Business News

Real Estate Listings Fall

The Standard & Poor's/Case-Shiller home price index rose 5.5% in the 12 months ending in October. Rising demand, however, hasn't been met with an increase in sales listings, causing prices to rise much faster than inflation or wages this year. Gains have been uneven. San Francisco, Denver and Portland led with an annual increase of 10.9%. The index remains 11.5% below its peak in July 2006. The National Association of Realtors says home sales are on track to rise roughly 5% in 2015.  Limited supply is pushing up prices. The number of listings has dropped 1.9% from a year ago. (AP)
The increasing returns on short-term bonds is outpacing that of long-term bonds. This has led to a flattening yield curve. On the short-term side of the yield curve, rates climbed.  Long-term bonds, like the U.S. 10-year and the U.S. 30-year note,  have not seen a similar move, as inflation remains muted. This narrowing difference between short-term and long-term Treasury yields could be signaling market volatility. (CNBC)
Portland based Lattice Semiconductor will pay a $5000 state civil penalty after tossing personal information of 145 current and former employees in a public landfill. It tossed a file cabinet that contained some employees' I-9 forms into an unsecured landfill during an office move. (Oregonian)

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