San Diego County home prices up 6.2% – The San Diego Union

Southern California home prices continued to outpace the national average, and many major cities, said the SP/Case-Shiller Home Price Index released Tuesday.

Prices nationally, adjusted for seasonal variation, rose 5.2 percent in the 12 months ended in March, with the Pacific Northwest and West seeing the biggest gains.

San Diego County’s median home price increased 6.2 percent , lower than the 6.4 percent increase in February and 6.9 percent in January. Los Angeles and Orange counties were up 6.5 percent, down from 6.8 percent in February and 6.9 percent in January.

Portland had the biggest gains at 12.3 percent, followed by Seattle at 10.8 percent and Denver at 10 percent.

Economists said home prices continue to rise because of improved labor markets and employment rates, low mortgage rates and limited home supply.

Mark Goldman, finance and real

... read more at: http://www.sandiegouniontribune.com/news/2016/may/31/home-prices-case-shiller/

How can we keep Boston from turning into a truly unaffordable city?




If you live in or near Boston, you already know that housing is expensive. Rents and mortgages eat up a growing share of middle-class incomes. And among the poor, affordable housing is as rare as it is essential.

But if you’re wondering what the solution is, so is everyone else. Boston’s housing woes are far from unique. Housing costs in Greater Boston are very much in line with peer cities like Seattle, Washington, D.C., and Portland, Ore. — and far below what you find in a truly overheated market like California’s Bay Area.

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Has any city found the secret to balancing economic dynamism with affordability? Not really. But if Boston doesn’t make room for low- and middle-income

... read more at: https://www.bostonglobe.com/metro/2016/05/31/boston-housing-expensive-but-could-worse/fJw0ao3zBV21z5FbD9XC5J/story.html

Portland home prices, rents continue to rise


Home prices are rising faster than wages in Portland and a growing number of other parts of the county. (Portland Tribune file photo)
Home prices are rising faster than wages in Portland and a growing number of other parts of the county. (Portland Tribune file photo)

PORTLAND, Ore. (PORTLAND TRIBUNE) — The supply of homes for sale in Portland has declined 31.6 percent since last April, the largest drop of any major city in the country, according to a new report.

The resulting shortage has helped push Portland home prices up 15.1 percent in the past year, to an average of

... read more at: http://koin.com/2016/05/31/portland-home-prices-rents-continue-to-rise/

NYC ‘trophy’ apartment could list for $250 million

NEW YORK — Billionaires’ Row.

That’s what New York real estate experts have dubbed a lineup of a half-dozen new superluxury skyscrapers overlooking Central Park that are home to some of the world’s most expensive apartments.

A luxury 90-floor apartment skyscraper rises above all other buildings overlooking Central Park, while a crane sits atop ongoing construction for a new condominium skyscraper at 220 Central Park South on Thursday in New York. The Associated PressA luxury 90-floor apartment skyscraper rises above all other buildings overlooking Central Park, while a crane sits atop ongoing construction for a new condominium skyscraper at 220 Central Park South on Thursday in New York. The Associated Press


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One penthouse on the 89th and 90th floors of a skyscraper near Carnegie Hall that went for more than $100 million seems almost a bargain compared to

... read more at: http://www.pressherald.com/2016/05/29/nyc-trophy-apartment-could-list-for-250-million/

US homes values growing faster than expected, latest data shows

Image Home values in the United States are appreciating faster than experts expected, rising almost 5% over the past year, according to the latest index report.

The April real estate market report from Zillow also shows that there are 3.4% fewer homes for sale than there were 12 months ago and home values are currently appreciating at 4.9%, almost 3% faster than Zillow predicted a year ago.

The real estate report suggest that a smaller number of homes on the market will make it harder for first time buyers. The number of entry level homes for sale is down almost 8% over the past 12 months.

Stiff competition and high demand, in addition to low inventory, stronger wage growth and low mortgage rates, are driving up home prices across the country, especially for entry level homes, which is forcing many aspiring home

... read more at: http://www.propertywire.com/news/north-america/us-home-market-outlook-2016052711969.html

Rent out the Teenage Mutant Ninja Turtles’ underground lair

One of the coolest-ever fictional hangouts has been listed on Airbnb.

For just $14 a night, fans nostalgic for the 1990s can stay in ‘The Lair‘ inspired by TV series Teenage Mutant Ninja Turtles.

The apartment in Tribeca, New York, has been decorated exactly like the four crime-fighting turtles’ rad headquarters from the animated show.

The enormous apartment is underground in Tribeca, New York.The enormous apartment is underground in Tribeca, New York. Photo: Airbnb

Pizza delivery to the lair is free, which is convenient because guests would be too busy with activities to leave. 

“Hey dudes! Looking for a dojo where you can practise your ninjitsu skills? Our secret lair in Manhattan is THE place to order up a pie, shoot some hoops chill with your squad,” reads the Airbnb listing.

The flashy retro amenities include a glow-in-the-dark basketball court, a vintage games arcade and TV wall with

... read more at: http://www.domain.com.au/news/rent-out-the-teenage-mutant-ninja-turtles-underground-lair-20160525-gp3r1x/

Stanton’s latest downtown condo project clears hurdle

Coon Rapids developer Jim Stanton received approval this week from the Minneapolis Planning Commission for his biggest downtown condo project yet: The Legacy, a 374-unit building near the banks of the Mississippi River. Next stop for the project is a vote by the Minneapolis City Council.

The commission was asked to approve a request to rezone the land and to issue a conditional-use permit. The developer was also asking for permission to exceed height restrictions in the area, which currently limit buildings to six stories or 84 feet, according to a city staff report. The height of the proposed building is 17 stories or 190 feet in height.

Through his Coon Rapids-based Shamrock Development, Stanton first proposed the project in February after he bought a surface parking lot and the shuttered Cenveo Building, which is now being demolished.

The 4.27-acre site is at 121 12th Av. S., one block

... read more at: http://www.startribune.com/stanton-s-latest-downtown-condo-project-clears-hurdle/381031781/

Living with parents until mid 30s more common than ever

WASHINGTON – Many of America’s young adults appear to be in no hurry to move out of their old bedrooms.

For the first time on record, living with parents is now the most common arrangement for people ages 18 to 34, an analysis of census data by the Pew Research Center has found.

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And the proportion of older millennials — those ages 25 to 34 — who are living at home has reached its highest point (19 per cent) on record, Pew analysts said.

Nearly one-third of all American millennials live

... read more at: http://globalnews.ca/news/2718759/living-with-parents-until-mid-30s-more-common-than-ever/