Today’s News Synopsis:

As brick-and-mortar retailers shut their doors and move out, e-Commerce companies are moving in…to their warehouses.  The latest S & P CoreLogic Case-Shiller Indices showed home prices were at a record high for the sixth straight month, having increased 5.6% in May.  From 2005-2015 the population increased for millennials, but now for that same age group the population is expected to decrease through 2025.

In The News:

Bloomberg – “Pickup in Confidence Shows Americans Upbeat on Jobs, Economy” (7-25-2017)

“A four-month high in U.S. consumer confidence reflects Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy, data from the New York-based Conference Board showed Tuesday.”

John Burns Real Estate Consulting – “Older Millennials Leaving the City” (7-25-2017)

“The top-grossing restaurant in the Philadelphia metro used to be a French bistro in ritzy Rittenhouse Square, but a suburban mini-chain is now hot on its heels”

S & P Case-Shiller – “The S&P CoreLogic Case-Shiller National Home Price NSA Index Sets All Time High For Sixth Consecutive Month” (7-25-2017)

“S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for May 2017 shows that home prices continued their rise across the country over the last 12 months.”

Forbes – “U.S. Census Troubles Threaten Future Real Estate Development” (7-25-2017)

“Budget uncertainty has always been a fact of life with the census, but watchdogs believe if additional funding is not allocated, it could have a disastrous impact on the count in three years, which will trickle down to negatively impact a myriad of industries dependent on census data — including commercial real estate”

Hiring Lab – “As Tech Hubs Tighten Their Grip, Where Is the Next Silicon Valley?” (7-25-2017)

“Is your city the next Silicon Valley? Many places would like to be, judging from the proliferation of Silicon thises-or-thats: Silicon Alley, Silicon Forest, Silicon Beach, Silicon Mountain and many others.”

New York Times – “U.S. Foresaw Better Return in Seizing Fannie and Freddie Profits” (7-25-2017)

“In August 2012, the federal government abruptly changed the terms of the bailout provided to Fannie Mae and Freddie Mac, the mortgage finance giants that had been devastated by the financial crisis. Instead of continuing to receive payments on the taxpayer assistance, Treasury officials decided to begin seizing all the profits both companies generated every quarter.”

The Real Deal – “Retail pain is industrial’s gain” (7-25-2017)

“Every day in Los Angeles, countless packages are placed on Angelenos’ doorsteps. Inside, there’s a new pair of shoes, an emergency supply of diapers or that night’s dinner, ingredients portioned out for easy preparation.”

Realtor.com – “What Is a Lanai?  An Exotic Home Feature That’ll Make Your Summer” (7-25-2017)

“What is a lanai? The term, Hawaiian in origin, describes an open-air porch that’s furnished for comfort, with couches, ceiling fans, and—on the design side—tropical flair.”