Here are my updates for October 1, 2013
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed
“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”
US house prices in biggest annual rise for seven years
The index measures single-family home prices across 20 cities, with 13 cities showing a rising annual growth rate.
Last week, the US Federal Reserve decided to maintain its effort to boost the economy, which involves buying $85bn worth of assets every month.
That scheme, known as quantitative easing (QE), is credited with boosting the housing market last year by driving down mortgage rates to record lows.
However, David Blitzer from S&P Dow Jones Indices said that effect had worn off.