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Global real estate consultant JLL is reporting this month the JLL Irish Property Index continued to perform steadily, with overall returns of +3.2% in the second quarter of 2016. This is the 19thconsecutive quarter of positive growth.
According to the NAHB/First American Leading Markets Index, markets in 146 of the approximately 340 metro U.S. areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the second quarter of 2016. This represents a year-over-year net gain of 66 markets.
Miami's trendy Wynwood neighborhood, which experienced a huge boom in property values over recent years, now faces a tremendous amount of fear and uncertainty as a result of the arrival of the mosquito-borne Zika virus says Barry Sharpe, who heads Miami-based Property Tax Appeal Group.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units. New home sales are up 9.3 percent in the second quarter of 2016 from the first quarter.
According to Daft.ie's latest Ireland House Price Report, home prices nationwide rose by an average of 6.3% in the year to June 2016.
In Cuba, 220 miles south of Miami, real estate is considered hotter than any other commodity on the world market today. But most Americans and foreigners so far are mostly shut out of this potentially lucrative product.
According to RICS' US Commercial Property Monitor for Q2, 2016, a slow U.S. economy seems to be taking a toll on occupier sentiment in many parts of the United States though demand still rose in the office and industrial segments.
Americans are buying new homes at the highest rate in eight-and-a-half years. And sales of existing homes reached the highest monthly level since 2007. Bobbi Rebell reports.
European Commission President Jean-Claude Juncker is asked about incoming British Prime Minister Theresa May, called a "bloody difficult woman" by a member of her own party.
The S&P 500 broke the record high as upbeat economic data and low bond yields funneled investors into U.S. stocks. Fred Katayama reports.
HOUSING MARKET CONTINUES GRADUAL CLIMB BACK TO NORMAL IN USA
According to the NAHB/First American Leading Markets Index, markets in 146 of the approximately 340 metro U.S. areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the second quarter of 2016. This represents a year-over-year net gain of 66 markets.
ZIKA VIRUS MAY AFFECT PROPERTY VALUES IN PARTS OF MIAMI
Miami's trendy Wynwood neighborhood, which experienced a huge boom in property values over recent years, now faces a tremendous amount of fear and uncertainty as a result of the arrival of the mosquito-borne Zika virus says Barry Sharpe, who heads Miami-based Property Tax Appeal Group.
NEW HOME SALES IN U.S. REACH HIGHEST LEVELS SINCE 2008 MARKET CRASH
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units. New home sales are up 9.3 percent in the second quarter of 2016 from the first quarter.
