California Home Sales in August Uptick 8.6%, Median Price Now Highest in 2011

According to the California Association of Realtors (CAR), California home sales posted an increase from both the previous month and previous year in August, while the median home price rose to its highest level this year. Closed escrow sales of existing, single-family detached homes
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U.S. Has Zero Job Growth in August, Not Happened Since 1945

And the beat goes on with lack-luster U.S. job growth in August. The U.S. Bureau of Labor Statistics reported today that nonfarm payroll employment was unchanged (0% change) in August, and the unemployment rate held at 9.1 percent. The last time this occurred was in World War II (1945
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CoStar’s People of Note (August 21-27)

This week’s People of Note includes the following markets: Atlanta, Boston, Chicago, Dallas/Fort Worth, Los Angeles, New York, Northern New Jersey, Philadelphia and Retail. DALLAS/FORT WORTH Four Tenant Rep Brokers Join Cassidy Turley in Dallas By CoStar Research Four brokers ha
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CoStar’s People of Note (August 14-20)

This week’s People of Note includes the following markets: Baltimore, Charlotte, Chicago, Inland Empire, Los Angeles and Retail. CHARLOTTE Lomax To Head Operations for CBRE in Charlotte Henry C. Lomax Jr. joined CB Richard Ellis Group (NYSE:CBG) to oversee its operations in Char
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Builder Confidence Index Remains Flat in August, Despite U.S. Market Uncertainty

David Crowe Based on the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August, builder confidence in the market for newly built, single-family homes held unchanged at a low level of 15. “Builders continue to confront the same major chall
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CoStar’s People of Note (August 6-13)

This week’s People of Note includes the following markets: Atlanta, Baltimore, Denver, National, New York City and Washington, DC. NATIONAL CBRE Names President of New Central Division By Steven Burlison CB Richard Ellis Group promoted Jack Durburg (pictured, left) to president
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