“We’re more bullish on capital availability this year than we have been in the last five years," said Tom Melody. "Lenders all have greater allocations and equity capital is as available, or more available, than we’ve ever seen it before. Despite some near-term macro-economic headwinds, investment in United States real estate remains one of the few 'safe havens' relative to other developed markets.”
“The most aggressive deals are only happening at the very high-end of the market, so this isn’t an industry-wide phenomenon,” said Tom Fish, the other co-head and executive vice president of Jones Lang LaSalle’s Real Estate Investment Banking. “We’re at an inflection point, as property fundamentals are holding up in a slowly improving economy, but there are uncertainties on the horizon with respect to long-term rates." http://www.costar.com/News/Article/More- Institutional-Capital-Chasing-CRE-as-Saf e-Haven/145690
This will keep renters renting rather then buying homes.
Wal-Mart Stores Inc. had the worst sales start to a month in seven years as payroll-tax increases hit shoppers already battling a slow economy, according to internal e-mails obtained by Bloomberg News.
When a payroll-tax break expired Dec. 31, Americans began paying 2 percentage points more in Social Security taxes on their first $113,700 in wages. For a person making $40,000 a year, that is about $15 a week.
The extra tax bite is about equal to a year of car insurance for a family making $30,000 or a basket of groceries per month for a family making $50,000, according to Wal-Mart’s analysis. http://www.bloomberg.com/news/2013-02-15 /wal-mart-executives-sweat-slow-februar y-start-in-e-mails.html
In its report, “Transition to ‘Normal’?”, Fannie says while the housing market has shown improvement, uncertainty remains over both the economy and the real estate market. http://realtormag.realtor.org/daily-news /2013/01/30/what-will-new-normal-for-ho using-be
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