Commercial Real Estate & Business News July 5, 2018

SAN FRANCISCO-Home building professionals from across the country convened in Moscone Center last week at PCBC 2018, the largest annual homebuilding trade show in the Western United States. Along with educational sessions and new events, numerous speakers and more than 350 exhibitors were on hand…»
Mortgage rates hit their highest point in seven years last month, and home prices have jumped 6.5% since mid-2017. On the West Coast, many cities are seeing double-digit gains in home appreciation. But somehow, home buying isn’t slowing down. In fact, according to the most recent Ellie Mae Origination Insight Report, purchase loans were at their highest share since 2014 in April…»
CHICAGO-Talk of a flattening yield curve and what it portends for a recession has been increasing. The most notable example came a week ago when The New York Times pointed out that the last time the gap between two-year and 10-year US Treasury notes was roughly 0.34 percentage points was in 2007…»
Though Inc. is just getting under way with its Amazon Go stores, a new study finds that U.S. grocery shoppers are open to the cashierless retail concept. Nearly 75% of 1,000 U.S. consumers polled by marketing firm Digital Third Coast for Schorr Packaging Corp. said they would be “extremely likely” or “very likely” to shop at an Amazon Go store if one opened nearby…»
Ten more Sears and Kmart stores have been added to the growing list of locations slated for closure, a move that represents another step in the diminishment of what were once two of the nation’s most prominent shopping chains.  Sears Holdings, which owns both chains, said it informed employees Thursday that it would be shuttering nine Sears…»