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

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  1. Why are rich foreigners actively buying real estate in France? – The Voice of Russia News Alerts. Oct. 22, 2013. Morning Edition. #RealEstate

    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 …

  2. Sun shines on Valley [Phoenix] housing market News Alerts. Oct. 22, 2013. Morning Edition. #RealEstate

    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.


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  3. Flood’s impact on Boulder-area housing market could be long-term – Boulder Daily Camera News Alerts. Oct. 22, 2013. Morning Edition. #RealEstate

    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.

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  4. Real Estate Market Woes Cause Banks to Downsize News Alerts. Oct. 22, 2013. Morning Edition. #RealEstate

    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 …

  5. Irish Americans are snapping up palatial Irish properties at bargain prices | Irish News | IrishCentral News Alerts. Oct. 22, 2013. Morning Edition. #RealEstate

    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 …