Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record 45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019… Read More Redfin https://www.redfin.com/blog/buying-house-sight-unseen-increases/
U.S. Median Home Asking Price Hits All-Time High The Northeast, where COVID-19 is more under control, outperformed the rest of the country… Read More Mansion Global https://www.mansionglobal.com/articles/u-s-median-home-asking-price-hits-all-time-high-217956
MetroIntelligence Economic Update by P. DUFFY 2Q20 GDP fell by 32.9 percent in advance estimate Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. https://www.bea.gov/news/2020/gross-domestic-product-2nd-quarter-2020-advance-estimate-and-annual-update Initial unemployment claims…
Creating a sense of place through architecture and design Interior designer Celeste Randolph talks about creating complementary design decisions that enhance original buildings while also modernizing the space… Read More Los Altos Town Crier https://www.losaltosonline.com/special-sections2/sections/your-home/62932-creating-a-sense-of-place-through-architecture-and-design
Philly chooses developers for big Navy Yard expansion that includes housing Mosaic Development Partners and Ensemble Real Estate Investments will work together to create a major development push at the South Philadelphia Yard, which will include an apartment building and hotel… Read More The Philadelphia Inquirer https://www.inquirer.com/real-estate/commercial/navy-yard-redevelopment-ensemble-mosaic-south-philadelphia-apartments-pidc-mustin-historic-downtown-20200729.html
Pilot Program Launches to Support Sustainability and Affordable Housing Mayor Michel Hancock of Denver announced that they would be launching a pilot program to help create affordable housing projects… Read More Mile High Cre https://milehighcre.com/pilot-program-launches-to-support-sustainability-and-affordable-housing/
SAHA breaks ground on new affordable housing near Alamo Ranch Lynd Company will help handle construction alongside San Antonio Housing Authority for the building of more affordable housing in Alamo Ranch… Read More KSAT.com https://www.ksat.com/news/local/2020/07/29/saha-breaks-ground-on-new-affordable-housing-near-alamo-ranch/
MetroIntelligence Economic Update by P. DUFFY Pending home sales rose another 16.6 percent in June, up 6.3 percent year-on-year The Pending Home Sales Index rose 16.6% to 116.1 in June. Year-over-year, contract signings rose 6.3%. In light of the apparent housing market turnaround, NAR has raised its forecast for the market. For all of 2020, existing-home sales are expected to…
All about designing the healthy home A recent home design panel established that healthy design is about cleanliness, order, durability, sustainability and healing… Read More Designers Today https://www.designerstoday.com/design-trends/all-about-designing-the-healthy-home/
A 71-unit affordable housing in Lake Forest clears first hurdle A developer could soon build a 71-unit affordable housing apartment off El Toro Road and Raymond Way near the 5 Freeway in Lake Forest… Read More OC Register A 71-unit affordable housing in Lake Forest clears first hurdle
MetroIntelligence Economic Update by P. DUFFY …
Building permits rose 5.2 percent in September…