In Case You Missed It: Week of June 12 – 17
Rents top list of fastest-rising prices; inflation firms up; check out the Manhattan skyline in 2020.
U.S. Inflation Firms Amid Rising Gas Prices, Rents
The Wall Street Journal – June 16, 2016
“U.S. inflation continued to firm last month as higher gasoline prices and rapidly rising rents more than offset a drop in grocery prices.”
Rents now top list of fastest-rising prices
Yahoo Finance – June 16, 2016
“The latest sign came from the government’s monthly report on the consumer price index, which breaks out the change in cost of major spending categories. Last month, for the second month in a row, the annual rise in rental income approached 4 percent, nearly four times the overall inflation rate of just 1 percent for the last 12 months.”
The Most Walkable Metros With the Highest Rent Premiums
Multifamily Executive – June 15, 2016
“The nation’s 30 largest metros consist of 619 regional “walkable urban places” (WalkUPs), defined as a development with substantially higher density, mixed-use real estate products, emerging and new product types, and a variety of transportation options. WalkUPs are seeing high demand for real estate development—and rent premiums along with it—according to the Foot Traffic Ahead 2016 report released this week.”
Putting the US economy into perspective by comparing state GDPs to entire countries
EconomicBlogs.org – June 11, 2016
“It’s pretty amazing how ridiculously large the US economy is, and the map above helps put America’s GDP of $18 trillion in 2015 into perspective by comparing the GDP of US states to other country’s entire national GDP.”
Check Out the Manhattan Skyline in 2020! New Development Sales to Hit $8.4B This Year
6sqft – June 11, 2016
“As part of their Manhattan New Development Report, CityRealty has released a trio of skyline renderings that show how the city will appear in 2020 — looking south from the Lower East Side, north from the tip of the island, and of course, down on Central Park South’s Billionaires’ Row.”
Cartoon of the Day: An Update On Global Bond Yields
HedgeEye – June 14, 2016
And now for something completely different…
Microsoft Buys LinkedIn for $26.2 Billion, Reasserting Its Muscle
DealBook – The New York Times – June 13, 2016
“The software giant said Monday morning that it would acquire LinkedIn in a $26.2 billion cash deal. The acquisition, by far the largest in Microsoft’s history, unites two companies in different businesses: one a big maker of software tools, the other the largest business-oriented social networking site, with more than 400 million members globally.”