Lunes, Hulyo 28, 2014

Baja homes for sale in the United States in June 2014

The Commerce Department reported that sales of new homes and apartments fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000 units. The report also revised downward the rate of sales in May, to 442,000 from 504,000.

The purchase of new housing fell 20 percent in the Northeast, followed by less extreme declines in the North Central, South and Western United States. Modest sales made ​​in the market inventory of new homes would increase to 5.8 months, the highest since October 2011 the median sales price was $ 273,500, up 5.3 percent from 12 months ago.

Home sales have improved since mid-2013, only to stumble in the last 12 months due to a combination of rising prices, higher interest rates and meager wage growth.

Pressures mortgage rates have declined since early 2014 and the rate of price increases has declined. However, other indicators suggest that homeownership has stalled after rising from the lows reached during the Great Recession.

The National Association of Realtors (National Association of Realtors) reported that home sales rose 2.6 percent in June to a seasonally adjusted annual rate of 5.04 million homes. This was the first time that sales have been above the psychological mark of 5 million since October.

Economists were encouraged by the second consecutive monthly increase in home sales, but those sales are still below the recent peak of 5.38 million units set in July last year.

Strong winter storms weighed on the sale of both new and used housing in late 2013 and early 2014, so it is unlikely to sell at the rate of last year.

It is expected that the sale of houses and apartments used is less than the 5.1 million homes bought last year and 5.5 million annual sales would be an amount equal to a healthy housing market.

Lunes, Hulyo 21, 2014

Spain is the fourth country in the EU where the most growth in May construction activity

From below comes the sector so that any activity is a major growth. So it should be understood that the production of the construction sector in Spain has increased by 1%, the second highest increase in the euro zone and the fourth in the European Union (EU).

However, according to the EU statistics office Eurostat, Eurozone construction recorded a decline of 1.5% from the previous month.

Thus, construction activity in the eurozone back down after increasing four-tenths of April. Compared to the same month last year, activity in the sector increased by 3.5%.

In the whole of the European Union (EU), construction activity fell 1.6% in May from April, when it increased 0.3%, while in annual terms registered an increase of 3.2%.

Among the countries for which data are available for May 2014, the inter-monthly progress occurred in Hungary (2.3%), Bulgaria (1.7%), Slovakia (+1.6%) and Spain (+ 1% ), while the largest decreases occurred in Germany (-4.9%), Poland (-3.9%), Slovenia (-3.7%) and Czech Republic (-3.6%).

Compared to May last year, the biggest accumulated fall correspond to Romania (-10.3%), Portugal (-10.2%), the Netherlands (4%) and Germany (-2.5%); increases while the lead Spain (42.4%), Slovenia (+ 41.8%), Hungary (28.7%) and Poland (+6.8%).

Lunes, Hulyo 14, 2014

Rentals in NYC and Los Angeles, for the clouds

New Yorkers and Angelenos complain about how expensive it is to live in their cities. Multinational enterprises, with all its resources, would also have reasons to join this complaint.

New York and Los Angeles are two of the three most expensive to live in America cities for expatriates, personnel companies move from other states. Usually these employees receive compensation in accordance with the standard of living of your destination so that companies have to consider the costs before sending.

The other city on the podium of the most expensive in America is Sao Paolo (Brazil), in second place behind New York.

Thus a ranking released Thursday by the Mercer consulting firm and leading two African cities Luanda (Angola) and N'Dajamena (Chad). It is a curious fact that has a logic. In African cities the cost of living for foreign trips for the costs of imports are very expensive in these countries and is the most commonly abused by strangers.

In the case of New York and Los Angeles, the high cost of living in these cities experience all its residents explained they have climbed in the rankings from last year. New York is ranked 16 in the world rankings, eight places higher than last year. Los Angeles in the 62 since climbed 10 places.

Mercer explained that the rise has to do with the fact that the dollar has stabilized its change and rising costs for other cities in other regions have fallen.

For example, housing costs soar in New York who is in this sense as the third most expensive city in the overall ranking. According to a recent study by the real estate firm Douglas Elliman in Manhattan the average rent is $ 4.079 monthly.

The first cities Mercer ranking is also of African, three Asian (Hong Kong, Singapore and Tokyo) and three European (Zurich, Geneva and Bern in Switzerland three).

Lunes, Hulyo 7, 2014

Housing are urged to 4.5% quarter by quarter

The real estate market continues recovering from the crisis and appears to be on the bench. The overall average price of new and used housing stood at 1,328 euros per square meter at the end of second quarter of 2014, representing an increase of 4.5% from the previous quarter, when the house price stood at 1,270 euros per square meter, according to the quarterly report Evaluation Society (ST).

Despite this increase, the average price accumulated 44.7% decrease from the peak value reached in 2007, when it stood at 2,401 euros per square meter. On year, the average price of new and used homes fell 2.3% in the second quarter. While this is a drop well below the 15% drop recorded at the end of June 2013.

Breaking down the data, the price of new housing fell 4.8% in one year and 1.8% in the first six months of 2014, representing a fall of 40% in real terms since maximum, which standing to March 2002 levels. thus the price of the average new home in the provincial capitals stands at 2,002 euros per square meter.

ST stresses that, according to these data, falls are more moderate and the descent is more important in the homes of average quality (-2.7%) than in low-quality housing (-1.6%). In properties of best quality, the decline is 1.3%.

By region, Cantabria and Valencia were showing larger decline in average house prices, with declines of 10.6% and 9.8%, respectively. They were followed closely Galicia (-6.6%), Canarias (-6.5%) and Castilla y León (-5.7%). The declines were less pronounced for Asturias (-1%) and Castilla-La Mancha (-1.2%).

There are no significant improvement

The appraisal indicates that, in general, can not yet speak of a significant improvement in the level of housing demand, although expectations are apparently better appreciated from those six months. "This has been reflected in the progressive reduction of prices charged for six years," he said.

He states that "some stabilization" of housing prices is observed but there is no assurance that have yet bottoming, adding that are not seen in the horizon of possibilities immediately accelerated the absorption of excess supply, which remains abundant, regardless of the appearance on the market of foreign investment funds that acquire large parcels of property.

Finally, it indicates that the Confidence Index, produced by the ST itself gained in the second quarter almost two points from the previous quarter to 40 points out of 100, but still in negative terms.

Miyerkules, Hulyo 2, 2014

Condo Sales Growth Leading the Market Texas Real Estate for First Half 2014

The condos and townhouses were the fastest growing segment of the real estate market in Texas during the first half of 2014, according to the Condominium Sales Report Texas Mid 2014. Published today by the Association of Realtors Estate of Texas, the report shows a double-digit growth in sales of condominiums and townhouses across the four major Texas markets.

According to the report, Austin, Dallas, Houston and San Antonio increased 10.5% on average condo sales between January and May 2014. Individually, condo sales in San Antonio were up 18%, followed by Austin 14%, 6% in Houston and Dallas in 4%.

Dan Hatfield, president of the Association of Realtors in Texas, said: "The burgeoning economic growth in major metropolitan areas in Texas has led to a revitalization and redevelopment of our urban centers, providing new needs and opportunities for the development of condominiums. Condominiums offer greater accessibility and inventory than other types of homes on the market and as a result, are playing an increasingly important role in the Texas real estate market as a whole role. "
Indicative of the growing demand, condominiums have shown a steady growth in the four largest metropolitan areas in Texas, both in price and volume of sales so far in 2014. However, the average price of condominiums, from January to May 2014, which is 226 814 USD between the four major cities of Texas, is considerably less than other homes on the market.

According to Jim Gaines, Ph.D., an economist with the Real Estate Center at the University of Texas A & M, this revival of urban centers of the largest cities in Texas has also led to an increase in condominium development statewide .

"There is little land available for housing development in major metropolitan areas in Texas, especially in urban centers, where demand for housing is stronger," says Gaines. "Developers are now looking up for opportunities to build and invest in multi-family developments, both in the centers and even in some suburban areas. Condo sales are likely to be a major driver in the real estate market in Texas for the rest of the year. "

In Austin, condominiums between January 1349 and May 2014, an increase of 14% over the same period in 2013 were sold., The average price increased to 214 480 USD, an increase of 11% over the previous year. New listings increased by 1% to 1874 listings, while active listings fell 14% to 546 listings and pending sales increased 2% to 1552, from January to May. Finally, the average days on the market dropped to 47, a decrease of 24% over the previous year.

In Dallas, condos between January 2383 and May 2014, an increase of 4% over the same period in 2013 were sold., The average price increased to 160 000 USD, an increase of 4% over the previous year. New listings remained statistically unchanged in 3470 listings, while active listings fell 14% to 1383 listings and pending sales increased 5% in 2361, from January to May. Finally, the average days on the market dropped to 62, a decrease of 15% over the previous year.

In Houston, condos between January 2678 and May 2014, an increase of 6% ​​over the same period in 2013 were sold., The average price increased to 145 000 USD, an increase of 6%. New listings increased by 2% to 4195, while active listings fell 19% in 1464 and pending sales increased 7% to 1697. Finally, the average days on the market dropped to 55, a decrease of 16% over the previous year.

In San Antonio, 271 condos from January to May 2014, an increase of 18% over the same period in 2013 were sold., The average price increased to 105 300 USD, an increase of 9% over the previous year. New listings increased by 23% to 535, while active listings fell 3% to 383 and pending sales increased 25% to 269. Finally, the average days on the market dropped to 95, a decrease of 15% over the previous year.

About Homes Sales Report for Texas Mid-2014

The Sales Report Condos Texas Mid-2014 is based on data from the Real Estate Center of Texas A & M Texas and analyzes data from sales of condominiums and townhouses from January to May 2014 in Austin, Dallas, Houston and San Antonio. The Association of Realtors Texas distributes perspectives on the housing market in Texas every month, including quarterly market statistics, trends among buyers and sellers, sales of luxury homes, international trends and more .

Chamber of Real Estate questions about housing official figures

The president of the Chamber of Real Estate, Felipe Martinez, wondered why there are refugees in the country if the national government and managed to reach the figure of over 100,000 homes built.

He mentioned that in Caracas and other states are still occupied by some homeless shelters; as well as some hotels in the state of Nueva Esparta.

He recalled that the priority given by the national government was delivering housing solutions to those affected by the rains. "Obviously or not it has been given priority, or there are many more homeless or have not been met the goals established families," he said.

In this regard, requested the Executive to clarify the situation, because in his opinion the figure announced in housing is significant. Moreover, he insisted that the country witnessed the construction industry is criminalized in the country, because of a small builders that violated the standards group.

"There is no incentive to private construction companies to carry out projects and produce housing; there is a clear and express intention not encourage it, "said criticizing commissioning brand new Real Estate Leasing Law and agreements with other countries.

"The lease has virtually disappeared in what is the offer that appears in the specialized media," said claiming that there is great uncertainty on the adoption of the statute "so punitive".

Lunes, Hunyo 30, 2014

Foreigners return to buying real estate in USA

The Canadian investor Arthur Wong is buying condos in Las Vegas and Phoenix as a client in a discount store: in quantity and discount prices.

Wong, president of the firm Optimus U.S. Real Estate Fund, has bought 60 condos at discounted real estate firms with financial problems. Wong paid $ 62,500 for each of the 18 condos bought in Las Vegas, which used to cost $ 250,000 per unit.

"This could be an opportunity to invest in real estate of those that occur once in life," Wong, whose company headquartered in Calgary, in the Canadian province of Alberta, has already invested five million dollars in cash and said plans to continue investing in the southwestern United States during the coming months.

Although foreign investment in real estate in the first six months of 2014 were lower than the same period last year, real estate agents from New York to Las Vegas say purchases have increased rapidly in recent months.

Long foreign investors have been attracted by residential real estate in the United States due to the relative stability of the market relative to other nations. But the decline of the dollar in the past six months has reduced further house price for foreigners, and prices are showing signs of stability.

International investors bought 154,000 homes and condos in the 12 months ending in May, representing a decline of almost 10% compared to 170,000 in the same period last year, the National Association of Realtors.

But since June, the dollar has fallen from 9% to 11% against other currencies like the Japanese yen, the euro and the Canadian dollar. The Brazilian real has gained 17% against the dollar in the last six months.

Buyers from Brazil, Canada, France and the Netherlands, for example, have paid mostly in cash for homes with prices ranging from six million to 15.5 million, as the condo buildings located on the 40th East 66th Street New York, just steps from Central Park and in a neighborhood with many shops, restaurants and nightlife.

"(Foreign Investors) They love to have everything at hand when they leave their home," said Barbara Russo, an agent with the real estate firm The Corcoran Group in Manhattan.

Cynthia Crowley, a real estate agent in Manhattan, recently spoke with three Israeli investors who have complained of rising property prices in the country.

"They want to buy," said Crowley, who works with Olshan Realty in New York. "Not only come take a look."

Foreign investors love the low prices and the ailing dollar, but also have confidence that there will be a long-term recovery in the U.S. economy and the resurgence in the housing market. Some want vacation homes, while others just want to rent them.

Buyers from Canada, India, Middle East, Mexico and Venezuela like Houston's neighborhoods and its economy, which benefits from strong oil industry services and health care.

"They also focus on sites where they have friends or family," said Bill Gottfried, managing director of the firm Gottfried International Estates.

Foreign investors often pay cash or offer advances of 40% or more, because it is difficult to obtain financing. Almost half of them paid in cash in the period of 12 months ending in May, said the real estate group.

Florida is the state with more international buyers, representing almost 25% of foreign acquisitions. The state where the sun shines three others followed with warm climates: California, Texas and Arizona.

The house prices in Miami are 50% below its peak reached at the end of 2011 due to foreclosure sales and excess unsold units. With the dollar at its lowest level in 15 months against the euro, the bargains are seductive. Investors are buying homes or condos to two-thirds of the cost they were three years ago.

Peter Zalewski, a real estate agent working in Miami, said that at least seven have been conducted negotiations with special price for wholesale purchase only in the center of the city, with investors from Argentina, Canada, Colombia, Italy, Norway and Venezuela.

Were also conducted similar negotiations in the heavily populated Broward County and the luxurious Palm Beach County, Florida.