Rapid transit

Better news for buyers in November as prices, rates ease

Retrieved on: 
Monday, December 11, 2023
Rapid transit, Zillow, Great Lakes region, Real estate

SEATTLE, Dec. 11, 2023 /PRNewswire/ -- Mortgage rates falling from a 23-year high have brought some early holiday cheer for home shoppers and sellers. The latest Zillow®1 market report shows monthly costs for a new mortgage are falling, inventory is trending back toward normal, and price cuts are uncharacteristically common. 

Key Points: 
  • SEATTLE, Dec. 11, 2023 /PRNewswire/ -- Mortgage rates falling from a 23-year high have brought some early holiday cheer for home shoppers and sellers.
  • "Despite high-cost headwinds, buyers have a few things to be thankful for in today's market," said Zillow Chief Economist Skylar Olsen.
  • Mortgage rates are still above 7%, but price cuts are surprisingly common, and mortgage costs eased a bit.
  • Agents are updating pricing strategies as persistently high mortgage rates weigh on buyers.

Redfin Reports That Homebuyers Must Earn $115,000 to Afford the Typical U.S. Home—About $40,000 More Than the Typical American Household Earns

Retrieved on: 
Tuesday, October 17, 2023
Technology, Men, Family, Finance, Consumer, Residential Building & Real Estate, Personal Finance, Professional Services, Construction & Property, Public Relations, Investor Relations, Software, Communications, Women, Data Management, ID, Rapid transit, State, Rust Belt, Condo, Real estate, Music

“In a homebuyer’s ideal world, rising mortgage rates would push demand and home prices down enough to make up for high interest payments.

Key Points: 
  • “In a homebuyer’s ideal world, rising mortgage rates would push demand and home prices down enough to make up for high interest payments.
  • Mortgage rates have climbed even higher since then, hitting 7.57% during the week ending October 12—their highest level in over two decades.
  • At that time, a homebuyer would have needed to earn $75,000 per year to afford the typical home.
  • The typical American household earns about $40,000 less than the income needed to buy a median-priced home.

AESC Celebrates Structural Completion Milestone at State-of-the-Art Gigafactory in Bowling Green

Retrieved on: 
Thursday, September 14, 2023
Other Energy, Batteries, EV, Electric Vehicles, Energy, Automotive, Technology, Automotive Manufacturing, Manufacturing, Senate, Life, Warren, Rapid transit, Tennessee Valley Authority, Cell, TVA, EVS, Tennessee Valley, Chamber, Economic development, Kilowatt-hour, Growth, House, Army of Central Kentucky, Commerce, Country, Renewable energy

This “Topping Out” ceremony marks a significant milestone in AESC’s progress toward completing its state-of-the-art gigafactory in the Kentucky Transpark in Bowling Green, Warren County.

Key Points: 
  • This “Topping Out” ceremony marks a significant milestone in AESC’s progress toward completing its state-of-the-art gigafactory in the Kentucky Transpark in Bowling Green, Warren County.
  • “Today we celebrated another step forward for AESC in Bowling Green – the second largest economic investment in Kentucky’s history, set to create 2,000 full-time jobs.
  • Our commonwealth is now a national leader in electric vehicle battery production, and AESC has been central to that success,” Gov.
  • “AESC is honored to celebrate with the Bowling Green community and the entire state of Kentucky as we complete the construction of our new state-of-the-art gigafactory,” said AESC U.S.

Redfin Reports Myrtle Beach, SC Becomes Popular Homebuyer Migration Destination for First Time

Retrieved on: 
Wednesday, August 23, 2023
Banking, Internet, Professional Services, Fintech, Consumer, Electronic Commerce, Technology, Residential Building & Real Estate, Construction & Property, Other Consumer, Insurance, Finance, Metro, Housing, Redfin, Tax, Rapid transit, Golf, Wind, Climate change, Risk, Sun Belt, Cyclone, Weather, Into, Real estate, Hotel, Property insurance

There are 7% fewer Redfin.com users looking to move away from their home metro than a year ago.

Key Points: 
  • There are 7% fewer Redfin.com users looking to move away from their home metro than a year ago.
  • Myrtle Beach, SC has made it onto the list of most popular migration destinations for the first time on record.
  • The South Carolina beach town is the 9th-most popular destination for relocating homebuyers, with people most commonly moving in from Washington, D.C. and New York.
  • Homebuyers are moving to Myrtle Beach for its relatively affordable homes and outdoorsy lifestyle, as is the case for most of the most popular migration destinations.

Miami Real Estate Records 2nd Best Total Sales Year Ever; Miami Condo Annual Sales Finish No. 2 All-Time

Retrieved on: 
Saturday, January 21, 2023
Newton, Aurora, Housing, Rapid transit, Florida Department of Highway Safety and Motor Vehicles, Multiple listing service, Florida Department, Global studies, MLS, News, Miami-Dade County, Florida, Vehicle registration plates of Nepal, Freddie Mac, Partnership, REO, Sale, Nation, State, Fed, NAR, Growth, Statistics, Face, REO Motor Car Company, New Yorker, Drug, Real estate, Cryptocurrency, Property management, Retail, Commercial property, Citrus, Citadel, Redfin

MIAMI, Jan. 20, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County real estate registered its second-best total home sales year ever in 2022 and annual condo sales finished No. 2 all-time in Miami history, according to 2022 year-end and December 2022 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • Miami-Dade County real estate registered its second-best total home sales year ever in 2022 and annual condo sales finished No.
  • MIAMI, Jan. 20, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County real estate registered its second-best total home sales year ever in 2022 and annual condo sales finished No.
  • The Miami condo market played a significant role in the annual total sales figure as Miami had its second-biggest condo sales year ever in 2022.
  • When looking at monthly sales, Miami December 2022 sales decreased 48.2% year-over-year, from 3,433 to 1,779.

Miami Real Estate Records 4th Best Sales Year Ever; 11 Consecutive Years of Price Appreciation

Retrieved on: 
Wednesday, December 21, 2022
Newton, Aurora, Realtors Association of Hamilton-Burlington, Organization, National Association, REO, Fed, Motor vehicle, Miami-Dade County, Florida, YPN, NAR, Multiple listing service, Rapid transit, Partnership, Growth, Marketing, Nation, State, Weather, Work, Workforce, News, MLS, Calendar, Freddie Mac, New Yorkers, Florida Department, Florida Department of Highway Safety and Motor Vehicles, Statistics, Sale, Global studies, Housing, REO Motor Car Company, Real estate, Drug, Animal, Commercial property, Renewable energy, Citrus, Airline, Property management, National Association of Realtors, Citadel, Redfin

MIAMI, Dec. 21, 2022 /PRNewswire-PRWeb/ -- Miami-Dade County real estate has already posted the 4th best total home sales year ever and with another calendar month to go it is poised to end 2022 as its second-biggest sales year ever, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • Mortgage rates are more than doubled today, but November 2022 Miami sales remain near pre-pandemic sale totals despite today's higher prices and rates.
  • November 2019 (2,033 transactions) and November 2018 (2,081 sales) figures in Miami are not far from its November 2022 transactions.
  • Short sales and REOs accounted for 0.1% and 1.6% year-over-year, respectively, of total Miami sales in November 2022.
  • MIAMI REALTORS represents nearly 60,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage.

HeartCore Signs Fourth Go IPO Agreement with Metros Development Co.

Retrieved on: 
Wednesday, November 2, 2022
Marketing, Security (finance), Software, Software as a service, Rapid transit, U.S. Securities and Exchange Commission, Automation, IPO, Daou Technology Inc., GLOBE, Documentation, Pre-consultation Agreement (Japan), NASDAQ, Company, Mining, Solution, Nasdaq

NEW YORK and TOKYO, Nov. 02, 2022 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc., (HeartCore or the Company), a leading software development company, announced that it has signed an agreement with Metros Development Co., Ltd. (Metros Development), a Japanese corporation, for its Go IPO consulting service (Consulting Agreement).

Key Points: 
  • NEW YORK and TOKYO, Nov. 02, 2022 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc., (HeartCore or the Company), a leading software development company, announced that it has signed an agreement with Metros Development Co., Ltd. (Metros Development), a Japanese corporation, for its Go IPO consulting service (Consulting Agreement).
  • As part of the Consulting Agreement, HeartCore will assist Metros Development in its efforts to go public on the Nasdaq Stock Market (Nasdaq).
  • As compensation for its services, HeartCore expects to generate from Metros Development an aggregate of $500,000 in initial fees.
  • In addition, HeartCore has received a warrant to acquire 3% of Metros Developments common stock, on a fully diluted basis.

Miami August 2022 Home Sales Outperform Pre-Pandemic Totals; Single-Family Home Inventory Rises for Fourth Consecutive Month

Retrieved on: 
Wednesday, September 21, 2022
Citadel, Income, NAR, Realtors Association of Hamilton-Burlington, Workforce, Nation, Real estate, City, Sale, Multiple listing service, Miami Biltmore Hotel, International Transactions in Operational Research, Real, Organization, Contract, Growth, News, Partnership, REO Motor Car Company, No, Travel, State, Rapid transit, Federal funds, Bowman-Biltmore Hotels, Fed, Freddie Mac, MLS, Statistics, Association, Marketing, National Association, Congress, Conference, YPN, Comparison, REO, Housing, Citrus, Drug, Animal, Renewable energy, Airline, Property management, Auction, National Association of Realtors

MIAMI, Sept. 21, 2022 /PRNewswire-PRWeb/ -- Miami-Dade County total home sales outperformed its pre-pandemic totals as single-family home inventory rose for the fourth consecutive month in August 2022, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • MIAMI, Sept. 21, 2022 /PRNewswire-PRWeb/ -- Miami-Dade County total home sales outperformed its pre-pandemic totals as single-family home inventory rose for the fourth consecutive month in August 2022, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
  • Beating its pre-pandemic sales total with rising rates and low inventory illustrates the depth of demand for Miami real estate.
  • In August 2022, Miami sales were impacted by higher rates of 5-6% when contracts were established in May and June and lower inventory.
  • Miami Distressed Sales Remain Low, Reflecting Healthy Market
    Total Miami distressed sales increased negligibly in August 2022, from 45 to 48.

Railway System Market worth $30.9 billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, September 19, 2022
Well, Knowledge, ETA, GEM, ERTMS, Safety, Solution, Boxcar, Growth, Deutsche Bahn, Maintenance, European Rail Traffic Management System, Component, Government, USD, Locomotive, Investment, Federation, Intelligence, Region, SME, Rapid transit, Transport, ATO, ETCS, Research, European Train Control System, Hopper, Convention (norm), Rail transport, Marketing

Also, the government is promoting rapid transit in the country by increasing investments in their development would drive the railway system market.

Key Points: 
  • Also, the government is promoting rapid transit in the country by increasing investments in their development would drive the railway system market.
  • The European railways has advanced and well developed infrastructure for passenger transit due to which railway market is likely to experience steady growth which will drive Railway System Market in the region, whereas the North American market is more inclined toward freight transportation.
  • Factors such as initial investment and high overhaul and maintenance costs could hamper the growth of the railway system market.
  • With this investment, the country's rolling stock will be updated with new digital signaling technologies and advanced safety systems, which will further drive the German railway system market.

DGAP-News: The Grounds Real Estate Development AG acquires residential property with densification potential in Berlin-Lichtenberg

Retrieved on: 
Wednesday, August 31, 2022
Grounds, Rapid transit, Restaurant, Sale, Real estate

Berlin, 31.08.2022 The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) signed the purchase contract to acquire a residential property in Berlin-Lichtenberg yesterday.

Key Points: 
  • Berlin, 31.08.2022 The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) signed the purchase contract to acquire a residential property in Berlin-Lichtenberg yesterday.
  • The property also offers potential to create further residential units.
  • Another residential building with 23 residential units and a rentable area of approx.
  • Jacopo Mingazzini, a member of The Grounds Management Board, says: "The residential plot convinced us mainly due to its attractive location, existing densification potential and building rights that have already been created.