Governor Hochul Announces Completion of $13 Million Affordable Housing Development in Rochester’s El Camino Neighborhood

Governor Hochul Announces Completion of $13 Million Affordable Housing Development in Rochester’s El Camino Neighborhood Completion of Two-Phase Pueblo Nuevo Development Creates 104 Affordable, Energy-Efficient Homes, 10,000 Square-Foot Community Center, On-Site Services Read More Governor Kathy Hochul https://www.governor.ny.gov/news/governor-hochul-announces-completion-13-million-affordable-housing-development-rochesters-el

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Neal Communities Unveils Another Neighborhood in Wellen Park

Neal Communities Unveils Another Neighborhood in Wellen Park Neal Communities held a virtual grand opening June 23 for Wysteria, a neighborhood of 153 single-family and paired villa homes with a private amenity center, in Wellen Park’s Playmore District. Read More Herald-Tribune https://www.heraldtribune.com/story/business/2022/06/30/neal-communities-opens-wysteria-wellen-park/7739660001/

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New South Minneapolis Apartment Building Will Showcase Green Technology

New South Minneapolis Apartment Building Will Showcase Green Technology The 12-unit apartment building will showcase green building techniques such as using all electric energy and sustainable-living elements such as gardens and fruit trees. Read More Sahan Journal https://sahanjournal.com/climate/new-sustainable-minneapolis-apartment-complex-green-building-techniques/

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U.S. Pending Home Sales Remain Flat in May

U.S. Pending Home Sales Remain Flat in May U.S. pending home sales crept higher in May 2022, ending a six-month streak of declines. Read More World Property Journal https://www.worldpropertyjournal.com/real-estate-news/united-states/washington-dc-real-estate-news/real-estate-news-may-2022-pending-home-sales-index-national-association-of-realtors-phsi-data-for-2022-inflation-impact-on-home-sales-in-2022-13182.php

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Home Prices Expected to Drop in Some Cities

Home Prices Expected to Drop in Some Cities Nearly every metro-area housing market in America is overvalued, meaning housing costs more than many people can reasonably afford. Read More WGXA https://wgxa.tv/news/nation-world/report-home-prices-expected-to-drop-in-some-cities-metro-area-housing-markets-overvalued-housing-costs-more-than-people-can-afford-inflation-home-buying-market-economic-downturn-recession

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6/30/2022 — MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Case-Shiller Index up another 2.1 percent in June and 20.6 percent year-on-year The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 20.6% annual gain in March, up from 20.0% in the previous month. After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 2.1%. https://www.spglobal.com/spdji/en/index-announcements/article/sp-corelogic-case-shiller-index-reports-annual-home-price-gain-of-206-in-march/   June consumer confidence index falls again to lowest level since February 2021 Consumer confidence fell for a second consecutive month in June. The Index fell to 98.7 (1985=100)—down 4.5 points from 103.2 in…

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