Continued weakness in the employment sector fueled an ongoing rise in office vacancy rates. Office occupancy fell 15.8 million feet in the fourth quarter, the eighth straight decline , according to real estate analysts at Reis. Reis doesn’t expect a turnaround until businesses begin hiring again. Continue reading Washington Vies with New York for Highest Office Rents Washington Vies with New York for Highest Office Rents originally appeared on DailyFinance on Fri, 08 Jan 2010 10:45:00. Filed Under: Economy , Real Estate Permalink | Tweet this! | Comments

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Washington Vies with New York for Highest Office Rents

Filed under: Economy The nearly year-long positive trend in the U.S. housing sector is continuing. Existing home sales surged 10.1% in October to a seasonally adjusted annual rate of 6.1 million units, the National Association of Realtors announced Monday. That’s the highest level for existing home sales in more than two years. The consensus of economists surveyed by Bloomberg News had been for October existing home sales to come in at a 5.7 million unit annualized rate. The annualized existing sales number for September was revised to a 5.54 million units, and for August to 5.1 million units. Existing home sales are also up 23.5% in the past 12 months. Continue reading Existing home sales jump 10.1% in October Existing home sales jump 10.1% in October originally appeared on DailyFinance on Mon, 23 Nov 2009 12:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Existing home sales jump 10.1% in October

Filed under: Technology If you’re a thief with a car, you may want to steer clear of Tiburon, California. As tantalizing a target as Tiburon may be — its median home price is $2.62 million, and Forbes ranks it as the 26th wealthiest Zip Code — the Bay Area enclave may become the first U.S. city to install cameras to photograph the license plates of every car that enters and leaves town. “I think it makes the community safe,” Michael Cronin, Tiburon’s police chief, said Wednesday, after the Town Council voted 4-0 to go ahead with the surveillance program, slated to go live within six months, according to the San Francisco Chronicle . But the exclusive waterfront hamlet 17 miles north of San Francisco could set a dangerous precedent, privacy experts warn. Continue reading Now entering Tiburon. Please get your license plates ready for their close-up Now entering Tiburon. Please get your license plates ready for their close-up originally appeared on DailyFinance on Sun, 22 Nov 2009 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Now entering Tiburon. Please get your license plates ready for their close-up

Filed under: Economy Construction on new housing was statistically flat in September, rising just 3,000 to a 590,000 annual rate, the U.S. Commerce Department announced Tuesday , as a large decline in multi-family units offset an increase in single-family home construction. Economists surveyed by Bloomberg News had expected housing starts to total a 615,000 annualized rate in September. Housing starts totaled a revised 587,000 annual pace in August and a 581,000 annual pace in July. Continue reading U.S. housing starts flat in September U.S. housing starts flat in September originally appeared on DailyFinance on Tue, 20 Oct 2009 10:45:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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U.S. housing starts flat in September