Daily Briefing: Annualized home appreciation rate rises for first time in over a year

Boston real estate appreciated 64.86% over the last ten years, which is an average annual home appreciation rate of 5.13%, putting Boston in the top 10% nationally for real estate appreciation. Boston real estate appreciation rates are so strong that despite a nationwide downturn in the housing market, Boston real estate has continued to appreciate in value faster than most communities.

The number of estate agents that have gone bust over the last year has climbed to 153 as the pressure from online rivals continues to increase. According to Moore Stephens this is up from 148 a year.

Orange County house prices, which tend to rise at a slower pace, were up 6.2 percent year over year. That’s the county’s highest appreciation rate so far in 2018. Realtor.com just released their annual housing forecast for 2018, which predicts national inventory growth will trend into positive territory for the first time since 2015.

The gross domestic product, the economy’s total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first. year of around 2.5%. The 2.9% gain in 2018.

Home prices decelerate. Good news for first-time home buyers: Home-price appreciation is expected to cool down in 2018 after a torrid couple of years. Home prices rose 6.3% in 2016, according to the Federal Housing Finance Agency. They’re on track to exceed 6% in 2017, too.

LOSING GAME Video game developer Codemasters posted a £10million fall in revenues to £39.7million in the six months to September 30 as it released fewer games than a year earlier. revenue by 32 per.

Economists also noted that business capital investment fell in the April-June quarter for the first time in three years. For the second half of this year, economists say they think GDP will grow at.

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Rent prices grew on an annual basis at their highest rate since April, after decreasing for the first time in six years last fall – Rent prices grew 2.4 percent from a year ago. The median U.S. rent is now $1,472. – The typical U.S. home is worth $226,300, a year-over-year increase of 7.2 percent.

"Likewise, the annual rate of appreciation has now slipped to 3.8%, the first-time annual home price growth has fallen below its 25-year average of 3.9% since 2012."

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