02/02/2024 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   Case-Shiller Index falls 0.2 percent in November but up 5.1 percent year-on-year For the first time since January 2023, the U.S. National S&P CoreLogic Case-Shiller Index and 20-City Composite posted 0.2% month-over-month decreases in November, while the 10-City Composite posted a 0.1% decrease. Year-over-year the national index reported a 5.1% annual gain in November, up from a 4.7% rise in the previous month. https://www.spglobal.com/spdji/en/index-announcements/article/sp-corelogic-case-shiller-index-upward-trend-decelerates-in-november/   Buying in California and Hawaii can cost up to 60% or more of local per-capita incomes The most…

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U.S. Homebuilders See Significant Increase in Activity at the End of 2023

U.S. Homebuilders See Significant Increase in Activity at the End of 2023 PulteGroup Inc. saw a surge in home buying activity around the end of 2023 and projected a bumper 2024, but the homebuilder’s stock took a hit as fourth-quarter revenue… Read More MarketWatch https://www.msn.com/en-us/money/realestate/pulte-homes-sees-significant-increase-in-buyer-activity-at-end-of-2023/ar-BB1hu7Em

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Luxury Home Prices Hit All-Time High As Record Share of High-End Buyers Pay Cash

Luxury Home Prices Hit All-Time High As Record Share of High-End Buyers Pay Cash Prices of luxury homes rose at twice the pace of non-luxury homes at the end of 2023,   partly because elevated mortgage rates are irrelevant to many affluent buyers. Low inventory is… Read More Redfin https://www.redfin.com/news/luxury-housing-market-q4-2023/

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Newly Built Homes

Newly Built Homes The home features open-concept living on the first floor, combining the kitchen, living room and breakfast nook. The kitchen also boasts stainless steel appliances, quartz countertops and white… Read More Patch https://patch.com/rhode-island/narragansett/great-newly-built-home-hits-market-narragansett-less-800k

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Austin Homebuilder Using Unusual Method to Rapidly Build 900 Homes in Georgetown

Austin Homebuilder Using Unusual Method to Rapidly Build 900 Homes in Georgetown Aztec Group’s Brell Tarich and Jason Shapiro arranged $33.25 million in construction financing for the first phase of the single-family housing development. Aztec is a real estate investment and… Read More Statesman https://www.statesman.com/story/business/real-estate/2024/01/29/austin-homebuilder-constructing-building-900-homes-georgetown-texas-real-estate-market/72315723007/

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Rafferty Development in the Home Stretch at 401 N. Main Street in Santa Ana

Rafferty Development in the Home Stretch at 401 N. Main Street in Santa Ana The project at 401 N. Main Street, a joint venture with EFJ Capital, LLC, consists of two buildings that will feature a combined total of 218 rental apartments, 12,350 square feet of ground-floor… Read More LA Urbanize https://la.urbanize.city/post/rafferty-development-home-stretch-401-n-main-street-santa-ana

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Newly Constructed Houses in Dothan

Newly Constructed Houses in Dothan This lovely ALL Brick sides with Hardi Board gables in front with Brick. is a Cali with updates and called the Rhett Plan. The Rhett 4 bedrooms and 2 baths features. As you enter the open foyer… Read More Do Then Eagle https://dothaneagle.com/life-entertainment/local/home-gardening/newly-constructed-houses-you-can-buy-in-dothan/collection_0726ab2a-b7f7-5644-91a9-774367f70275.html#2

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Austin Homebuilder Using Unusual Method to Rapidly Build 900 Homes in Georgetown

Austin Homebuilder Using Unusual Method to Rapidly Build 900 Homes in Georgetown Aztec Group’s Brell Tarich and Jason Shapiro arranged $33.25 million in construction financing for the first phase of the single-family housing development. Aztec is a real estate investment and… Read More Statesman https://www.statesman.com/story/business/real-estate/2024/01/29/austin-homebuilder-constructing-building-900-homes-georgetown-texas-real-estate-market/72315723007/

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