It is no secret that California’s affordable housing crisis and worsening wildfire season are driving some residents out of The Golden State. But in case you need an extra incentive to leave, the here a list of cities and states that are paying people to move in. Those places include: Vermont, whose Remote Worker Grant Program funds grants of up […]
US home prices rose at the slowest pace in 6.5 yrs in March, a sign weaker sales are keeping a lid on price increases. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.7% from a year earlier, down from an annual gainer of 3% in February. Price gains in formerly Red-hot cities such as Seattle […]
$DIA, $SPY, $QQQ, $RUTX The Big Q: Are you thinking about entering the realm of investing? The Big A: If you are then you have to take heart in knowing that there are just 2 types of mistakes you can make if you do. The 1st mistake is to just buy something: a stock, a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: This Bull Market is about to have its 10th Birthday! US household wealth fell 3.5% into the close of Y 2018 on the back of a Fed engineered stock market correction in Q-4 that threatened to weaken a near 10 year recovery. In its Quarterly Flow of Funds report, the […]
More Americans signed contracts to buy homes in January as lower mortgage rates gave the real estate market a boost. The National Association of Realtors (NAR) said Wednesday its pending home sales index rose 4.6% last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen since peaking at nearly 5% in early […]
$VNO Citadel, LLC’s founder Ken Griffin closed on the $238-M penthouse at 220 Central Park South,a Citadel spokeswoman said. The purchase price makes it America’s most-expensive home ever. Earlier this month, he paid about $122-M for a 200-year-old home that overlooks London’s St. James’s Park, a short walk from Buckingham Palace. The luxury condo tower […]
$BAC US real estate brokers are trying to figure out why sales of existing homes dove in December. US home sales fell to their lowest mark in 3 years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the National Association of Realtors […]
US Household Wealth +$2-Trillion in Q-3 Driven by Stocks and Real Estate $SPY The stock market rally since 8 November 2016 drove US household net worth to a record high of $109-T in Q-3 The Fed said Thursday that the value of Americans’ stock and mutual fund holdings soared $1.2T. Home values rose $200-B. Other […]
New Tax Breaks Available for Investing in US ‘Opportunity Zones’ The Trump Administration is proposing rules for investors in a new program that it says could have a big impact on economically depressed areas around the country. About 8,700 so-called “opportunity zones” have been set up in all 50 states to lure investors and developers […]
Looking at the US Home Mortgage Market $DIA, $SPY, $QQQ Last week the Dow Jones on Tuesday and Wednesday closed at all-time highs, this week it pulled back. That makes 4 new BEV Zeros in the BEV chart below in the past ten trading days, and that’s something I can’t complain about. If you compare […]
Millennials’ perceived value in buying a home dropped below 50 percent, down significantly from post-Brexit high, according to the latest ValueInsured quarterly Modern Homebuyer Survey: In the third quarter of 2018, 48 percent of all millennials believe buying a home in America today is a good investment; this is a record low, down from 54 […]
The GCC is Seeing a Resurgence in Real Estate $JLL With diversification plans taking shape, 10–year visas on the horizon and Crude Oil prices holding firm, investor sentiment has increased again in the GCC’s property market The resilience of the GCC’s real estate market has proven itself yet again this year, having weathered several stifling […]
Abu Dhabi Sovereign Wealth Fund is the World’s Top Real Estate Investor ADIA is 1 of the richest sovereign wealth funds in the world managing $62.1-B in real estate assets. Abu Dhabi Investment Authority (ADIA) is the #1 real estate investor in the world, a research report said, a sign of Gulf sovereign wealth funds […]
President Richard Nixon’s ‘Western White House’ For Sale at $63.5-M $AGN A home that formerly belonged to President Richard Nixon in California has been put back on the market. The San Clemente, California oceanside home, which Nixon used as his “Western White House” during his Presidency, is now listed at $63.5-M. The current owner, Allergan […]
Assets that Will Suffer on the Return to the Normal Interest Rate Regime $SPY, $GLD, $SLV, $BAC While Treasuries faded a bit after 10-year yields tapped at the 3% mark last week for the 1st time in 4 years, expectations are mounting that higher rates will soon be normal again, that rate historically is 5.0% […]
Bitcoin’s ‘Hot’ and Coming to Real Estate Market $BTCUSD Bitcoin fever has hit the US real estate market, especially in Florida, offering foreign investors a way to avoid currency controls at home and US economic sanctions. As of the end of Y 2017, the digital currency was listed as a way to pay for some […]
Top 10 Nationalities of Real Estate Investors in Dubai Emiratis made the most number of transactions between January 2016 and June 2017 The Dubai Land Department (DLD) has revealed a list of the Top 10 nationalities of real estate investors in Dubai between January 2016 and the end of June 2017. Overall, people from 217 […]
Emaar to List UAE Real Estate Development Business in Dubai The developer will list 30% of its UAE real Estate Development business Dubai developer Emaar has announced plans to list 30% of its UAE real Estate Development business on the Dubai Financial Market (DFM). The funds raised through the sale of equity will be primarily […]
City Developments Limited (SGX:C09) Green Real-Estate CDL unveils bold 2030 sustainability plan, which aims to be the most sustainable real estate firm in the world The new sustainability blueprint introduces a plan to reduce the volume of waste the company’s produces by 50 per cent from 2016 levels, and ensure that half of the company’s construction […]
Dubai Real Estate Report Damac Properties Damac Properties, a pioneering property developer in the Mideast has recorded a net profit of USD240mn for the first quarter of this year, marking net margins of 45 percent. Additionally, the developer posted profits of Dh1.95bn, with gross profit margins of 54percent amid the period, whereas total assets grew […]
Residential Property Sales & Leasing in UAE to be Exempt from VAT $GLD, $SLV, $PLAT The 1st sale of new residential property in the country will be subject to the Zero rate of VAT. Investment Gold, Silver and Platinum will also be Zero-rated. Supplies of residential property including sales and leasing in the UAE will be […]
Real Estate: Property Taxes in US on the Rise Property taxes rose a record-3.2% in FY 2016, according to reports. The 2016 amount of taxes collected was $540,701,000,000 compared to $523,952,380,000 in Y 2015. New Jersey property owners paid the most taxes in Y 2016, reports WalletHub, with annual taxes set at 2.35%. The rate […]
Dubai’s Ruler Receives $1.22-M in UK Farming Subsidies Greenpeace said Sheikh Mohammed was one of the biggest beneficiaries of UK farming subsidies UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has been revealed as one of the biggest beneficiaries of UK farming subsidies over the […]
Dubai Cityscape Global Real Estate Exhibition His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,on Tuesday toured the 15th Cityscape Global real estate exhibition which began today at Dubai World Trade Centre and will conclude on September 8. Some 272 exhibitors from more than […]
Portland, Ore., Phoenix, Atlanta, Las Vegas and Minneapolis/St. Paul are the best metropolitan areas for homeowners, according to a new Bankrate.com report. Click here for the full list: http://www.bankrate.com/finance/real-estate/best-worst-places-for-homeowners.aspx Portland tops the list thanks to inexpensive homeowners’ insurance, few foreclosures and low energy costs. Strong home-price appreciation over the past five years is a common […]
