RE/MAX Launches New Website
June 30, 2009
According to a recent press release from RE/MAX International the new site is “Clean. Simple. Smart. Powerful.” It’s been redesigned to make buying , selling, and managing real estate more intuitive with loads of new features and tools some of which include an easier way to search for homes, a RE/MAX agent or a RE/MAX office. Read more
Banks May Decide to Hold On to Troubled Loans
June 29, 2009
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According to an article in Reuters, some banks may be taking a play out of the 90’s handbook. Instead of selling or taking a loss on troubled loans, some banks may hold on to the loans and try to ride it out. Experts at the Reuters Global Real Estate Summit are projecting that commercial real estate downturn is nowhere near the bottom. They are also predicting that home sales may stay somewhat subdued until the economy improves.
Of course, this may impact the ability of developers and others to get new financing for commercial projects, further depressing the market. The latest numbers from S&P Case-Shiller Home Price Indices show a price decrease of 19.1 for single family homes in the first quarter.
However, there is some light at the end of the tunnel. Many economists believe that home prices are near the bottom. You can read the rest of the article here Life or Something Like It movie Auntie Mame dvdrip
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Canadians Find U.S. Property More Attractive
June 29, 2009
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Economic Decline Deepens in Europe
June 24, 2009
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A full-scale recovery in world trade and foreign investment may be slowed by the sluggish economies of Europe. The recessions in the European Union, as well as the United Kingdom and Japan, appear to be turning into deeper and longer ones than the United States has been having, reports Anthony Faiola of the Washington Post. In May, Great Britain reported the steepest economic quarterly decline in 30 years.
In comparison, the economic downturn in the United States, whose financial crisis led to a global recession, is turning into a more measured decline. The pace of job losses has eased and financial markets are showing signs of reviving.
The 27-nation European Union accounts for almost a quarter of the world’s economic activity. Its slow emergence from the financial crisis may slow recovery around the globe.
You can track economic conditions in the European Union and for individual EU members using this interactive map
from the Dutch news site NRC. The map shows figures for all the member states by year and quarter. It also lets you compare them by budget deficit, unemployment rate, national debt and economic contraction.Battle for the Planet of the Apes movie full Missing Lynx buy
World Housing Market Struggles
June 24, 2009
Housing markets around the world continue to struggle amid economic stagnation or decline and rising unemployment, according to Knight Frank’s Global Housing Index for 1Q 2009
. On the positive side, 15 countries showed average price increases, year on year. Israel was the top performer, recording growth of 10.9%. The Czech Republic followed with growth of 9.9%. The worst performers were Dubai and Latvia which recorded falls in average prices of 32% and 36% respectively.
The shorter term economic outlook suggests that the world’s housing markets are likely to continue to suffer for the remainder of 2009. On a quarterly basis, the most dramatic fall in prices occurred in Dubai with -40 percent and Singapore with -16.2 percent. The best performing markets were Jersey with a 5.6 percent increase in values and Finland with a 4 percent increase.
“The world’s housing markets remain under intense pressure with little real evidence of any of the hoped for ‘green shoots’ and even the improvement in performance shown in some countries in the last quarter may yet turn out to be a false dawn according to some commentators,” says Nick Barnes, Knight Frank’s head of residential research.
Hotel Industry still Moving
June 19, 2009
An overall decline in travel has hit the hotel industry fairly hard. Despite dipping revenues, properties are being bought and sold. In San Clemente, California Sunstone Hotel Investors (REIT) has sold the its Marriott Riverside hotel in Riverside to San Diego based Pinnacle Hotels group. The move is surprising, since last week Sunstone disclosed that it is walking away from a $65 million mortgage on its W Hotel in San Diego. The company has also liquidated one of its hotels in Napa. For a complete list of Sunstone hotels, visit http://www.sunstonehotels.com
Atlas Hospitality released a report on California hotel sales earlier this year showing sales in California fell dramatically both in number of transactions and dollar volume in 2008. The trend will also continue this year and is indicative of the commercial market across the US.
However, it is not all bad news. UK based Intercontinental Hotels Group is planning on taking over stalled residential projects. IHG operates over 4,200 hotels in just under 100 countries and owns seven hotel brands.
Companies Favor Expanding in Mexico
June 19, 2009
The future looks brighter for Mexico, according to AMR Research reports, despite the 46 percent decrease in Foreign Direct Investment, an estimated loss of half a million jobs in the first half of this year, H1N1 flu virus, drug wars. The slump in investment is mostly due to the global recession, not to economic mismanagement as in the past.
Companies looking to expand in Mexico outnumber those planning to cut back by 5 to 1, compared to outsourcing competitor China’s ratio of 2 to 1. Mexico has enhanced its position as a global manufacturing and design base for products from appliances to aircraft parts. For example, Business Week reported Living Death full Sylvia movie download Sylvia movie full A Good Night to Die move Shipwrecked psp A Walk to Remember video
Local governments collaborate with universities and private industry to upgrade their workforces, parts supply networks, research and development programs and infrastructure. And the value of the peso against the dollar has dropped 41 percent since August, making Mexico an even cheaper place to manufacture goods.Intoxicating full
Green Certification Moving Toward Common International Metrics
June 19, 2009
Currently, a number of green building rating systems exist throughout the world but there is no international standard. The leading rating systems per ClimateChangeCorp.com
include the United Kingdom’s Building Research Establishment’s Environmental Assessment Method (BREEAM), Australia’s Green Star program, and the United States’ Leadership in Energy and Environmental Design (LEED).
LEED certification, which is offered by the U.S. Green Building Council, rates how a building was built. The United States also has Energy Star, a technical assistance program that provides tools and resources to help evaluate energy performance and reduce energy use and greenhouse gas emissions.
The lack of an international standard may soon change. BREEAM, LEED and Green Star have agreed to develop common metrics for measuring CO2 emissions. This initial step will help international property developers and building owners monitor the energy performance of their global asset portfolio.Space Jam film
Overseas Investment in the US may be on the Rise
June 18, 2009
The beleaguered US commercial real estate market may be getting some much needed capital from foreign investors. A survey conducted by the Association of Foreign Investors in Real Estate (AFIRE) is showing some promising numbers.
According to the survey, in the past six months the confidence level of overseas investors has gone up. Over two-thirds of survey respondents among the 200 members stated they planed to invest some debt or equity in the US real estate market before the end of the year. Foreign real estate lenders say they also plan to increase lending by 58 percent and equity investors plan to increase investment activity by 73 percent in the US.
Current market activity may be partially responsible for the survey results. The highly publicized purchase of AIG headquarters earlier this month by Korea based Kumho Investment Bank may have helped.
As part of the survey, investors also ranked which US cities they felt would recover first. Washington, DC took the top spot, followed by New York City (which ranked first last year), San Francisco, Boston and Los Angeles. You can read the full survey on AFIRE’s website here
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Keller-Williams agents make a move to RE/MAX
June 17, 2009
It’s no secrect that the strongest marketing plan for recruiting agents to Keller Williams is, well, recruiting. KW pays agents, by way of profit sharing, for bringing on new agents. In theory it sounds great, and for some it is extremely profitable, but for one Keller Williams recruiter and coach it wasn’t enough. Genny Williams left Keller Williams in search of an office that “valued professionalism and talent as much as she did.”
Apparently she found what she was looking for in RE/MAX Adantage South because nearly 30 agents from her former KW office quickly followed her. Read more
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