Wells Fargo Reports: Existing Home Sales Rise Again in October

Existing home sales rose 1.5 percent in October to a 5.26 million rate from an upwardly-revised 5.18 million unit pace in September. In typical cyclical fashion, listed inventories fell 2.6 percent to 2.22 million units.

Existing Home Sales Rise for Second-Straight Month

  •  Sales activity in the resale market continued to strengthen in October, increasing to its highest level this year. Distressed sales remained low in October, garnering just 9 percent of total sales. Despite fewer bargain homes in the market, all-cash transactions rose 3 percentage points to 27 percent in October. The share of first-time home buyers remained stuck at 29 percent for the fourth month in a row.

Mortgage Purchase Applications Firming

  •  Mortgage applications for the purchase of a home rose for the second-straight week in November following a string of weak readings in mid- to late October. For the week ending November 14, purchase applications hit its highest level since June. Normalization in lending standards and further strengthening in the labor market will be key drivers to an even more robust housing market in 2015.

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EarthCam: Official Construction Time-Lapse Available for SF-Oakland Bay Bridge Anniversary

This is a spectacular time-lapse viewing of the construction of the San Francisco-Oakland Bay Bridge. It’s five years, 42,000 hours condensed into minutes.

EarthCam’s Time-Lapse Documents San Francisco-Oakland Bay Bridge Construction

WHAT: Today marks 78 years since the San Francisco-Oakland Bay Bridge opened to traffic. During the Bay Bridge East Span Replacement from 2008-2013, EarthCam documented more than 42,000 hours of construction and archived nearly 2 million images.

WHY: On November 12, 1936, the first cars drove over the bridge and now nearly 250,000 vehicles cross it every day. During the East Span Replacement project, workers constructed a safer, more durable structure. Watch five years of work on the $6.4 billion bridge come together in four minutes with EarthCam’s official time-lapse!

HOW: See five years of construction and nearly two million images of the San Francisco-Oakland Bay Bridge project with EarthCam’s time-lapse: https://www.youtube.com/watch?v=GDUIYZKlknk.

EarthCam’s Time-Lapse Documents San Francisco-Oakland Bay Bridge Construction

WHAT: Today marks 78 years since the San Francisco-Oakland Bay Bridge opened to traffic. During the Bay Bridge East Span Replacement from 2008-2013, EarthCam documented more than 42,000 hours of construction and archived nearly 2 million images.

WHY: On November 12, 1936, the first cars drove over the bridge and now nearly 250,000 vehicles cross it every day. During the East Span Replacement project, workers constructed a safer, more durable structure. Watch five years of work on the $6.4 billion bridge come together in four minutes with EarthCam’s official time-lapse!

HOW: See five years of construction and nearly two million images of the San Francisco-Oakland Bay Bridge project with EarthCam’s time-lapse: https://www.youtube.com/watch?v=GDUIYZKlknk.

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ABOUT EARTHCAM

EarthCam is the global leader in delivering webcam content, technology and services. Founded in 1996, EarthCam provides live streaming video and time-lapse construction cameras for corporate and government clients in major cities around the world. EarthCam’s revolutionary gigapixel camera systems deliver superior billion pixel clarity for monitoring and archiving the world’s most important projects and events. Most recently, EarthCam launched ConstructionCamTV, a new 24-hour “TV channel” devoted to live construction cameras and educational time-lapse movies. In 2013, EarthCam’s technology documented more than $120,000,000,000 of construction work.

Projects documented by EarthCam include: National September 11 Memorial & Museum, Barclays Center, San Francisco-Oakland Bay Bridge, Statue of Liberty and Washington Monument Restoration, New NY Bridge, Panama Canal Expansion, Smithsonian Institution Restoration, Brickell City Centre, Minnesota Vikings Stadium, Disneyland, Los Angeles International Airport, Denver Station, George W. Bush Presidential Center, Whitney Museum of American Art, Louvre in Abu Dhabi, Levi’s Stadium and National Museum of African American History and Culture.

Learn more about EarthCam’s innovative solutions at www.earthcam.net.

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