News Alerts. Oct. 22, 2013. Morning Edition. #RealEstate

Linking ≠ endorsement. Enjoy and share:

  1. Why are rich foreigners actively buying real estate in France? – The Voice of Russia

    The number of foreigners buying real estate in France has increased by 0.7 percent over the past year. Some experts link this to the fall of prices on the elite dwellings due to the outflow of the well-off French citizens who are dissatisfied with the tax policy of French President François Hollande.

    Source … http://voiceofrussia.com/2013_10_20/Why- rich-foreigners-actively-buying-real-est ate-in-France-7631/


  2. Sun shines on Valley [Phoenix] housing market

    Most areas have experienced double-digit increases in home prices so far this year, and a few parts of the region have seen values return to boom levels. Many areas of the Valley with the most affordable houses continue to see the biggest percentage increases, according to The Republic's analysis of sales information provided by real-estate-data firm Information Market.

    During the first nine months of the year, home sales have been a bit off last year's pace. The huge drop in the number of foreclosures and short sales for investors to purchase cheaply is behind the overall drop.

    The Valley neighborhood with the biggest increase in values this year is in south Phoenix. In ZIP code 85040, the median price climbed 52.8 percent to reach $76,500 in September.

    52.8%!

    Source … http://www.azcentral.com/news/articles/2 0131014phoenix-housing-market-up.html?nc lick_check=1


  3. Flood's impact on Boulder-area housing market could be long-term – Boulder Daily Camera

    Following last month's historic flooding across Boulder County, rental options diminished and homebuyer ranks grew as displaced residents sought shelter; plans to list homes were temporarily shelved because of water damage; and work on new homes was set back by months for repairs and mitigation efforts.

    Area real estate observers and research indicate that the flood and torrential rains may not only affect the local housing industry in the short term, but also the long term.

    Studying other disasters

    A week after the flood, local Realtor Steve Altermatt wanted to get a better understanding of what the Boulder-area housing landscape would look like months from now.

    So Altermatt, a Re/Max of Boulder Realtor with 28 years of experience, turned to researching past disasters' effects on their respective housing industries.

    ..

    Just how the floods will affect the home-buying process in the future remains to be seen, but Parvez ["Osman Parvez, a Boulder real estate agent"] suggested concerns related to water damage and location may sit at the top of buyers' minds.

    "But I think the biggest surprise for me, (what) shocked me ["Michael Markel, a 40-year veteran in the local home-building industry and owner of Markel Homes"], were the areas that weren't major floodways in some neighborhoods that got devastated."

    Flood insurance for places that aren't in recognized flood zones/paths is not a necessarily bad idea, not necessarily a waste of money.

    Source … http://www.dailycamera.com/boulder-busin ess/ci_24345181/


  4. Real Estate Market Woes Cause Banks to Downsize

    This is the first article we've seen that focuses upon the lost jobs in the way it has.

    The real estate market has always been a tricky market, with results constantly rising and falling from month to month. Now, however, the numbers in the real estate market are causing banks to have to downsize in order to keep up.

    In recent years the real estate market, though not perfect, was just well enough to keep businesses going. Interest rates and asking prices were at a medium standpoint in comparison to the previous years. Now interest rates and asking prices are at a much higher rate in the year 2013 and fewer people are entering the market.

    These problems with the real estate market are now effecting the workforce as banks are laying off high numbers of employees in their mortgage departments.

    Source … http://guardianlv.com/2013/10/real-estat e-market-woes-cause-banks-to-downsize/


  5. Irish Americans are snapping up palatial Irish properties at bargain prices | Irish News | IrishCentral

    Foreign investors are leading to a revival in the Irish market according to the survey.

    David Ashmore, an executive at the Sherry Fitzgerald agency, confirmed that interest from foreign investors and particularly from the US, continues to be 'robust'.

    Ashmore revealed that 90 per cent of the top sale homes in excess of $3million last year were purchased by international buyers.

    Source … http://www.irishcentral.com/news/Irish-A mericans-are-snapping-up-palatial-Irish- properties-at-bargain-prices-228524901.h tml


If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

Did this post help you? Let us know by leaving your comment below.

Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.

Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.

We do not necessarily fact checked the contents of every linked article or page, etc.

If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.

The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?

For our part, we believe in strong regulations and strong regulators.

We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.

We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.

Subscribe