Posted in home

Moscow mayor urges more home-working as Russia’s new COVID cases hit three-month high

MOSCOW (Reuters) – The mayor of Moscow urged businesses on Friday to get more people to work from home as Russia’s daily tally of new coronavirus cases hit its highest since June 23.

FILE PHOTO: A security guard wearing a protective face mask looks on in Moscow, as Russia’s coronavirus case tally passed the one million September 1, 2020. REUTERS/Maxim Shemetov

Officials reported 7,212 new infections, bringing the national case total to 1,136,048. In Moscow, the tally of new cases rose almost 50% overnight to 1,560 from 1,050 the previous day.

Russia lifted many of its lockdown restrictions in June and many shops, businesses and public transport in the capital of more than 12.5 million people are operating largely as normal.

But on Friday Mayor Sergei Sobyanin recommended that the heads of all companies in the city switch as many of their staff as possible to working from home from

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Posted in home improvement loans

U.S. new home sales vault to near 14-year high in August

FILE PHOTO: A new home is seen under construction in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson/File Photo

WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased to their highest level in nearly 14 years in August, suggesting the housing market continued to gain momentum even as the economy’s recovery from the COVID-19 recession appears to be slowing.

The Commerce Department said on Thursday new home sales rose 4.8% to a seasonally adjusted annual rate of 1.011 million units last month, the highest level since September 2006. New home sales are counted at the signing of a contract, making them a leading housing market indicator.

July’s sales pace was revised upward to 965,000 units from the previously reported 901,000 units. Economists polled by Reuters had forecast new home sales, which account for about 14% of housing market sales, slipping 1% to a rate of 895,000-units.

The report

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Posted in home

Home sales reach a 14-year high in August, with prices hitting a new record

Home sales surged to a 14-year high in August as record low interest rates brought homebuyers out in droves and pushed prices to a new record high.



a view of a house: Homes in the Southern Highlands master-planned community are seen in this aerial photograph taken over Las Vegas, Nevada, U.S., on Thursday, Sept. 17, 2020. Nowhere is the widening gap between real estate and the real economy more apparent than in Las Vegas, where tourism is in ruins, wages are plunging and home prices just keep rocketing higher. Photographer: Roger Kisby/Bloomberg via Getty Images


© Roger Kisby/Bloomberg/Getty Images
Homes in the Southern Highlands master-planned community are seen in this aerial photograph taken over Las Vegas, Nevada, U.S., on Thursday, Sept. 17, 2020. Nowhere is the widening gap between real estate and the real economy more apparent than in Las Vegas, where tourism is in ruins, wages are plunging and home prices just keep rocketing higher. Photographer: Roger Kisby/Bloomberg via Getty Images

Existing home sales — which includes sales of single-family homes, townhomes, condominiums and co-ops — were up 2.4% in August from July, to a seasonally-adjusted annual rate of 6 million transactions, according to the National Association of Realtors. That was a 10.5% increase from the year before and the highest level since December 2006.

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Posted in renovation

Potential Renovation Of Cherokee High Discussed By School Leaders

CANTON, GA — During its pre-meeting strategic work session on Thursday evening, Cherokee County School Board members reviewed student enrollment and school capacity reports from the 20th-day of school, when enrollment typically peaks, as well as projected enrollment growth.

While Superintendent Brian Hightower describes this school year as an “anomaly” for enrollment and facility usage levels given the pandemic and the operation of both in-person and digital learning models, the trend in steady to slower enrollment growth is expected to continue.

This is a contrast to the explosive growth experienced by the school district prior to the Great Recession, which led to a housing boom and a school construction boom, the mortgage for which still is being retired through a portion of Education SPLOST (Special Purpose Local Option Sales Tax). The five-year sales tax is up for renewal in 2021, and Hightower said Thursday that, in addition to a focus

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Posted in home improvement loans

U.S. existing home sales approach 14-year high; prices scale record peak

WASHINGTON (Reuters) – U.S. home sales surged to their highest level in nearly 14 years in August as the housing market continued to outperform the overall economy, but record high home prices could squeeze first-time buyers out of the market.

FILE PHOTO: A house-for-sale sign is seen inside the Washington DC Beltway in Annandale, Virginia January 24, 2016. REUTERS/Hyungwon Kang/Files

The report from the National Association of Realtors confirmed home sales had recovered after slumping when the economy almost ground to a halt as businesses were shuttered in mid-March in an effort to slow the spread of COVID-19.

Demand for housing is being fueled by record-low mortgage rates and a pandemic-fueled migration to suburbs and low-density areas in search of more spacious accommodation as many people work from home. Federal Reserve Chair Jerome Powell told a congressional panel on Tuesday that the economy has shown “marked improvement” since plunging into

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Posted in home

Miami Senior High football coach Corey Smith killed in shooting at his home

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Corey Smith, the head football coach at Miami Senior High School, was killed Monday morning in a shooting at his own home, according to the Miami Herald. Miami-Dade Police confirmed to the newspaper that an investigation is underway but there are not many public details on what happened yet. According to police, someone else in the house reported gunshots in the home around 9:30 a.m. local time.

Smith coached Miami High for one season, taking them to the regional round in the playoffs and leading them to a 9-4 record. Many in the Florida football community are mourning Smith’s death and taking to social media to write condolences to him and his family. 

Miami Edison football coach Luther Campbell posted a photo on Instagram and wrote, “My condolences goes out to the family of Coach Corey Miami High head coach. RIP.”

“This is a very sad day for the

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Posted in home

Home Builder Stocks Rise as Confidence Hits a Record High

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NAHB chief economist Robert Dietz said builders are benefiting from high traffic, but warned about the rising cost of lumber.


Harald Tjostheim/Dreamstime.com

Home builders’ exceptional summer isn’t over yet. A monthly housing market gauge measuring builder confidence has hit its highest point in 35 years, the National Association of Home Builders, or NAHB, reported Wednesday.

The NAHB/Wells Fargo Housing Market Index rose to a reading of 83 in September, the trade organization said, surpassing a previous record of 78. All three components of the survey—which measure builder perceptions of current sales conditions, sales expectations over the next six months, and traffic of prospective buyers—reached new highs amid historic traffic fueled by low interest rates and migration trends, the trade group said in a release.

Like many housing indicators this year, the confidence index has been on a wild ride. As the coronavirus pandemic thrust the industry into uncertainty,

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Posted in home

Home-builder confidence soars to all-time high despite rising material costs

The numbers: Home builders are more confident about the state of their industry than ever before as foot traffic of prospective buyers continues to improve, according to research from a trade group released Wednesday.

The National Association of Home Builders’ monthly confidence index rose five points to a reading of 83 in September. The index reading was the highest on record in the 35-year history of the data series, surpassing the previous month’s record high.

“The suburban shift for home building is keeping builders busy, supported on the demand side by low interest rates,” Robert Dietz, chief economist for the National Association of Home Builders, said in the report. “In another sign of this growing trend, builders in other parts of the country have reported receiving calls from customers in high-density markets asking about relocating.”

Index readings over 50 are a sign of improving confidence. The index had fallen below

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Posted in home improvement loans

US home prices see largest jump in 7 years, latest record high

  • A recent report by Redfin that analyzed the 4-week period ending September 6 found that the median price of a home in the US saw its largest percentage increase since 2013.
  • Rising prices and low inventory have created highly competitive markets for homebuyers, especially first-time homebuyers.
  • This increase is the latest in a string of record highs for median house prices since the summer, meaning buying a house may not be a great deal for everyone right now.
  • Visit Business Insider’s homepage for more stories.

The typical US house price jumped 13% year-over-year to $319,178 for the four-week period ending September 6, per Redfin. That was the biggest percent jump in seven years, since 2013.

The report, which looked at 434 metro areas, also revealed that active listings were down 28% from the same time last year, meaning tight supply keeps propping prices higher and higher. With rising prices, low

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Posted in home repair

Coastal Migrants Boost Las Vegas Home Prices, Up 8% in August Amid High Local Unemployment Rate

People moving in from expensive cities and locals with changing needs are contributing to rising home prices and fast sales even as tourism industry takes the brunt of the pandemic’s economic impact

SEATTLE, Sept. 16, 2020 /PRNewswire/ — (NASDAQ: RDFN) — The typical home-sale price in the Las Vegas metro grew 7.8% year over year to $310,000 in August, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. More than 41% of homes sold within two weeks of going on the market, up from 28.3% last year.

Redfin Logo (PRNewsfoto/Redfin)

Meanwhile, the unemployment rate in the Las Vegas area—where much of the economy depends on the tourism industry, heavily impacted by the coronavirus pandemic—stood at 16.4% in July (the most recent data available). That’s an improvement from 30% in April, but higher than the 10.2% national rate posted in July.

“A lot

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