Houston named No. 1 real estate market to watch in 2015
Houston's real estate market has caught the eye of investors worldwide, prompting one to call the Bayou City the "perfect storm for commercial real estate," according to a new report from the Urban Land Institute andPwC.Houston ranked No. 1 in both investment and development prospects, and it came in second to Austin for home building prospects.
A doctor in NY has been confirmed
with Ebola after returning from treating patients in Africa.
Three weeks ago that news would have sent markets lower and a run into
treasuries, today not so much.
Since Nov 2008 the Fed’s balance
sheet has expanded to $4.48 trillion, an amount that
is almost impossible to understand or imagine.Chair Janet Yellen opened the door to keeping a
multi-trillion-dollar portfolio for years, saying a decision on when to stop
reinvesting maturing bonds depends on financial conditions and the economic
outlook. Shrinking the balance sheet to normal historical levels “could take to
the end of the decade,” Yellen said at her press conference last month.
Sept new home sales were expected
to have dropped 10.3% from August to 460K units
(annualized); as reported sales were up 0.2% but only because August numbers
were revised substantially lower; originally reported +18% August revised to
10.5%. October builder confidence dropped 4 points a week ago; trying to make a
silk purse from a pig's ear will be the task today for the housing market
bulls. Still just muddling along; builders are focusing on higher prices homes
while turning less interested in entry level houses. Young people are not much
interested kin home ownership as in previous recoveries from recessions. No
inflation in prices and changing culture are drags on the outlook.
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