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March, 2020

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Posted by: | Posted on: March 31, 2020

U.S. Home-Price Growth Accelerated Before Pandemic

Home-price growth accelerated in January, the latest indication that the U.S. housing market was poised for a strong year of sales before the coronavirus pandemic struck.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 3.9% in the year that ended in January, up from a 3.7% annual rate the prior month.

Economists and real-estate executives had expected robust home sales this year due to a strong job market and low mortgage rates. U.S. existing-home sales rose to a 13-year high in February, according to the National Association of Realtors.

But with the pandemic now keeping potential buyers and sellers on the sidelines, experts expect the pace of home sales to sharply decelerate. Capital Economics forecast in March that home sales would drop 35% in the second quarter of 2020 compared with the fourth quarter of 2019.

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Posted by: | Posted on: March 31, 2020

The Only Equipment You Need for a Solid Shelter-at-Home Workout

With gyms and boutique fitness studios temporarily shuttered due to the coronavirus, people are having to get their fitness on in the comfort of their own home. Good news: It’s a membership-free situation that gives you the flexibility to work out whenever you want. But unless you’re, say, the co-founder of Equinox Fitness with the most insane home gym we’ve ever seen, you likely don’t have all the high-end dedicated fitness equipment needed for a state-of-the-art sweat sesh.

So you need to get resourceful, and a bit creative.

To outfit your at-home workout space, first start by taking stock of the type of moves you want to do.

“Write down a list of exercises you’ll want to perform. That will help you determine what equipment is necessary

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Posted by: | Posted on: March 31, 2020

Pending Home Sales Rise 2.4% in February—but the Coronavirus Outbreak Will Slow Real-Estate Activity for Months to Come

The numbers: The index of pending home sales increased 2.4% in February following the previous month’s rebound, the National Association of Realtors reported Monday.

The index measures real-estate transactions where a contract was signed but the sale had not yet closed, benchmarked to contract-signing activity in 2001. It serves as an indicator for existing-home sales reports in the coming months.

What happened: Compared with February 2019, signings were up 9.4% nationally.

On a monthly basis, pending sales were up in every region with the West seeing the largest gain at 4.6%, followed by the Midwest (4.5%) and the Northeast (2.8%). In the South, contract signings inched up just 0.1%.

The big picture: Before the coronavirus outbreak hit the U.S., the residential real-estate market was in a decent position. While the short supply of homes for sale had put a ceiling on the number of sales that could happen

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Posted by: | Posted on: March 30, 2020

Gaming and Leisure Buys Las Vegas Casino in Sale Leaseback

LAS VEGAS—Gaming and Leisure Properties is acquiring Penn National Gaming’s Tropicana Las Vegas hotel and casino and the land for Penn National’s Morgantown, Pa., development in a sale leaseback deal for $337.5 million in rent payments.

The lease for the Morgantown land will generate $3 million of initial annual cash rent for Gaming and Leisure.

As part of the deal, Penn National has agreed to an early renewal for both its master leases with Gaming and Leisure, extending the current terms by five years. Penn National is also granting Gaming and Leisure downside protection for any future competitive impact that Penn National’s new Category 4 developments in Pennsylvania may have on its facilities subject to the Penn National master lease. Penn National will otherwise make cash rent payments in April, September, November, and December. Gaming and Leisure has granted Penn National an option to acquire the operations of Hollywood Casino

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Posted by: | Posted on: March 28, 2020

Most of the country is googling this design term. But not Californians.

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Posted by: | Posted on: March 28, 2020

2-story Nob Hill penthouse: Guess the rent in San Francisco

It’s no secret that Bay Area living is expensive, so much so that many people are leaving or coming up with some very creative solutions. If you’ve ever searched for a new apartment online, you’ve undoubtedly come across a place where the images make your jaw drop at the photos and price — and NOT in a good way. Welcome to the new series we’re calling, “Guess how much this rents for in San Francisco.” 

If you’re in the market for a new penthouse apartment (who isn’t?), this two-story unit

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