News Alerts, Sept. 13, 2013, Afternoon Edition, #RealEstate +

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  1. Sober Look: Update on Indonesia: 6 indicators of worsening situation News Alerts, Sept. 13, 2013, Afternoon Edition, #RealEstate +

    Excellent overview of Indonesia’s economic situation:

    Here are the latest economic and financial indicators for Indonesia (see post), as financial conditions there continue to worsen.

    Read the source article …

  2. Shiller Warns of Housing Bubble After 225% Surge: Brazil Credit – Bloomberg News Alerts, Sept. 13, 2013, Afternoon Edition, #RealEstate +

    Robert Shiller, who predicted the collapse of the U.S. housing market, is warning that a bubble is emerging in Brazil at a time when a sluggish economy and persistent inflation are eroding investor confidence.

    Since January 2008, home prices in Sao Paulo have soared 181 percent and jumped 225 percent in Rio de Janeiro, according to the FIPE Zap index. That’s as much as twice the increase in rent prices, signaling that the housing market has become overheated, according to Shiller, a Yale University professor who helped create the S&P/Case-Shiller Index (SPCS20) of U.S. home prices, which has dropped 13.7 percent since 2007.

    Brazil’s housing price surge is not a bubble, Rezende said in an interview in Brasilia. It reflects pent-up demand after years of hyperinflation that plagued the economy in the 1980s and 1990s, he said.

    “Between 1984 and 2002, real-estate values depreciated,” Rezende said. “There was economic stagnation, hyperinflation, wage loss, high unemployment. So what we’ve seen since then is a readjustment of prices recovering from that undoing.”

    Gustavo Franco, a former central bank head who founded Rio Bravo Investimentos, said there’s no housing bubble in Brazil. Franco, who said the real-estate boom across emerging markets has reached the Sao Paulo neighborhood where his company located eight years ago, predicts real-estate investment funds will double in two years as middle-class Brazilians continue to realize their dreams of owning a home.

    However, it’s a bubble if Brazil (an emerging-market nation) tanks. It’s all relative after the fact.

    Read the source article … -of-housing-bubble-after-225-surge-brazil-credit.html

  3. RentMetrics helps landlords suss out rental rates | Inman News News Alerts, Sept. 13, 2013, Afternoon Edition, #RealEstate +

    Setting rents features prominently among the slew of challenges that landlords and property managers face in managing their inventory.

    They must spend significant time trawling listings and pumping sources — sometimes even posing as renters — in order to figure out how to competitively price their units.

    Enter RentMetrics

    Read the source article …

  4. BRIC markets pool reserves to create buffer – Sep. 6, 2013 News Alerts, Sept. 13, 2013, Afternoon Edition, #RealEstate +

    LONDON (CNNMoney)

    The world’s biggest emerging markets pledged Friday to create a $100 billion fund to help protect their economies from shocks as G20 leaders warned that the global recovery was still at risk from volatile capital flows.

    According to the agreement announced at the meeting of G20 leaders in Russia, China will contribute $41 billion to the fund. Brazil, Russia and India will provide $18 billion each while new BRIC member South Africa will pay $5 billion.

    The fund — dubbed the Contingent Reserve Arrangement — is designed to provide member countries with an emergency cushion of cash during times of crisis. Its creation reflects frustration in emerging markets at a lack of influence over institutions such as the International Monetary Fund despite their growing importance in the world economy.

    The article also rightly discusses the taper-talk’s impact on capital reserves of emerging markets.

    Read the source article …

  5. LeaseMatrix | The best way to compare a lease proposal to a lease comp News Alerts, Sept. 13, 2013, Afternoon Edition, #RealEstate +

    Effective Rent:

    What if you have a lease comp in a specific building your client is considering. How do you effectively compare this comp to the landlord’s proposal? Must you compare the Base Rent, Escalations, Free Rent, Lease Structure, Lease Term, Improvement Allowance and Square Footage in order to understand whether or not the proposed deal is similar to the lease comp you have?

    There’s actually a way to boil it all down to a single number. This number is commonly called “Effective Rent”.

    Here’s how it works:

    Read the source article …