chief economist, Dr. Frank Nothaft, told Business Insider, projecting home prices in September 2021 will see a year-over-year increase of just .2%.
  • Visit Business Insider’s homepage for more stories.

September was another strong month for the US housing market. 

Home prices nationwide increased 6.7% year-over-year, per a new report by CoreLogic, the fastest annual acceleration the data company has reported since May 2014.

The catalysts of this sharp growth include rising demand due to low mortgage rates coupled with a shortage of inventory, said CoreLogic’s chief economist, Dr. Frank Nothaft. 

A reason for the low mortgage rates is the economic uncertainty brought on by the coronavirus pandemic, Zillow’s Matthew Speakman explained to MarketWatch in June. This

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Plans for condo tower on James Hook & Co. site finally move forward

The “other” tower planned for Boston’s downtown waterfront is finally moving forward.



a large body of water with a city in the background: Another tower may be coming to Boston's waterfront.


© David L. Ryan/Globe Staff
Another tower may be coming to Boston’s waterfront.

A developer Friday filed initial plans with the city to build a 22-story hotel on the site of James Hook & Co. on Atlantic Avenue alongside the Northern Avenue Bridge. The 305-foot tower would house a new Hook seafood store on its ground floor, a rooftop restaurant, and about 400 rooms in between.

The project — a partnership between the Hook family and development firm SKW Partners — was first announced six years ago, but zoning for it was tied up in the larger debate over developer Don Chiofaro’s planned skyscraper up Atlantic Avenue at the Boston Harbor Garage, as well as with waterfront planning in general. Once that zoning won city and state approval, SKW was free to move forward, and, in a

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Plans for condo tower on Hook Lobster site finally move forward

The “other” tower planned for Boston’s downtown waterfront is finally moving forward.

A developer Friday filed initial plans with the city to build a 22-story hotel on the site of Hook Lobster, on Atlantic Avenue alongside the Northern Avenue Bridge. The 305-foot tower would house a new Hook store on its ground floor, a rooftop restaurant, and about 400 rooms in between.

The project — a partnership between the Hook family and development firm SKW Partners — was first announced six years ago, but zoning for it was tied up in the larger debate over developer Don Chiofaro’s planned skyscraper up Atlantic Avenue at the Boston Harbor Garage, as well as with waterfront planning in general. Once that zoning won city and state approval, SKW was free to move forward, and, in a letter Friday from attorney Don Wiest, the company said it will “fill in a key missing segment

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Repeated price cuts for Vancouver condo finally flush out a buyer

1233 Cordova St., No. 1204, Vancouver

Asking price: $2.298 million

Selling price: $2.165 million

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Previous selling price: $1,240,000 (2009); $425,000 (2003)

Days on market: 150

Taxes: $6,252.33 (2020)

Monthly maintenance fee: $719.23

Buyer’s agent: Nicolas Blachette, Re/Max Crest Realty

The action

The building stands over Harbour Green Park in Coal Harbour.

Re/Max Crest Realty

The unit was relisted several times and went through a few price drops. A year ago it was listed at $2.4-million. The seller had moved out after living in the condo for a few years.

Nicolas Blachette’s buyers had been looking for a waterfront home in the neighbourhood near Stanley Park and inventory was limited. They plan on renovating and living in the unit. The deal completed at the end of August.

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What they got

The balcony offers splended vistas of the North Shore.

Re/Max Crest Realty

This

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LG’s rollable TV finally goes on sale for $87,000

LG has announced that its world-first rollable TV is finally going on sale, albeit in limited fashion. The 65-inch LG Signature OLED R is now available at seven consumer electronics store throughout South Korea and will cost 100 million won, or more than $87,000.

The Signature OLED R is built around a flexible OLED panel that LG describes with characteristic restraint as “the most innovative development in television technology in decades.” Because of its flexible nature, it can retract partially or fully into its base, adapting to different aspect ratios or hiding the panel completely when not in use.

“LG’s exquisite creation liberates users from the limitations of the wall, enabling owners to curate their living environment without having to permanently set aside space for a large, black screen that is only useful when turned on,” the company says in a statement. Buyers will be able to choose between four

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