Sun, Oct 26, 2014
A A A
Welcome hendrik.absolut
RSS
Real Estate Briefing 19.Dec 2012

Posted on 19 December 2012 by Laxman |  Email |Print

Home prices finally hit a bottom in 2012. So will 2013 be the year of recovery or relapse? This is the second in a series of blog posts about where housing is headed next year. Potential buyers now have something they haven’t had in a long time: urgency (save for a few months when the government was paying people to buy homes with a first-time home-buyer tax credit).
This next year will be the first time since 2006 where prices ended the previous year in positive territory. Surveys already show that buyers’ expectations of future home prices have improved throughout the past year………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

According to National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today, builder confidence in the market for newly built, single-family homes rose for an eighth consecutive month in December to a level of 47. This marked a two-point gain from a slightly revised November reading, and the highest level the index has attained since April of 2006.
“Builders across the country are reporting some of the best sales conditions they’ve seen in more than five years, with more serious buyers coming forward and a shrinking number of vacant and foreclosed properties on the market,” observed NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

Recent data relating to new home sales, housing permits, declining inventory levels, and rising housing prices are sufficient indicators of an improving U.S. housing market. The sector suffered since 2006 when house prices had fallen by more than 30% across the nation. The decline had been twice as much in some of the metros. Declining house property ate away home equity, wiping out trillions of dollars held by individual households.
Delinquency and foreclosure rates on home mortgages were at an all time high, at levels unseen since the Great Depression. Recessionary conditions along with rising foreclosures in recent years caused the national homeownership rate to decline from its 2004 peak of 69% to under 66% in 2011………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

Now is the time to invest in US property, with the market showing signs of making a full recovery. Frank Nothaft, Freddie Mac vice-president and chief economist, explained real estate has defied the expectations of analysts and is fighting back in several key areas.
“The last few months have brought a spate of favourable news on the US housing market with construction up, more home sales, and home-value growth turning positive,” he said. “This has been a big change from a year ago, when some analysts worried that the looming ’shadow inventory’ would keep the housing sector mired in an economic depression………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

Homebuilder confidence in the U.S. improved for the eighth straight month in December, according to a report released by the National Association of Home Builders on Tuesday, with the housing market index rising to a new six-year high.
The report showed that the NAHB/Wells Fargo Housing Market Index climbed to 47 in December from a revised 45 in November. Economists had expected the index to edge up to 47 from the 46 originally reported for the previous month………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

Despite lower expectations for the economy’s progress as a whole this quarter, home sale and price trends suggest housing finally represents “a tailwind to growth,” according to a monthly economic outlook released today by Fannie Mae’s Economic & Strategic Research Group.
“The housing market has turned the corner and a sustained recovery is under way,” the report said, despite some significant challenges that remain ahead, including tight lending conditions, uncertainty surrounding mortgage regulations, and the fiscal cliff………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

Recently, JP Morgan Chase & Co (JPM) provided coverage on the housing market and released projections in regards to where home prices are headed over the next year.
JPM provided two scenarios that are both favorable considering how the bearish scenario would probably satisfy the vast majority of homeowners in the US. JPM’s bullish scenario projected home prices could spike as high as 9.7% in 2013, while the bearish scenario suggests a 3.4% increase………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

The Canadian Real Estate Association released its latest home sales data on Monday, showing a nearly 12-per-cent year-on-year drop in the number of home sales in November. But what emerged is a picture of many, very different housing markets. Though the overall numbers were negative, two of every five local markets actually saw a pick-up in the number of sales.
To figure out which markets are strongest and which are weakest, we looked at CREA’s total dollar value statistics, which measure the market by adding up the value of all sales in a given area………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

There’s a lot of chatter today on the Canadian real estate market — that Canada will soon go the way of the U.S. real estate market circa the 2000’s. Those who write such poppycock (been dying to use one of Conrad Black’s favourite words) have not taken the time to read a study or two of the underlying conditions in the Canadian market, compared to the U.S. in the lead up to the mortgage crisis.
First off, let’s be clear. The Canadian market is starting to correct. Housing starts are falling, though average housing resale prices are still holding up relatively well in most areas………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

The imbalance in Britain’s property market was laid bare today by official figures showing house prices were up 1.5 per cent in the year to October – but more than half of the rise was delivered by London and the South East.
The ONS figures, which lag other major house price reports by at least a month, showed a 0.2 per cent monthly rise to a UK average of £231,000. As well as growth in London, the increases in England were fuelled by a 3.1 per cent annual rise in Yorkshire and the Humber while prices were flat in the North East and fell 0.8 per cent in the West Midlands, the ONS said………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

The property sector has had a challenging 2012 with both rents and capital values squeezed by the economic backdrop, and next year could again prove a rough ride.
Although central London will remain a favourite pick, asset management will be key in 2013, Michael Morris, chief executive officer of Picton Capital, the wholly owned subsidiary of investment company Picton Property Income, said………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

More than one in four wannabe first time buyers say that it will take them ten years or more to raise the necessary deposit to buy a property, say the BSA in their 19th edition of Property Tracker.
26 per cent of potential buyers surveyed at the end of 2012 believe that they can raise a deposit in three years or less. This is in stark comparison to the 69% who said they did this before the start of the credit crunch in 2008………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

Dubai’s property market will grow at a steadier and more stable pace over the next year, providing solid investment opportunities for the savvy investor, leading executives in the industry said. Independent reports have put the growth in prices of real estate in Dubai through 2012 at anywhere from 7-19 percent, depending on location and the quality of the project.
Ziad Al Chaar, DAMAC Properties Managing Director, said that growth is sustainable in the near future, if you know where to look: “2012 has delivered on our predictions at the start of the year – prices in the Dubai market steadily grew with each quarter outperforming the last. In 2013 buyers will definitely be able to benefit from this capital growth, but will need to be very savvy about where they invest and in which projects in each area.”……………………………………….Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

Asian property securities led the way in terms of total return during this year, as the Henderson Horizon Asia Pacific Property Equities fund and the First State Asian Property Securities fund are the top two performers in the IMA Property sector year to date, returning 36.2 per cent and 33.5 per cent respectively.
In total, 12 members of the IMA Property sector have delivered returns of over 20 per cent this year, all of which invest in property securities. Seven members of the sector have lost money this year, all of which invest directly in property………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

After a long campaign to tamp it down, the Chinese property market may be set to give the world’s No. 2 economy a lift next year.
A government survey released Tuesday showed that average housing prices in China rose at a faster pace in November from the month before, following largely marginal gains since June. Sales and investment picked up in recent weeks in part because of a growing perception that prices have bottomed out, analysts said………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

Is this a bubble or not? Housing sales in China are back up in November. Well, sort of. Caveats abound on China’s economic statistics, including those on the property market. But if there is one thing to remember, it’s this: monthly data look very different from yearly data. And yearly is almost always a better guide.
Chinese news agency Xinhua said in its headline “More Chinese cities see rising home price“. That’s true, to an extent. Compared with October, 53 out of the 70 cities in the sample saw house sales increase in November. In October, 35 cities had seen more sales than in the previous month………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

Australia’s property market will be on the rebound in 2013, having reached the bottom of the property cycle, according to the First National Real Estate 2013 Property Market Outlook.
“Our members are looking forward to 2013 where the market is expected to build on the momentum already seen over the last six months of 2012,” Ray Ellis, the First National Real Estate chief said. “Almost three-quarters of our members say the market has bottomed or will do so in the coming six months………………………………………..Full Article: Source

Posted on 19 December 2012 by Laxman |  Email |Print

The likelihood of house prices rising in real terms in 2013 are “not good”, according to the University of Western Sydney’s professor Steve Keen, who says his 2008 call of a slow 40% fall in Australian house prices over the next 10 to 15 years is looking “healthy”.
According to Keen, for house prices to perform better than the current inflation rate of 2% would require that property price growth start to accelerate. However, he says the opposite has been happening following a “slight uptick in nominal prices over the last six months”………………………………………..Full Article: Source

See more articles in the archive

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