The trend of overall demand for housing in China between 2015 and 2030, will rise-fall-rise; a shift occurring between 2020 and 2025, when Chinese cities will not have conditions for the rapid growth of this indicator. This was reported in the Report of Real Estate Development, published on Monday by the Center for Financial Strategies Research of the Academy of Social Sciences of China.
Given the need for long-term housing, the report suggests, first, to address this demand, taking into account the current structure of the population; and secondly, do not lose sight of the risk involved in that structure may change after the 2025 All these elements point to turn to a housing reform and adjustment of population policy.
Monday, July 28, 2014
Wednesday, July 23, 2014
The shipping containers can be converted into affordable housing
The Washington Post noted that the container ships are the basic component of the global economy, "the large steel boxes that ply the oceans," large containers. Now in Washington DC have been converted into a student experiment that has triggered a debate on affordable housing. "They are striking and cheap houses", says the article.
The architects of this project is to use containers pose discarded as new homes for low-income families. Davies, one of the architects of the project, states that have attempted to provide a welcoming atmosphere to these houses. The doors and windows will be introduced floored. In addition, each bedroom will have a mirror in the closet.
Workers in Baltimore breads cut steel to create an open kitchen and living space. These containers were placed in three storages and each level will be six containers. Each of the four floors will be designed as a single apartment, each with six bedrooms and six bathrooms.
The walls that give the exterior of the residential areas will be transparent plastic to be used as greenhouses. Containers are acoustic and thermal insulation, plywood walls and floors birch plywood original. Larger containers will be worth $ 2,000.
The architects of this project is to use containers pose discarded as new homes for low-income families. Davies, one of the architects of the project, states that have attempted to provide a welcoming atmosphere to these houses. The doors and windows will be introduced floored. In addition, each bedroom will have a mirror in the closet.
Workers in Baltimore breads cut steel to create an open kitchen and living space. These containers were placed in three storages and each level will be six containers. Each of the four floors will be designed as a single apartment, each with six bedrooms and six bathrooms.
The walls that give the exterior of the residential areas will be transparent plastic to be used as greenhouses. Containers are acoustic and thermal insulation, plywood walls and floors birch plywood original. Larger containers will be worth $ 2,000.
Monday, July 14, 2014
Tips To Be Successful In Real Estate Sales
Achieving success in the real estate sector is not an easy task. It takes effort, dedication and discipline, among many other qualities, but also requires good planning and having a good sales strategy. Some experts have shared with us their experiences, they were able to extract some tips that will be useful both for those who already have their own business and for those who wish to enter it. Here we present.
First, it is important to have a professional mission and vision, which means set goals and specific targets. This will facilitate the development of a Strategic Plan (SP) to help us assess the results obtained throughout the year in which the plan is implemented. After that year, they must assess these results and make appropriate modifications to improve profits.
Recognize your strengths and weaknesses. This is necessary to achieve the best results in the tasks you decide to carry out as part of a company. Many people whose main orientation is towards sales managers strive to be, resulting in a poor state of finances of the estate. Consider that you are part of a team where each person performs the function that corresponds, according to their skills and abilities.
Form a balanced team, where everyone assigned specific tasks. This is important because a good leader should be able to bring people to the right caliber to perform the work required. If each team is dedicated to specific tasks, which also correspond to their experience and inclinations, the business will march on wheels.
To be known and maintain open channels of communication with customers and suppliers, it is worth having a website. It is also highly recommended to include the page in a directory of real estate, so that there is more visitor traffic to the site.
Finally, the development of a manual of procedures is recommended, in which the orientation of the property, ie, what is the way to work each area, according to the specialization of the business, what steps reflect a followed in each operation and what follow-up to each case.
First, it is important to have a professional mission and vision, which means set goals and specific targets. This will facilitate the development of a Strategic Plan (SP) to help us assess the results obtained throughout the year in which the plan is implemented. After that year, they must assess these results and make appropriate modifications to improve profits.
Recognize your strengths and weaknesses. This is necessary to achieve the best results in the tasks you decide to carry out as part of a company. Many people whose main orientation is towards sales managers strive to be, resulting in a poor state of finances of the estate. Consider that you are part of a team where each person performs the function that corresponds, according to their skills and abilities.
Form a balanced team, where everyone assigned specific tasks. This is important because a good leader should be able to bring people to the right caliber to perform the work required. If each team is dedicated to specific tasks, which also correspond to their experience and inclinations, the business will march on wheels.
To be known and maintain open channels of communication with customers and suppliers, it is worth having a website. It is also highly recommended to include the page in a directory of real estate, so that there is more visitor traffic to the site.
Finally, the development of a manual of procedures is recommended, in which the orientation of the property, ie, what is the way to work each area, according to the specialization of the business, what steps reflect a followed in each operation and what follow-up to each case.
Monday, July 7, 2014
Cement and regulated rebar still missing
Just enough to walk the streets and avenues of the municipalities in the east of the aragüeña entity to demonstrate that there is discontent among citizens who have spent months on the trail of building materials; and to build a house today is an almost "impossible" for many, raising goal as four walls and a roof can take months or even years, before the imminent shortage hitting the construction sector.
During a tour of different ferreteros establishments, it was found that there are people that take hours in front of these businesses to purchase cement, rebar and blocks task is not easy, because most of the time, none of these products are easily in the market.
During the morning of Friday, it was learned that since about two months ago rebars and cement at regulated prices disappeared shaft this, so buyers must cancel up to 255 bolivars a belaying pin on average, and 215 by March 1 / 8, although the latter has a month that never comes.
Managers of stores dedicated to the sale of such materials, stressed that the regulated spokes do not reach their shelves because they mostly are used by the Great Mission Housing Venezuela, because apparently the production of these items benefits directly to this social plan promoted by the National executive.
Also expressed that all metal products are mechanical problems in the distribution, noting that something as simple as a wire coil has gone months hardware stores.
Pedro Graterol, a construction worker for twenty years, for it is the first time that you see in front of such a critical situation, "I have lost many jobs because there is no material anywhere, who have the ability to have a contact for achieved, but the humble people who make sacrifices to build their homes are as they see more black, because they have to get up early every day to see where they get the concrete, the steel bars and everything you need, hopefully this will improve soon ", he said.
During a tour of different ferreteros establishments, it was found that there are people that take hours in front of these businesses to purchase cement, rebar and blocks task is not easy, because most of the time, none of these products are easily in the market.
During the morning of Friday, it was learned that since about two months ago rebars and cement at regulated prices disappeared shaft this, so buyers must cancel up to 255 bolivars a belaying pin on average, and 215 by March 1 / 8, although the latter has a month that never comes.
Managers of stores dedicated to the sale of such materials, stressed that the regulated spokes do not reach their shelves because they mostly are used by the Great Mission Housing Venezuela, because apparently the production of these items benefits directly to this social plan promoted by the National executive.
Also expressed that all metal products are mechanical problems in the distribution, noting that something as simple as a wire coil has gone months hardware stores.
Pedro Graterol, a construction worker for twenty years, for it is the first time that you see in front of such a critical situation, "I have lost many jobs because there is no material anywhere, who have the ability to have a contact for achieved, but the humble people who make sacrifices to build their homes are as they see more black, because they have to get up early every day to see where they get the concrete, the steel bars and everything you need, hopefully this will improve soon ", he said.
Wednesday, July 2, 2014
Fibers, the future of real estate in Mexico
The future of real estate in Mexico is in the fibers (Investment Trusts Real Estate), and optimal development since its inception in the country the guarantee, was the opinion of José María Garza Treviño, president of construction and development division of the construction Garza Ponce, who recently announced the sale of properties for signature Fiber One
Were 33 properties in total which gave the builder a Fiber One in the amount of 274.8 million dollars, comprising 29 buildings and four wickets, Garza Treviño said.
Operation in which the buildings were valued at 243.3 million dollars, while the land had a that amounted to $ 31.6 million.
"It is an important operation for us, not just for anyone, for the amount. We are selling a package of assets where we had a partnership with American investment fund, Clarion Partners. "
"The priority was to close this transaction, which has not yet been closed, was the announcement right now, there are still some details missing that the Federal Competition Commission authorizes it and a few legal details," said
"But we have a binding memorandum Funo guy, then, the truth is that right now we are focused on closing the transaction and will give us the month of November and December for an internal planning in detail to see what we do, how and when, "he said.
The manager mentioned that this is an operation that led in conjunction with its partners Clarion Partners; and capital for this transaction will serve to continue Garza Ponce's product development, focused on the market for industrial parks.
"That's what we are doing, we are the creators of the first industrial park figure here in Texas, so we have industrial parks here in the metropolitan area, Reynosa, something in San Luis Potosi and Aguascalientes."
"The idea is to follow a single line, which is the development of park and industrial buildings," he said.
Moreover, Garza Trevino explained that currently have under development an industrial park in Aguascalientes, called San Francisco, same as is in its fourth stage.
He also commented that the construction company has an equity stake in the project Interpuerto Monterrey.
Were 33 properties in total which gave the builder a Fiber One in the amount of 274.8 million dollars, comprising 29 buildings and four wickets, Garza Treviño said.
Operation in which the buildings were valued at 243.3 million dollars, while the land had a that amounted to $ 31.6 million.
"It is an important operation for us, not just for anyone, for the amount. We are selling a package of assets where we had a partnership with American investment fund, Clarion Partners. "
"The priority was to close this transaction, which has not yet been closed, was the announcement right now, there are still some details missing that the Federal Competition Commission authorizes it and a few legal details," said
"But we have a binding memorandum Funo guy, then, the truth is that right now we are focused on closing the transaction and will give us the month of November and December for an internal planning in detail to see what we do, how and when, "he said.
The manager mentioned that this is an operation that led in conjunction with its partners Clarion Partners; and capital for this transaction will serve to continue Garza Ponce's product development, focused on the market for industrial parks.
"That's what we are doing, we are the creators of the first industrial park figure here in Texas, so we have industrial parks here in the metropolitan area, Reynosa, something in San Luis Potosi and Aguascalientes."
"The idea is to follow a single line, which is the development of park and industrial buildings," he said.
Moreover, Garza Trevino explained that currently have under development an industrial park in Aguascalientes, called San Francisco, same as is in its fourth stage.
He also commented that the construction company has an equity stake in the project Interpuerto Monterrey.
Fiber One wants to enter the "top ten" real estate
The purpose of the Investment Trust Real Estate One is that year's end is positioned within the global top ten by market value, said Gonzalo Robina, deputy general manager.
After his fourth public offering of trust bonds (CBFI), who performed Wednesday at the Mexican Stock Exchange (BMV), Fiber One caught 32 thousand 816 million pesos, which placed it at number 14.
"With this placement we became the world number 14 Fibre, we being very close to our competitors; waited in a relatively short time to be in the top 10; if the market allows and continues to support, maybe later this year. "
He indicated that growth is based on opportunities they are seeing in the country to continue to invest and also a successful strategy to distribute these resources obtained from the placement, if done in a timely manner may enter the place wish.
Moreover, the growth for the rest of our competitors, given the time they have on the market, and is very stable and is very marginal; "We still have this opportunity to front and are taking, we have to be great among greats, we must be competitive level and size that puts us one more important players."
He stressed that the achievement that has had so far is noteworthy, since in the U.S. the market for fiber, or as they are known there: ritz, has 50 years in the financial system in Mexico is just three years Fibra Uno which was the pioneer.
Of these 32 thousand 816 million pesos raised by the offer of 800 million 400 thousand CBFI said 5 billion will be used to pay debt and the remainder for the acquisition of new properties to expand their portfolio of properties.
On the other hand, said they hope to have a purchasing power of up to 60 billion dollars to develop properties and estimate no more than one year.
Although Robina said that its growth is not based on performance that may have structural reforms, they expect themselves to be benefited by them
Prologis
Fiber Prologis has decided to focus on only six states in the country, which considers strategic for the development of industrial buildings.
The newly created fiber, which debuted at the BMV few days ago, considered Mexico City, Guadalajara, Monterrey, Juarez, Tijuana and Reynosa as the main logistics centers. The properties that make up the portfolio are 177.
Its strategy is based on having properties near consumer markets. Prologis is a world class player, placed in 21 countries, and is one of the competitors of Fiber One.
After his fourth public offering of trust bonds (CBFI), who performed Wednesday at the Mexican Stock Exchange (BMV), Fiber One caught 32 thousand 816 million pesos, which placed it at number 14.
"With this placement we became the world number 14 Fibre, we being very close to our competitors; waited in a relatively short time to be in the top 10; if the market allows and continues to support, maybe later this year. "
He indicated that growth is based on opportunities they are seeing in the country to continue to invest and also a successful strategy to distribute these resources obtained from the placement, if done in a timely manner may enter the place wish.
Moreover, the growth for the rest of our competitors, given the time they have on the market, and is very stable and is very marginal; "We still have this opportunity to front and are taking, we have to be great among greats, we must be competitive level and size that puts us one more important players."
He stressed that the achievement that has had so far is noteworthy, since in the U.S. the market for fiber, or as they are known there: ritz, has 50 years in the financial system in Mexico is just three years Fibra Uno which was the pioneer.
Of these 32 thousand 816 million pesos raised by the offer of 800 million 400 thousand CBFI said 5 billion will be used to pay debt and the remainder for the acquisition of new properties to expand their portfolio of properties.
On the other hand, said they hope to have a purchasing power of up to 60 billion dollars to develop properties and estimate no more than one year.
Although Robina said that its growth is not based on performance that may have structural reforms, they expect themselves to be benefited by them
Prologis
Fiber Prologis has decided to focus on only six states in the country, which considers strategic for the development of industrial buildings.
The newly created fiber, which debuted at the BMV few days ago, considered Mexico City, Guadalajara, Monterrey, Juarez, Tijuana and Reynosa as the main logistics centers. The properties that make up the portfolio are 177.
Its strategy is based on having properties near consumer markets. Prologis is a world class player, placed in 21 countries, and is one of the competitors of Fiber One.
Tuesday, July 1, 2014
Chamber of Real Estate questions about housing official figures
The president of the Chamber of Real Estate, Felipe Martinez, wondered why there are refugees in the country if the national government and managed to reach the figure of over 100,000 homes built.
He mentioned that in Caracas and other states are still occupied by some homeless shelters; as well as some hotels in the state of Nueva Esparta.
He recalled that the priority given by the national government was delivering housing solutions to those affected by the rains. "Obviously or not it has been given priority, or there are many more homeless or have not been met the goals established families," he said.
In this regard, requested the Executive to clarify the situation, because in his opinion the figure announced in housing is significant. Moreover, he insisted that the country witnessed the construction industry is criminalized in the country, because of a small builders that violated the standards group.
"There is no incentive to private construction companies to carry out projects and produce housing; there is a clear and express intention not encourage it, "said criticizing commissioning brand new Real Estate Leasing Law and agreements with other countries.
"The lease has virtually disappeared in what is the offer that appears in the specialized media," said claiming that there is great uncertainty on the adoption of the statute "so punitive".
He mentioned that in Caracas and other states are still occupied by some homeless shelters; as well as some hotels in the state of Nueva Esparta.
He recalled that the priority given by the national government was delivering housing solutions to those affected by the rains. "Obviously or not it has been given priority, or there are many more homeless or have not been met the goals established families," he said.
In this regard, requested the Executive to clarify the situation, because in his opinion the figure announced in housing is significant. Moreover, he insisted that the country witnessed the construction industry is criminalized in the country, because of a small builders that violated the standards group.
"There is no incentive to private construction companies to carry out projects and produce housing; there is a clear and express intention not encourage it, "said criticizing commissioning brand new Real Estate Leasing Law and agreements with other countries.
"The lease has virtually disappeared in what is the offer that appears in the specialized media," said claiming that there is great uncertainty on the adoption of the statute "so punitive".
Thursday, June 26, 2014
Is it time to buy property? Prices will fall more than 20% until 2017
The real estate market shows signs of recovery, but it is still early to talk about a hard reset of the sector. Faced with the prospect of a rise in prices, many analysts and experts point out that the amounts will stabilize in the current year (as the Institute of Economic Studies, linked to the body said CEOE) and that in the coming years even could produce 'sudden' increases if the improved economic conditions lead to a recovery in the labor market. For many homebuyers arises, then, a question inevitably: is this the time to buy a home? Is there a risk that they do not re-register such low prices?
This is not the opinion of the consultant RR Acuña & Associates, which holds that housing prices still have ample setback: in his "Statistical Yearbook of the Spanish property market 2014" I expect prices to continue to decline in a range of between 5% and 7% annually over the next three years. Overall, the drop in prices will rise to 21%, which is in addition to lowering properties that have experienced since the bursting of the housing bubble. According to statistics of the Ministry of Development, the housing prices have fallen by 30.56% from the highs of 2008.
The most significant reason is, according to the president of the consulting firm, Fernando Rodríguez y Rodríguez de Acuña, the remaining unsold. Acuña is probably the expert believes that this 'stock' has a higher weight: consider that there are still 1.7 million unsold homes, although their distribution throughout the Spanish territory is uneven.
Acuña & Associates believes that in areas with higher population density and demand for second homes, such as Madrid, Alicante and Malaga the "stock" will be removed in the next two or three years. The influence of foreign demand for housing and the gradual improvement of the conditions for granting of credit will be sufficient to sustain the recovery in the sector, according to this society. How the rise of trades in recent months then explain? "Sell that sells cheaper," explained the head of Acuña, quoted by Ep.
Instead, Yes there was a slight "change in trend" which has allowed it to begin to correct some of the Spanish property market imbalances (such as mortgages), but all signs point to "very slow" reduction "stock" and thus, a recovery in slow motion in the long term.
The study expected in 2016, to rebound until operations 332,000 operations. Meanwhile, awards and payments in the fall to 59,000. Meanwhile, the remainder of unsold homes will be reduced by 155,000, to the 1,572,000 homes.
This is not the opinion of the consultant RR Acuña & Associates, which holds that housing prices still have ample setback: in his "Statistical Yearbook of the Spanish property market 2014" I expect prices to continue to decline in a range of between 5% and 7% annually over the next three years. Overall, the drop in prices will rise to 21%, which is in addition to lowering properties that have experienced since the bursting of the housing bubble. According to statistics of the Ministry of Development, the housing prices have fallen by 30.56% from the highs of 2008.
The most significant reason is, according to the president of the consulting firm, Fernando Rodríguez y Rodríguez de Acuña, the remaining unsold. Acuña is probably the expert believes that this 'stock' has a higher weight: consider that there are still 1.7 million unsold homes, although their distribution throughout the Spanish territory is uneven.
Acuña & Associates believes that in areas with higher population density and demand for second homes, such as Madrid, Alicante and Malaga the "stock" will be removed in the next two or three years. The influence of foreign demand for housing and the gradual improvement of the conditions for granting of credit will be sufficient to sustain the recovery in the sector, according to this society. How the rise of trades in recent months then explain? "Sell that sells cheaper," explained the head of Acuña, quoted by Ep.
Instead, Yes there was a slight "change in trend" which has allowed it to begin to correct some of the Spanish property market imbalances (such as mortgages), but all signs point to "very slow" reduction "stock" and thus, a recovery in slow motion in the long term.
The study expected in 2016, to rebound until operations 332,000 operations. Meanwhile, awards and payments in the fall to 59,000. Meanwhile, the remainder of unsold homes will be reduced by 155,000, to the 1,572,000 homes.
Monday, June 23, 2014
Miami developers promise to investors for rental income of 5% per annum
The uncertainty in the Argentine real estate market forces many local investors assess alternatives outside borders. And in that menu, Miami has become one of the favorite dishes.
Developers operating in this market know that situation and that is why more and more are coming into the country to offer their products.
For instance, US-based Related Group, owned by Argentine businessman Jorge Perez just introduced in the country, through the chairman of the Division of Condominiums, Carlos Rosso, a series of ventures that will open in mid-2016. "Are each Argentine increasingly looking to invest in the Miami real estate market, "confirms Rosso.
One of the proposals is Brickell Heights; is a two-tower condominium with over 690 residential units, located at 850 South Miami Avenue. "More and more investors buying departments to hire them, not to go live. These investments allow a 5% annual return, plus appreciation of good, "explained the representative of the firm. The square meter in one of these homes costs $ s4.000.
In the local market rent is similar but in pesos.
The second proposal is Hyde Beach. "We invented a way to sell a little different, where people can buy an apartment, but with the option to rent per day when not in use. In this case, there is a hotel company which will manage the rental pool, told the businessman. Thus, a person can acquire an apartment and to use it as long as you want and the rest of the days rent. With this income the owner can cover costs and also getting a return on your investment. The prices for these units, fully equipped, ranging from USD $ 5000 and the $ s6.000/m2.
The purchaser of a property has to know that the above price includes rental service per day with the company to find its position and fully furnished condos.
The third project in dance is Paradise Bay. Located just five minutes from the new Brickell CitiCentre complex will consist of two towers with 345 residences from 1 to 4 bedrooms, "all with a panoramic view with a value of $ 4,200 per m2" said Rosso. Among the international figures that his department already assured Paradise Bay is sportsman Argentine Manu Ginobili, Arantxa Sánchez Vicario and international DJ, David Guetta.
Miami is still a very expensive city to rent compared to the rest of the United States. The values in round vacation in $ 1,600, which means a third of what it costs in Chicago or New York half.
The real estate developer, since its founding in 1979, has completed 80,000 departments. Besides construction in Miami, the company raises modern buildings in Brazil, Mexico, Uruguay, Colombia and Panama.
Fall in property prices
The average price of a home in the City of Buenos Aires increased 54.6% in dollars and 8% in dollars between late January and March 2013, while the sale of new or used property continues to be depressed, according to the Association of Notaries City of Buenos Aires.
The amount of deeds of sale of properties in Capital fell 53.7% in January compared to last December and 0.8% compared to January 2013. 2,027 events were recorded.
Developers operating in this market know that situation and that is why more and more are coming into the country to offer their products.
For instance, US-based Related Group, owned by Argentine businessman Jorge Perez just introduced in the country, through the chairman of the Division of Condominiums, Carlos Rosso, a series of ventures that will open in mid-2016. "Are each Argentine increasingly looking to invest in the Miami real estate market, "confirms Rosso.
One of the proposals is Brickell Heights; is a two-tower condominium with over 690 residential units, located at 850 South Miami Avenue. "More and more investors buying departments to hire them, not to go live. These investments allow a 5% annual return, plus appreciation of good, "explained the representative of the firm. The square meter in one of these homes costs $ s4.000.
In the local market rent is similar but in pesos.
The second proposal is Hyde Beach. "We invented a way to sell a little different, where people can buy an apartment, but with the option to rent per day when not in use. In this case, there is a hotel company which will manage the rental pool, told the businessman. Thus, a person can acquire an apartment and to use it as long as you want and the rest of the days rent. With this income the owner can cover costs and also getting a return on your investment. The prices for these units, fully equipped, ranging from USD $ 5000 and the $ s6.000/m2.
The purchaser of a property has to know that the above price includes rental service per day with the company to find its position and fully furnished condos.
The third project in dance is Paradise Bay. Located just five minutes from the new Brickell CitiCentre complex will consist of two towers with 345 residences from 1 to 4 bedrooms, "all with a panoramic view with a value of $ 4,200 per m2" said Rosso. Among the international figures that his department already assured Paradise Bay is sportsman Argentine Manu Ginobili, Arantxa Sánchez Vicario and international DJ, David Guetta.
Miami is still a very expensive city to rent compared to the rest of the United States. The values in round vacation in $ 1,600, which means a third of what it costs in Chicago or New York half.
The real estate developer, since its founding in 1979, has completed 80,000 departments. Besides construction in Miami, the company raises modern buildings in Brazil, Mexico, Uruguay, Colombia and Panama.
Fall in property prices
The average price of a home in the City of Buenos Aires increased 54.6% in dollars and 8% in dollars between late January and March 2013, while the sale of new or used property continues to be depressed, according to the Association of Notaries City of Buenos Aires.
The amount of deeds of sale of properties in Capital fell 53.7% in January compared to last December and 0.8% compared to January 2013. 2,027 events were recorded.
Friday, June 20, 2014
Renting an apartment in Miami represents 50% of an average household income
As Secretary of Housing and Urban Development United States, Shaun Donovan says "is the worst crisis ever in the rental market." From January to March, the payment of rent went assume 23% to 47% of revenue, a study center analysis 'Zillow', specializing in real estate. The national average is 30%.
This is particularly worrying for new immigrants or employees of companies that have been installed in South Florida, particularly those whose companies do not subsidize them accommodation.
The worst is that there is no solution in sight and the margin will continue to rise, experts agree, because the increase in rents is due to stagnation of property values. Spaces are bought as an investment and its owners, also arms with the crisis, want to recover the money invested and that affects the tenant.
There is another factor to be a critical stage in south Florida. The number of houses and apartments for rent has decreased dramatically, the construction industry is almost paralyzed and with each passing day there are fewer places to live in rented Miami, a metropolitan area that admitted an average of 300 families per week, trying installed in a state where, despite everything, the cost of living is one of the cheapest in the country.
An alternative, though precarious, is installed outside of Miami, even in an adjacent county, but even in these cases is not cheap but will save on a holiday since commuting costs soar because Florida has no transport infrastructure developed public and the private car is the common way to go to work, resulting in fuel and maintenance costs.
"The rent increase was much that I had no choice but to go live with a friend.'ve Been living only rented for 11 years, and I can no more," he told the newspaper The Miami Herald, Arthur Breton, manager a department store.
According to official data, most of the apartments for rent that have flooded the market in the last year belong to foreigners who have purchased as an investment property, own not even live in the U.S. and deliver the property management to a specialized company.
On the other hand, buying a property to live in it does not seem to be a viable alternative for many. If a decade ago banks were generous in lending and fixed monthly benefit at acceptable levels, since the real estate bubble burst, financial institutions are forcing customers to pay tickets 20% or 30% of the value of property. And no matter what your business can fit into potential incentives to support the purchase of homes approved by the administration of Barack Obama.
"It's a tough situation. Let's see how the next two to three years for young people will be very difficult to achieve independence from parents and retirees will start having to leave their homes or apartments because pensions are not enough" WORLD anticipates, real estate analyst, Samuel McCaine.
This is particularly worrying for new immigrants or employees of companies that have been installed in South Florida, particularly those whose companies do not subsidize them accommodation.
The worst is that there is no solution in sight and the margin will continue to rise, experts agree, because the increase in rents is due to stagnation of property values. Spaces are bought as an investment and its owners, also arms with the crisis, want to recover the money invested and that affects the tenant.
There is another factor to be a critical stage in south Florida. The number of houses and apartments for rent has decreased dramatically, the construction industry is almost paralyzed and with each passing day there are fewer places to live in rented Miami, a metropolitan area that admitted an average of 300 families per week, trying installed in a state where, despite everything, the cost of living is one of the cheapest in the country.
An alternative, though precarious, is installed outside of Miami, even in an adjacent county, but even in these cases is not cheap but will save on a holiday since commuting costs soar because Florida has no transport infrastructure developed public and the private car is the common way to go to work, resulting in fuel and maintenance costs.
"The rent increase was much that I had no choice but to go live with a friend.'ve Been living only rented for 11 years, and I can no more," he told the newspaper The Miami Herald, Arthur Breton, manager a department store.
According to official data, most of the apartments for rent that have flooded the market in the last year belong to foreigners who have purchased as an investment property, own not even live in the U.S. and deliver the property management to a specialized company.
On the other hand, buying a property to live in it does not seem to be a viable alternative for many. If a decade ago banks were generous in lending and fixed monthly benefit at acceptable levels, since the real estate bubble burst, financial institutions are forcing customers to pay tickets 20% or 30% of the value of property. And no matter what your business can fit into potential incentives to support the purchase of homes approved by the administration of Barack Obama.
"It's a tough situation. Let's see how the next two to three years for young people will be very difficult to achieve independence from parents and retirees will start having to leave their homes or apartments because pensions are not enough" WORLD anticipates, real estate analyst, Samuel McCaine.
Monday, June 16, 2014
Cai confidence builders houses U.S.
Confidence among home builders in the U.S. unexpectedly fell in May to its lowest level in a year, said Thursday the National Association of Home Builders (NAHB, for its acronym in English).
The Housing Market Index NAHB / Wells Fargo gave to 45 in May from a downward revision of 46 April, the group said in a statement.
Economists polled by Reuters predicted that the indicator would pick 49 in May.
The Housing Market Index NAHB / Wells Fargo gave to 45 in May from a downward revision of 46 April, the group said in a statement.
Economists polled by Reuters predicted that the indicator would pick 49 in May.
Friday, June 13, 2014
The long road to recovery in the U.S.
It's June 2014, and that means it's been five years since the Great Recession officially ended in the United States. If you do not feel in the mood to celebrate this milestone, you're not alone.
Most Americans still rate the economic situation as "bad" and for good reason: The job recovery is the slowest in history, wages have barely risen, house prices are still below their peak and More Americans than ever are using food stamps.
The ordinary people do not feel the recovery because, frankly, has not reached to them.
So how long will the healing process? Economists surveyed by CNNMoney expect a full recovery is still two or three years away.
"The labor market is the scar of the economy that has persisted since the Great Recession, the financial and real estate crisis. May be disappearing, but it is still clearly visible and will remain so in the coming years, "notes Sean Snaith, an economics professor at the University of Central Florida.
This is what America has come: Technically, the Great Recession ended in June 2009 This was determined by the National Bureau of Economic Research, an independent group responsible for officially set the beginning and end of economic cycles from economists. 1920s.
Why choose that date? In essence, then, 2009 was when the bleeding stopped and began the slow process of healing. After that point, the economy began to rebound. Auto sales began to rise, and the slowdown in the manufacturing sector ended. The housing prices bottomed out and eventually began to climb again, and the stock market came back to life.
Today, five years later, the economy and the stock market in the United States are at historic highs. States such as North Dakota and Texas are benefiting from energy-related boom. Jobs in the health sector continue to grow, and are also regaining professional positions in offices. There are also more low-wage jobs in restaurants and bars.
But the recovery is far from advancing at a rapid pace. Was rather a long, slow march, and this is the key component is missing: The labor market in general.
Why is the country has not fully recovered? Overall, the U.S. economy lost 8.7 million jobs in the recession, half of whom were from blue collar industries like construction and manufacturing. As the housing market collapsed, the states of the Sun Belt region as Nevada, Florida and Arizona suffered the loss of jobs sharper, and today, the labor markets in these states are below their pre-recession peak.
The recovery itself is occurring, but is too slow for many Americans. The economy has not recovered all the jobs lost during the crisis, let alone created new enough to keep pace with a growing population. As of April, about 3.5 million people had been unemployed for six months or more. (That's more than the population of Chicago.)
One of the clearest signs of recovery is the booming stock market, but only half of Americans own shares, either directly or through a retirement account, and for many, the amount is small. Actually, they are the richest households who have benefited from the bull market of five years.
Households earning $ 394.000 or more in 2012 (the richest 1%) accounted for nearly 95% of the income gains in the first three years of recovery, according to economists at the forefront of research on inequality income, Thomas Piketty and Emmanuel Saez. Meanwhile, the income of the remaining 99% remained virtually stagnant.
The housing prices have not recovered yet: For the middle class, the majority of its assets is tied to the value of your home, and the prices of residential real estate have not returned to its peak.
"No wonder that many people feel that the economy is not in good shape," warns James Smith, chief economist at Parsec Financial. "Their incomes are lower than in 2007 or the value of your home is much lower then."
Every American - including children - is worse ($ 4.700 less per year) than it would be if the economy had not entered recession, calculated Lawrence Yun, chief economist of the National Association of Realtors. Of course some are better and others worse, but that's the average loss.
"The gap is still large," Yun holds. "After a recession, as a rule to offset the decline, the economy must grow at 4% to 5% per year." Instead, the economy has grown at a rate of about 2% annually.
Prospects for 2014 are optimistic, many economists predict that the U.S. economy will grow more than 3% this year. That said, even at that rate, a full recovery will take several years.
Most Americans still rate the economic situation as "bad" and for good reason: The job recovery is the slowest in history, wages have barely risen, house prices are still below their peak and More Americans than ever are using food stamps.
The ordinary people do not feel the recovery because, frankly, has not reached to them.
So how long will the healing process? Economists surveyed by CNNMoney expect a full recovery is still two or three years away.
"The labor market is the scar of the economy that has persisted since the Great Recession, the financial and real estate crisis. May be disappearing, but it is still clearly visible and will remain so in the coming years, "notes Sean Snaith, an economics professor at the University of Central Florida.
This is what America has come: Technically, the Great Recession ended in June 2009 This was determined by the National Bureau of Economic Research, an independent group responsible for officially set the beginning and end of economic cycles from economists. 1920s.
Why choose that date? In essence, then, 2009 was when the bleeding stopped and began the slow process of healing. After that point, the economy began to rebound. Auto sales began to rise, and the slowdown in the manufacturing sector ended. The housing prices bottomed out and eventually began to climb again, and the stock market came back to life.
Today, five years later, the economy and the stock market in the United States are at historic highs. States such as North Dakota and Texas are benefiting from energy-related boom. Jobs in the health sector continue to grow, and are also regaining professional positions in offices. There are also more low-wage jobs in restaurants and bars.
But the recovery is far from advancing at a rapid pace. Was rather a long, slow march, and this is the key component is missing: The labor market in general.
Why is the country has not fully recovered? Overall, the U.S. economy lost 8.7 million jobs in the recession, half of whom were from blue collar industries like construction and manufacturing. As the housing market collapsed, the states of the Sun Belt region as Nevada, Florida and Arizona suffered the loss of jobs sharper, and today, the labor markets in these states are below their pre-recession peak.
The recovery itself is occurring, but is too slow for many Americans. The economy has not recovered all the jobs lost during the crisis, let alone created new enough to keep pace with a growing population. As of April, about 3.5 million people had been unemployed for six months or more. (That's more than the population of Chicago.)
One of the clearest signs of recovery is the booming stock market, but only half of Americans own shares, either directly or through a retirement account, and for many, the amount is small. Actually, they are the richest households who have benefited from the bull market of five years.
Households earning $ 394.000 or more in 2012 (the richest 1%) accounted for nearly 95% of the income gains in the first three years of recovery, according to economists at the forefront of research on inequality income, Thomas Piketty and Emmanuel Saez. Meanwhile, the income of the remaining 99% remained virtually stagnant.
The housing prices have not recovered yet: For the middle class, the majority of its assets is tied to the value of your home, and the prices of residential real estate have not returned to its peak.
"No wonder that many people feel that the economy is not in good shape," warns James Smith, chief economist at Parsec Financial. "Their incomes are lower than in 2007 or the value of your home is much lower then."
Every American - including children - is worse ($ 4.700 less per year) than it would be if the economy had not entered recession, calculated Lawrence Yun, chief economist of the National Association of Realtors. Of course some are better and others worse, but that's the average loss.
"The gap is still large," Yun holds. "After a recession, as a rule to offset the decline, the economy must grow at 4% to 5% per year." Instead, the economy has grown at a rate of about 2% annually.
Prospects for 2014 are optimistic, many economists predict that the U.S. economy will grow more than 3% this year. That said, even at that rate, a full recovery will take several years.
Friday, April 4, 2014
Keys to foreigners who want to buy in the U.S.
The real estate market will certainly never be a temptation for foreigners. It is an investment that can be classified as one of the safest. Always be above any inflation , because their value tends to increase steadily and they are generally profitable .
Foreigners residing in the country legally enjoy the benefits as if they were Americans when a transaction citizens, can also be financed, if they meet the requirements of the mortgage banks . In general the procedure is simpler and less bureaucratic than in any other country . Nonresident aliens can also buy property without restriction even a tourist around . Today there is no impediment to buying a house or condo, for personal use or for profit on it, either an individual or a corporation. What is necessary is to be advised by knowledgeable professionals in the field so that your investment is 100 % safe and beneficial .
The prices offered by the U.S. real estate market have exceeded any speculative . For example , in South Florida there are properties that were previously valued at $ s80.000 and is now being marketed to only U.S. $ s20.000 in foreclosure process ( foreclosure) held by financial institutions.
Cash is king when it comes to buying. Today banks are offering properties in average values of $ s35.000 are saturated because of those properties and want to give a quick exit. They also offer loans up to 70 % of the property value with rates of 6% for foreigners who want to invest in the United States.
places
The areas with higher foreign investment are Miami, Fort Lauderdale and West Palm Beach. These areas have a tourist profile , they are used for leisure purposes and to rent them for short periods, while others are with investor profile and departments looking to rent all year round. Although Florida is the most sought-after location , the Manhattan real estate market is the most promising of all the country , receiving more than 40 million people a year with an unbeatable buying power.
The real estate sector in the United States has become the primary attraction for investors with varied capitals , ranging from 50,000 to $ 350,000. This market is a potential that has contributed to revive the economy on a large scale after the fall suffered in 2010 from 33% today grew 70% and Latino sum investors buy for $ s82.000 millions around the country , a figure that is growing day by day.
Notably purchase any property within the United States does not grant any immigration status or work permit or green card . Foreigners who want to invest in real estate can do so and subject to the immigration rules for non-residents at the time of taxed investors or collect your winnings . The visa for investors buying property is still a bill expected to become law soon.
While this is an acceptable fear from foreign investors , failing to remain full-time to care for and manage their properties or do it in the distance, there are reliable companies who accompany clients throughout the process , ranging from the purchase of the property to a management plan , based entirely on legal standards, procedures, ratings, checks , insurance, financial statements and tax return. The foreign investor is protected from all angles , you only know how to choose the right equipment.
Foreigners residing in the country legally enjoy the benefits as if they were Americans when a transaction citizens, can also be financed, if they meet the requirements of the mortgage banks . In general the procedure is simpler and less bureaucratic than in any other country . Nonresident aliens can also buy property without restriction even a tourist around . Today there is no impediment to buying a house or condo, for personal use or for profit on it, either an individual or a corporation. What is necessary is to be advised by knowledgeable professionals in the field so that your investment is 100 % safe and beneficial .
The prices offered by the U.S. real estate market have exceeded any speculative . For example , in South Florida there are properties that were previously valued at $ s80.000 and is now being marketed to only U.S. $ s20.000 in foreclosure process ( foreclosure) held by financial institutions.
Cash is king when it comes to buying. Today banks are offering properties in average values of $ s35.000 are saturated because of those properties and want to give a quick exit. They also offer loans up to 70 % of the property value with rates of 6% for foreigners who want to invest in the United States.
places
The areas with higher foreign investment are Miami, Fort Lauderdale and West Palm Beach. These areas have a tourist profile , they are used for leisure purposes and to rent them for short periods, while others are with investor profile and departments looking to rent all year round. Although Florida is the most sought-after location , the Manhattan real estate market is the most promising of all the country , receiving more than 40 million people a year with an unbeatable buying power.
The real estate sector in the United States has become the primary attraction for investors with varied capitals , ranging from 50,000 to $ 350,000. This market is a potential that has contributed to revive the economy on a large scale after the fall suffered in 2010 from 33% today grew 70% and Latino sum investors buy for $ s82.000 millions around the country , a figure that is growing day by day.
Notably purchase any property within the United States does not grant any immigration status or work permit or green card . Foreigners who want to invest in real estate can do so and subject to the immigration rules for non-residents at the time of taxed investors or collect your winnings . The visa for investors buying property is still a bill expected to become law soon.
While this is an acceptable fear from foreign investors , failing to remain full-time to care for and manage their properties or do it in the distance, there are reliable companies who accompany clients throughout the process , ranging from the purchase of the property to a management plan , based entirely on legal standards, procedures, ratings, checks , insurance, financial statements and tax return. The foreign investor is protected from all angles , you only know how to choose the right equipment.
Wednesday, April 2, 2014
Exceed 1 million new homes in the U.S. in March
The growth rate of housing construction grew by 7 % compared to February, to 1.04 million, a figure adjusted for seasonal factors , reported Tuesday the Commerce Department .
Building departments, which tend to fluctuate from month to month, led the growth jump almost 31 % to an annual rate of 417,000 , the fastest pace since January 2006.
However , construction of single-family homes , which make up almost two-thirds of the market, fell 4.8 % to an annual rate of 619,000 . It was down from the pace of February, when it registered 650,000 , the most since May 2008. The government said the February rate was 5.2% higher than previously estimated .
Applications for building permits, an estimate of future construction, fell 3.9 % to an annual pace of 902,000 . He lowered with respect to 939,000 requests for February, which were also the largest in five years.
Scott Laurie , President of Olson Homes , said the decline last month, construction of houses is not a reflection of what happens in the market.
The shortage of land for new housing construction has led to several contractors to ask local governments to adopt new land for urban development , he said. The process can take 12 to 18 months. A survey released Monday indicated contractors similar concerns.
" It will continue rising to new construction as the year and there is a new construction projects ," Laurie said.
It is expected that the increase in housing construction will contribute to economic growth in 2013 for the second consecutive year, a reversal of the trend during the period from 2006 to 2011 , when he led to economic stagnation .
Deutsche Bank forecast that housing construction hit an annual rate of 1.2 million by year-end . Brett Ryan , an economist at Deutsche Bank, said the rate could rise to 0.5% growth in 2013. This would be the greatest contribution of the housing sector since 2004.
Building departments, which tend to fluctuate from month to month, led the growth jump almost 31 % to an annual rate of 417,000 , the fastest pace since January 2006.
However , construction of single-family homes , which make up almost two-thirds of the market, fell 4.8 % to an annual rate of 619,000 . It was down from the pace of February, when it registered 650,000 , the most since May 2008. The government said the February rate was 5.2% higher than previously estimated .
Applications for building permits, an estimate of future construction, fell 3.9 % to an annual pace of 902,000 . He lowered with respect to 939,000 requests for February, which were also the largest in five years.
Scott Laurie , President of Olson Homes , said the decline last month, construction of houses is not a reflection of what happens in the market.
The shortage of land for new housing construction has led to several contractors to ask local governments to adopt new land for urban development , he said. The process can take 12 to 18 months. A survey released Monday indicated contractors similar concerns.
" It will continue rising to new construction as the year and there is a new construction projects ," Laurie said.
It is expected that the increase in housing construction will contribute to economic growth in 2013 for the second consecutive year, a reversal of the trend during the period from 2006 to 2011 , when he led to economic stagnation .
Deutsche Bank forecast that housing construction hit an annual rate of 1.2 million by year-end . Brett Ryan , an economist at Deutsche Bank, said the rate could rise to 0.5% growth in 2013. This would be the greatest contribution of the housing sector since 2004.
Tuesday, April 1, 2014
The impact of immigrants to the real estate market
Overall , immigrants have generated $ 3.7 billion in housing wealth in the U.S., helping to stabilize communities across America.
For an interactive map of the Impact of Immigration on the Real Estate Market you can click here .
Question: What is the main conclusion of this map?
Answer: Research shows that an increase in the absolute number of immigrants in a particular county in the period 2000-2010 resulting economic gains as well as increased demand for goods and services produced locally , hence an increase in the birth of individuals , which are reflected in the housing market.
The research found that immigrants revitalize undesirable neighborhoods in expensive metropolitan areas , opening new options for the working and middle classes buy U.S. homes. Also supports immigration housing market without exacerbating the worst affordability problems of the nation , as the immigrants themselves tend not to settle in the most expensive places .
Immigrants are also attracted by the Sun Belt ( U.S. region extending from the Atlantic coast to the Pacific coast east of the west ), mainly to cities like Houston, where housing has always been more affordable.
Question: How does this research say that immigration makes communities thrive ? Not the other way around , that immigrants will move to more affluent communities ?
Answer: The basic problem of the chicken and the egg was the most important challenge in the methodology . Fortunately, it is a problem that many labor economists have faced before, and the strategy used in this report reflects the techniques that have been used frequently in several reviewed by our peers about the impact of immigration on the labor market studies.
Immigrants tend to favor communities with many opportunities , but it is also clear that benefit the communities where other immigrants from their own NATIONALIT are already living .
For many immigrants , the presence of a key social network to find housing, employment and family -win for the local labor market decisions .
The immigrants would move to a county for two reasons : because the local economy is strong, or because there is a network of immigrants already exists in that location. The basic strategy of this research is to analyze the impact of immigrants who opt for the latter reason , and not the first . A statistical technique known as instrumental variable analysis to execute the strategy used .
Question. The average American home is bigger than it used to be . Does the research is saying that both houses and the immigrant population has grown over time ?
Response . The study explains the main features of the homes : when the houses were built and are single-family homes or apartments ? It also controls the key indicators of housing market : vacancy rates , average prices ten years ago , and the large number of units in a county.
The study also includes statistical controls to account for all permanent features of a county, such as the shortage of building land , and all economic and housing trends nationwide .
Question. Are the results were skewed by the housing bubble and the population explosion ?
Response . The results are based on a study of the entire period between 1970 and 2010 , of which the housing bubble burst and are a small part . Moreover , the study no data on housing prices in the period between 2001 and early 2006, which was the sharpest property inflation period.
For an interactive map of the Impact of Immigration on the Real Estate Market you can click here .
Question: What is the main conclusion of this map?
Answer: Research shows that an increase in the absolute number of immigrants in a particular county in the period 2000-2010 resulting economic gains as well as increased demand for goods and services produced locally , hence an increase in the birth of individuals , which are reflected in the housing market.
The research found that immigrants revitalize undesirable neighborhoods in expensive metropolitan areas , opening new options for the working and middle classes buy U.S. homes. Also supports immigration housing market without exacerbating the worst affordability problems of the nation , as the immigrants themselves tend not to settle in the most expensive places .
Immigrants are also attracted by the Sun Belt ( U.S. region extending from the Atlantic coast to the Pacific coast east of the west ), mainly to cities like Houston, where housing has always been more affordable.
Question: How does this research say that immigration makes communities thrive ? Not the other way around , that immigrants will move to more affluent communities ?
Answer: The basic problem of the chicken and the egg was the most important challenge in the methodology . Fortunately, it is a problem that many labor economists have faced before, and the strategy used in this report reflects the techniques that have been used frequently in several reviewed by our peers about the impact of immigration on the labor market studies.
Immigrants tend to favor communities with many opportunities , but it is also clear that benefit the communities where other immigrants from their own NATIONALIT are already living .
For many immigrants , the presence of a key social network to find housing, employment and family -win for the local labor market decisions .
The immigrants would move to a county for two reasons : because the local economy is strong, or because there is a network of immigrants already exists in that location. The basic strategy of this research is to analyze the impact of immigrants who opt for the latter reason , and not the first . A statistical technique known as instrumental variable analysis to execute the strategy used .
Question. The average American home is bigger than it used to be . Does the research is saying that both houses and the immigrant population has grown over time ?
Response . The study explains the main features of the homes : when the houses were built and are single-family homes or apartments ? It also controls the key indicators of housing market : vacancy rates , average prices ten years ago , and the large number of units in a county.
The study also includes statistical controls to account for all permanent features of a county, such as the shortage of building land , and all economic and housing trends nationwide .
Question. Are the results were skewed by the housing bubble and the population explosion ?
Response . The results are based on a study of the entire period between 1970 and 2010 , of which the housing bubble burst and are a small part . Moreover , the study no data on housing prices in the period between 2001 and early 2006, which was the sharpest property inflation period.
Monday, March 31, 2014
U.S. home prices rise in June to recovery of the sector: CoreLogic
Prices of homes in the U.S. climbed in June and is estimated to increase to more recent signs of recovery in the housing market, according to data on Tuesday showed CoreLogic.
Index CoreLogic home price climbed 1.9 percent from May and accelerated by 11.9 percent since June last year.
Excluding complex sales, prices were slightly stronger, rising 1.8 percent in the month and 11 percent from June 2012.
Complex sales are those in which the lender allows a homeowner in trouble selling the house for less than the value of the outstanding mortgage.
The acceleration in prices from a year ago was in line with the report closely watched S & P / Case-Shiller, which showed that prices rose 12.2 percent year on year in May.
CoreLogic's report predicted more gains for the housing market, and estimated that prices will rise 1.8 percent in July. That would imply an increase of 12.5 percent.
"The U.S. housing market experienced strong price appreciation in the first half of 2013 and our forecast indicates a double-digit growth by July," said CoreLogic CEO Anand Nallathambi said in a statement.
The recovery in the housing sector has gained pace this year, with tight supply driving prices upward. However, higher interest rates on mortgages involve a potential problem if they cause fear and exit from the market of potential buyers.
Index CoreLogic home price climbed 1.9 percent from May and accelerated by 11.9 percent since June last year.
Excluding complex sales, prices were slightly stronger, rising 1.8 percent in the month and 11 percent from June 2012.
Complex sales are those in which the lender allows a homeowner in trouble selling the house for less than the value of the outstanding mortgage.
The acceleration in prices from a year ago was in line with the report closely watched S & P / Case-Shiller, which showed that prices rose 12.2 percent year on year in May.
CoreLogic's report predicted more gains for the housing market, and estimated that prices will rise 1.8 percent in July. That would imply an increase of 12.5 percent.
"The U.S. housing market experienced strong price appreciation in the first half of 2013 and our forecast indicates a double-digit growth by July," said CoreLogic CEO Anand Nallathambi said in a statement.
The recovery in the housing sector has gained pace this year, with tight supply driving prices upward. However, higher interest rates on mortgages involve a potential problem if they cause fear and exit from the market of potential buyers.
Saturday, March 29, 2014
The housing bubble in the United States has become
It's just my opinion, but both markets are moving in the direction you should move . The bag seems to go down and gold up. And if that's what you want to do, who am I to be contrary ?
But for today , let's focus on the real estate market in the world's largest economy . Where is the housing market headed?
" The Miami area is exploding ," says a friend who I visited yesterday.
"I live in Key Biscayne and the price of homes has risen 20 % over the last year in my neighborhood. It's like before the crisis. "
" Everyone speaks Spanish , so I thought the new tenants would come from Colombia and Mexico . But it is quite the opposite. Those most buy are the Russians , followed by the French. I guess the Russians have much money. As for the French, Miami sure is cheap compared to Paris. "
" The third largest group of buyers are Brazilians. It seems they also have a lot of money and as everybody knows here , Miami is the best place in America to live if you are Latin American . "
"Argentines are fourth. They come to Miami because they believe that Argentina 's economy is heading for a new crisis. They may be right about this. "
The price of real estate has returned to the front . Cement and brick seems to have traced the flight across the country.
In Miami , the market is led by foreigners. In Long Island ( New York ), large buyers come from Wall Street. As reported by the New York Times :
More ... no sure sign that the waste that characterized the pre-crisis stage has returned to the Hamptons that many blue signs "Constructions Farrell " multiply in the landscape, along with multimillion dollar homes advertised. It is a process that they call " Farrellización " , not just joy .
" We are busier than ever," said Joe Farrell, President of Farrell stuctures ...
With a customer base consisting mainly of bankers on Wall Street , Mr. Farrell has more than 20 new homes under construction or ready to be built. This makes it the largest builder in the area. And plan to do more , many of these luxury homes even before the buyer is located.
What do you think about this Robert Shiller housing boom ?
" The real estate market is a market with bullish and bearish cycles cycles " told CNBC, " and now is the time to buy."
But " none of this is real, the market has become very speculative."
California has risen and fallen like a roller coaster for decades, but not going towards anything. That is what we have become markets , driven by irrational exuberance .
" For the long term buyer , the fact that prices go up means nothing because even arises sell."
The newspaper The Wall Street Journal , meanwhile, has focused the same story with a negative angle .
"The return of McMansion " he reported, " is conditioned by the rules of which are tightening credit to those who purchase their primary residence ."
The latter do not have much money or a solid credit history . The builders prefer to build for a client with older and richer. Why? Because that 's where the real money .
Downtown Baltimore , meanwhile, seems to resist the latest trends in the U.S. housing market. In real terms , the price of housing has fallen in the last 80 years. But even ' Charm City ' seems to have gained the real estate train. Recently, we found some bargains and some surprisingly robust buyers.
When my wife and I went back there after 18 years in Europe, we seek a small apartment in the heart of the city. We buy and renew . Then we realized that we needed a new bigger house. Although we had no children, there was always someone to visit.
And most importantly , we did not like living in an apartment, at least not in Baltimore. Our building had a doorman, a meeting of neighbors, etc. . We could not get along with everyone !
So we decided to sell the apartment . We hope thereby suffer losses after toil away so much money to renew it. But surprisingly a buyer appeared almost immediately , willing to pay a good price for our home.
Even in Baltimore , the housing market was booming. I imagine it .
regards,
Bill Bonner.
Bill Bonner is the founder and president of Agora Inc. , based in Baltimore , USA . He is the author of the books " Financial Reckoning Day" and " Empire of Debt" that were listed on the New York Times bestseller .
But for today , let's focus on the real estate market in the world's largest economy . Where is the housing market headed?
" The Miami area is exploding ," says a friend who I visited yesterday.
"I live in Key Biscayne and the price of homes has risen 20 % over the last year in my neighborhood. It's like before the crisis. "
" Everyone speaks Spanish , so I thought the new tenants would come from Colombia and Mexico . But it is quite the opposite. Those most buy are the Russians , followed by the French. I guess the Russians have much money. As for the French, Miami sure is cheap compared to Paris. "
" The third largest group of buyers are Brazilians. It seems they also have a lot of money and as everybody knows here , Miami is the best place in America to live if you are Latin American . "
"Argentines are fourth. They come to Miami because they believe that Argentina 's economy is heading for a new crisis. They may be right about this. "
The price of real estate has returned to the front . Cement and brick seems to have traced the flight across the country.
In Miami , the market is led by foreigners. In Long Island ( New York ), large buyers come from Wall Street. As reported by the New York Times :
More ... no sure sign that the waste that characterized the pre-crisis stage has returned to the Hamptons that many blue signs "Constructions Farrell " multiply in the landscape, along with multimillion dollar homes advertised. It is a process that they call " Farrellización " , not just joy .
" We are busier than ever," said Joe Farrell, President of Farrell stuctures ...
With a customer base consisting mainly of bankers on Wall Street , Mr. Farrell has more than 20 new homes under construction or ready to be built. This makes it the largest builder in the area. And plan to do more , many of these luxury homes even before the buyer is located.
What do you think about this Robert Shiller housing boom ?
" The real estate market is a market with bullish and bearish cycles cycles " told CNBC, " and now is the time to buy."
But " none of this is real, the market has become very speculative."
California has risen and fallen like a roller coaster for decades, but not going towards anything. That is what we have become markets , driven by irrational exuberance .
" For the long term buyer , the fact that prices go up means nothing because even arises sell."
The newspaper The Wall Street Journal , meanwhile, has focused the same story with a negative angle .
"The return of McMansion " he reported, " is conditioned by the rules of which are tightening credit to those who purchase their primary residence ."
The latter do not have much money or a solid credit history . The builders prefer to build for a client with older and richer. Why? Because that 's where the real money .
Downtown Baltimore , meanwhile, seems to resist the latest trends in the U.S. housing market. In real terms , the price of housing has fallen in the last 80 years. But even ' Charm City ' seems to have gained the real estate train. Recently, we found some bargains and some surprisingly robust buyers.
When my wife and I went back there after 18 years in Europe, we seek a small apartment in the heart of the city. We buy and renew . Then we realized that we needed a new bigger house. Although we had no children, there was always someone to visit.
And most importantly , we did not like living in an apartment, at least not in Baltimore. Our building had a doorman, a meeting of neighbors, etc. . We could not get along with everyone !
So we decided to sell the apartment . We hope thereby suffer losses after toil away so much money to renew it. But surprisingly a buyer appeared almost immediately , willing to pay a good price for our home.
Even in Baltimore , the housing market was booming. I imagine it .
regards,
Bill Bonner.
Bill Bonner is the founder and president of Agora Inc. , based in Baltimore , USA . He is the author of the books " Financial Reckoning Day" and " Empire of Debt" that were listed on the New York Times bestseller .
Thursday, March 27, 2014
The smallest apartment in New York: 9m2 around 1,000 euros per month
Only 9m2. For the size it would appear that we are talking about a bathroom but in reality it is a full apartment in New york, the smallest of the entire city. Its dimensions are similar to those of a cell in any prison, except that here the incarceration costs 942 euros per month and does not include food.
The apartment is in a building in Harlem, at 14 Covent Avenue and has been for rent since signing Douglas Elliman. Among the features of the notice the light and space "generous" cabinet stands. "The study is small, clean and is renovated," says the description.
If a few months ago were criticized the microapartamentos promoted by New York Mayor Michael Bloomberg, between 20 and 35 m2, this new offering is a step further in the new trend of living in small matchboxes.
The apartment is in a building in Harlem, at 14 Covent Avenue and has been for rent since signing Douglas Elliman. Among the features of the notice the light and space "generous" cabinet stands. "The study is small, clean and is renovated," says the description.
If a few months ago were criticized the microapartamentos promoted by New York Mayor Michael Bloomberg, between 20 and 35 m2, this new offering is a step further in the new trend of living in small matchboxes.
Monday, March 24, 2014
Mortgage crisis in the U.S. is just: foreclosures fall to seven-year low
The housing crisis that began six years ago in the U.S. is coming to an end after foreclosures come down to its lowest in nearly seven years in November.
According to a report from RealtyTrac , 113,454 default notices , auction and recovery, a drop of 15 % compared to October were sent. The figure represents the lowest level since December 2006.
The firm explained that 52.826 processes however , the slowest pace since December 2005 began.
"While some of the decline can be attributed to seasonality, the depth and breadth of the fall delivery is strong evidence that we are entering the last part of this crisis," said Daren Blomquist , vice president of RealtyTrac .
"In a year , all this will end ," he told Bloomberg Kenneth Rosen , chairman of the Fisher Center for Urban Economics and Real Estate at the University of California at Berkeley.
Sales up
Meanwhile, the discounts before the holidays boosted retail sales in November.
The Commerce Department reported yesterday that purchases 0.7 % , the fastest pace since June increased after a 0.6 % advance in October. Economists surveyed by Bloomberg and Reuters had expected sales , which represent about 30 % of consumer spending , will experience an increase of 0.6 %.
Calls core sales, which exclude autos, food services, gasoline and building materials , rose 0.5 % after increasing 0.7 % adjusted for the previous month.
This suggests that household spending will likely rebound from the worst performance in nearly four years recorded in the third quarter .
"We are getting a tailwind by lower gasoline prices , winds significant tail for greater wealth through stocks and real estate and last but certainly not least , an acceleration in wages ," said Bloomberg Joseph LaVorgna , chief U.S. economist at Deutsche Bank. "We're going in the right direction."
lower deficit
Meanwhile , the budget deficit narrowed more than expected in November as higher employment and rising incomes encouraged markets to a record high for the month.
Fiscal revenue rose 12.8 % from October to U.S. $ 182,500 million , while spending fell 4.8% to U.S. $ 317,700 million, according to the Treasury Department . As a result , the gap was U.S. $ 135,200 million , lower than the $ 140 billion projected .
Thus, in the first two months of fiscal 2014, the deficit reached U.S. $ 226,800 million, compared to U.S. $ 291,100 million for the same period last year.
According to a report from RealtyTrac , 113,454 default notices , auction and recovery, a drop of 15 % compared to October were sent. The figure represents the lowest level since December 2006.
The firm explained that 52.826 processes however , the slowest pace since December 2005 began.
"While some of the decline can be attributed to seasonality, the depth and breadth of the fall delivery is strong evidence that we are entering the last part of this crisis," said Daren Blomquist , vice president of RealtyTrac .
"In a year , all this will end ," he told Bloomberg Kenneth Rosen , chairman of the Fisher Center for Urban Economics and Real Estate at the University of California at Berkeley.
Sales up
Meanwhile, the discounts before the holidays boosted retail sales in November.
The Commerce Department reported yesterday that purchases 0.7 % , the fastest pace since June increased after a 0.6 % advance in October. Economists surveyed by Bloomberg and Reuters had expected sales , which represent about 30 % of consumer spending , will experience an increase of 0.6 %.
Calls core sales, which exclude autos, food services, gasoline and building materials , rose 0.5 % after increasing 0.7 % adjusted for the previous month.
This suggests that household spending will likely rebound from the worst performance in nearly four years recorded in the third quarter .
"We are getting a tailwind by lower gasoline prices , winds significant tail for greater wealth through stocks and real estate and last but certainly not least , an acceleration in wages ," said Bloomberg Joseph LaVorgna , chief U.S. economist at Deutsche Bank. "We're going in the right direction."
lower deficit
Meanwhile , the budget deficit narrowed more than expected in November as higher employment and rising incomes encouraged markets to a record high for the month.
Fiscal revenue rose 12.8 % from October to U.S. $ 182,500 million , while spending fell 4.8% to U.S. $ 317,700 million, according to the Treasury Department . As a result , the gap was U.S. $ 135,200 million , lower than the $ 140 billion projected .
Thus, in the first two months of fiscal 2014, the deficit reached U.S. $ 226,800 million, compared to U.S. $ 291,100 million for the same period last year.
Friday, March 21, 2014
Pharrell Williams raises the price of his apartment in Miami
Pharrell Williams , artist multi-faceted singer- songwriter and designer, is to increase the selling price of his luxury apartment in Miami. Very popular , the artist has won a Grammy Award for Pop Duo of the Year Get Lucky in collaboration with the French Daft Punk.
The artist quadra had made a strong impression at the ceremony because of his enormous hat designer . He then put up for auction on eBay and collected the sum of 32 000 euros for its association From One Hand to Another which helps troubled youth.
A gourmet Pharrell ...
Star hat wanted to sell his duplex for $ 10.9 million , or 8.4 million euros . A career that peaked as soon as the price of his apartment climbs . Indeed , he asked 99,000 dollars on the original price which is now 10,999,000 dollars.
Purchased in 2007 for $ 12 million , the sublime apartment on the 40th floor of a building in Brickell Avenue offers breathtaking views of Biscayne Bay in Miami. With a total surface of 843 m² , it features 5 bedrooms, 6 bathrooms, several terraces, a pool and a summer kitchen.
The artist quadra had made a strong impression at the ceremony because of his enormous hat designer . He then put up for auction on eBay and collected the sum of 32 000 euros for its association From One Hand to Another which helps troubled youth.
A gourmet Pharrell ...
Star hat wanted to sell his duplex for $ 10.9 million , or 8.4 million euros . A career that peaked as soon as the price of his apartment climbs . Indeed , he asked 99,000 dollars on the original price which is now 10,999,000 dollars.
Purchased in 2007 for $ 12 million , the sublime apartment on the 40th floor of a building in Brickell Avenue offers breathtaking views of Biscayne Bay in Miami. With a total surface of 843 m² , it features 5 bedrooms, 6 bathrooms, several terraces, a pool and a summer kitchen.
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