Wed, Oct 22, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 10.Nov 2011

Posted on 10 November 2011 by Laxman |  Email |Print

Lawrence YunU.S. home prices fell in nearly 75% of metropolitan areas in the third quarter and the national median price dropped as the housing market showed renewed weakness in the second half of the year.
The median price for previously occupied homes sold in the July-September quarter fell compared with last year in 111 out of 150 areas tracked by the National Association of Realtors, the trade group said Wednesday. Prices rose in 39 metro areas………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Patrick NewportHome values fell in almost three- fourths of U.S. cities in the third quarter as a slowing economy deterred buyers. The median price of a single-family home decreased from a year earlier in 111 metropolitan areas out of the 150 measured, the National Association of Realtors said in a report.
The biggest declines were in Allentown, Pennsylvania; Mobile, Alabama; and Phoenix, where the median price tumbled 18 percent. Prices in Salt Lake City dropped 15 percent………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

The housing crisis just keeps grinding on. Home prices fell in three-quarters of U.S. cities in the third quarter, by double digits in some places, according to the latest data from the National Association of Realtors.
The median U.S. house price, $164,500, is now 28 percent below its 2006 peak and about where prices stood in Feb. 2003. Fewer people plan to buy a home over the next six months, according to the Conference Board. And another survey of homeowners finds that nearly as many think of owning a home as a “nightmare” as consider it an “American Dream.”……………………………………….Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

US retail mortgages may be one of the scariest assets at this point in time. Apart from Italian or Greek bonds, owning securities back by retail mortgages is harrowing for investors across the globe. Although the brunt of the damage occurred a few years ago, the stigma and uncertainty related to mortgages and retail loans still exists.
As we now know, mortgage lenders decreased their screening standards and essentially gave loans to everyone that walked in the doors. At this point in time, is there anyone who retains responsibility in the housing market? ……………………………………….Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Manhattan real estate remains strong even as development costs rise and financial markets sputtered in the past few months, according to top New York City real estate executives.
“When you look at New York, it’s like an anomaly in the United States,” Stephen Ross, chief executive officer and founder of Related Cos., the developer of the Time Warner Center, said today on a panel at the Bloomberg Commercial Real Estate Summit in New York. “The real estate market is very strong. We’re very close to the highs of 2008.”……………………………………….Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Las Vegas has suffered through the housing bust like few others places and still has further to fall. But these days many real estate investors and home buyers are betting that it’s poised to stage a comeback.
Sin City’s metro area led the nation in mortgage defaults for 22 straight months through August and home prices plunged a whopping 60% from their 2006 peak, according to RealtyTrac. And prices still have further to fall. Financial analytics company, Fiserv, projects home prices in Las Vegas could fall another 16% by next June………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Fannie Mae said it would seek $7.8 billion more in U.S. government assistance after posting a wider loss in the third quarter as the housing market’s troubles continued.
The Washington-based mortgage finance company on Tuesday posted a net loss of $5.1 billion in the third quarter, compared with a year-ago loss of $1.3 billion. It was the 16th loss in the past 17 quarters for the company, which nearly failed more three years ago and has been kept on government life support ever since………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

For most of their existence, the government-sponsored mortgage companies Fannie Mae and Freddie Mac have been the nation’s largest backers of residential home loans. Now a distant cousin is challenging their reign.
So far this year, Ginnie Mae, a corporation wholly owned by the government that packages mortgages backed by the Federal Housing Administration and other agencies, has issued more mortgage bonds than Freddie Mac, making it the second-biggest funder of home loans………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Here’s something you’ll rarely see cited as a problem: The U.S. has too little financial innovation. The creativity of bankers and traders is one thing that enables them to make so much money. They think up fancy solutions to financial problems. Sometimes these involve complicated new securities designed by a couple of math Ph.Ds and may be well-understood by only a handful of people.
Financial innovation was a big factor in the international credit meltdown in 2008. We thought we had eliminated risk with clever financial instruments. We were wrong………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

European real estate fund managers are “embracing outsourcing with a new enthusiasm” as four different pieces of legislation force them to rethink their operating models, according to a new report from Street Street.
A poll conducted by the service provider found 37% of European fund managers with established in-house functions were considering offloading those presenting the most cost and complexity………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

The European real estate debt situation is continuing to erode at a time when the global situation is showing signs of improvement, according to new research by property adviser DTZ.
The firm found that Europe’s debt funding gap rose 4% to $122 bn (EUR 90 bn) in the last six months. In contrast, the global debt funding gap is estimated to total $142 bn over the next three years, a reduction of 27% on the $196 bn estimated in May 2011, and half the level reported a year ago………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Europe, along with the Middle East and Africa, offers the most opportunities for distressed-debt investing amid a falloff in bank lending, according to panelists at the Bloomberg Commercial Real Estate Summit.
“The lack of debt has caused this market to be unequal to other markets,” Glenn Rufrano, president and chief executive officer at brokerage Cushman & Wakefield Inc., said at the conference in New York. In 2012, “in terms of distressed debt opportunities, it’s the EMEA,” he said………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

The French Public Service Additional Pension Scheme (ERAFP) is seeking to launch two new real estate funds targeting properties in France and Europe as part of its plan to diversify its portfolio.
In an interview with IPE, Catherine Vialonga, chief investment officer, said the pension fund had recently awarded asset manager AEW Europe SGP a €40m real estate mandate and would consider further investments in the future………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

International investors are increasingly considering the merits of buying a property in South Africa, it has been claimed.
Berry Everitt, managing director of international property group Chas Everitt, explained that a favourable exchange rate between the South African rand and major currencies such as the euro, US dollar and sterling has helped drive interest………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

According to the latest RICS India Commercial Property Survey, although the economy has continued to grow steadily, output growth has seen a decline through the course of the year. This aspect coupled with interest rates continuing on their upward trajectory has affected market sentiment, with capital values turning negative for the first time since 2009 and modest deterioration in markets expected even in the coming quarters.
Additionally with the current level of uncertainty in global financial markets affecting the commercial real estate sector in many economies, especially with the intensification of the euro area crisis, India has also dropped 6 places to be ranked at 19, in relation to its Q4 rental value expectations as a consequence of available space rising at a faster rate and a slack in occupier demand witnessed over the previous quarter………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Despite recent signs of homes getting more affordable, China’s war against its stubbornly high property prices looks set to be a long one, as the government has repeatedly pledged to continue its market curbs until it comes to a “reasonable” level.
Chinese Premier Wen Jiabao again voiced determination to tame the country’s housing costs earlier this week, after nearly two years of trying to cool the property market………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

The Chinese government has been trying to cool the property markets for about two years in an effort to make housing more affordable. Governments at various levels issued regulations that have made it more difficult for people to get loans or make it all but impossible to buy if they already own a few properties.
The housing prices have held up until recently, when statistics showed that prices fell by 0.23% nationally compared with September, faster than 0.03% drop posted in September from August………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Singaporeans are starting to look further afield when it comes to buying property and the new popular location is Johor, Malaysia. The waiting time for a Singaporean to get into public housing and high prices in the secondary market are the main reasons for the shift to Johor.
The certificate of entitlement required to purchase property in the secondary market in Singapore is too expensive for a lot of young Singaporeans, and it can take up to three years to get into public housing according to The Sun Daily………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Taiwan’s housing market remained sluggish last month as new construction volume and value fell 20 percent and 40 percent respectively from September on deepening uncertainty as the presidential election draws near and the global economy falters, a report by the Chinese–language Housing Monthly showed last week.
The monthly report flashed a “yellow-blue” signal for home sales, indicating that the market is at risk of recession in the coming months………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

A series of property projects unmoved due to infrastructure shortage and insufficient management policies are eroding the trust of people into the market. Once the trust is recovered, the market will be able to attract tens of billions of US dollar from residents.
Current prices of properties have exceeded the real affordability of people. Surveys of real estate companies showed that demand for 1-billion dong apartments was increasing sharply. If there is no financial support of banks, the people who really demand houses for living will not be able to access such high apartments whereas the supply of apartments with prices of 2-3 billion dong are in surplus………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Early signs the property market is beginning to improve and that first home buyers are returning has boosted sentiment among industry analysts, but some experts are warning the market still has a long way to go before it starts reversing its decline.
The positive sentiment was sparked by new home financing figures released by the ABS that show the number of dwelling commitments for owner occupied housing rose by a seasonally adjusted 2.2%………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

New Zealand property values have continued their slow grind upwards, underpinned by gains in Auckland and in post-earthquake Christchurch. Property values were 1.2 per cent higher in October than a year earlier and are 4.4 per cent off the peak in late 2007, according to government agency Quotable Value.
Auckland region’s values are just 0.1 per cent from the previous market peak, and have driven national gains in an unequal manner………………………………………..Full Article: Source

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

Posted on 10 November 2011 by Laxman |  Email |Print

Pension funds are looking to increase their real estate investments, particularly in low-risk core real estate, as allocations to the asset class approach their targets, according to Preqin.
Andrew Moylan, research manager for real estate data, said: “Fund managers are looking to make new real estate investments in the future.”……………………………………….Full Article: Source

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

See more articles in the archive

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031