Salient to Investors: Rightmove said UK home sellers raised their asking prices to the most for a February in 5 years as potential buyers increased, while half of purchasers are doing so for at least the third time versus only 22 percent of first time purchasers. Miles Shipside at Rightmove said it’s far
READ MORE... →Salient to Investors: Governments from Singapore to Dubai to Hong Kong are moving to cool overheated property markets and avert property bubbles. discovered Switzerland is having its biggest property boom in two decades, with prices pushed higher by the influx of 50,000 people a year. The UBS Swiss Real Estate Bubble Index remained in
READ MORE... →Salient to Investors: Acadametrics and and LSL Property Services said the the average price of a home in England and Wales increased 3.1 percent from a year earlier. 6 regions posted an increase in annual prices, 4 posted declines, London led gains, rising 9.4 percent. David Brown at LSL Property Services said market
READ MORE... →Salient to Investors: Federal Reserve Governor Jeremy Stein says: Significant reaching-for-yield behavior in corporate credits are early signs of potentially excessive risk-taking, while not posing a threat to financial stability. A decline in the quality of debt through greater subordination or less use of protective covenants also signal reaching for yield. It
READ MORE... →Salient to Investors: Climbing home prices are lifting household wealth and boosting the purchasing power of consumers. Declining mortgage delinquencies and foreclosures are giving banks greater leeway to lend. Rising property-tax revenue is alleviating pressure on state and local governments to cut budgets. Mark Zandi at Moody’s Analytics said the housing
READ MORE... →Salient to Investors: JPMorgan Chase Private Bank put individuals and families with more than $5 million into a partnership that bought over 5,000 single family homes to rent in Florida, Arizona, Nevada and California. David Lyon at JPMorgan said investors can expect returns of up to 8 percent annually from rental income as well
READ MORE... →Salient to Investors: A plunge in US home listings to a 12-year low is driving up prices and many potential sellers are holding off until values rise more, while investors snatch up distressed properties before they reach the market. Builders can’t increase production fast enough. One home in Washington attracted 168
READ MORE... →Salient to Investors: Suanjin Tan at BlackRock said the avalanche of new deals has investors fatigued, and continued home-price restrictions and a slowing economy means being selective. Tan sees a big mindset shift in the past year with fears of a huge property market collapse in China gone: the risks are there but very few
READ MORE... →Salient to Investors: A. Gary Shilling at A. Gary Shilling & Co writes: Investor zeal for yield and disregard for risk favors the junkiest of the junk. When the grand disconnect between investor focus on the immense liquidity created by central banks and weak and weakening global economies becomes unsustainable, probably
READ MORE... →Salient to Investors: The S&P/Case-Shiller index of property values increased 5.5 percent from November 2011, the biggest year-over-year gain since August 2006. The NAR said the 1.82 million existing homes on the market last month were the fewest since January 2001. Mortgage rates near a record low are propelling demand that’s outpacing supply. Freddie
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