Real Estate News 9.5.14

1.How Your Neighbors Can Help — or Hurt — Your Home’s Sale
“When preparing to sell your home, you probably spend a lot of time and energy getting it in its best showing condition. But can improvements to your neighbor’s property help sell your home?”

2.US Job Growth Slows to 142K, Fewest in 8 Months
“U.S. employers added the fewest jobs in eight months in August, snapping a streak of robust gains and surprising analysts because recent reports had suggested that the economy was steadily improving.”

3.August Jobs Numbers Disappoint
“August jobs numbers fell below expectations as the economy added 142,000 new jobs last month, falling below the 200,000 projected. It is the first time in seven months that the U.S. economy has failed to add at least 200,000 jobs in a given month, and far below the 12-month average of 212,000. The unemployment rate fell slightly to 6.1 percent, while total long-term unemployed declined by 192,000.”

4.Will crowdfunding change real estate investing in Oakland?
“In Oakland and many other cities hit hard by the foreclosure crisis, investors swooped in with bags of cash and scooped up distressed properties to rehab and flip. Much of this investment came from foreign nationals and large US corporations such as Blackstone Group (which spent $8 billion gobbling up 43,000 properties in the past two years, according to Bloomberg). A real estate crowdfunding startup based in San Francisco aims to change the face of those investors.”

5.Look past the weak jobs report
“The U.S. economy continues to heal, albeit slowly. Of course, Friday’s jobs report, which showed a gain of just 142,000 jobs in August, was surprisingly weak. But this tepid recovery is not a straight line up; three steps forward, two steps back”

TonyAlvarez.com

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