Monthly Archives: November 2012

Third Quarter Gross Domestic Product on the rise, fiscal cliff awaits!!

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.7 percent in the third quarter of 2012 (that is, from the … Continue reading

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National residential home sales up 17% in 10/12 versus 10/11

    Sales of new single-family houses in October 2012 were at a seasonally adjusted annual rate of 368,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is … Continue reading

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FYI on RTP rent rates and house prices

The peak of house prices in our market was 2008. The average sales price of a detached house during the first 11 months of this year is down +/-9% compared to the same period in 2008. The average monthly rent … Continue reading

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Summary of NAR rent forecast for 2013-USA Today

USA Today on housing

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Case Shiller Home Price Index Summary for September by USA Today

Home prices are up 3% year over year, according to a widely followed index index out Tuesday, adding to evidence of a strengthening housing recovery, . The Standard & Poor’s Case-Shiller index of 20 major cities rose 0.3% in September … Continue reading

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Consumer Confidence Index Rises in November

The Conference Board Consumer Confidence Index®, which had increased in October, posted a moderate increase in November. The Index now stands at 73.7 (1985=100), up from 73.1 in October. The Present Situation Index was virtually unchanged at 56.6 versus 56.7 … Continue reading

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Good news on the national economic front

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Personal income rose in 2011 in all of the nation’s 366 metropolitan statistical areas (MSAs) for the first time since 2007, according to estimates released today … Continue reading

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