Smart Home Technology Becoming New Normal

Smart Home Technology Becoming New Normal In time, the technology has expanded to multiple areas designed to improve overall quality of life. Building such technology features into new homes, once considered innovative, is now becoming the standard. Read More Herald Tribune https://www.heraldtribune.com/story/business/real-estate/2022/08/29/smart-homes-great-aging-place-quickly-becoming-standard/7877137001/

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NCC To Construct an Additional 191 Apartments in Espoo

NCC To Construct an Additional 191 Apartments in Espoo The project has several solutions for reducing carbon emissions; for example, the residential units will be heated using renewable energy and the block will be LEED Gold certified. Read More Helsinki Times https://www.helsinkitimes.fi/finland/finland-news/domestic/22106-ncc-to-construct-an-additional-191-apartments-in-espoo.html

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Housing Market Could be Finding Equilibrium Despite Higher Interest Rates

Housing Market Could be Finding Equilibrium Despite Higher Interest Rates Even with a decline in sales, builders have still been able to sell homes with relative ease as demand has outpaced output. Read More CBS Austin https://cbsaustin.com/news/nation-world/housing-market-could-be-finding-equilibrium-even-with-higher-interest-rates-real-estate-freddie-mac-fannie-mae-federal-reserve-mortgage

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9/30/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY July consumer spending rises less than personal income In July, personal income increased 0.2 percent, disposable personal income rose 0.2 percent and personal consumption expenditures (PCE) increased 0.1 percent, while the personal savings rate remained steady at 5.0 percent. https://www.bea.gov/news/2022/personal-income-and-outlays-july-2022   Inflation tracker PCE price index falls 0.1 percent in July, up 6.3 percent year-on-year The PCE price index decreased 0.1 percent in July and was up 6.3 percent year-on-year, down from 6.8 percent in June. Excluding food and energy, the PCE price index…

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New Home Sales Fall to Lowest Pace in More than Six Years

New Home Sales Fall to Lowest Pace in More than Six Years The tepid sales pace matches declining builder confidence since the beginning of the year as the industry grapples with supply chain disruptions that are delaying new home building projects and raising housing costs as mortgage interest rates increased. Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/08/new-home-sales-fall-to-lowest-pace-in-more-than-six-years

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