Salient to Investors: A Zillow.com study of average home prices in the 50 largest housing markets over 117 rolling 5-yr periods since 1979 found: Real estate prices regularly rollercoast. The biggest risk of loss, 36.8% of the period, occurred in Hartford, Connecticut The least risk of loss – the most
READ MORE... →Salient to Investors: David Weidner writes: Five years into a slow paced economic recovery is good reason to be buying stocks, because rapidly growing economies usually goes belly up as quickly as they rise. The stock market always leads the economy but a 155% rise in the Dow since 2009
READ MORE... →Salient to Investors: Investors are getting rich renting the concrete pads and surrounding dirt on which residents park their homes. JLT & Associates say rents nationwide average $390 per pad per month. Many US counties have banned or discouraged construction of new trailer parks because the inhabitants are poor, pay little in
READ MORE... →Salient to Investors: Dean Maki at Barclays said the housing’s spring selling season is getting a late start in 2014 because of bad weather but the next few months will make up for it. The number of contracts signed with the intention of purchasing properties fell in February to the
READ MORE... →Salient to Investors: Miller Samuel and Douglas Elliman Real Estate said: The median monthly rent in Manhattan fell 2.8 percent in February from a year earlier for the sixth straight decline, and the vacancy rate rose to 1.87 percent. Landlords offered concessions on 9 percent of all new Manhattan
READ MORE... →Salient to Investors: Jonathan Gray at Blackstone said: The institutional buying wave has passed and Blackstone’s acquisition pace has declined 70 percent from its peak last year Blackstone has narrowed most of its purchasing to Seattle, Atlanta, Miami, Orlando and Tampa. Institutional buyers are tapering their buying and are
READ MORE... →Salient to Investors: Inflows into real estate ETFs in 2014 are 43 percent more than all of 2013. Bloomberg said in 2014, 31 percent of money going into US sector-focused ETFs was for real estate. Jim Sullivan at Green Street Advisors said the bond market correctly indicates an OK environment
READ MORE... →Salient to Investors: Home prices are rising faster than incomes in much of the US. Thomas Lawler at Lawler Economic & Housing Consulting said the decline of first-time homebuyers, hurt by rising prices and tougher credit standards threatens to widen the wealth gap between owners and renters. Lawler said potential
READ MORE... →Salient to Investors: The MBA said New Jersey has surpassed Florida in having the highest share of residential mortgages that are seriously delinquent or in foreclosure, with New York third, whereas hard-hit areas such as Arizona and California have some of the lowest levels after allowing banks to quickly foreclose
READ MORE... →Salient to Investors: David Sherr at One William Street Capital Mgmt said buying delinquent mortgages, or non-performing loans, is one of the best ways to play the recovery. NPLs are selling at 60 percent to 80 percent of estimated property values, offering the cleanest exposure to housing. Sales of the
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