The GDP — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 4.1% in the third quarter of 2013, according to the Bureau of Economic Analysis.
Zillow’s November Real Estate Market Reports, released today, show that national home values rose 0.6% from October to November to $168,900 (Figure 1). On a year-over-year basis, home values were up 7.1% (Figure 2) from November 2012. The last time national home values were at this level was in November 2004. Rents were up 2% on a year-over-year basis (Figure 3), as they continue their steady upward climb. The Zillow Home Value Forecast calls for 4.6% appreciation nationally from November 2013 to November 2014 – a marked slowdown from the more than 7% appreciation seen in the past year.
Of course, you’ve read about the dust-up in Boise at the CMLS conference, where Craig Cheatham, CEO of The Realty Alliance (TRA), alerted MLS executives that the big brokers in TRA are fed up with their MLSs and are working on a project to shake up the industry and presumably the MLSs. I’ll leave speculation about what TRA is planning to others. I’m interested in talking about the likely genesis of the list of complaints to which Craig alluded at CMLS
Gains were calculated by measuring the difference between cumulative home values as of the end of 2012 and anticipated cumulative home values at the end of 2013. The overall value of all homes in the U.S. at the end of 2013 is expected to be approximately $25.7 trillion, up 7.9 percent from the end of 2012. Last year, cumulative home values rose 3.9 percent from 2011.
The Nordic Society for Invention claims to have developed a working prototype of a device called No More Woof that reads a dog's brain signals and converts them into English phrases that match the dog's emotional state.
The retailer said accounts of customers who made purchases using their cards at its U.S. stores between Nov. 27 and Dec. 15 may have been exposed. The stolen data includes customer names, credit and debit card numbers, card expiration dates and the three-digit security codes located on the backs of cards.
Unless you live in a doorman building or your house is located in a theft-free neighborhood, the downside of online shopping--especially during the holidays--is the fear that your packages might get swiped. For most of us, the new DoorBot is the doorman-slash-security-camera we've always wanted.
In a world where .com is considered king, KPMG is looking to break free. The professional services firm, a global network of independent member firms, is looking to replace its kpmg.com website with a fresher and slicker .kpmg generic top-level domain (gTLD).
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 4.3 percent to a seasonally adjusted annual rate of 4.90 million in November from 5.12 million in October, and are 1.2 percent below the 4.96 million-unit pace in November 2012. This is the first time in 29 months that sales were below year-ago levels.
When real estate broker Marna Pennell meets prospective clients, she tells them she’ll personally show their houses to buyers and will help make their property as appealing as possible with free home staging.
Purchasers of $200 million in convertible notes that Trulia Inc. offered in a private placement to institutional buyers have exercised “over-allotment” options to buy another $30 million in notes on the same terms, and a total of $230 million in notes bearing 2.75 percent interest and maturing in 2020 were issued Tuesday, the company said.