Archive for July, 2005
Chinese Yuan Rise Against Dollar
Friday, July 22nd, 2005Officials at the Chinese Central Bank announced the drop of its current peg on exchange rate. A small appreciation of 2% by Yuan/RMB against was put into effect by July, 21, 2005.
Many economists suggest that the appreciation of Chinese RMB will gradually push up the long term interest rate in the US, which would [...]
Wall Street Journal Interactive Map on Housing Markets
Thursday, July 21st, 2005A very informative (albeit with limited locations / cities) real estate map on housing price appreciation and employment rate etc.
See it for yourself: Wall Street Journal Interactive Map on Housing Markets
Commercial Real Estate Pickup But No Sizzles
Tuesday, July 12th, 2005The Wall Street Journal reports a growingly healthier commercial real estate market, but no bubble yet:
“The national vacancy rate dropped to 15.4% in the second quarter from 15.9% in the first quarter, according to the survey of the top 67 U.S. office markets by Reis Inc., a New York-based real-estate research firm. Rents jumped 0.7% [...]
Las Vegas Adds a School per month Amid Housing Boom
Monday, July 11th, 2005This is truely some exciting time for Las Vegas residents and government officials. Property tax revenue at Clark County, Nevada, home to Las Vegas has increased dramatically in the current housing boom, even after tax cap was introduced.
According to County Treasurer Laura Fitzpatrick, Clark County is currently building about one new school a month [...]
