Apartment City

Home sales across Metro Vancouver dipped in July, bringing market activity down to levels typically seen in the summer months, but the benchmark price for all property types reached a new high, according to the Real Estate Board of Greater Vancouver (REBGV). The benchmark price, when looking at all home types, exceeded $1 million for the first time ever last month, reaching $1,019,400 – a 2.1% increase compared with June and an 8.7% jump compared with July 2016. A total of 2, 960 homes changed hands last month, which is an 8.2% decrease compared with 3,226 homes sold in July 2016. It is also down 24% compared with June 2017 in which 3,893 sales were registered. Last month’s sales were 0.7% above the 10- year sales average for the month of July. REBGV president Jill Oudil said demand is inconsistent across Metro Vancouver . “Pockets of the market are still receiving multiple offers , and others are not,” she said. “It depends on price, property type and location. “For example, it...

The Howard Hughes Corporation (NYSE:HHC) Q2 2017 Earnings Conference Call August 8, 2017, 10:00 AM ET Executives David Striph - Executive Vice President , Investor Relations David Weinreb - Chief Executive Officer Grant Herlitz - President David O’Reilly - Chief Financial Officer Peter Riley - General Counsel Analysts Alexander Goldfarb - Sandler O’Neill Robert Majek - CJS Securities Will Randall - Citigroup Waheed Khorsand - BWS Financial Alex Barron - Housing Research Center Steve Shaw - Compass Point Operator Good morning. And welcome to The Howard Hughes Corporation Second Quarter 2017 Earnings Conference Call . All participants will be in a listen-only mode. [ Operator Instructions ] After today’s presentation, there will be an opportunity to ask questions. [ Operator Instructions ] Please note, this event is being recorded. I would now like to turn the conference over to David Striph, Executive Vice President , Investor Relations . Please go ahead. David Striph Good morning. A...

RENO, Nev. (AP) — It's a journey that most people eventually take. Fifteen years ago , Anne Carte decided to leave the familiar comforts of home and family to move out on her own. For Carte, who was 20 years old at the time, moving to the Biggest Little City from San Jose, California, represented an exciting and crucial juncture in her life. "I moved to Reno to grow up and be an adult," Carte said. The year 2002 had its fair share of memorable moments. That same year, "Star Wars: Episode II" debuted in theaters, Tiger Woods won the 66th Masters Tournament and "American Idol" premiered on television. One thing Carte specifically remembers was the cost of rent. Back then, the monthly rate for Carte's first studio in Sparks was only $495. For a young person who just moved out of home and landed an entry-level job at Target, an affordable place to stay was not a luxury. It was a b...