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Brazil’s real estate market 2012: “Not a bubble”

Posted on 19 April 2012 by Laxman  |  Email |Print

There is a lot of land to be bought and a lot of buildings to be built. For big projects, it would be very good to have investors that would make it possible to build an entire project at once instead of taking it step by step.
The price for a m2 of land is now very high. In the real-estate business I’m now building around 800,000 m2; if you turn that into 100 m2 apartments, you’ll get 8,000 homes. Most of the 800,000 m2 are for the final consumer and not for speculation. The price per m2 in Brasília is one of the highest in Brazil because the land is expensive. You can get less expensive land in São Paulo or Rio de Janeiro………………………………………..Full Article: Source

Savvy global investors eye up Brazilian commercial property opportunities

Posted on 17 April 2012 by Laxman  |  Email |Print

With a flourishing hotel sector as well as booming office and industrial markets, commercial real estate in Brazil looks set to continue growing well into the future with Jones Lang LaSalle Hotels citing that the nation’s hospitality sector offers a great deal of prospects for those who wish to invest in Brazilian real estate.
Indeed, with increasing demand for hotels propelled by upcoming global events in Brazil such as the 2014 World Cup and the summer Olympic Games in 2016 as well as the predicted 3.5% GDP growth in 2012 ……………………………………….Full Article: Source

US: Housing market looks to be on the mend as bargain

Posted on 16 April 2012 by Laxman  |  Email |Print

Mark PratherFive years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to a long-awaited recovery. Reduced prices, record-low mortgage rates, higher rents and an improving job market appear to be emboldening many would-be buyers.
And many people seem to have concluded that prices won’t drop much further. In some areas, prices have begun to tick up………………………………………..Full Article: Source

Watchdog criticizes ‘hardest hit’ housing program

Posted on 13 April 2012 by Laxman  |  Email |Print

A $7.6 billion Obama administration program that targets areas especially suffering from the housing crisis is falling short, with the government spending only about 3% of money set aside for “underwater” mortgage borrowers and other problems, a watchdog report said.
The report released Thursday by the special inspector general for the 2008 financial system rescue criticized the administration’s “Hardest Hit” program, which President Barack Obama announced in February 2010………………………………………..Full Article: Source

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America’s most affordable cities

Posted on 10 April 2012 by Laxman  |  Email |Print

On the Upper East Side of Manhattan, a million dollars can get you as little as an 895-square-foot one-bedroom apartment. In Los Angeles, a 2,250-square foot three-bedroom abode in Hollywood Hills.
But in Dayton, Ohio, a million dollars fetches luxury: a 12,000-square-foot estate just outside of the city limits equipped with personal gym and home theater, nestled on five acres of land………………………………………..Full Article: Source

The new American household: 3 generations, 1 roof

Posted on 04 April 2012 by Laxman  |  Email |Print

As the economy continues to take a toll on consumers’ finances, a growing number of people are discovering that becoming roommates with mom and dad, or a 20- or 30-something son or daughter, helps to ease some of the financial pain in tough times.
As of 2010, 4.4 million U.S. homes held three generations or more under one roof, a 15% increase from 3.8 million households two years earlier, according to the latest data available from the Census Bureau………………………………………..Full Article: Source

Cuban property market booms after house buying allowed for the first time since the 1959 Revolution

Posted on 02 April 2012 by Laxman  |  Email |Print

Houses in Cuba are selling for $250 per square metre as the country after a change in the law meant residents could start selling their homes for the first time since the Revolution in 1959.
The purchasing and selling of private property was legalised by President Raul Castro in Cuba last November in a bid to keep the struggling Communist state afloat……………………………………….Full Article: Source

Charting U.S. real estate desires of Canadian buyers

Posted on 29 March 2012 by Laxman  |  Email |Print

Homebuyers from Ontario — Canada’s wealthiest and most populous province — were among the most active in 10 U.S. real estate markets identified as international hot spots in an Inman News report released this month.
In that report, “10 Hot Spots for Global Homebuyers,” Inman News explores the 10 most popular areas in the U.S. for foreign homebuyers, based on public records of foreign buyers who cite a non-U.S. address. Six of the 10 market areas are in Florida, while the remaining four are in Arizona, New York, Hawaii and Nevada………………………………………..Full Article: Source

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Ultra-luxury market shows strong gains

Posted on 27 March 2012 by Laxman  |  Email |Print

Darren SukenikThe ugly duckling of top-end Manhattan real-estate listings is a six-story building on Fifth Avenue at East 62nd Street divided into a dozen offices and apartments.
The asking price for the 25-foot-wide former Italianate mansion at 815 Fifth Ave. was $25 million when it went on the market last week. But brokers are saying it is attracting competing offers from around the world and will likely trade for more. The would-be buyers are looking to restore long-hidden details and transform the property back into an elegant private mansion………………………………………..Full Article: Source

Cities with the most new construction

Posted on 21 March 2012 by Laxman  |  Email |Print

Thanks to the housing bubble, Phoenix garnered a reputation for dusty abandoned homes and half-built tracts of retail sprawl. Arizona’s biggest city suffered a 55% drop in home prices since the 2006 peak and it consistently ranks among the country’s 20 worst cities in terms of foreclosures.
Yet a recent rebound in home sales — and more modestly in home prices — has spurred talk of a recovery there………………………………………..Full Article: Source

Brazilian real estate market growing fast

Posted on 21 March 2012 by Laxman  |  Email |Print

From a thriving hotel market to its burgeoning office and industrial sectors, the commercial real estate industry in Brazil is showing signs that it will continue growing for years to come.
“The Brazilian real estate sector is booming and is expected grow at a very fast pace in the next few years,” said Andre Viola Ferreira, a partner with Ernst & Young in Brazil who specializes in strategic growth markets. “The business and traveling environment and events held in the country are increasing a lot. There’s a lack of availability in this sector.”……………………………………….Full Article: Source

Canada: Housing market seen calm, but for ‘Toronto tornado’

Posted on 16 March 2012 by Laxman  |  Email |Print

Douglas PorterHome sales in Canada climbed 1.4 per cent in February from a year earlier, winning back some earlier slippage and indicating a fairly balanced market. But for what BMO Nesbitt Burns dubbed the “Toronto tornado.”
Overall, the number of new listings rose faster than sales, at 1.9 per cent, the Canadian Real Estate Association said today, while the sales-to-new listings ratio held steady. New listings are now at their highest level since May, 2010………………………………………..Full Article: Source

Canadian home construction seen slowing

Posted on 14 March 2012 by Laxman  |  Email |Print

New home construction in Canada is expected to slow mildly over the next two years, the Conference Board of Canada said on Tuesday, in another sign of a cooling housing market.
The independent research organization’s latest report forecast housing starts will be 190,000 units in both 2012 and 2013. There were 194,000 starts last year, according to Canadian Real Estate Association (CREA) data………………………………………..Full Article: Source

U.S. real estate is enticing bargain for foreign investors

Posted on 09 March 2012 by Laxman  |  Email |Print

Both low housing prices and a weak U.S. dollar have made American real estate an enticing bargain for foreigner investors who currently own about 10% of the U.S. luxury home market.
A recently introduced U.S. Senate bill that would grant residence visas to foreigners if they spend at least $500,000 on residential housing in the U.S. could increase that number substantially………………………………………..Full Article: Source

Canadians hot for U.S. real estate market

Posted on 07 March 2012 by Laxman  |  Email |Print

Forgetting the hot real estate market on their own turf, Canadians are gobbling up American properties faster than all other foreign buyers.
So much so that the U.S.-based National Association of Realtors or NAR, has produced a sleek guide for American real estate agents showing how to pitch to Canadian buyers. In their December 2011 issue of Global Perspectives, NAR encourages real estate pros, to ‘Look North to Canada’ and to learn how to ‘tap the Canadian market’………………………………………..Full Article: Source

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Big investors snatch up America’s housing market

Posted on 07 March 2012 by Laxman  |  Email |Print

For those who have heard the rumblings that real estate is back – the National Association of Realtors (NAR) had forecast a 5-percent increase in the number of home sales in 2012 – a key report released last week delivered a jolt.
U.S. home prices fell in December to their lowest levels since the housing crisis started in mid-2006, according to the S&P/Case-Shiller Home Price Indices………………………………………..Full Article: Source

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Housing rebound comes too late for many smaller builders

Posted on 21 February 2012 by Laxman  |  Email |Print

A funny thing happened on the way to the housing recovery: The public homebuilders got bigger, and the private construction firms disappeared. Well, not all of them, of course. A significant number, however, have been driven out of business by a perfect storm of economic and financial turmoil.
Now, even as the economy appears to have turned a corner and housing starts are picking up, they are losing their fragile grip on the housing market. The house-building climate is warming up, but the private guys are increasingly being left out in the cold as the biggest players in the industry sop up all the gravy………………………………………..Full Article: Source

Home sales in U.S. probably climbed in January to highest level since 2010

Posted on 20 February 2012 by Laxman  |  Email |Print

Home sales in the U.S. probably climbed in January to the highest level since May 2010, adding to evidence the housing market is regaining its footing, economists said reports this week will show.
Combined purchases of new and existing houses rose to a 4.97 million annual rate from 4.92 million in December, according to the median forecast in a Bloomberg News survey. Claims for jobless benefits held near the lowest level since 2008, bolstering consumer confidence, other reports may show………………………………………..Full Article: Source

Growth in Canadian new home prices slows in Dec

Posted on 10 February 2012 by Laxman  |  Email |Print

The pace of growth in new home prices in Canada slowed in December to 0.1 percent compared with 0.3 percent in November, Statistics Canada said on Thursday, in another sign the hot housing market may be cooling.
Markets had expected a 0.2 percent price gain in the month, according to the median forecast in a Reuters survey………………………………………..Full Article: Source

Asian retail property expected to remain bullish

Posted on 07 February 2012 by Laxman  |  Email |Print

The Asian retail property sector is expected to remain bullish this year with eager international retailers seeking expansion in Asia, lured by the region’s growing wealth and tourism potential.

In the biannual Asian Property Outlook and Strategy report, real estate investment house Pacific Star noted that Asian governments had been focusing on developing domestic demand from a structural perspective, which should bode well for the retail sector……………………………………….Full Article: Source

Obama seeks relief for U.S. housing market

Posted on 03 February 2012 by Laxman  |  Email |Print

Recognizing the abysmal state of the U.S. real estate market, President Barack Obama urged Congress to pass legislation to help distressed homeowners refinance debt-ridden mortgages. Obama asked Congress for $5-10 billion in financial aid to help homeowners manage troubled mortgages.
Foreclosures and short sales have driven down real estate prices around the country, with areas like Florida, Nevada, Arizona and parts of California hardest hit because of unsustainable housing booms. With as many as 11 million U.S. homeowners under water, Obama wants to slow the foreclosure crisis that continues to usurp American consumers………………………………………..Full Article: Source

Tighter lending holding back U.S. housing market, Miller says

Posted on 03 February 2012 by Laxman  |  Email |Print

The U.S. real estate market would be expanding if lending standards were more balanced and credit more available, according to Jonathan Miller of Miller Samuel Inc.
“We would probably have a housing boom with the rates that mortgage levels are at,” Miller, president and chief executive of New York-based appraiser Miller Samuel Inc., said during Bloomberg Television’s “Surveillance Midday,” with Tom Keene………………………………………..Full Article: Source

Obama proposes new home loan refinancing plan

Posted on 02 February 2012 by Laxman  |  Email |Print

President Barack ObamaThe Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today’s historically-low rates. The plan, which requires approval by Congress, would allow borrowers who are current on their mortgage to save an average of $3,000 a year by refinancing into loans backed by the Federal Housing Administration, according to the U.S. Department of Housing and Urban Development.
The plan is estimated to cost between $5 billion and $10 billion. To pay for it, President Obama said he does not plan to add to the deficit………………………………………..Full Article: Source

Housing recovery plan called into question

Posted on 02 February 2012 by Laxman  |  Email |Print

Just one short week ago, President Barack Obama called for “no more red tape” and “no more runaround” from the banks, offering homeowners the chance to save about $3,000 a year on their mortgages by refinancing at historically low rates.
But with mortgage origination and home prices nearing bottom, the commercial real estate industry is divided over whether the President’s plan and new Financial Fraud Task Force will help—or hurt—the already troubled housing market………………………………………..Full Article: Source

Canada: Housing bubble is really a balloon

Posted on 31 January 2012 by Laxman  |  Email |Print

Sherry CooperIt’s not a bubble, it’s a balloon. Unlike the catastrophic decline the U.S. housing market experienced in 2008, Canada’s housing market is expected to deflate slowly rather than pop, according to BMO Capital Markets chief economist Sherry Cooper.
Cooper’s report says that despite rising household debt, low interest rates and rising home prices, it is unlikely that a sudden correction will take place. “The main take-away is that the national housing market appears somewhat pricey, but is far removed from bubble territory,” Cooper said in the report, titled Will Canada’s Housing Boom Forge On, Fizzle Out, or Flame Out?……………………………………….Full Article: Source

10 real estate markets poised to outperform in 2012

Posted on 31 January 2012 by Laxman  |  Email |Print

The markets, which stretch from New York to Texas and include metros with populations above 150,000, were selected and ranked based on a range of demographic, economic and real estate market data, including real estate sales volume and median sales price appreciation.
Three of the 10 markets on this list are state capitals, and both Illinois markets benefit from proximity to that state’s capital, Springfield.Four of the markets: Bloomington-Normal and Peoria in Illinois as well as Des Moines-West Des Moines and Waterloo-Cedar Falls in Iowa, are no more than 300 or so miles from each other………………………………………..Full Article: Source

Gloom continues in US homes market

Posted on 27 January 2012 by Laxman  |  Email |Print

President Barack ObamaThere is no respite from the gloom in the US housing market, where the number of new homes sold unexpectedly fell last month and prices remain down on the previous year. The disappointing data came a day after the Federal Reserve cited the depressed housing market as a key reason it plans to keep interest rates at zero for almost another three years.

The Commerce Department said yesterday that sales of newly built homes fell 2.2 per cent in December to an annualised rate of 307,000, bringing to a halt three months of modest rises……………………………………….Full Article: Source

U.S. housing market falling again after gains

Posted on 26 January 2012 by Laxman  |  Email |Print

The housing market is falling back again after hitting its best level for a year-and-a-half late last year. Contracts signed by Americans to buy homes fell by 3.5 per cent in December after hitting the landmark high in November - but they were still at the second-highest level since April 2010.
The National Association of Realtors’ index of sales agreements fell last month to 96.6, down from November’s reading of 100.1 - with a reading of 100 considered ‘healthy’ by the organisation………………………………………..Full Article: Source

Fixing the housing market: What to expect from Obama’s SOTU speech

Posted on 25 January 2012 by Laxman  |  Email |Print

President Barack ObamaWhat’s President Obama’s plan for getting the housing market back on track? Look for proposals—but not necessarily solutions—in tonight’s State of the Union address.
On Monday, government officials announced that a $25 billion settlement to help troubled homeowners refinance or reduce the principals owed was close to becoming a reality. Five major banks—Bank of America, Wells Fargo, Citibank, JPMorgan Chase, and Ally Financial—are currently in negotiations with U.S. state attorneys general to reach a settlement that would aid Americans hurt by foreclosure wrongdoings and deceptive lending practices on the behalf of the banks………………………………………..Full Article: Source

Vital signs: Rising rents

Posted on 25 January 2012 by Laxman  |  Email |Print

The cost of renting a home in the U.S is climbing. Rents for primary residences rose 2.5% year-over-year in December, according to the government’s consumer-price index. The pace of the increase in rents has picked up since the summer.
Unemployment and tight lending standards have dissuaded some potential homebuyers and spurred demand from renters………………………………………..Full Article: Source

U.S: Home buying could soon beat renting

Posted on 24 January 2012 by Laxman  |  Email |Print

Paul DiggleFalling home prices have sent many would-be buyers to the sidelines. If all goes well, record low interest rates and rising rents may soon prompt some of them to take a second look at buying.
Unfortunately, that’s a big “if,” according to Paul Diggle, a housing economist at Capital Economics. Much of the decision to buy a house still depends on your personal finances and preferences, your career or family life, or level of financial security………………………………………..Full Article: Source

Top places to retire–and work

Posted on 24 January 2012 by Laxman  |  Email |Print

Sure it sounds like an oxymoron. But “working retirement” is a label describing the situation of more and more people. With Social Security retirement ages going up, companies freezing pensions, and investment losses in 401(k) accounts, the concept of a full retirement at age 65 or whenever is changing dramatically for the 77-million-person Baby Boomer generation. More and more retirees are opting to work, even into their 70s.
Accordingly, we have put together a list of the 25 top areas for a working retirement. They can be found in 21 states………………………………………..Full Article: Source

U.S. housing starts drop 4.1pct, worse than forecast

Posted on 20 January 2012 by Laxman  |  Email |Print

Builders began work on fewer houses than forecast in December, capping the worst year on record for single-family home construction and signaling recovery in the industry will take time.
Housing starts dropped 4.1 percent to a 657,000 annual rate last month, reflecting a slump in multifamily dwellings, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, were little changed………………………………………..Full Article: Source

Canadian commercial real estate outpaces U.S. market

Posted on 19 January 2012 by Laxman  |  Email |Print

The U.S. and Canadian commercial real estate markets should anticipate solid performance this year, according to the newest forecast issued by Toronto-based Avison Young. However, the forecast notes that the Canadian market is in a more solid position than the U.S. market.
According to Avison Young, 2011 saw solid demand in both countries’ investment markets, with a large pool of buyers driving the market in Canada while U.S. buyers focused on safe assets and avoiding risk………………………………………..Full Article: Source

Canadian pension funds bulk up real estate holdings in Brazil

Posted on 19 January 2012 by Laxman  |  Email |Print

Two of Canada’s biggest pension funds said Wednesday they acquired a combined 49% stake in a shopping center in Rio de Janeiro for C$80 million, further bulking up their real estate holdings in Brazil.
Ivanhoe Cambridge, the real estate arm of Caisse de depot et placement du Quebec, and Toronto-based CPP Investment Board acquired the stake in Botafogo Praia Shopping center from Brookfield Brasil Shopping Centers, an arm of Brookfield Asset Management (BAM), an asset manager based in Toronto………………………………………..Full Article: Source

U.S: Housing market’s recovery still unclear: Wells CFO

Posted on 18 January 2012 by Laxman  |  Email |Print

Timothy SloanThe housing market is improving but it’s not clear whether it has hit its low yet, Wells Fargo Chief Financial Officer Timothy Sloan told CNBC. Unlike JPMorgan Chase CEO Jamie Dimon, who told CNBC last week the housing market has bottomed out, Sloan said “It’s not clear” whether that has happened but “I hope that is the case.”
Earlier Tuesday, Wells reported earnings that beat expectations on lower loan losses………………………………………..Full Article: Source

Housing: The one bailout America could really use

Posted on 17 January 2012 by Laxman  |  Email |Print

Millions more are underwater — owing more than their home is worth — and may give up if things don’t improve soon. All told, Goodman warns that more than 10 million of the nation’s 55 million mortgage holders could default by 2018.
If home prices fall much more than the 6% or so she’s projecting over the next 12 to 18 months, the picture worsens, as more foreclosures drive prices down further, in turn causing more sheriffs’ sales………………………………………..Full Article: Source

U.S. home prices seen flat in 2012, s-l-o-w-l-y rising in 2013: Poll

Posted on 16 January 2012 by Laxman  |  Email |Print

The five-year slide in U.S. home prices will stop this year, followed by the start of a weak recovery next year, according to a Reuters poll that also showed economists split on whether the government would make new efforts to support the market.
A poll of 23 economists and analysts found a consensus for no change in the S&P/Case-Shiller home-price index in 2012, compared with a median 0.3 percent decline that was forecast in the last poll in November………………………………………..Full Article: Source

US: Cities where real estate is ripe for a rebound

Posted on 13 January 2012 by Laxman  |  Email |Print

Lately economists and investors have been debating whether the housing market has hit bottom. It’s a complicated picture on a national level, but zoom in and it’s possible to identify cities that have not only reached a bottom, but are beginning to experience a recovery.
Take San Jose, Calif. The Golden State has gotten a lot of attention for its economic woes, but San Jose is a veritable oasis of prosperity………………………………………..Full Article: Source

U.S: Has the housing market hit its bottom?

Posted on 11 January 2012 by Laxman  |  Email |Print

Dr. Alex VillacortaHas the U.S. housing market hit a bottom? Do we have further to go? When will a recovery start? These are the questions every homeowner and real estate investor are currently asking themselves — or should be.

Wall Street firms have optimistically been betting that the bottom’s here. Research firms like Zelman & Associates predict the sector will pick up this year and hedge funds have been jumping into real estate-related investments from brick and mortar building purchases to shares of home builders stocks. In December Goldman Sachs Group released a report stating that “The home price bottom [is] in sight,” according to my colleague Agustino Fontevecchia…………………………………….Full Article: Source

Canada: Housing starts jump in December

Posted on 11 January 2012 by Laxman  |  Email |Print

Canadian housing starts climbed more than expected in December, lifted mostly by multiple-unit buildings like condominiums, the latest sign that low interest and mortgage rates are keeping the country’s property market buoyant.

Housing starts rose to a seasonally adjusted annualized rate of 200,200 units, up from an upwardly revised 185,600 units a month earlier, Canada Mortgage and Housing Corp said on Tuesday…………………………………….Full Article: Source

Housing market blooms in Cuban provinces

Posted on 10 January 2012 by Laxman  |  Email |Print

Hundreds of handwritten signs stuck on doorways and in windows announce “se vende” or “for sale” in provincial cities and towns across Cuba as the island’s nascent housing market begins to bloom.

Buyers walk the streets looking at homes the whereabouts of which were passed along by word of mouth as sellers outside of Havana have limited access to the Internet or other means to advertise their sales…………………………………….Full Article: Source

Action on stalled housing market vital for U.S. economic expansion

Posted on 09 January 2012 by Laxman  |  Email |Print

In an unusual step, the Federal Reserve sent a white paper to congressional committees last week, urging them to look again at what ails the U.S. housing market and at possible remedies. More can be done, the Fed says, to help it revive.

Good advice. Housing is where the recession started, and it remains one of the main things holding back the recovery. Friday’s unemployment numbers — nonfarm payrolls grew by 200,000 in December, and the jobless rate ticked down to 8.5 percent from 8.7 percent — join other tentative signs of an improving economy, but the housing mess is mostly getting worse. There’s still a grave risk it might stop, not just delay, the expansion………………………………………Full Article: Source

Washington, D.C. leads U.S. in attracting new residents

Posted on 09 January 2012 by Laxman  |  Email |Print

Among those who moved last year, the nation’s capital was once again the most popular destination. According to a United Van Lines annual migration study, which took into account 146,000 interstate moves, nearly twice as many Americans moved to Washington, D.C. than moved out, making it the most migrated to destination in the nation for the fourth year in a row.

Often, people go where the jobs are. As unemployment soared throughout most of the nation over the past four years, jobs were being created in or near D.C., thanks to one big employer: The government………………………………………Full Article: Source

US: The real estate market that defies the trends

Posted on 06 January 2012 by Laxman  |  Email |Print

The real estate market continues to flatline throughout most of the country. But in Washington, D.C., housing prices are up a smidgen (0.3%) from the previous month. More importantly, year-over-year prices have risen by 1.3%, a continuation of a happy trend in which prices increased by 2.6% from the year before that.
When comparing housing markets in America’s big cities, D.C. appears to be having the strongest and steadiest recovery. But why? What’s making D.C.’s housing market work while others flail? Here are four explanations………………………………………..Full Article: Source

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American households heading east

Posted on 06 January 2012 by Laxman  |  Email |Print

Americans are on the move thanks to high unemployment and tough economic conditions in the middle of the country. According to a new Atlas Lines Migration Patterns study, Americans are heading east and leaving the “are between the Midwest and the Northeast” where unemployment has hit hardest in recent months.
Ohio’s population in particular in on the decline, with the state posting the highest percentage of residents leaving in 2011. Washington D.C. posted the highest percentage of inbound moves for the fifth year in a row, while retirement hot-spots like Florida and Georgia remained relatively balanced despite rough times in the housing and jobs markets thanks to an influx of new, older residents balancing out the exodus of younger ones………………………………………..Full Article: Source

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U.S. is top 2012 property investment pick

Posted on 03 January 2012 by Laxman  |  Email |Print

The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked No. 2 this year, according to a survey released Sunday.
While the United States offers the most stable and secure option in commercial real estate, investors said improvement in rent and occupancy growth and the repeal of a 1980 foreign investment tax would have the strongest impact on their investment decisions, according to the 20th annual survey of Association of Foreign Investors in Real Estate (AFIRE) members………………………………………..Full Article: Source

Brazil housing market to avoid downturn in 2012

Posted on 03 January 2012 by Laxman  |  Email |Print

Brazil’s property bubble should avoid bursting in 2012, a Reuters poll showed on Friday, forecasting real estate prices in Latin America’s largest economy would increase modestly after years of stellar rises.
The poll of 15 banks, research groups and business associations, taken over the past week, downplayed the risk of a sharp downturn, with a recent credit boom underpinned by a steady improvement in wages and affordability conditions………………………………………..Full Article: Source

America’s safest cities

Posted on 20 December 2011 by Laxman  |  Email |Print

Plano, Texas, has some pretty ho-hum claims to fame: It’s home to junk-food headquarters Frito-Lay and the Dr. Pepper Snapple Group, for starters, as well as to retail giant J.C. Penney. But it’s also America’s safest city by our determination, and that’s nothing to yawn at.
Plano, a city of 278,000 that’s just outside Dallas, boasts the lowest violent crime rate of the cities we looked at and the sixth-lowest traffic fatality rate, putting it tops on our list for the second year in a row. The Las Vegas suburb of Henderson, Nev., and Honolulu come in second and third, respectively………………………………………..Full Article: Source

US homebuilders less gloomy despite few buyers

Posted on 20 December 2011 by Laxman  |  Email |Print

Rising interest from would-be buyers is leaving U.S. homebuilders less pessimistic about the housing market. But tighter lending standards are still keeping many potential buyers from purchasing new homes.The National Association of Home Builders/Wells Fargo builder sentiment index rose two points to 21 in December.
That’s the highest level since May 2010. It’s just the second time the index has been at 20 or above in two years………………………………………..Full Article: Source

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