Tag Archives: city

CoreLogic: Most Cities Shortlisted for Amazon’s Second Headquarters Are Already “Hot” Housing Markets

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More Than Half of Potential Cities Have “Overvalued” Housing Markets

Irvine, CA – January 18, 2018 (BUSINESS WIRE) CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today revealed its analysis of the housing economy in cities* being considered for Amazon’s “second headquarters” location.

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CoreLogic monitors the health of the housing economy through historic home price changes and other market conditions including sustainability of prices in the market, referred to as the CoreLogic Market Condition Indicators (MCI). The MCI analysis defines an overvalued housing market as one in which home prices are at least 10 percent higher than the long-term, sustainable level, while an undervalued housing market is one in which home prices are at least 10 percent below the sustainable level.

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“As leaders at Amazon continue to narrow their location choices, the housing situation is an important consideration,” said Dr. Frank Nothaft, chief economist for CoreLogic. “Some of the contenders have home price increases that are trending higher than the national average of 6 percent. Denver and Nashville lead the pack with home price increases at more that 8 percent, but CoreLogic research indicates that these markets are overvalued right now. Adding a job creator like Amazon would add further housing demand and upward pressure to housing costs.”

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.

Contacts

CoreLogic
For real estate industry and trade media:
Bill Campbell
(212) 995-8057
bill@campbelllewis.com

or

For general news media:
Alyson Austin
(949) 214-1414
alaustin@corelogic.com

The Most Hashtagged Cities On Instagram

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Source: Statista

Instagram has become a huge hit with travelers around the world and London has dethroned New York as the most hashtagged city in a recent report. According to “Hashtag the World“, London had 88.87 million hashtagged posts in 2017, a growth rate of 38 percent. The average number of hashtagged posts in London every day is 59,850.

It just about beat the Big Apple which has now fallen into second position with 88.51 million #NYC posts. On a daily basis, the post count averages 50,549. Paris rounds off the top three with 75 million posts in total. Even though Los Angeles was further down the list in seventh place, it did record the fastest growth rate of any city with its post count rising 54 percent.

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Smart Cities: How Technology Will Change Our Buildings

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Since founding OVG Real Estate in 1997, Coen van Oostrom (1970), entrepreneur and a champion of sustainability and smart technology in real estate, built the company into the largest commercial property developer and investor in the Netherlands and one of the largest in Europe. OVG is recognized for its sustainable development and innovations in the real estate sector by many international parties and received international prizes like the Corenet Sustainable Leadership Award and the H. Bruce Russel Global Innovator’s Award. OVG’s most recent development The Edge in Amsterdam is recently recognized as the ‘most sustainable office building in the world’ according to BREEAM.

Coen aspires for OVG to be game-changers in the real estate industry by challenging perceptions of what is possible in the built-environment.