DID YOU KNOW? Las Vegas had the fastest home price growth in the country for the 6th straight month at 12%, followed by Phoenix, where prices grew by 8.1%. Seattle returned to the top three after falling out last month, but still, prices there grew 6.3%. Existing home sales posted their largest annual decline in seven years in November and fell to their lowest level in more than three years in December. (WSJ)
DID YOU KNOW? The roughly 8,500-square-foot, full-floor penthouse atop the Avery, a new 56-story tower near the multibillion-dollar Transbay Transit Center and 3 blocks from San Francisco’s new Salesforce Tower is coming to market at a record-aspiring $41 million. The building was designed by OMA, the firm of Pritzker Prize-winning architect Rem Koolhaas. (WSJ)
DID YOU KNOW? The 35-day partial government shutdown helped trigger a sharp drop in consumer confidence in January and signaled growing worries about the future, though optimism has typically rebounded after similar episodes in the past. The consumer confidence index fell to 120.2 in January from 126.6 in December, the privately run Conference Board said Tuesday. Economists polled by MarketWatch had forecast a reading of 124.0. The index hit an 18-year high of 137.9 in October. Confidence has fallen during past shutdowns and government standoffs, but it usually rebounds after the crisis is over. (MarketWatch)
DID YOU KNOW? While the median price paid for a home nationally had risen by just over 5% year over year as of last October, the principal-and-interest mortgage payment on that median-priced home had increased by 17%, mainly because of the 2018 rate hikes. However, some forecasts for home prices and mortgage rates indicate mortgage payments will rise at a much slower pace – closer to 7% – this year.