"News" Blogs & Blog Posts
Latest News Blog Posts
US pending home sales exceed expectations in July, increasing for the sixth consecutive month
By: REI Blog
31Aug2009Pending home sales jumped 3.2% m/m in July to the highest level since June 2007, exceeding expectations. Home sales have increased for six consecutive months, the first time this has occurred in the history of the series which dates back to 2001. The...
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Housing - New home sales jump again
By: REI Blog
26Aug2009Home sales rose by 9.6% MoM in July after an upward-revised 9.1% increase in June. Home sales rose in every region but the Midwest. Although still off 13.4% YoY, this represents the fourth consecutive increase in the pace of new home sales. When view...
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Baja Real Estate is in in a Hot Market
By: REI Blog
26Aug2009Baja Real Estate is again in in a Hot market now, no matter ocean view condo or ocean front villa, they all sell quickly while the demand has increased recently. Ensenada real estate is one of the area many travelers and investors are very interested...
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US new home sales jumped higher in July, showing another positive indicator for the housing market
By: REI Blog
25Aug2009New home sales jumped 9.6% m/m to 433,000 in July, considerably above consensus (390K) expectations. Adding to the positive signal, the data were revised to show stronger sales over the prior few months with net upward revisions of 34,000 homes. An i...
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S&P/Case-Shiller US home prices rose q/q in Q2 for the first time since Q1 06
By: REI Blog
25Aug2009Obama nominates Bernanke for second term President Obama nominated Fed Chairman Bernanke for a second four-year term starting on January 31. Bernanke’s reappointment will have to be approved by the Senate, which seems probable given the endorse...
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Real estate - Demand for architectural services still contracting
By: REI Blog
24Aug2009Demand for architectural services, a leading indicator for commercial construction, continues to contract. The Architectural Billings Index rose to 43.1 in July from 37.7 in June. Remember that this is an ISM-style index where anything below 50 indic...
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Homebuilding: a growth story?
By: REI Blog
21Aug2009Housing construction has finally turned from being a drag on economic growth to a supporter; however, both supply and demand factors will likely prevent a robust recovery. After peaking in January 2006 at 1836K, single-family housing starts have corr...
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