Home Builder sentiment rose one point in July according to the National Association of Home Builders Housing Market Index. 2019 builder confidence in housing market condition continued to fall short of 2018 levels. July's Housing Market Index reading of 65 was one point higher than June's reading. Component readings also rose one point each. Builder confidence in current housing market conditions rose to 72; the reading for builder confidence in market conditions for the next six months rose to … [Read more...]
New York Penthouse Sells For $238 Million – Is This A Real Estate Bubble About To Burst?
The most expensive home sold in America, so far, was a New York penthouse that sold for $238 million in January 2019. It is on the top of a building that overlooks Central Park. The 26-story luxury condo building designed by Robert A. M Stern is nearly all sold out. Who Has That Kind Of Money? The proud buyer of the penthouse is Ken Griffin. His net worth is estimated to be $9.6 billion. He is the founder of the Citadel hedge fund. Griffin is 50 years old. A few days before buying the NYC … [Read more...]
Case-Shiller: Annual Home Price Growth Slows for 13th Consecutive Month
Case-Shiller's 20-City Home Price Index for April showed further declines in home price growth with 2.50 percent year-over-year home price growth as compared to March home price growth of 2.60 percent. New York City home prices held steady month-to-month and Seattle, Washington's home prices were unchanged year-over-year after posting 13 percent home price growth in 2018. The top three cities with the highest rates of year-over-year home price growth were Las Vegas, Nevada with 7.10 percent … [Read more...]
