US Home Price Index Pace Continues Deceleration

first_img in Daily Dose, Data, Headlines, News Home Prices S&P/Case Shiller Home Price Indices 2014-12-30 Seth Welborn U.S. Home Price Index Pace Continues Deceleration Home prices in the U.S. increased at a slower pace in October than in September, although eight cities experienced growth at a faster rate, according to the latest S&P/Case-Shiller Home Price Index released by S&P/Dow Jones Indices on Tuesday.The rate of home price growth eased for both the 10- and 20-city composite indices year-over-year in October compared to September. The 10-city composite gained 4.4 percent year-over-year in October, compared to 4.7 in September, while the 20-city composite experienced a 4.5 percent year-over-year gain in October – down from 4.8 percent in September. The national index, which covers all nine U.S. census divisions, saw a year-over-year gain of 4.6 percent in October compared to 4.8 percent in September.Eight cities out of the 20-city composite, however, scored higher year-over-year gains than the average for the composite, led by Miami (9.5 percent) and San Francisco (9.1 percent). Las Vegas had the lowest annual return in October with a decline of 1.2 percent.Both composite indices experienced slight month-over-month declines in home prices (0.1 percent) from September to October for the second straight month while the national index saw a decrease of 0.2 percent. The two cities with the largest month-over-month increases in October were San Francisco and Tampa at 0.8 percent each while Chicago and Cleveland had the largest declines for the month at 1.0 percent and 0.7 percent, respectively.Ten cities out of the 20-city composite reported lower month-over-month percentages, while eight cities reported increases from September to October. Two cities, Detroit and San Diego, reported no month-over-month change. The city with the largest month-over-month increase in home prices was San Francisco (0.8 percent).”After a long period when home prices rose, but at a slower pace with each passing month, we are seeing hints that prices could end 2014 on a strong note and accelerate into 2015,” said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Two months ago, all 20 cities were experiencing weakening annual price increases. Last month, 18 experienced weakness. This time, 12 cities had weaker annual price growth, but eight saw the pace of price gains pick up. Seasonally adjusted, all 20 cities had higher prices than a month ago.”Blitzer noted that while most economic reports for November and early December have generally been positive, most housing industry statistics for that period have not been.”Third quarter GDP was revised to 5 percent real growth at annual rates, and unemployment was at 5.8 percent as payrolls added over 300,000 jobs in November,” Blitzer said. “Housing was somber: housing starts pulled back 1.6 percent, existing home sales were at 4.93 million, down 6.1 percent, and new home sales were 438,000, down 1.6 percent, all in November.”center_img December 30, 2014 615 Views Sharelast_img read more

LOS ANGELES Reported by Elite Traveler this priv

first_imgLOS ANGELES- Reported by Elite Traveler, this private jet lifestyle magazineThe Salviatino Collection is pleased to announce its newest property, Palazzo Victoria. The five-star hotel is located within the Roman walls of Verona and is the sister property to Il Salviatino, a luxurious restored 15th century villa in Florence.Palazzo Victoria opened its doors on March 22, 2012 in Verona’s historic quarter, introducing a new type of luxury to the celebrated destination. The hotel is located centrally on Corso Porta Borsari with 71 accommodations ranging from Deluxe rooms to iconic Victoria Suites.Built on carefully preserved Medieval and Roman ruins featured throughout the public areas and rooms, Palazzo Victoria effortlessly blends rich heritage, seamless service, sophisticated technology and bespoke amenities.Rooms and suites are generously proportioned with dramatic high ceilings, charming wrap around iron balconies, in-room antiquities, and original Veronese décor. From traditional shutters, original frescoes, textile wallpapers, mahogany furniture and hand made linens, Palazzo Victoria represents the very best of Italian culture and luxury living.The hotel features an internal garden complete with columns and courtyard furniture, affording plenty of natural light and an al-fresco ambience. A conference room accommodates 70 people theatre-style and doubles as a museum of ancient ruins, while a vibrant Lobby Louge offers a Bar and Café, Wine Bar, Champagnerie and relaxation area. This is the perfect spot to people watch or unwind with a glass of wine after a busy day on the town.In a region rich with local cuisine, Palazzo Victoria’s dining concept is simple and encourages guests to explore the city’s gastronomy. Overseen by The Salviatino Collection’s Executive Chef Carmine Caló, the hotel will offer brasserie style dining throughout the day including a menu of traditional homemade Italian cuisine with fresh and seasonal produce. Al fresco dining is available in the hotel’s beautiful courtyard which is also accessible direct from the main shopping street. This oasis is great for those wishing to soak up the vibrant atmosphere and Mediterranean aromas.Verona served as the setting for Shakespearean tales, and it is easy to see why. The charming city centre is steeped in history, haute couture and is a hub for traditional and fusion cuisine. Nestled in Northern Italy, Verona is the ideal ’48 hour’ destination and a perfect pilgrimage for romantics and culture creatures alike. Alternatively, the city – which is a little over an hour from both Milan and Venice – makes a fantastic base for exploring the neighbouring regions, including wine-tasting in Valpolicella, sailing on Lake Garda, or skiing in the Dolomites. In the city where Romeo met Juliet, anything can happen.www.salviatinocollection.comlast_img read more