Home prices in Savannah increase
Home prices in Savannah, including distressed sales, increased by 6.9 percent in November compared to the same month in 2013, according to CoreLogic, an international property information firm.
On a month-over-month basis, local home prices, including distressed sales, decreased by 0.5 percent in November compared to October.
Excluding distressed sales, year-over-year prices increased by 4.6 percent in November 2014 compared to November 2013. On a month-over-month basis, excluding distressed sales, the CoreLogic HPI indicates home prices decreased by 0.5 percent in November 2014 compared to October 2014.
Home prices nationwide, including distressed sales, increased 5.5 percent in November compared to November 2013. This marks 33 months of consecutive year-over-year increases in national home prices.
At the state level, including distressed sales, all states and the District of Columbia showed year-over-year home price appreciation in November.
Chamber to hold economic outlook luncheon
The Savannah Area Chamber of Commerce will have its annual Economic Outlook Luncheon at noon Wednesday, Jan. 14, at the Savannah International Trade & Convention Center.
At the luncheon, the state, regional and national forecast will be given by Ben Ayres, dean of the Terry College of Business at the University of Georgia. The local forecast will be presented by Michael Toma, of Armstrong State University.
Attendees will receive the chamber’s 2015 Economic Trends publication, which is compiled through research from Armstrong and sponsored by the Savannah Economic Development Authority.
Tickets are $50 for chamber members and $60 for non-members. Tables of 10 are available. Please RSVP by Friday, Jan. 9, at www.SavannahChamber.com or to Margaret Mary Russell at 912-644-6432 or MRussell@SavannahChamber.com.
For more information, contact Taylor Castillejo at 912-644-6429 or TCastillejo@VisitSavannah.com.
Mercedes moving headquarters from N.J. to Atlanta
MONTVALE, N.J. — Mercedes-Benz says it’s moving its U.S. headquarters from New Jersey to Atlanta, in part to be closer to its manufacturing facility in Alabama.
The company announced its plans Tuesday.
The decision comes after weeks of lobbying by New Jersey officials who sought to keep the company in Montvale, in a campus that’s about a five-minute drive from BMW’s North American headquarters.
About 1,000 jobs are to be moved starting in July. The company says it will move first to a temporary facility in Atlanta before moving into a new facility in about two years.
Under a law passed in 2013, New Jersey could offer the company many incentives, including $15 million in one aimed specifically at U.S. offices of car companies.
More details are expected by the end of this month.
