Month: October 2016

Charlotte-area home prices rise 7.1% in May

Published / by jiukuaiy

Charlotte-area yearly home price gains slowed in May for the first time in 11 months – a sign that the local housing market might be cooling off.

The closely watched Standard & Poor’s Case-Shiller indexes, released Tuesday, showed prices of existing Charlotte homes increased 7.1 percent from a year ago, down from April’s year-over-year increase of 7.3 percent.

On a national level, average home prices have returned to spring 2004 levels, according to Case-Shiller. Across 20 U.S. cities, May home prices rose 12.2 percent, their largest yearly increase since March 2006, but remain about 25 percent below June-July 2006 peaks.

While the data show the local and national housing sector is healthier than during the depths of the downturn, David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said U.S. home price growth isn’t expected to stay at current levels.

“I don’t think we’re going to sustain double-digit annual rates of increase over the long haul,” he said in a phone interview. “Over the next year to year and a half, the rate of increase is going to slow down for almost all the cities.”

In Charlotte, home prices have been rising as inventory shrinks and brokers report some listings resulting in competing bids. A year ago, Charlotte brokers say, competing bids would have been virtually unheard of.

Existing Charlotte-area homes are also selling faster than they were a year ago, according to the Charlotte Regional Realtor Association. In June, it took 93 days on average for a home to sell, a decline of 16 percent from June 2012.

Despite signs of a strengthening market, some Charlotte sellers have had to lower prices this summer after failing to attract buyers.

Such reductions are helping to keep price increases in check.

Mark DuPont, 68, listed his home in the Downs Grant neighborhood for $247,500 July 6, but has since slashed that to $237,500.

“It was way overpriced for the area,” DuPont said Tuesday. “I really thought I would get more interest than I did.”

After lowering the price and putting the home on the local multiple listing service, he’s getting more inquiries, he said. Since last week, there have been five showings but no offers, he said.

“I think it will sell,” he said.

Holly Corbit also had to lower the price of the Cameron Wood home she owns with her husband. The couple listed it June 2 at $230,000 after putting in new appliances and making other upgrades to the home, which was built in 1988.

“We thought we were competitively priced within our neighborhood,” she said.

They received no offers and, worried that there would be less interest in buying homes after the summer ends, put it on the multiple listing service and dropped the price to $215,000.

“We were concerned about bringing it down significantly,” she said. “But we said, ‘Well, we’ve got to get offers.’ ”

About four days later, a flurry came in, she said. The house is now under contract.

As to why the home didn’t sell at $230,000, she speculated that buyers are still trying to find a bargain.

“They’re just trying to chisel down as low as they can go,” she said.

Rising mortgage rates

Rising mortgage rates are also creating uncertainty about the housing market. According to Freddie Mac, the government-controlled mortgage-finance company, the average rate for a 30-year, fixed-rate mortgage in July is 4.37, up from 3.55 the same month last year.

On Monday, the National Association of Realtors’ chief economist said its index of pending sales dropped 0.4 percent in June from May. Lawrence Yun, the association’s economist, blamed higher mortgage rates and lower inventory of homes for sale.

In Charlotte, monthly price gains tapped on the brakes in May, according to Case-Shiller, which does not track sales of newly built homes in its indexes.

Prices rose only 0.1 percent from the month before, after a 1 percent increase from March to April.

The same trend took place in the U.S. Across the 20 cities, May prices rose 2.4 percent from April, down from a 2.6 percent rise from March to April.

Blitzer, of Case-Shiller, said the decline was not significant.

As mortgage rates go up, he said, “that will dampen housing.”

But the housing industry won’t “fall off a cliff” as a result, he said.

“It’s likely to be much more gradual. If past patterns are any indication, a lot of people will shift from fixed-rate loans to adjustable-rate loans. I don’t see any reason why we wouldn’t see it again.”

Dunkin Donut South Korea Cronut Bulk Production

Published / by jiukuaiy

Jakarta – Fever cronut was not only struck the citizens of New York City and the United States in general. The pastry lovers in co-infected Asiapun fond of croissants and donuts this marriage, to the extent that Dunkin Donuts South Korea cronut create his own version.

Cronut created by Dominique Ansel Bakery in NYC last May is now widely imitated, including in Japan, the Philippines, Australia, Spain, China, and England. Including in Indonesia. However, because it has made Ansel cronut trademark, they use a different name. Examples are ‘dosant’ in London, England.

Most imitators is a small bakery, bakery. However, in South Korea, cronut recipe adapted by Dunkin Donuts. Pastry called ‘New York Pie Donut’ is on sale in the elite area of ​​Jamsil and Gangnam and Myeongdong.

In South Korea, featuring the image of a Dunkin Donuts donut cafe a la western elite and exotic. As in NYC, Seoul citizens are also willing to queue length in order to try cronut this imitation. Pembelianpun pastry limited to two per person.

Previously, Dunkin Donuts has launched ‘Donut Croissant’ in Manila, Philippines a few weeks ago. However, this global network donut cafe not plan to introduce it in America, the country of origin cronut.

Lenovo embraces 10.5% PC Market Indonesia

Published / by jiukuaiy

JAKARTA – Despite some predictions stating the market share of personal computers (PCs) will be eroded as the onslaught of tablets and smartphones, but Lenovo still showing significant growth. Company, received double-digit market share for the first time in Indonesia.

According to IDC Asia Pacific, Lenovo grabbed a market share of 10.5 percent in the first quarter of 2013 (April-June). This shows that the company recorded a growth of 4.3 percent from year to year.

“Indonesia is a key to our market. Because the new computer penetration five percent, and its market is still huge. Many Indonesian people are accessing the Internet from mobile phones and even still go to internet cafes (cafe),” said Chief Operational Officer of Lenovo Indonesia Sandy Lumi

Regarding the position of the other PC vendor Lenovo, Country General Manager Lenovo Indonesia Rajesh Thadani explained, there are five vendors that play in the realm of PCs globally, the Levono with 16.7 percent market share, Hewlett-Packard (HP) 16 per cent, 12 per cent of Dell , Acer 8 percent, 6 percent and Asus.

“Lenovo is the market leader in the realm of PCs globally and we will continue to innovate, and launch a variety of strategies to improve growth,” said Thadani.

Then, in addition to aggressive in PCs, Lenovo will also continue to expand into the realm of PC +. Based on reports fiscal ended March 2013, the company grabbed 5.9 percent market share for ‘Smart Connected Devices’.

“Lenovo is currently the number two smartphone manufacturers in China, as well as tablets, the PC market in the world big enough +. Inevitably, 10 percent of our revenue comes from smartphones,” said Thadani.

In Indonesia alone, Lumi calls, PC sales reached 5.5 million units, 11 million smartphones, and tablets 2.9 million per year. “Smartphones grew 10 percent and in the next two years is projected to surpass sales of tablet PCs,” said Lumi.

“Market + PC as large as the PC. Due to the large number of people in Indonesia. Yet again the majority of them are still using feature phones and smartphones will be moving to. Even though with tablets,” said Lumi.

Brand choice
Not just grabbed the biggest market share as a PC manufacturer, Lenovo has also managed to become the brand of choice.

Launched various marketing activities to make consumers consider using a product made by Lenovo. As of May / June 2012, Lenovo grew from 8 percent menjadu 20 percent in the same period in 2013. As a result, the ranks had been pushed up to 8 managed to position 4.

Come Enjoy Good EMC Indonesia Industrial Properties

Published / by jiukuaiy

Industrial properties are very excited. Many buildings, malls, apartments and housing built everywhere.

Passion that turns a positive impact on EMC storage players. For the second quarter of this year, EMC has also enjoyed the delicious Indonesian property industry.

“One of the significant business (growth) is not in the leading sectors such as telecommunications and banking, but the property industry is hot. Many transactions. Also in the financial and telecommunications industries, “said Adi Rusli (Country Manager, EMC Indonesia) on the achievement of the company ahead of time to break the fast together in Jakarta yesterday (07/30/2013).

Adi insisted, EMC revenue spearhead Indonesia remains the financial and telecommunications sectors. “But there is a rising industrial properties (growth) with demand virtualization to cloud storage consolidation,” he explained.

Compared to the first quarter of this year, said Adi, EMC’s total revenue in the country grew by 8.2%. “It should be bigger,” said Adi. Greater constraints on growth, he said, is not economic factors. “But because many projects are backed up to the third quarter. Usually January to July slowed somewhat, “he explained.

For storage business, said Adi, achieving EMC in the first half of 2013 grew 24% compared to the same period last year. While in total, EMC revenue in Indonesia for the first half of this year grew 25.4% compared to the first half of 2012.

Citing data from research institutions IDC for the first quarter of 2013, Adi mentioned that the EMC is now sitting in third. “In Indonesia, EMC is not number one,” he admitted. “But there is a significant growth. First, four years ago, EMC no ranking (in Indonesia), “he explained.

Currently, there are about EMC focuses on the business of big data, cloud and security. EMC’s business is divided into the field of storage, virtualization and Pivotal (big data). Confused what is Pivotal? Pivotal is a new platform, where all the virtualized infrastructure and presented as a service (service) and complete control through software. Pivotal is a new business entity EMC, the EMC’s ownership of 60%, 20% and 10% GE VMware.