D.C. Metro & National Real Estate News

Feb. 21, 2020

2/21/20

 

 

 

 

DID YOU KNOW?

The CNBC/SurveyMonkey Small Business Confidence Index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened, thanks to a trade deal with China and the signing of the USMCA. This is a sharp turnaround from the lows seen last summer as trade turmoil weighed on Main Street’s outlook.

 

DID YOU KNOW?

Manufacturing surveys from the New York and Philadelphia regions show manufacturing on the rebound. The sector had been in recession for the latter part of 2019, hampered by the U.S.-China tariff war and a slowing global economy. Philadelphia’s picture particularly improved, rising to its highest level in three years. (CNBC)

Posted in Community News
Feb. 20, 2020

2/20/20

 

 

 

 

 

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Federal Reserve officials expressed confidence at their most recent meeting about the state of the U.S. economy and figured interest rates likely would remain unchanged for a while. (CNBC)

 

DID YOU KNOW?

While factories have started to come online, checks by Morgan Stanley analysts found that production had only reached 30% to 50% of normal levels as of last week. China’s economic growth in the first quarter could fall to as low as 3.5% if the spread of the virus outbreak is not contained fast enough for factory production to resume to normal levels.

Posted in Community News
Feb. 19, 2020

2/19/20

 

 

 

 

DID YOU KNOW?

Most people are not wealthy enough or too intimidated to buy investment properties, but now along comes MICRO-investing that allows consumers to buy shares of properties and customize portfolios, for as little as $5. The New York City-based real estate micro-investment app called Compound flips properties at a profit for investors. (more competition for buyers!) The model is similar to the traditional real estate investment trust (REIT), but micro-investing companies give investors the ability to become part-owners of specific properties — which creates lower fee structures, favorable tax benefits, and assets that are not tied to the stock market. (YAHOO)

 

DID YOU KNOW?

While factories have started to come online, checks by Morgan Stanley analysts found that production had only reached 30% to 50% of normal levels as of last week. China’s economic growth in the first quarter could fall to as low as 3.5% if the spread of the virus outbreak is not contained fast enough for factory production to resume to normal levels. To put this into context, the US economy has achieved or exceeded 3.5% growth in just two quarters in the past 5 years. (CNBC)

Posted in Community News
Feb. 18, 2020

2/18/20

 

 

 

 

 

DID YOU KNOW?
Around half of Americans currently own unredeemed gift cards or store credits according to a new survey from Bankrate: that's worth over $21 billion! (CNBC)
DID YOU KNOW?
Solar power costs less to generate in India than the cheapest competing fossil fuel—coal—even with subsidies removed and the cost of construction and financing figured in, according to the Indian government and industry trackers. Technological innovation and falling solar-panel prices have made solar power inexpensive enough to compete on its own with other fuel sources in some regions when it comes to newly built plants. That could turbocharge the growth of renewables in the global energy industry, especially in fast-growing Asian markets where much of the world’s energy infrastructure expansion will take place....and where much of the world's worst polluters exist. 36% of the world's CO2 emissions come from China and India (Both countries comprise 36% of the world's population and 21% of the world's GDP).  The USA emits 16% of the world's CO2, yet houses just 4.1% of the world's population. But the USA represents 26.75% of the world's GDP.

 

Posted in Community News
Feb. 17, 2020

2/17/20

 

 

 

 

DID YOU KNOW?

Japan, the world’s 3rd-largest economy after the U.S. and China, contracted at an annualized rate of 6.3% in the October-December quarter, worse than economists’ forecast of a 3.9% contraction. The biggest reason was a sharp drop in private consumption after the national sales tax rose to 10% on Oct. 1 from 8%. A drop-off in Chinese tourists impacted by the Coronavirus has hurt too. (WSJ)

 

DID YOU KNOW?

These are some common toxic household products you should consider removing from a home: non-stick cookware, mothballs, tick-and-flea pet collars, air-fresheners, oven-cleaners, toilet-bowl cleaners, furniture and polish stains, antibacterial soaps, gas space heaters, flame retardants.  Seek out organic, clean alternatives.

Posted in Community News
Feb. 14, 2020

2/14/20

 

 

 

DID YOU KNOW?

The U.S. government will forgive $207.4 billion in student debt for Americans who take out loans over the next decade, the Congressional Budget Office. The biggest benefits will go to borrowers who attend graduate or professional school. The CBO projects the government will originate $1.05 trillion in new loans from 2020 to 2029. About 43 million Americans owe $1.51 trillion in federal student loans. (WSJ)

 

 

DID YOU KNOW?

U.S. credit card debt hit an all-time high of $930 billion. Debt surpassed the $870 billion peak during the 2008 financial crisis. Credit card delinquency rates increased .16% from the prior quarter to 5.32%. Younger Americans (18 to 29) have a 76% higher delinquency rate than anyone else. Delinquency rates for credit cards — which are the portion of payments late 90 days or more — also rose to 5.32%, up from 5.16% from the prior quarter. (CNBC)

Posted in Community News
Feb. 12, 2020

2/12/20

 

 

 

 

DID YOU KNOW?

Employees in India, Indonesia and China are more hopeful about their career prospects than workers in any other major economy, according to a new study from LinkedIn. The USA came in 8th and Canada 10th. (CNBC)   

 

DID YOU KNOW?

For the federal government’s fiscal year 2019 (the 12-month period ending on 9/30/19), total receipts were $3.462 trillion, according to the Congressional Budget Office.....up by $130 billion, or 3.9%, compared to the fiscal year 2018

Posted in Community News
Feb. 11, 2020

2/11/20

 

 

 

 

 

DID YOU KNOW?
Insurers have raised prices aggressively in the past year on companies of all sizes across the country and are likely to continue. The turnabout underscores a challenging landscape for U.S. insurers following several years of large catastrophe losses and continued low interest rates, which have weighed on their investment returns. The current price increases are partly due to hurricanes, wildfires and other catastrophes in 2017 and 2018 that cost the global industry more than $200 billion. The industry lost money from underwriting in 2016, 2017 and 2018. Some of Chubb’s biggest hikes were for property, excess-casualty and management-liability insurance for large U.S. corporations.  (WSJ)  
 

DID YOU KNOW?

Simon Property Group is buying rival Taubman Centers in a $3.6 billion deal. Taubman owns, manages or leases 26 super-regional shopping centers in the U.S. and Asia.

Posted in Community News
Feb. 10, 2020

2/10/20

 

 

 

 

DID YOU KNOW?

A company aiming to cut the cost of building hotels using 3D-printed flatpack designs has raised $20m from investors including Uber’s founder Travis Kalanick and Tim Steiner, Ocado’s chief executive. Habitas, co-founded by the British entrepreneur Oliver Ripley, says it can assemble resort-style hotels, pieced together using modular designs, in 6 - 9 months instead of the 4 - 5 years it can take for a more traditional hotel project. Watch technology come to cure housing affordability too! (Telegraph)

DID YOU KNOW?
Over 800 people have succumbed to the Coronavirus so far. But to put things into perspective: Influenza has already taken the lives of 10,000 Americans this season, according to the U.S. Centers for Disease Control and Prevention. At least 19 million have caught the flu, and an estimated 180,000 became so ill they were hospitalized. (US NEWS)
Posted in Community News
Feb. 7, 2020

2/7/20

 

 

 

 

 

DID YOU KNOW?

There are still buyers who want to wait to buy when the next recession hits:  they may be disappointed. How did the country’s housing market fare historically during recessionary periods? Based on what’s happened in past recessions, a report by First American Financial Services argues that the next recession is unlikely to prompt a major downturn in housing. The growth in home prices seen during the current economic expansion hasn't been fueled by increased access to mortgage credit. It's more about supply and demand: Many Americans want to become homeowners, but the supply of homes available for sale is very low, pushing prices upward. While this has made the prospect of buying a home unaffordable for millions of Americans, it has also meant that those who are homeowners have seen their home equity grow substantially in recent years. That decreases the likelihood that they would be underwater on their loan if home prices were to dip in a recession. (Marketwatch)

 

 

DID YOU KNOW?

Negative interest rates that have spread through Europe and Japan are coming soon to the U.S. according to a Societe Generale strategist. Interest-free mortgages perhaps? The average interest rate for a 30-year fixed-rate mortgage is now just 3.45%.... (CNBC)  

Posted in Market Updates