News Alerts. Oct. 15, 2013. Afternoon Edition. #RealEstate

Linking ≠ endorsement. Enjoy and share:

  1. London's Wealthy Seek Slice of Downton as Prices Rise – Bloomberg

    Country homes are coming back into fashion, after lagging behind urban locations such as London's West End since the 2007 financial crisis when banks cut off mortgages. Prices for manor houses, farmhouses and cottages valued at more than 750,000 pounds climbed at the fastest rate in more than three years in the third quarter, Knight Frank LLP said in a report today, as Prime Minister David Cameron makes reviving the housing market central to his efforts to pull the economy out of recession.

    The program has contributed to the most buoyant housing market since the financial crisis, even as two thirds of 31 economists surveyed by Bloomberg described it as "bad" policy.

    Homebuilders are increasing productivity to satisfy new demand, which may be a mixed blessing for country estates.

    "Prices are moving up against a background of four years of low supply in the country-house market," Bailey [Liam Bailey, global head of residential research, Knight Frank LLP] said. "If this positive sentiment pulls in more supply, that will hang a question mark over the sustainability of this growth."

    Source … http://www.bloomberg.com/news/2013-10-13  /london-wealthy-leave-for-country-life- as-prices-rise.html


  2. My advice for buying in a "hot" market? Don't: Terry Ryder

    Australia; but relevant everywhere the real-estate market has "hot" spots:

    I've seen many articles over the past few weeks advising people about how to buy in a "hot" market.

    Amid all the "expert" commentary the only sensible advice I've read came from Perth property professional Gavin Hegney, who said: "My first thought is that buyers should not be aiming to buy in a hot market."

    Hegney's thoughts mirror my own advice to investors on how to buy in a boom market: "Don't."

    Investors have the whole of Australia from which to choose. Only a fool would choose to buy in one of the few markets where competition is extremely high and buyers are paying silly prices to secure properties.

    Of course, it fully depends on when you get in and out. Get in early, and don't wait for the peak and then downturn to try to sell if you want to capitalize on price appreciation. Be warned. Knowing when it's early and when it's about to peak are not easy feats.

    Source … http://www.propertyobserver.com.au/hotsp ots/my-advice-for-buying-in-a-hot-market -don-t-terry-ryder/2013100765548


  3. Real Estate Investing Expert, Mike Eckerman, Announces the Five Best Strategies to Be a Savvy Real Estate Investor in Todays Las Vegas Market – 50M Club

    …Eckerman [Mike Eckerman, CEO of Novus Dia Financial] announces five important strategies to follow in order to become a savvy and sophisticated real estate investor in the Las Vegas market.

    1. Know the Market: …

    2. Treat the Investment like a Business: …

    3. Build a Network: …

    4. Understand the Risks and Have and Exit Strategy: …

    5. Have a Reliable Network of Professionals: …

    Of course, he fleshes out those points.

    Source … http://www.50mclub.com/2013/10/14/real-e state-investing-expert-mike-eckerman-ann ounces-the-five-best-strategies-to-be-a- savvy-real-estate-investor-in-todays-las -vegas-market/


  4. Big Banks Can Be Dismantled, Say U.S. and U.K. Regulators – Bloomberg

    Better than not:

    The 2010 Dodd-Frank Act empowered the FDIC to seize a firm and dismantle it if regulators think it can't pass through bankruptcy without posing a significant threat to the financial system. This so-called resolution authority hasn't yet been tested, nor have the regulators finished telling banks how it will work.

    "We are prepared," Murton ["Art Murton, a senior Federal Deposit Insurance Corp. official in charge of planning how to dismantle complex firms"] said, adding that the agency is still trying to work out the difficult cross-border issues and will be even more ready in another year.

    Source … http://www.bloomberg.com/news/2013-10-13  /big-banks-can-be-dismantled-say-u-s-an d-u-k-regulators.html


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