News
MARKET SNAPSHOT: Vacancy in San Diego Remains Flat as Hiring Picks up Pace
After witnessing a net loss of 3,800 positions last year, employment in San Diego has seen a resurgence over the last few quarters, with payrolls expanding by 7,700 workers in the third quarter of 2012 alone.
Economy Watch: Housing Starts Drop in November
Private housing starts in November came in at an annualized rate of 861,000 units, according to the Census Bureau. That’s 3 percent below the revised October estimate of 888,000, and adjusted for the fact that colder weather slows down housing construction.
MHN Interview: Pennrose on Hurricane Sandy’s Aftermath
More than a month after Hurricane Sandy, the effects of the storm are still reverberating across the Northeast. MHN talks to Robert Lampher, president, Pennrose Management Company, about the damages their New Jersey properties suffered, and how their experiences affected how they will react to hurricanes in the future.
TODAY’S DEALS: Post Brothers Completes Largest Market-Rate Philly Buy in 2012
Post Brothers acquires a Philly asset for $51 million; Berkeley Point Capital arranges a $29.1 million first mortgage to pay off an existing bridge loan; and Lee & Associates brokers a $15.6 million sale in Burbank, Calif.
‘What Renters Want’ with Jessica Fiur: 6 Amenities You Really Should Have
In previous blogs, I’ve mentioned amenities that might not be worth the investment. Here are some amenities that you really should considered.
Groundbreaking Ceremonies Herald Start of Old Colony’s Phase Two
Groundbreaking ceremonies were recently held to mark the construction start on Phase Two of The Homes at Old Colony Redevelopment Project in South Boston.
Refinance Applications Fall to Lowest Level in Over a Month in Latest MBA Weekly Survey
Mortgage applications decreased 12.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 14, 2012.
APARTMENT MARKET STATISTICS: December 2012
The latest apartment market statistics are available in the December 2012 issue of Multi-Housiong News.
Economy Watch: Homebuilders Feeling a Little More Optimistic
The National Association of Home Builders reported that builder confidence in the market for new single-family homes rose for an eighth consecutive month in December to 47 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Picerne Military Housing Awarded $72M Public-Private Partnership Development with the U.S. Army
Picerne Military Housing recently closed on a $72 million public-private partnership deal on Reece Crossings at Fort Meade in Maryland.