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Monday, October 26, 2015

What to expect from U.S real estate in 2016? Here’s what the experts forecast

What to expect from U.S real estate in 2016? Here’s what the experts forecast: Our experts analyzed real estate activity during 2014 to forecast the�future of real estate in the U.S. and provide the following predictions for�home buyers & sellers:
1. Home prices to grow
There is widespread consensus over the improving state of U.S. real estate. As per the latest reports by Urban Land Institute (ULI) Center for Capital Markets and Real Estate, the home prices will continue to rise for next few years, so for investors 2016 shall be the time to find properties that promise high returns. The market has improved locally as well as nationally, which points to continued recovery.
2. Rental market seems to be up
As per Zillow, the rental market has moved up in the U.S. even in cities where real estate market struggled a bit. The supply of desirable rental properties could be one reason of growing rents. Finding a good property within budget looks troublesome so affordable properties have brighter chance to generate income.

Housing recovery is still on track: Analyst

Housing recovery is still on track: Analyst: Despite weak new home sales data released on Monday, an analyst said that the housing recovery is still very much forging ahead.

"The builders are up over the market," said Nishu Sood, a home builder analyst at Deutsche Bank. He was speaking on an interview on CNBC's "Power Lunch" on Monday.

Yellen, Bernanke and a Housing Shortage for Millennials | Fox Business

Yellen, Bernanke and a Housing Shortage for Millennials | Fox Business: Federal Reserve Chair Janet Yellen took some people off guard last month when she gave a downbeat assessment of the U.S. housing market.

“It remains very depressed, housing starts below levels that seem consistent with underlying demographics,” said Yellen in response to a question during the press conference following the September meeting of the Fed.

She added, “especially in an economy that’s creating jobs and we have lots of people who are still doubled up and demand for housing should be there and should materialize as the job market improves and income growth improves.”

Housing lot shortage crimps building

Housing lot shortage crimps building: Home construction is on pace to hit a post-recession high this year, but a fundamental problem is preventing an even sharper ramp-up: a shortage of places to put the units.

Builders are increasingly complaining of a dearth of developed lots, a crunch that's becoming more prominent as housing starts pick up. They blame restrictive regulations, limited financing for lot development and buyers' growing preference to live in or near cities,�where there's little unused land

20 children rescued from flooded school bus in Baton Rouge area | NOLA.com

20 children rescued from flooded school bus in Baton Rouge area | NOLA.com: Deputies rescued 20 children from a school bus that stalled in a flooded roadway Monday morning (Oct. 26) in East Baton Rouge Parish, prompting the Sheriff's Office to remind motorists not to surge through floodwaters.

UK property market could see “biggest boom of all time” – PropGoLuxury - Property News

UK property market could see “biggest boom of all time” – PropGoLuxury - Property News: Surging demand, a major lack of supply and low interest rates are driving home prices to new extremes in London the East and South East of England – with the stage set for the “biggest boom of all time”, says a top online agent.

The average property asking price in London stood at �530,587, up 12.6% annually in October 2015, in the South East it was �378,991 up 9.1% year-on-year and in the East it was �307,485 up 7.9% year-on-year, and 2.3% in the last month.

Economic growth dogs Mississippi

Economic growth dogs Mississippi: The economy has gotten a lot better for Era Walker. The West Point resident has gone from making $9.75 an hour at a pig farm to $15 an hour at the CalStar Products brick plant in Columbus.

Mississippi Health Department urges citizens to get flu shot - FOX13 News, WHBQ FOX 13

Mississippi Health Department urges citizens to get flu shot - FOX13 News, WHBQ FOX 13: The Mississippi Department of Health is recommending everyone get a flu shot.

At-risk groups include young children, adults over 50, pregnant women and people with chronic illnesses

Uber may be nearing $70B valuation with yet another $1B funding - Memphis Business Journal

Uber may be nearing $70B valuation with yet another $1B funding - Memphis Business Journal: Uber is reportedly raising another $1 billion round of funding that will grow its already historic pre-IPO valuatio n to between $60 billion and $70 billion.

Tanger outlet mall nearing completion in Southaven

Tanger outlet mall nearing completion in Southaven: Work is entering the home stretch on one of the biggest retail prizes of the year for DeSoto County and the region as Tanger Factory Outlet Centers Inc. prepares for a Nov. 20 opening of its site at Interstate 55 and Church Road in Southaven.

Tanger, based in Greensboro, North Carolina, just announced a roster of 70-plus stores and opening weekend activities for the outlet center, expected to generate $7.5 million annually in sales tax revenue and create close to a 1,000 full- and part-time jobs.

How New Orleans became Bolivia for Sandra Bullock's 'Our Brand is Crisis' | NOLA.com

How New Orleans became Bolivia for Sandra Bullock's 'Our Brand is Crisis' | NOLA.com