National
Economy Watch: Q3 GDP Growth Surprises on the Upside at 3.5 Percent
The Bureau of Economic Analysis reported its first estimate for Q3 real U.S. gross domestic product on Thursday, finding that it increased at an annualized rate of 3.5 percent for the quarter, which was above expectation.
Economy Watch: RIP QE3
The Federal Open Market Committee has officially let the world know that the central bank’s stimulus of the economy, often known by the shorthand QE3, is over.
TODAY’S DEALS: Investors Bank Closes $88M in Apartment Transactions
Investors Bank expands its lending footprint; Bascom buys in Los Angeles county; and NorthMarq Capital facilitates $12.5 million acquisition financing.
Economy Watch: Apartment Market Still Strong
The National Multifamily Housing Council Quarterly Survey of Apartment Market Conditions found that U.S. apartment markets expanded across all four areas that the organization measures.
TODAY’S DEALS: American Realty Advisors Buys an L.A. Asset from Dinerstein
American Realty Advisors buys a Los Angeles asset; Marcus & Millichap sells 336 units in Indianapolis; and M&P purchases two San Diego properties for more than $2 million.
Economy Watch: Pending Home Sales Edge Up in September
The National Association of Realtor’s Pending Home Sales Index, which is a forward-looking economic indicator based on contract signings (but not closings), inched upward to 105.0 in September from 104.7 in August, and is now 1 point higher than in September 2013, when it was 104.0.
TODAY’S DEALS: Weidner Makes Entry in Oklahoma with 324-Unit Purchase
ARA brokers the sale of a newly built asset in Oklahoma City; CBRE Global Investors grabs a 348-unit asset near Portland; and NorthMarq Capital finalizes a $12.4 million refinance.
Economy Watch: New Home Sales Edge Up in September
The Census Bureau reported that the sale of new single-family houses nationwide came in at an annualized rate of 467,000 units in September, up 0.2 percent from August. The year-over-year increase is healthier, however, up 17 percent since September 2013.
Economy Watch: FHFA Home Price Index Sees Late Summer Uptick
U.S. house prices saw an unusually strong uptick in August compared with July, according to the Federal Housing Finance Agency monthly House Price Index.
Economy Watch: CPI Barely Moves in September
Inflation is at a very low ebb in the United States these days. The Bureau of Labor Statistics reported on Wednesday that the Consumer Price Index for All Urban Consumers increased 0.1 percent in September compared with August.