Sun, Dec 21, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Archive | August, 2011

Home prices in U.S. showed signs of stabilizing

Posted on 31 August 2011 by Laxman  |  Email |Print

Paul DalesResidential real estate prices in the U.S. decreased in the year ended in June at a slower pace than in the prior month, a sign the market may be stabilizing.
The S&P/Case-Shiller index of property values in 20 cities fell 4.5 percent from June 2010, after a 4.6 percent drop in the 12 months ended May that was the biggest since 2009, the group said today in New York. The median forecast of 31 economists surveyed by Bloomberg News projected a 4.6 percent decline……………………………………….Full Article: Source

Home prices bounce back, but market still struggles

Posted on 31 August 2011 by Laxman  |  Email |Print

Anthony SandersHome prices made a comeback during the second quarter, but the struggling housing market isn’t out of the woods yet. Prices rose a substantial 3.6%, compared with the three months ended March 31. But home prices are still down 5.9% compared with the second quarter of 2010.
The rise in home prices came after three consecutive quarters of drops, as reported by the S&P/Case-Shiller national index — an influential gauge of residential real-estate markets……………………………………….Full Article: Source

Great housing depression of 2008-20??

Posted on 31 August 2011 by Laxman  |  Email |Print

We’re in the middle of a real-estate depression, folks, and it’s not getting any better. Perhaps it’s good news that the financial markets have gotten used to the bad news out of the housing market, because the bad news keeps coming strong.
But if the housing-market woes are an indication of the direction of the economy, we’re in sorry shape. And as with a number of questions I’ve explored recently, it comes down to this: What, if anything, is the Obama administration going to do about it?………………………………………Full Article: Source

Home prices in U.S. probably fell as real estate hindered economic rebound

Posted on 31 August 2011 by Laxman  |  Email |Print

Residential real estate prices probably dropped in the year ended June by the most in 19 months, indicating the housing market continues to hamper the U.S. recovery, economists said.
The S&P/Case-Shiller index of home values in 20 cities fell 4.6 percent from June 2010, the biggest 12-month decrease since November 2009, according to the median forecast of 31 economists surveyed by Bloomberg News. Another report may show consumer confidence sank in August to the lowest level in 10 months……………………………………….Full Article: Source

White House could unveil mortgage plan next week

Posted on 31 August 2011 by Laxman  |  Email |Print

The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled borrowers refinance their mortgages.
The administration has been working for weeks on how to implement a mortgage relief program. President Barack Obama could include a nod to the plan in a speech on job creation next week, sources familiar with the administration’s plans said……………………………………….Full Article: Source

Some home builders run out of lifelines

Posted on 31 August 2011 by Laxman  |  Email |Print

Five years into a housing meltdown, questions are arising about how long some publicly held home builders can survive without significant improvement in the market.
Sales of newly built homes, which peaked at 1.3 million units in 2005, were running at an annual rate of just 298,000 units in July and are on pace to post the lowest count this year since recordkeeping began in 1963……………………………………….Full Article: Source

Despite sluggish economy, U.S. office sector tightens in prime markets

Posted on 31 August 2011 by Laxman  |  Email |Print

According to Jones Lang LaSalle’s Mid-Year 2011 National Office Occupier Outlook report, the U.S. office market continues to tighten, though demand is highly segmented by product type and geography as the flight to quality continues.
In light of economic turbulence, occupiers are placing more and more emphasis on strategies that enhance the flexibility and real estate productivity to meet rapid changes in the market……………………………………….Full Article: Source

Talk of green shoots in us as affordability hits 20y high

Posted on 31 August 2011 by Laxman  |  Email |Print

The latest data from the Wells Fargo Housing Opportunity Index, in conjunction with the National Association of Home Builders puts housing affordability in the US at a 20 year high. According to the data 75% of housing in the country is now affordable to families earning the national average salary $64,200.
This is great news of course, especially with interest rates at record lows, unfortunately credit is still in a stranglehold allowing only those with impeccable credit histories to even think about buying with a mortgage — not to mention worries over the economy putting a dampener on sentiment……………………………………….Full Article: Source

Zell to limit U.S. real estate investing as he expands in Colombia, India

Posted on 31 August 2011 by Laxman  |  Email |Print

Billionaire Sam Zell said he is entering the real estate markets in Colombia and India in the next two weeks as he continues to favor international investments over U.S. property deals.
Zell, chairman of Chicago-based Equity International, will invest in real estate in Colombia and will eventually move on to residential projects, he said in an interview today on Bloomberg Television. In India, he plans to open hotels……………………………………….Full Article: Source

UK: House prices dip in August

Posted on 31 August 2011 by Laxman  |  Email |Print

House prices in England and Wales ticked down on the month in August and weak consumer spending is likely to weigh on demand and prices for the rest of the year, property data firm Hometrack said on Monday.
House prices fell 0.1 percent on the month in August, leaving them 3.7 percent below the August 2010 level, Hometrack said……………………………………….Full Article: Source

UK: Housing market affordability at ‘12-year high’

Posted on 31 August 2011 by Laxman  |  Email |Print

The proportion of income devoted to mortgage payments is at a 12-year low, according to research from Halifax. Across the UK , typical mortgage payments for new borrowers stood at 28 per cent in the second quarter of 2011, the lowest level since 1999, the study revealed.
This figure was also reported to be down by almost half from a peak of 48 per cent in the third quarter of 2007……………………………………….Full Article: Source

Britain has too few homes for sale

Posted on 31 August 2011 by Laxman  |  Email |Print

Our shortage of housing is good for rich foreigners and buy-to-let landlords, but bad for young adults – and even their parents.
They are a national sport, an unhealthy obsession, guaranteed to lift newspaper sales and warm up the most icy dinner-party conversation: I refer, of course, to Britain’s house prices. Napoleon’s nation of shopkeepers has indeed become a nation of homeowners, every one of us determined to acquire a slice of Eden to call our own. But there’s trouble in paradise……………………………………….Full Article: Source

Boom for prime homes in London driven by Middle East buyers

Posted on 31 August 2011 by Laxman  |  Email |Print

The cost of London’s most expensive properties rose the most in nine months as Middle East investors helped to push up prices. Homes costing an average of £3.7 million (Dh22.1m) rose 10.5 per cent in the past 12 months, according to a report released yesterday by Knight Frank.
The boom is being fuelled by foreign buyers, who are taking advantage of the weak pound to snap up property in prime areas of London……………………………………….Full Article: Source

Isle of Man housing market drops

Posted on 31 August 2011 by Laxman  |  Email |Print

Isle of Man house sales have dropped by more than 50% since 2008, provisional figures show. The figures come from an official quarterly report covering the period between 1 April 2011 to 30 June 2011.
At the same point in 2008 there had been 1,545 residential house sales on the island, whereas the provisional figure for 2011 is 646……………………………………….Full Article: Source

German pre-fab homes gain in popularity among British buyers

Posted on 31 August 2011 by Laxman  |  Email |Print

Factory-made houses, popular for decades among Germans and North Americans, are becoming more prevalent in Britain as homebuyers and developers try to avoid turbulence in the real-estate market. Sellers in London lowered asking prices by the most in a year in August as demand in Britain’s most expensive city was hit by turmoil in financial markets.
Loans to buyers of pre-made homes will more than double to $5.5 billion by 2014, according to London- based researcher Datamonitor Plc……………………………………….Full Article: Source

Portuguese property market shows signs of picking up

Posted on 31 August 2011 by Laxman  |  Email |Print

The latest data from the Royal Institution of Chartered Surveyors shows some improvement in activity and sentiment in the Portuguese property market, but reports that continued weak demand is still putting downward pressure on prices.
In the latest release of its Portuguese Housing Market Survey RICS reports an 11 points improvement in the National Confidence index, and a 16 points improvement in the National Activity index, although both are still in negative territory……………………………………….Full Article: Source

Mainland buyers pour in as Hong Kong property slows

Posted on 31 August 2011 by Laxman  |  Email |Print

Amid a marked slowdown in transactions from local buyers, mainlanders may be the saving grace for Hong Kong property agents, who otherwise face long days by a quiet phone. The number of sales & purchase agreements signed here in July, the latest month available, was down 37 percent from June — and 51 percent compared with July last year.
Attempts by the Hong Kong government to curb the territory’s property market, up 78 percent since the start of 2009, have chased away local buyers but aren’t dissuading mainland Chinese. The government mission to tackle the runaway market is mainly making it harder for locals to buy……………………………………….Full Article: Source

Young Thais prefer condominiums

Posted on 31 August 2011 by Laxman  |  Email |Print

The youth of Bangkok have a preference for living in condominiums over other types of residential developments, and are willing to dip into their pockets to hand over up to THB2 million per unit, according to a survey by Plus Property Co.
The research revealed that condominiums were in demand for 19-26 year olds, but later in life they hoped to acquire a single house or semi-detached house, reported The Bangkok Post……………………………………….Full Article: Source

Ha Noi: Property market set to heat up

Posted on 31 August 2011 by Laxman  |  Email |Print

The real estate market in the capital city of Ha Noi is expected to warm up next month because of activity in the low-income housing sector. Both the agreement to secure bank loans for the Kien Hung affordable housing project and the reduction in the interest rates for those loans would catalyse the recovery of Ha Noi’s real estate market in the near future.
Deputy Minister of Construction Nguyen Tran Nam said that demand for real estate would remain high in the long term so the market would attract further local and foreign investors in the future……………………………………….Full Article: Source

Australian commercial property market to remain buoyant

Posted on 31 August 2011 by Laxman  |  Email |Print

Australia is expected to remain the most active property investment market in Asia Pacific for the rest of the year as offshore investors seek quality assets in a mature market with growth prospects, property services firm CB Richard Ellis said.
Sales activity could also pick up after some listed Australian property trusts including Stockland and GPT unveiled plans to sell their assets to fund share buybacks or seek other opportunities………………………………………Full Article: Source

U.S. struggles as biggest seller of homes in buyers’ market

Posted on 30 August 2011 by Laxman  |  Email |Print

Karen PetrouFor sale or rent by motivated owner: 248,000 foreclosed homes. The U.S. government, which has become the nation’s biggest owner of residential properties, is looking for ways to reduce and manage its huge inventory without swamping the real estate market or exposing federal agencies to enormous losses.
Government-run Fannie Mae, Freddie Mac and the Federal Housing Administration now own about a third of the country’s nearly 800,000 foreclosed properties. With that inventory predicted to grow, they are looking for new ways to cope……………………………………….Full Article: Source

Pending sales of previously owned U.S. homes decline more than estimated

Posted on 30 August 2011 by Laxman  |  Email |Print

Ian ShepherdsonThe number of contracts to purchase previously owned U.S. homes fell in July for the first time in three months, a sign that lower prices and borrowing costs aren’t luring in buyers.
The 1.3 percent decrease in the index of pending home sales followed a 2.4 percent gain the previous month, the National Association of Realtors said today in Washington. Economists forecast a 1 percent drop, according to the median of 40 estimates in a Bloomberg News survey……………………………………….Full Article: Source

Housing: Still lousy, still a problem

Posted on 30 August 2011 by Laxman  |  Email |Print

The latest pending home sales data from the nation’s realtors was even more disappointing than expected, but the stock market is unconcerned. Maybe it should be.
Pending home sales, a leading indicator of future closings, fell 1.3% in July, the NAR said, compared with forecasts of a 1% decline. Apparently rock-bottom interest rates aren’t enough to revive housing demand……………………………………….Full Article: Source

Appreciation in home prices to be fleeting

Posted on 30 August 2011 by Laxman  |  Email |Print

Falling home prices have been the norm for some time. Now, a momentary respite is at hand.
Home prices on a monthly basis rose in both April and May, according to the Case-Shiller Index, a widely followed measure of housing prices. Tuesday’s release of the index for June is expected to extend that run to a third gain. This should provide the battered housing sector with some hope……………………………………….Full Article: Source

Can demolition boost the US housing market?

Posted on 30 August 2011 by Laxman  |  Email |Print

“Blow up a lot of houses.” No those weren’t the words of a terrorist. They came straight from the lips of perhaps the world’s greatest investor, Warren Buffett. When asked more than a year ago how to fix the housing crisis Warren said, “Blow up a lot of houses.” Perhaps he wasn’t serious and recently has made statements suggesting that we are about to turn the corner in housing.
I don’t think we can see the corner, much less turn it. Despite Warren’s bullishness on housing, Wall Street seems focused on his earlier call……………………………………….Full Article: Source

Refinancing mortgages won’t fix housing market: Edward Glaeser

Posted on 30 August 2011 by Laxman  |  Email |Print

The New York Times reported last week that the Obama administration was considering a proposal to “allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, about 4 percent.”
The measure’s supporters tout this as an almost cost-free way to stimulate the economy, boost the housing market and reduce foreclosures. But universal refinancing is far from free, and is poorly designed to stimulate either the economy or the housing market……………………………………….Full Article: Source

U.S. housing market stuck in slump

Posted on 30 August 2011 by Laxman  |  Email |Print

The past month wasn’t exactly a confidence-booster for would-be home buyers and sellers in the United States. They’ve witnessed a turbulent stock market, a downgrade of U.S. credit, a spreading European debt crisis and a U.S. economy that seems to be running in place.
And now many say they’re even more hesitant — a retreat that could further delay a rebound in housing. It could hold back the overall economy, too……………………………………….Full Article: Source

Should U.S. become biggest landlord?

Posted on 30 August 2011 by Laxman  |  Email |Print

Under a proposal the Obama administration is making, the U.S. federal For Rent government would become the nation’s biggest landlord by renting out almost 250,000 foreclosed homes Freddie Mac, Fannie Mae and the Federal Housing Administration currently own.
The proposal could make the Federal Housing Finance Agency, started by the Obama administration to administer Fannie Mae and Freddie Mac the primary regulator of such a plan. But the giant mortgage lenders are plagued with problems after being taken over and bailed out by the feds in 2008……………………………………….Full Article: Source

Canada: Economy, new laws support strong housing sector: CMHC

Posted on 30 August 2011 by Laxman  |  Email |Print

New rules brought in by the federal government have caused a sharp reduction to mortgage refinance activity, the Canada Mortgage Housing Corporation said Monday. Finance Minister Jim Flaherty altered mortgage finance rules early this year, restricting Canadians to borrowing 85 per cent of their home’s value, as opposed to the previous 90 per cent.
Under Flaherty’s new rules the maximum amortization period was also reduced from 35 to 30 years, in cases where the down-payment is less than 20 per cent……………………………………….Full Article: Source

Industrial vacancy rates drop to 11.8pct in Central Europe: C&W

Posted on 30 August 2011 by Laxman  |  Email |Print

Companies present in Central Europe showed keen interest in taking space at modern industrial properties during the first six months of 2011, according to a new research report issued by Cushman & Wakefield (C&W).
Strong demand and few new developments have resulted in fairly limited alternatives faced by parties interested in leasing them……………………………………….Full Article: Source

Europe: CMBS market emerges from the shadows

Posted on 30 August 2011 by Laxman  |  Email |Print

Europe’s CMBS market is emerging from the shadows after four years in the doldrums, sending a signal to the market that it is once again a credible source of debt capital. In August, Deutsche Bank underwrote £450 mln (EUR 513 mln) of new UK loans which are likely to form the basis of another CMBS deal.
The new loans are reportedly secured on the Merry Hill regional shopping centre in the West Midlands, the Design Centre in Chelsea Harbour in London and Milton Park, a business park in Oxfordshire……………………………………….Full Article: Source

UK: Buying a house is cheaper than renting for first-time buyers

Posted on 30 August 2011 by Laxman  |  Email |Print

Low interest rates and falling property prices mean that buying a house or flat is over £100 a month cheaper for first-time buyers than renting a property is.
New research shows that the average monthly cost associated with buying a two-bedroom flat for a first-time buyer is around £567. This is £110 lower than the typical rent paid on an equivalent property, according to Halifax, which conducted the research……………………………………….Full Article: Source

Home ownership set to fall in UK

Posted on 30 August 2011 by Laxman  |  Email |Print

The idea of the UK as a home-owning democracy inspired many of Margaret Thatcher’s most loyal supporters. The right-to-buy policy is still seen by some as one of her most important legacies.
But, according to a report by the National Housing Federation, home ownership is on a path of long-term decline. In 10 years’ time, owner-occupation rates will be back where they were in the mid-1980s. The number of people living in a property where the owner is also the occupier has been falling since 2001……………………………………….Full Article: Source

UK: Housing market in crisis: Study

Posted on 30 August 2011 by Laxman  |  Email |Print

The housing market is in crisis as home ownership tumbles and house prices soar, a study has warned.
Home ownership in England will slump to just 63.8% over the next decade, the National Housing Federation’s forecast said, the lowest level since the mid-1980s. Huge deposits, combined with high house prices and strict lending criteria, have sent home ownership into decline, the Federation said……………………………………….Full Article: Source

UK: Asians pip Europeans at the post in H1 deal dash

Posted on 30 August 2011 by Laxman  |  Email |Print

Listed Asian listed buyers pipped their European peers at the post by seizing two of the three biggest deals in the UK in the first half of this year, transaction data compiled by PropertyEU indicates.
If not for the acquisition of the Trafford Centre in Manchester by London-listed Capital Shopping Centres - which was announced in late 2010 but not formally completed until January this year - their victory would have been outright……………………………………….Full Article: Source

Luxury-home prices in London rise as overseas investors seek secure assets

Posted on 30 August 2011 by Laxman  |  Email |Print

Luxury-home prices in central London climbed the most in nine months in August, Knight Frank LLP said, as the increasing risk of a global recession prompted investors to seek a haven for their wealth.
Values of houses and apartments costing an average of 3.7 million pounds ($6 million) rose 10.5 percent in the 12 months through August, according to a report released today by the London-based real-estate broker. That’s the most since November, when there was an 11.2 percent increase……………………………………….Full Article: Source

Irish residential property prices fell by 12.5pct in the year to July

Posted on 30 August 2011 by Laxman  |  Email |Print

In the year to July, Irish residential property prices at a national level, fell by 12.5%. This compares with an annual rate of decline of 12.9% in June and a decline of 12% recorded in the twelve months to July 2010.
The Central Statistics Office reports that residential property prices fell by 0.8% in the month of July. This compares with a decline of 2.1% recorded in June and a decline of 1.3% in July of last year……………………………………….Full Article: Source

Slight improvement in property market in Portugal

Posted on 30 August 2011 by Laxman  |  Email |Print

The residential property market in Portugal is seeing a slight improvement but overall remains negative, according to the latest Royal Institution of Chartered Surveyors/Ci Portuguese Housing Market Survey.
Both the National Activity and National Confidence indices improve in July but weakening demand remains the main factor weighing down on prices and agents are experiencing much sharper price declines than developers, it also shows……………………………………….Full Article: Source

Crisis kills 10pct of Bulgarian real estate companies - Expert

Posted on 30 August 2011 by Laxman  |  Email |Print

At least 10% of Bulgarian realtors have shut down as a result of the effects of the crunch in the past 2 years, according to data provided by a properties expert.
Two years ago, there were some 4 500 real estate brokers in Bulgaria, while their number has declined by between 10% and 12%, Orlin Vladikov, a former head of the Bulgarian National Real Estate Association, revealed, as cited by BTA……………………………………….Full Article: Source

Colliers sees stability in Hungarian retail property market

Posted on 30 August 2011 by Laxman  |  Email |Print

The retail market in Hungary continued to show signs of stability in the first half of 2011 after reaching this state last year, with market players settling into their groove and awaiting the inevitable rebound.
“The market shows a mixed picture, with some locations, especially well-situated projects with a clear strategy, developing and even thriving, while other shopping centres are still struggling with the effects of the crisis.” – said Szabolcs Koroknai, associate director at Colliers International Hungary, in terms of the real estate company’s latest retail market report publication……………………………………….Full Article: Source

India: Prices of new residential property could fall 10-15pct by Diwali

Posted on 30 August 2011 by Laxman  |  Email |Print

That dream home you have been waiting to buy may soon become a tad more affordable - prices of new residential property could fall 10-15% by Diwali.
Builders, which have accumulated huge inventories as sales dipped over the last two years, are under pressure from banks and investors to sell in order to generate revenues. Adding to the pressure is a growing mountain of debt, over Rs 38,000 crore for the top 11 realtors. “The property market cannot sustain the current price levels. Mumbai and Delhi are the most investor-driven markets……………………………………….Full Article: Source

Karachi’s real estate market slumps

Posted on 30 August 2011 by Laxman  |  Email |Print

The worsening law and order situation in Karachi has adversely affected all kinds of business activities and property markets are no exception.
Investment in land and property has been traditionally considered as the safest avenue for ordinary people. However, unabated encroachments and forced occupation of developed and demarcated plots have sent shock waves to builders and developers. Many of them have lost several completed units in their projects to criminal gangs……………………………………….Full Article: Source

Something strange is happening in the Chinese real estate market

Posted on 30 August 2011 by Laxman  |  Email |Print

Despite the official data suggesting that home prices aren’t really falling much, there are something rather more interesting that I have been reading and hearing for a while now.
Since probably a month or two ago (or perhaps longer?), there are various reports suggesting that prices in the primary residential market are getting cheaper than secondary residential market, i.e. new homes are getting cheaper than second-hand properties. This was particularly true for those in the fringe areas of big cities, but there are more and more such anecdotes in more and more cities……………………………………….Full Article: Source

China: Poly Real Estate posts 72pct gain in H1 net profits

Posted on 30 August 2011 by Laxman  |  Email |Print

Poly Real Estate Group Co, the country’s second-largest developer by market value, said on Sunday its first-half net profits surged 71.7 percent year-on-year to 2.8 billion yuan ($437.5 million).
The company’s sales revenue increased 35.1 percent to 15.2 billion yuan in the January-June period, it said in its first-half report to the Shanghai Stock Exchange……………………………………….Full Article: Source

Singapore: Property market quiet during Lunar 7th Month

Posted on 30 August 2011 by Laxman  |  Email |Print

The property market was quiet during the Lunar Seventh Month this year, according to real estate services company Colliers International. Only one property was sold, out of a total of 34 properties put up for auction sale. It was sold for S$1.66 million.
This is comparable to the same period in 1998 - the year of the Asian financial crisis - which saw two properties sold for S$1.65 million out of the 29 properties put up for auction sale……………………………………….Full Article: Source

More Japanese home builders entering Korean market

Posted on 30 August 2011 by Laxman  |  Email |Print

A humble brown two-story house with a solar panel stood out among many showy homes with a white or blue roof in a residential area in the Dogbane district of Yongin, Gyeonggi Province. Entering the house, the Japaneseque design was evident with not only a small pond and tatami room but also vacuum window and floor that block noise and energy loss.
The house, which looks like any other concrete house, is a model home of Misawa Home, a Japanese detached-house brand that built a wooden house at its factory in Japan and relocated it to Korea……………………………………….Full Article: Source

Offshore funds investing heavily in Australian commercial property

Posted on 30 August 2011 by Laxman  |  Email |Print

Investors poured more than $2 billion into Australian commercial real estate over the June quarter, accounting for a quarter (24%) of all Asia-Pacific transactions, according to research by CBRE.
About 30% of Australian commercial property was bought by offshore funds over the three-month period – double the long-term average……………………………………….Full Article: Source

US housing market needs renovation

Posted on 29 August 2011 by Laxman  |  Email |Print

Tim LawlessUntil the US housing market starts to right itself it’s unlikely US consumers are going to gain too much confidence and without confidence the chance of economic recovery will remain a forlorn dream.
House prices are still down 32% from their 2006 peak and this is where the viscous cycle kicks in. Depressed house prices decimate loan-valuation ratios which triggers defaults but wannabe vendors can’t sell in a falling market……………………………………….Full Article: Source

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

Is now a good time to buy real estate?

Posted on 29 August 2011 by Laxman  |  Email |Print

Leonard BaronPeople always ask, “Is it a good time to buy real estate?” The answer is always, “Yes, but it depends.” To make that determination, we first must understand the three most important words in real estate:
Long-term ownership: We buy property, whether a personal residence or for investment, in hopes we are financially better off down the road than we are today. The chance of that occurring is very low if one does not own real estate for at least five or more years……………………………………….Full Article: Source

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

Commercial real estate market flattens

Posted on 29 August 2011 by Laxman  |  Email |Print

Commercial real estate vacancy rates have flattened, according to a survey conducted by the National Association of Realtors (NAR). Projections for growth in commercial real estate have been moderated, NAR said, because of weaker than expected economic growth and job creation.
“Disappoint economic growth in recent months means a slower recovery for most of the commercial real estate sectors,” NAR chief economist Lawrence Yun said. “Many young people, who normally would have struck out on their own from 2008 to 2010, had been doubling up with roommates or moving back into their parents’ homes.”………………………………………Full Article: Source

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

banner
banner
August 2011
M T W T F S S
« Jul   Sep »
1234567
891011121314
15161718192021
22232425262728
293031