Year: 2022

Housing Market Rebalance Could Mean Bargains for Buyers The Federal Reserve’s interest rate hikes and higher mortgage rates have precipitated a housing market rebalancing… Read More Fox Business https://www.foxbusiness.com/personal-finance/housing-market-rebalance-homebuyer-bargains

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MetroIntelligence Economic Update by P. DUFFY September existing home sales slip 1.5 percent, down 23.8 percent year-on-year Existing-home sales sagged for the eighth consecutive month in September to a seasonally adjusted annual rate of 4.71 million. Sales slipped 1.5% from August and 23.8% from the previous year. The median existing-home sales price increased to $384,800, up 8.4% from one year ago. The inventory of unsold existing homes declined for the second straight month to 1.25 million by the end of September, or the equivalent of 3.2 months’ supply at the…

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Gurwin Hosts Grand Opening for Completed Fountaingate Gardens Independent Living Community The $115 million, 129-luxury apartment Life Plan Community is a unique concept in senior living, the newest such community on Long Island, and the final piece in Gurwin’s full continuum of care… Read More Real Estate Weekly https://rew-online.com/gurwin-hosts-grand-opening-celebration-for-completed-fountaingate-gardens-independent-living-community%EF%BF%BC/

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Toll Brothers Announces Opening of South Lakes Community in Wake County, North Carolina Only 22 stunning waterfront home sites and designer-appointed, move-in ready homes are available in this amenity-rich community. Read More GlobeNewswire https://www.globenewswire.com/news-release/2022/10/20/2538673/0/en/Toll-Brothers-Announces-Opening-of-South-Lakes-Community-in-Wake-County-North-Carolina.html

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‘America’s First Solar Powered Town’ Passes Hurricane Ian Test A new town, which its developers call “America’s first solar-powered town,” sits less than 30 miles away from where the Category 4 storm made landfall and never lost power. Read More Fox Weather https://www.foxweather.com/extreme-weather/americas-first-solar-powered-town-did-not-lose-power-ian-hurricane

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Best Office/Retail/Mixed-Use: 415 Natoma With wellness and sustainability in mind, 415 Natoma achieved triple certification – LEED Gold, WELL Health and Safety and Fitwell Community. Read More ENR California https://www.enr.com/articles/54976-best-office-retail-mixed-use-415-natoma

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Overall Building Material Prices Down in September In tandem with a slowing housing market and economy, the prices of building materials decreased 0.3% in September Read More NAHB https://www.nahb.org/blog/2022/10/building-materials-down-in-september

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MetroIntelligence Economic Update by P. DUFFY   September 2022 retail sales flat from August but up 8.2 percent year-on-year September retail sales were flat from August but rose 8.2 percent year-on-year.  However, since the September CPI also rose 8.2 percent year-on-year and 0.4 percent from August, consumers are struggling as wage gains aren’t keeping up with rising prices.  Total sales for the July 2022 through September 2022 period were up 9.2 percent from the same period a year ago. https://www.census.gov/retail/marts/www/marts_current.pdf   Consumer sentiment up 2.2 percent from September but down…

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Petite Packages In some ways, small and compact kitchens are even more challenging to master, considering everything that has to be packed into them. Read More Kitchen and Bath Design News https://www.kitchenbathdesign.com/petite-packages/

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Important Partners: Textures and Sound The way in which sound will function, within a confined space, is subtlety informed (in large part) by the textures you and your interior design team select for all aspects of the space in question. Read More Lake County Record-Bee https://www.record-bee.com/2022/10/15/challenges-important-partners-textures-and-sound/

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