Tag Archives: real-estate

U.S. home prices saw their biggest year-on-year jump in August in six years, more evidence that the market recovery has gained traction, a data provider said Tuesday. CoreLogic reported a 0.3% gain in prices in August, to take the year-on-year jump to 4.6%.The home price data released Tuesday is broadly confirmed by other, less current measures from S&P/Case-Shiller and the Federal Housing Finance Agency that show a slowly recovering picture after a housing bubble burst that left prices 27% below peaks, according to CoreLogic data.

- MarketWatch

A jump in sales of previously occupied homes and further gains in home construction suggest the U.S. housing recovery is gaining momentum. The pair of reports Wednesday follows other signs of steady progress in the housing market after years of stagnation. New-home sales are up, builder confidence has reached its highest level in more than six years and increases in home prices appear to be sustainable. Sales and construction rates are still below healthy levels, economists caution. But the improvement has been steady. And the broader economy is likely to benefit. When home prices rise, Americans typically feel wealthier and spend more — a point Federal Reserve Chairman Ben Bernanke made last week after the Fed unveiled a plan to lower mortgage rates. Consumer spending drives 70 percent of the economic growth.

- Washington Post

From Barry Cummings, Director of Development, Chenango County ARC:

We are trying to create a LIHTC deal w/ state dollars to build a 34 unit complex and set aside 11 units for the developmentally disabled. The special needs tenants would not require 24 hour care and would be truly integrated into a community setting.  Are you aware of anyone doing a  set aside project with just the developmentally disabled as the special needs tenant population?

Got an answer for Barry?  Leave it in the comments.