RealtyBizNews: Real Estate News
With the latest on mortgages, refinancing, real estate & home tips
All we ever seem to hear is bad news about the US real estate market. Well, ActiveRain just did a survey of almost 2500 real estate pros, and the infographic below tells their story where the economic recovery is concerned. All in all, a rebounding market seems to be the good news for today.
Housing markets across the country and slowly beginning to recover, leaving many to wonder where – if anywhere – we can expect to see a new housing boom. Today, we present the top five hottest housing markets to watch over the next five years.
Home affordability in the US is on an upward trend, as 74.9% of homes sold in the fourth quarter of 2012 were deemed affordable to families with a US median income of $65,000, up from the 74.1 percentage of the previous quarter. These are the findings of the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).
Seeing the national trends all day long does little to effect a view of the local real estate market picture for those interested. By looking at regional metrics via the research of agencies such as Long & Foster however, mini-trends and more relevant pluses and minuses can be understood. This weeks Industry Snapshot focuses on Northern Virginia.
Spanish property firm Reyal Urbis has filed for insolvency today after a failed attempt at renegotiating its debts to its creditors, thus becoming the latest company to crack under the pressure of the country’s real estate market dire circumstances. The company’s debt at the end of September 2012 was of 3.6 billion euros.
Much to the chagrin of many home buyers, Atlanta is now the main dish on the investor buffet table. As other markets see distressed inventory shrink, the big investors – those with budgets in the millions and some in the billions, including hedge and retirement funds with both domestic and international roots have turned their attention to Atlanta
Direct investment into commercial real estate was up 3% in 2012 in the Europe, Middle East and Africa (EMEA) region, according to new research published by Jones Lang LaSalle. The increase of 2012 was strongly supported by the strongest quarter since 2007, as in Q4 of 2012 real estate transactions amounted to €46 billion, putting the yearly totals at €123 billion (USD 159 billion).
I was reading Google News bits this morning when I ran across a story on the digital version of the Dallas Morning News about a legendary Texas luxury property business. According to the story by the paper’s Real Estate Editor, Steve Brown, the well positioned Rosewood Property Company is on the move investing again. You knew about Rosewood, didn’t you? Oh, you didn’t. Then Read on.
UK mortgage brokers have become more confident in what the overall outlook for the lending market of this year is concerned, The recently released Halifax intermediaries survey showed that 75% of brokers are more optimistic about the mortgage market in the beginning of 2013, up 6% from Q4 of 2012.
UK property asking prices went up by 2% in January froth their December level, leading to a 2.4% year on year increase, as shown by Rightmove data. The property website forecasts that both prices and transaction numbers for real estate will moderately grow in 2013, based on their increase in traffic in the new year.
