Archives for October 2011

Agents are Clowning Around, Trying to Sell Luxury Homes



Real estate professionals involved in selling luxury homes are having to think more and more outside of the box in order to lure potential buyers to their multi-million dollar mansions, with the latest ideas including free Botox treatments, hosting mini-circuses, and lately, parading models outside the property. “The price is still the key, but what […]

Property Prices in India Continue to Rise, but Is the Market Overheated?



There are construction sites everywhere, especially in the new-age design townships of Noida and Gurgaon, but many are nowhere near completion as cash-strapped developers such as DLF seek to offload assets in an effort to improve cash flow. It’s no secret that many builders are in a bit of a fix, but in spite of […]

The Rest of Europe May Fear another Recession, but Albania’s Bucking the Trend



Although there are real fears of Europe slipping into another recession, a recent report released by the International Monetary Fund shows Albania is bucking the trend, with GDP growth for 2011 predicted to be around 2.5%, increasing to 3.5% in 2012. The growth forecast for this year is lower than the 3% GDP growth seen […]

RBI Policy Rate Hike Could See India Property Prices Increase



The price of family homes in India is set to increase after real estate developers announced that the costs associated with the decision by the Reserve Bank of India (RBI) to raise policy rates would be passed onto home buyers. The RBI took the decision to raise policy rates last week in order to fight […]

5.7% Rise in New Single-Family Home Sales



After seeing sales of new single family homes decline for four straight months, we finally saw a rebound during September, with new home sales in this category rising by 5.7%, according to the Commerce Department. Associated Press reported that one of the biggest reasons for the jump was that builders finally saw sense and reduced […]

Market Watch Nashville – Where The Stars Are Always Shining And A Song Is In The Air



Nashville is the heart of country music, yes, but did you know the Volunteer State is known for much more than the Grand Ole Opry? For example, Nashville is a historic city. Not only did President Theodore Roosevelt coin the phrase “good to the last drop” after drinking a cup of coffee that was produced […]

Concierge Auctions Names New Regional Director



Concierge Auctions, the nation’s foremost luxury real estate auction firm, has promoted Mark Hughes to lead the company’s client services efforts in the tri-state region. During the last 18 months, Mark has been originating business nationally, and his new role will encompass broader commitments to supporting key luxury markets in the US on a regional […]

Is China’s Property Price Boom Finally Coming to an End?



Property developers in some regions of China are offering discounts to buyers in an effort to keep the market moving and although it may be far too soon to interpret this as the beginning of a slowdown in the property market, it does look as if things are becoming less positive. Recent government measures to […]

Cheaper, Smaller Homes Just Perfect For Most Baby Boomers



Baby boomers looking to move away to the sun or to be closer to their families during their retirement are searching for cheaper, smaller homes with easy access to medical care, according to a recent poll carried out by Associated Press in conjunction with LifeGoesStrong.com. The survey, which questioned 1,000 adults born between the years […]

Kelly Sabino Appointed by US Mortgage Corporation to Lead Reverse Mortgage Division



US Mortgage Corporation, a leading national banking company specializing in residential mortgages, has announced the appointment of Kelly Sabino as Director of its Reverse Mortgage division. A reverse mortgage is a government insured loan, allowing seniors aged 62 or older to access equity in their home, relieving the burden of mortgage payments throughout their retirement […]

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