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Why West Coast home prices are surging

Why West Coast home prices are surging

Finance
Why home prices are on a tear Housing markets out west are on fire. Prices are rising, supply is tight and competition among buyers is fierce. That's all good news for homeowners. Not so much for buyers. Home prices have risen faster than wages in many cities, creating an affordability issues for buyers — especially first timers. "Everything from the Rocky Mountain states and west from there are doing much better than the rest of the country and it's been like that quite consistently," said Lawrence Yun, chief economist at the National Association of Realtors. Seattle, Las Vegas and San Francisco are leading the way with annual double-digit home price gains in March, according to the latest S&P CoreLogic Case-Shiller Indices. Nationwide, price rose 6.5...

Eight Geopolitical Risks That Could Send Oil Prices Surging

Finance
[unable to retrieve full-text content]The geopolitical risk premium has taken center stage as one of the key drivers of oil prices in recent months, often trumping fundamentals to send prices soaring on concerns about where the next sudden oil supply disruption would come from. In recent weeks, a perfect storm of nearly erased global oil glut and Latest Articles in
Pain at the pump: Gas prices hit three-year high and are expected to keep rising

Pain at the pump: Gas prices hit three-year high and are expected to keep rising

Finance
Buckle up, America. Gas prices have a hit a level not seen in three years and are expected to continue their upward trajectory.The national average for a gallon of gas reached $ 2.82 this week, a level not seen since summer 2015, according to online gas station database GasBuddy.com.Californians are paying the most: $ 3.61 per gallon. By contrast, Oklahoma has the lowest state average, at about $ 2.50.While gas prices typically head higher every spring due to increased driving demand, the current average is 48 cents more per gallon — an increase of about 20.5 percent — than the $ 2.34 consumers paid a year ago before prices inched downward. For most of summer 2017, the average price hovered around $ 2.30 or trended lower.The summer months will likely bring even higher prices."While it won'
Home prices are on an epic run

Home prices are on an epic run

Finance
How to save $ 1,000 this yearHome sellers are partying like it's 2006. Real estate prices posted an annual gain of 6.3% in February, according to the latest S&P CoreLogic Case-Shiller Indices. On a national level, home prices are up 6.7% from their peak in July 2006, and have been rising continuously for the past 70 months. "It's getting increasingly difficult to be a buyer," said Keith Gumbinger, vice president of HSH.com. Home buyers in Seattle, Las Vegas and San Francisco are facing the biggest gains. Seattle prices rose the most with a 12.7% year-over-year price increase, while Las Vegas prices jumped 11.6%. But so far exploding price increases haven't stopped home buyers. Homes are still flying off the shelves. For instance, the typical property in Seattle spent 29 days on th...
House prices soar as Ireland's economy booms

House prices soar as Ireland's economy booms

Business
Ireland's economy is booming and so too are its house prices.In some parts of the country the property market is among the fastest growing in the world, with valuations almost as high as they were during the "Celtic Tiger".But what some see as a boom, others view as a crisis - with many simply unable to get on the property ladder.The statistics are certainly sobering.Nationally house prices have risen by nearly 72% from their low point five years ago.In Dublin they have gone up a staggering 88%, that's on average by £130,000.Image:Sivakumar Ramachandran queued with dozens of others for a week to a claim a new build houseThe increase has placed incredible demand on buyers, many desperate to get a home before they become unaffordable.Among them Sivakumar Ramachandran who queued with dozens o