Wed, Sep 3, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Archive | November, 2010

US: Property investors want room with a queue

Posted on 26 November 2010 by Laxman  |  Email |Print

From WSJReal-estate investors are gearing up for the next party well before their hangovers from the last one are gone. Across certain segments of the U.S. property market, investments made last decade continue to suffer under heavy debt loads.
Just last week, the owners of Manhattan’s iconic Lipstick Building sought bankruptcy protection, and liquidity problems are likely to push many others to the brink as debt comes due. Yet in some places, signs of a resurgence are bubbling up. Apartment rents, for instance, are on the rise and appear to have some momentum……………………………………….Full Article: Source

U.S. new home sales continue to linger around historical low

Posted on 26 November 2010 by Laxman  |  Email |Print

From Mrketoracle.co.uk: Sales of new single-family homes fell 8.1% to an annual rate of 283,000 in October after an upwardly revised gain of 12.0% in September (previously estimated as a 6.6% increase).
Sales of new single-family homes have hovered around the historical low of 275,000, recorded in August, for the last six months……………………………………….Full Article: Source

How can we turn the US real estate market around: Is the time coming

Posted on 26 November 2010 by Laxman  |  Email |Print

From Americasnewsonline.com: When things get really terrible, the real estate investors and other participants in the real estate market are making hay where they can by improving their local situations. In states like Florida where foreclosures have been rampant for the past year, a “cottage industry” has sprung up around moving those properties through the market].
“Real estate agents had homes to sell, landscapers and plumbers had work to do, and furniture stores and restaurants benefited too,” reported the Amarillo Globe News……………………………………….Full Article: Source

DTZ: European commercial property hotting up, driven by office markets

Posted on 26 November 2010 by Laxman  |  Email |Print

From Europe-re.com: European property markets now offer more attractive returns to investors, with the latest all-property DTZ Fair Value Index (FVI) Q3 2010 score for Europe standing at 55, an increase from 49 in Q2. Although Europe is still less attractive than other markets globally, as revealed by the global FVI Q3 score of 63, the European index is now above 50, meaning there are more HOT markets than COLD.
The DTZ Fair Value Index measures the attractiveness of commercial real estate markets around the world and was launched in Q2 2010……………………………………….Full Article: Source

UK leads European real estate recovery, says CBRE

Posted on 26 November 2010 by Laxman  |  Email |Print

From IPE: European real estate values continued to show improvement during the third quarter, particularly in core western Europe, according to CB Richard Ellis (CBRE).
CBRE’s latest European Evaluation Monitor report found that prime yields have continued to fall across the continent since the European market posted its first positive quarterly movement in the second quarter, with a strong performance of prime assets in core markets……………………………………….Full Article: Source

UK’s Grainger cautious on residential property

Posted on 26 November 2010 by Laxman  |  Email |Print

From Reuters: Britain’s largest quoted housing landlord Grainger said on Thursday its full-year operating profit rose 19.5 percent to 94.2 million pounds, and expressed caution about the outlook for the UK’s housing sector.
“In light of the on-going challenge of the current economic climate, we remain cautious about the prospects for general growth in residential values over the next two years,” Robin Broadhurst, chairman of Grainger, said in a statement……………………………………….Full Article: Source

Irish commercial property market now the most vulnerable in world

Posted on 26 November 2010 by Laxman  |  Email |Print

From Independent.ie: Ireland has the most vulnerable commercial property market in the world because it faces the biggest gap in funding relative to its size for refinancing debt, property company DTZ said.
The country has a $6.5bn (€4.8bn) shortfall for debt between now and 2013 which is equivalent to 16pc of the value of Ireland’s entire commercial real estate investment market, according to the London-based property broker, which also has operations in Ireland……………………………………….Full Article: Source

A home-price puzzle in Spain

Posted on 26 November 2010 by Laxman  |  Email |Print

From WSJ: Spain faces a problem as empty homes left over from the housing boom go up for sale: determining just how much the properties are worth. Analysts, property-sales representatives and economists said data coming from the government and even some large appraisal companies understate the drop in real-estate prices.
That is causing confusion and scaring off some investors who could help banks clear their backlog of homes……………………………………….Full Article: Source

Romanian retail market offers room to grow

Posted on 26 November 2010 by Laxman  |  Email |Print

From Europe-re.com: With a stock of modern retail space reaching 2.17 million m², there is still room for quality developments on the Romanian retail market, according to the latest research brochure of CBRE Romania “Romanian Retail Market 2010”.
The retail stock in Romania registered a rapid and complete transformation only in the past 3 – 4 years, with 2008 & 2009 as record development years……………………………………….Full Article: Source

Israel: Housing demand continues to soar

Posted on 26 November 2010 by Laxman  |  Email |Print

From Globes.co.il: Israel’s housing market continued to bubble in October 2010. Demand for new apartments rose 13.7% to 3,414 homes in October from 3,005 homes in September, the Central Bureau of Statistics reports. Demand in September was 5.3% lower than in August.
New home sales rose 41.9% to 2,250 in October from 1,588 in September. However, new homes built for the owners’ own use, or by buyers groups, or for rent, fell 18% to 1,160……………………………………….Full Article: Source

Emerging real estate market in Lebanon set to increase by up to 15pct by 2013

Posted on 26 November 2010 by Laxman  |  Email |Print

From Propertywire.com: It may not be the most obvious place to buy property, more associated with unrest and war, but the real estate market in Beirut is buoyant and set to grow by 15% in the next three years, according to industry professionals.
‘Lebanon has gone against the current of the international financial crisis in the real estate sector,’ Fuad Fleifel, director general of the economy ministry told the Beirut International Property Fair……………………………………….Full Article: Source

GCC urged to develop active mortgage market to regulate real estate activities

Posted on 26 November 2010 by Laxman  |  Email |Print

From Saudigazette.com.sa: The mortgage markets in the six-nation Gulf Cooperation Council (GCC) remain extremely underdeveloped by global standards, said NCB Capital.
Against this backdrop, the region needs to develop an active mortgage market to regulate real estate activities as the sector begins to recover from the repercussions of the 2008 global fiscal crisis, the report said……………………………………….Full Article: Source

Oversupply in Abu Dhabi making real estate competitive

Posted on 26 November 2010 by Laxman  |  Email |Print

From Gulfnews.com: Rentals in Abu Dhabi continue to be on the slide as more stock is delivered in the prime residential areas. But the decline will eventually work in the emirate’s favour, according to market analysts.
“Going forward, lease rates will need to compete with Dubai, as there is currently oversupply in that market, causing steep price declines, coupled with better quality than is available in the capital,” said Jesse Downs, director of research and advisory at Landmark Advisory……………………………………….Full Article: Source

Kuwait investors gain from Kingdom’s real estate boom

Posted on 26 November 2010 by Laxman  |  Email |Print

From Saudigazette.com.sa: Injaz Development Company, the Riyadh-based master developer and property investment firm, said a growing number of Kuwaiti investors are now taking advantage of Saudi Arabia’s ongoing real estate boom.
Injaz confirmed the high level of interest from Kuwait following its successful participation at the recently concluded Cityscape Global in Dubai, where Kuwaiti investors accounted for a large percentage of customers who visited Injaz’s stand……………………………………….Full Article: Source

Asia set for drip-feed of property regulation

Posted on 26 November 2010 by Laxman  |  Email |Print

From Moneycontrol.com: Asia’s property markets are set for a continuous drip feed of tighter regulations in coming months as authorities try to take the froth out of surging home prices without triggering a crash.
Last week Hong Kong announced its fifth set of measures this year as it struggles to curb speculation in its property markets. China, Singapore, Taiwan, Thailand and Malaysia have also unveiled more stringent regulations in recent months……………………………………….Full Article: Source

India: Property prices may crash as loan scam hits funding

Posted on 26 November 2010 by Laxman  |  Email |Print

From Indiatimes.com: Finance minister Pranab Mukherjee’s direction to state-run lenders to prevent a recurrence of the loans-for-bribes scandal, and banks’ decision to go for a critical appraisal of all real estate loans above Rs 50 crore may stall projects and drive developers to private funds.
Liquidity for the sector may dry up as bankers turn cautious in sanctioning fresh loans, forcing builders to cut prices to improve cash position, helping prospective buyers who have been holding on due to high prices……………………………………….Full Article: Source

India: LIC scam will rock real estate

Posted on 26 November 2010 by Laxman  |  Email |Print

From Indiatimes.com: CBI investigations into the multi-crore loan scam, which has put in the dock senior managers of LIC Housing Finance and several public sector banks, is sending tremors across the real estate sector. As more skeletons emerge from closet, experts fearing that the scandal could lead to a 10-15 per cent correction in the market.
The biggest area of concern is that these officials have been accused of giving loans to companies in return for monetary benefits from a city based financial services company, Money Matters, said to be associated with top real estate firms……………………………………….Full Article: Source

China property price to fall moderately in 2011 -bank

Posted on 26 November 2010 by Laxman  |  Email |Print

From Reuters: China will intensify its property tightening drive in 2011, pushing house prices down moderately, China Minsheng Banking Corp said on Thursday.
Curbs rolled out so far, including higher down payments and mortgage rates, have failed to shake stubbornly high home prices, according to a report by the bank’s specialist property team……………………………………….Full Article: Source

Property curbs power China’s luxury market

Posted on 26 November 2010 by Laxman  |  Email |Print

From Property-report.com: The price of luxury homes in China’s key cities has been increased after the government has launched new policy to restrict the amount of properties a family could buy, and investors eager to keep the growing inflation risks under control.
After the Shanghai municipal government announced the cool down measures, almost 80 per cent of the new properties, priced above 50,000 yuan (US$7,531) per sqm, raised their price……………………………………….Full Article: Source

HK home prices may fall 10pct soon, says Wheelock

Posted on 26 November 2010 by Laxman  |  Email |Print

From Asiaone.com: Developer Wheelock expects prices for Hong Kong residential property to fall as much as 10 per cent in coming months, a senior executive said, days after the government implemented its toughest market- cooling measures this year.
Housing prices in the territory have risen by around 50 per cent since the start of last year, with luxury apartments rising beyond previous price peaks set in 1997 because of strong buying by mainland Chinese and low mortgage rates……………………………………….Full Article: Source

Singapore pledges property-bubble prevention

Posted on 26 November 2010 by Laxman  |  Email |Print

From WSJ: The Singapore government plans to pump more land into the city-state’s private residential property market in the first half of next year to help temper building price pressures.
The continuation of the land-supply program seen in the second half of this year comes amid signs the government remains concerned about the formation of a housing bubble despite three rounds of measures to curb speculative activity since September 2009……………………………………….Full Article: Source

Singapore says low rates may spur property market

Posted on 26 November 2010 by Laxman  |  Email |Print

From Bloomberg: Singapore’s central bank said low borrowing costs and excess liquidity globally may push the island’s property prices higher again, setting back government efforts to cool the market.
There is a risk that financial institutions may ease lending standards and extend more loans to make up for narrowing interest margins, the Monetary Authority of Singapore said in its Financial Stability Review………………………………………Full Article: Source

Malaysia: Government claims property prices only rose 3.3pct

Posted on 26 November 2010 by Laxman  |  Email |Print

From Themalaysianinsider.com: The Najib Administration shrugged off today mounting speculation of an eventual property bubble in the country, claiming that despite figures showing otherwise, property prices in Malaysia had only surged by an overall of 3.3 per cent in the last decade.
Deputy Housing and Local Government Minister Datuk Seri Lajim Ukin told the Dewan Rakyat today that between 2000 and 2010, Malaysia’s property prices had not increased exponentially unlike what has been claimed by other parties, and maintaining that the country’s property prices were still the cheapest if compared to other Asian nations……………………………………….Full Article: Source

Philippines’ property market booming

Posted on 26 November 2010 by Laxman  |  Email |Print

From Property-report.com: Philippines is experiencing the best days since its 1990’s Ramos era in the property sector; the country is driven by a strong demand and investments as it becomes one of the top favorites in the region, alongside Vietnam and Indonesia, according to property management group CB Richard Ellis Philippines.
Rick M. Santos, chairman and founder of CBRE Philippines, has announced that take up of office spaces this year is at 250,000 square meters and is forecast to rise by 10 percent in 2011 with Fort Bonifacio and Ortigas being the preferred choices for office spaces……………………………………….Full Article: Source

Global property investment to rise 25-35 pct in 2011: JLL

Posted on 25 November 2010 by Laxman  |  Email |Print

From Indiatimes.com: Global direct commercial property investment volumes will rise by 25 to 35 per cent to over $350 billion in 2011, the highest since 2008, with the Americas posting 40 per cent growth, property firm Jones Lang LaSalle said.
There is about $250 billion of equity earmarked for US real estate and investors are keen to pick up core office assets in gateway cities such as Chicago, Seattle, Houston and Dallas, Jones Lang LaSalle (JLL) said on Wednesday……………………………………….Full Article: Source

RICS: Interest in distressed sales almost doubles globally

Posted on 25 November 2010 by Laxman  |  Email |Print

From Europe-re.com: There has been a dramatic rise in the number of countries in which real estate professionals are reporting greater interest in distressed properties, according to a global report by RICS research. It also revealed that expectations for increased distressed property sales in the coming months are highest in the Republic of Ireland, US and Spain.
The RICS Global Distressed Property Monitor is a quarterly report that reveals trends in 25 commercial property markets across the globe……………………………………….Full Article: Source

U.S. Home prices fell 3.2pct in third quarter, FHFA says

Posted on 25 November 2010 by Laxman  |  Email |Print

From Bloomberg: U.S. home prices fell 3.2 percent in the third quarter from a year earlier as demand weakened without federal tax credits, the Federal Housing Finance Agency said.
The Atlanta area led declines among the 25 largest metropolitan regions, with a 10 percent slump, the FHFA said in a statement. Prices rose 4.6 percent in the San Diego area for the biggest gain, according to the agency, which measures sales of homes with mortgages backed by Fannie Mae or Freddie Mac……………………………………….Full Article: Source

U.S. new single-family house sales, prices plunge in October

Posted on 25 November 2010 by Laxman  |  Email |Print

From Xinhua: Sales of new single-family houses in the United States plummeted more than 8 percent in October, indicating U.S. home buyers’ caution about the property market and the economic outlook, a Wednesday U.S. Commerce Department report revealed.
Sales of new single-family houses last month were at a seasonally adjusted annual rate of 283,000 units, 8.1 percent below the revised 308,000 units in September, and were 28.5 percent below the October 2009 estimate of 396,000 units, said the department……………………………………….Full Article: Source

Westwood’s Alpert says U.S. home prices will fall further

Posted on 25 November 2010 by Laxman  |  Email |Print

From Seekingalpha.com: Dan Alpert, managing partner at Westwood Capital, thinks that banks are under-reserving and that this will come back to haunt them when house prices fall in “the final leg down” of the housing crisis.
That is the right view if you read between the lines of the last post from Annaly Capital Management. I am in full agreement here that loan loss provisioning is artificially boosting earnings (and bonuses) when more prudence would be warranted……………………………………….Full Article: Source

Canada: House prices fall for first time since April 2009

Posted on 25 November 2010 by Laxman  |  Email |Print

From Torontosun.com: House prices in Canada fell 1.1% in September, ending a string of 16 straight monthly increases, new data shows. The Teranet-National Bank Composite House Price Index last fell in April 2009, with price tags on homes falling in all six major metropolitan markets for the first time since last February.
The biggest drop was recorded in Halifax where prices dipped 2.4%, followed by Calgary at 2.2% and Toronto at 1.6%……………………………………….Full Article: Source

Peru’s booming construction sector expected to keep growing

Posted on 25 November 2010 by Laxman  |  Email |Print

From Dow Jones: Peru’s construction sector is set to continue its double-digit growth next year and to drive the overall expansion in gross domestic product, industry officials said. Construction, public and private, is expected to expand 18% this year–one of the main drivers of Peru’s projected 8.5% overall economic growth.
“Construction will be very strong in 2011, maybe not 18%, but it should be strong, two-digit growth,” Walter Piazza, president of the private sector Peruvian Chamber of Construction, said Wednesday………………………………………Full Article: Source

European Property ederation responds to European Commission’s OTC derivatives proposal

Posted on 25 November 2010 by Laxman  |  Email |Print

From Europe-re.com: The European Property Federation’s responses to questions posed by Werner Langen MEP, European Parliament Rapporteur, in relation to the European Commission’s legislative proposal on OTC derivatives follow below.
The European Property Federation represents all aspects of property ownership and investment: residential landlords, housing companies, commercial property investment and development companies, shopping centers and the property interests of the institutional investors (banks, insurance companies, pension funds)……………………………………….Full Article: Source

Why property investors are buying up UK shopping malls

Posted on 25 November 2010 by Laxman  |  Email |Print

From Telegraph: Consumers may be concerned about splashing out in shops with the eurozone economies faltering and a VAT rise imminent, but property companies do not appear to have the same concerns about their trips to the shopping centre.
Capital Shopping Centres is preparing a £1.6bn deal to buy the Trafford Centre, making the Manchester shopping centre the most expensive single property asset in the UK……………………………………….Full Article: Source

UK commercial property leading European value recovery

Posted on 25 November 2010 by Laxman  |  Email |Print

From Mellersh.co.uk: UK commercial property management firms are operating in a market that continues to lead European rivals as far as real estate value recovery is concerned.
The latest European Evaluation Monitor by CB Richard Ellis has revealed that the UK was the strongest performing market region during the third quarter of 2010 thanks to capital growth of one per cent in the retail sector……………………………………….Full Article: Source

UK sales down 11pct, says HMRC

Posted on 25 November 2010 by Laxman  |  Email |Print

From Themovechannel.com: UK property sales were down 11% in October from a year ago, according to HM Revenue & Customs, giving fresh evidence of the sector’s downturn. Just 79,000 residential properties were sold in October, HMRC said.
That was up 1,000 from September, but was 10,000 lower than in October last year……………………………………….Full Article: Source

Foreclosed homes may triple in Spain as banks offload assets

Posted on 25 November 2010 by Laxman  |  Email |Print

From Bloomberg: The number of foreclosed homes for sale in Spain may triple next year as new accounting rules prompt lenders to dump their depreciating assets, according to the co-founder of a website that advertises repossessed properties.
About 100,000 houses and apartments owned by banks are now on the market, Fernando Acuna said in an interview. A quarter of them are listed on the website operated by his Madrid-based company, Pisos Embargados de Bancos, on behalf of 25 banks……………………………………….Full Article: Source

Romanian retail market offers room to grow

Posted on 25 November 2010 by Laxman  |  Email |Print

From Europe-re.com: With a stock of modern retail space reaching 2.17 million m², there is still room for quality developments on the Romanian retail market, according to the latest research brochure of CBRE Romania “Romanian Retail Market 2010”.
The retail stock in Romania registered a rapid and complete transformation only in the past 3 – 4 years, with 2008 & 2009 as record development years……………………………………….Full Article: Source

Changing of the guard brings new opportunities to Moscow real estate

Posted on 25 November 2010 by Laxman  |  Email |Print

From Themoscownews.com: The ripples from the sacking of Moscow mayor Yury Luzhkov are sending shudders through the city’s construction and real estate sectors.
And while the recent of arrival of Sergei Sobyanin in City Hall has seemingly clipped the wings of the previously all-powerful Inteko group, Daniil Seledchik, general director of housebuilders Etalon-Invest, feels it’s too early to judge the new marketplace……………………………………….Full Article: Source

Turkey: Real estate market is driven by IPOs

Posted on 25 November 2010 by Laxman  |  Email |Print

From Balkans.com: Turkey’s Capital Markets Board said in a recent report that initial public offerings (IPOs) are funding the country’s fast-growing real estate sector, reports Hurriyet Daily News.
According to the report, the IPOs of five real estate investment trusts in Turkey were worth TL 609.2m this year……………………………………….Full Article: Source

UAE property developer files for bankrupty

Posted on 25 November 2010 by Laxman  |  Email |Print

From Reuters: Al Murjan Real Estate, developer of a $3 billion housing project in the United Arab Emirates, has filed for bankruptcy after running into financial difficulties, according to a letter sent by liquidators to property buyers.
The developer filed for insolvency in the emirate of Sharjah and two liquidators have been appointed, the FT reported earlier on Wednesday, citing lawyers saying that it was the first court-mandated bankruptcy of a distressed property project in the emirates……………………………………….Full Article: Source

Abu Dhabi rentals continue to decline

Posted on 25 November 2010 by Laxman  |  Email |Print

From Ameinfo.com: Landmark Advisory has said that apartment rentals in Abu Dhabi have continued to decline by as much as 16% in certain areas due to oversupply of new inventory. “As expected, lease rates have continued to decline since our last lease guide in July 2010.
This has impacted some areas more than others, particularly those where new supply is being delivered,” Jesse Downs, director of research and advisory, Landmark Advisory said……………………………………….Full Article: Source

Navi Mumbai realty rates set to soar

Posted on 25 November 2010 by Laxman  |  Email |Print

From Hindustantimes.com: The environmental clearance for the Navi Mumbai international airport is likely to make property prices in Navi Mumbai go through the roof. Manish Bhatija, director of Paradise Group, said: “It’s nice to know that the airport has finally been approved. We had been looking forward to it for a long time. The property market in Navi Mumbai will get a boost.”
He added: “Residential property prices will rise by 15 to 20 percent, while commercial prices will rise 25 to 35 percent. Kharghar, Ulwe, Panvel and Kamothe in particular will see a huge rise in property prices due to their proximity to the airport.”………………………………………Full Article: Source

Shanghai real estate prices to overtake Hong Kong’s

Posted on 25 November 2010 by Laxman  |  Email |Print

From Cnngo.com: Those looking to get in on the Shanghai luxury real estate market better buy now. If they wait, they might be better off booking a ticket south. Even with the real estate bubble, most prices have stayed in the relatively reasonable range, but according to a recent Bloomberg report, all that’s about to change.
The site reports that Joe Zhang, deputy head of China investment banking at UBS AG, says “Shanghai and Beijing’s luxury home prices may increase 15 percent each year to overtake Hong Kong in the next five to 10 years.”………………………………………Full Article: Source

Japan’s commercial properties have largest debt-funding gap in Asia Pacific

Posted on 25 November 2010 by Laxman  |  Email |Print

From Channelnewsasia.com: Japan’s commercial properties have the largest debt-funding gap in Asia Pacific, at US$70 billion. This is according to research by real estate firm DTZ.
The funding gap is defined as the difference between the debt secured by a commercial property that is maturing and needs to be paid, and the debt that is available to fill the vacuum……………………………………….Full Article: Source

NZ non-residential property stabilises

Posted on 25 November 2010 by Laxman  |  Email |Print

From Smh.com.au: The NZ National Property Trust said property values have stabilised, decreasing only 0.6 per cent over the last six months, but the office rental market will be under pressure over the coming two years.
The trust’s portfolio of retail, commercial and industrial properties is currently under-rented by an estimated 4.3 per cent……………………………………….Full Article: Source

Japan, UK, US face biggest property debt gap - DTZ

Posted on 24 November 2010 by Laxman  |  Email |Print

From Reuters: Up to $245 billion of property debts may face refinancing problems in the next three years globally, with the highest levels in Japan, the United Kingdom and the United States, property firm DTZ said on Wednesday.
The growing debt funding gap, the difference between the existing debt balance as it matures over time and the debt available to replace it, has been a major issue for the global real estate sector with a lot of maturing debt not able to get refinancing……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Global direct real estate investment volumes constrained by product availability in Q3

Posted on 24 November 2010 by Laxman  |  Email |Print

From Europe-re.com: New research from Jones Lang LaSalle reveals that preliminary global direct commercial real estate investment volumes totalled US$69 billion (€50.8 bln.) in the third quarter of 2010. This level is similar to the second quarter of 2010 and indicates that the recovery in investment activity seen in the previous four quarters has levelled off.
Direct commercial real estate investment volumes in the first three quarters of this year have reached US$202 billion compared to the US$139 billion transacted over the same period of 2009. Jones Lang LaSalle expects volumes for the full year to reach US$280 to 290 billion……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

U.S. Home seizures tumble 36pct, Lender Processing says

Posted on 24 November 2010 by Laxman  |  Email |Print

From Bloomberg: The number of U.S. homes seized by banks tumbled more than a third in October after loan servicers imposed a moratorium to probe whether repossessions were properly conducted, according to Lender Processing Services Inc.
Banks took over 79,886 homes, down 36 percent from a record 124,051 in September and the lowest number since May 2009, the Jacksonville, Florida-based real estate data company said in a report today. Lender Processing bases its figures on information collected from loan servicers at the time of foreclosure……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

US: Home sales dip 2.2 pct in October

Posted on 24 November 2010 by Laxman  |  Email |Print

From AP: Sales of previously owned homes slipped slightly in October as the housing market struggled in the face of high unemployment and tight credit. The National Association of Realtors said Tuesday that sales of previously owned homes dipped 2.2 percent last month to a seasonally adjusted annual rate of 4.43 million units.
The performance was weaker than had been expected. Economists at JPMorgan Chase had forecast that sales would rise in October to an annual rate of 4.60 million units……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

US: Commercial real-estate market improving, economists say

Posted on 24 November 2010 by Laxman  |  Email |Print

From Americancoinop.com: While still experiencing challenges, the commercial real-estate market could see signs of steady improvement in the near future, specifically concerning lending, according to two economists.
National Association of Realtors (NAR) Chief Economist Lawrence Yun and Hugh Kelly, clinical professor of real estate at New York University Schack Institute of Real Estate, shared their predictions surrounding the commercial market, indicating a slight improvement in commercial lending……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

November 2010
M T W T F S S
« Oct   Dec »
1234567
891011121314
15161718192021
22232425262728
2930