Salient to Investors: Real Capital Analytics said non-US firms bought the most Houston office buildings in the past 3 years, spending 4 times more than US REITs, which ranked second. In 2012, Houston made the top five global cities surveyed by the Association of Foreign Investors in Real Estate for the first
READ MORE... →Salient to Investors: China’s swap market is signaling interest-rate increases for the first time since 2011 after inflation accelerated to a 10-month high and the housing market defied government-cooling efforts. Hedge funds are making the biggest bet against copper on record. Edward Meir at INTL FCStone said China’s growth story remains intact, but
READ MORE... →Salient to Investors: Deutsche Bank said Hong Kong prices could fall as much as 20 percent over the next 2 years after lenders raised home loan rates. Buggle Lau at Midland Holdings said the pile of measures plus higher interest rates will be a big challenge for the market – as many as
READ MORE... →Salient to Investors: Grace Tam at JPMorgan Asset Mgmt said nobody knows what will happen next, but Cyprus is something we have already seen happening in Europe, so are not concerned. The MSCI Asia Pacific Index is at 14.9 times estimated earnings versus 14.1 for the S&P 500 and 12.7 for the Stoxx
READ MORE... →Salient to Investors: Congress is debating the biggest rewrite of US partnership rules in 60 years, which may increase taxes for real estate and finance businesses or prompt them to restructure operations to avoid new costs. The Camp proposal would change the rules for businesses such as partnerships that don’t
READ MORE... →Salient to Investors: Alan Higgins at Coutts said Osborne is limited and has to take from one hand to give to the other, and today’s statement is a small opening of the door for more monetary stimulus, though mainly a confirmation of business as usual. Higgins said the bigger news is
READ MORE... →Salient to Investors: Anika Khan at Wells Fargo Securities is optimistic about the housing recovery and sees construction picking up. Morgan Stanley expects residential construction to rise 14 percent in 2013. Jason Schenker at Prestige Economics said housing has huge upside potential for GDP and job creation and the only thing that’s going to drive the substantial improvement to
READ MORE... →Salient to Investors: Harry Dent and Rodney Johnson write: We are entering the last stage of the 80-year New Economy Cycle Commodities topped in 1920, 1951 and 1980. The spending cycle is 39 years and the commodities cycle is 30 years. Gold will fall to $750 The US economy will
READ MORE... →Salient to Investors: JPMorgan Chase now predicts US home prices will rise 7 percent in 2013 and over 14 percent through 2015, and Bank of America predicts prices will now rise 8 percent in 2013 as homebuyers and investors rush to acquire a dwindling supply of properties and the Fed lowers mortgage rates. Samantha McLemore at Legg Mason
READ MORE... →Salient to Investors: Beijing’s strict property curbs are forcing up rents for 7.7 million residents originally from outside of the city who are blocked from buying a home. Bacic & 5i5j say average rents in Beijing have risen 23 percent since 2010, as demand for rentals surged 82 percent – college
READ MORE... →