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Here’s a city-by-city look at home prices, after the S&P/Case-Shiller 20-city composite showed no change in January and a yearly gain of 4.6%. The cities picked are designed to represent the nine U.S. Census divisions and ignore some major markets, including Houston and Philadelphia. City Monthly gain (%) Yearly gain (%) Atlanta -0.2 4.9 Boston 0.4 4.7 Charlotte 0.7 4.3 Chicago -0.2 2.5 Cleveland -0.1 1.6 Dallas 0.4 8.1 Denver 0.2 8.4 Detroit -0.3 2.9 Las Vegas 0.2 5.9 Los Angeles -0.2 5.7 Miami 0.7 8.3 Minneapolis -0.3 2.2 New York 0.2 2.1 Phoenix 0 2.6 Portland 0.1 7.2 San Diego 0.7 5.1 San Francisco -0.9 7.9 Seattle -0.5 6.8 Tampa -0.3 5.7 Washington -0.5 1.3 • Denver and Miami have the highest year-over-year gains, while Washington D.C. has the smallest rate of growth. • Some markets that had recovered more quickly are showing noticeable signs of slowing, including Phoenix and San Francisco. Year-on-year gains in Phoenix were as strong as 23% in Ja

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in February, and was unchanged over the past 12 months. According to the latest release from the  Bureau of Labor Statistics (BLS), the seasonally adjusted increase in February was broad-based, including energy. The energy index increased 1.0% after seven consecutive monthly declines. The gasoline index, a component of the energy price index, increased 2.4% in February, but has decreased 32.8% over the past year.  The natural gas index, which was the only energy component to decrease in February, fell 2.0% and 3.4% over the first two months of this year, and has decreased 6.5% over the past year. The food index also increased 0.2% in February, and the index for nonalcoholic beverages had its largest increase since September 2012 at 0.6%. The index for beef and veal increased for the thirteenth consecutive month, while the index for dairy products has decreased in the first two months of 2015. Core CPI, whi

Housing starts slumped in February by the most in four years as bad winter weather in parts of the U.S. prevented builders from initiating new projects. Work began on 897,000 houses at an annualized rate, down 17 percent from January and the fewest in a year, the Commerce Department reported Tuesday in Washington. The median estimate of 80 economists surveyed by Bloomberg called for 1.04 million. “It was just the weather, basically,” said Richard Moody, chief economist at Regions Financial Corp. in Birmingham, Alabama. Still, “my view of the recovery in single-family housing is that it’s coming more gradually than others think.” An increase in building permits was driven by applications for multifamily units, indicating single-family construction, the biggest part of the market, will keep struggling. While stronger hiring and low borrowing costs have helped the industry advance, sales remain challenged by limited supply of cheaper homes and sluggish wage growth. The median e

[ George Clooney via wikipedia ] News came over the weekend via the  New York Post  that  Discovery Land Company , the firm developing the controversial Hills at Southampton project in East Quogue and planning to buy and raze the  Dune Deck  resort in Westhampton Beach, are backed by celebrities George Clooney, restaurateur Rande Gerber (husband of Cindy Crawford) and billionaire Ron Burkle. The chief executive of Discovery, Mike Meldman, owns Casamigos Tequila with Clooney and Gerber as well. The current plans for the Dune Deck are to  tear the structure down  and rebuild, possibly as a beach club for the Hills at Southampton, although Discovery has told the Westhampton Beach planning board that neither project is contingent on the other. Stay tuned. read more.... http://hamptons.curbed.com/archives/2015/03/09/is_george_clooney_an_investor_in_the_hills_at_southampton.php

Feast Your Eyes on 10 of New York City's Most Spectacular Landmarked Interiors - Exhibitions - Curbed National

Which of the following statements were made today by Standard & Poor’s David Blitzer about the December Case Shiller price indices? “Gains are slowing from month-to-month and the strongest part of the recovery in home values may be over. Year-over-year values for the two monthly Composites weakened and the quarterly National Index barely improved. The seasonally adjusted data also exhibit some softness and loss of momentum.” “The housing recovery is faltering. While prices and sales of existing homes are close to normal, construction and new home sales remain weak. Before the current business cycle, any time housing starts were at their current level of about one million at annual rates, the economy was in a recession” Actually, both of them were.  Can you guess which quote was an analysis of December 2013 and which was an analysis of December 2014? The first was 2013.  Despite Blitzer’s warnings, Case Shiller indices went on to record annual gain ranging from 4.3 to 4.7 p