Salient to Investors: MNS said 15,300 new rental units are under construction or planned in the next 2 years for Brooklyn, versus 1,700 planned condos. Developers see rentals as a safer bet in a market where rents are climbing faster than in Manhattan and neighborhoods such as Bushwick, Greenpoint and
READ MORE... →Salient to Investors: Miller Samuel and Douglas Elliman Real Estate said: Purchases of condos and co-ops in Manhattan rose 30 percent from a year earlier to the second-biggest quarterly total in 24 years of record keeping. The pool of homes on the market is 22 percent lower than a year
READ MORE... →Salient to Investors: William Pesek writes: Asia represents more than half the global economy. Softbank founder Masayoshi Son’s $326 million purchase of Tokyo’s landmark Tiffany Building may be a sign Japan’s long-suffering property market is turning around – the success of this investment will be a good barometer. Every scrap
READ MORE... →Salient to Investors: Jeremy Grantham at GMO said: Commodity prices fell for a hundred years by an average of 70 percent, and then from 2002 basically everything tripled and regained the whole decline in 6 years – tobacco was the only commodity that fell. The game changed because of the
READ MORE... →Salient to Investors: The Bloomberg mall REIT index has fallen 5.4 percent in 2013, the worst performing part of US property stocks, on sluggish retail sales and limited opportunities to expand, after posting the biggest increases from 2009 through 2012. Hoteliers and self-storage landlords are the top-performing REIT sectors in 2013.
READ MORE... →Salient to Investors: Mohamad Nasir Ab. Latif at EPF, Malaysia’s largest pension fund, said they were net buyers of Malaysian stocks during recent declines as foreign investors cut their holdings, and are looking at real estate in Europe and the US to diversify risk. The fund also plans to raise
READ MORE... →Salient to Investors: John McGrath at McGrath Estate Agents said: Home prices in Sydney could rise 5% to 10% by as much as 10 percent over the next 12 months, because as much as 80 percent of homes in parts of Sydney are being sold to Chinese buyers, driven by
READ MORE... →Salient to Investors: A Bloomberg poll of investors, analysts and traders showed: 40% see the euro-area economy as improving, more than 4 times the number in May 40% see the world economy as strengthening, the most since January 2011. 52% expect stocks to produce the best return over the next
READ MORE... →Salient to Investors: Mortgage lenders are warning that the drop in demand for refinancing may be steeper than expected as surging interest rates crimp demand and cast doubt on how much the housing market will improve. Guy Cecala at Inside Mortgage Finance said yesterday’s Wells Fargo comments and Bank of
READ MORE... →Salient to Investors: Tim Sloan at Wells Fargo said rising mortgage rates won’t slow the housing recovery because new families are being created and homes are still affordable. Read the full article at http://www.bloomberg.com/news/2013-09-09/wells-fargo-says-rising-rates-won-t-snuff-out-housing-recovery.html Click here to receive free and immediate email alerts of the latest forecasts.
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