BOULDER, Colo. (MarketWatch) — The recession is “officially” over according to GDP figures. Stocks are up 50% from the March 2009 bottom. Gold and silver are up dramatically, too. So what’s the only remaining asset class that’s still cheap?
Real estate.
Sure, in most parts of the country the market is still in the toilet. July marked [...]
Yes This DEFINITELY Affects Real Estate – Reuters: The Atlantic storm season may be the most intense since 2005, when Hurricane Katrina killed thousands after crashing through Gulf of Mexico energy facilities, the U.S. government’s top climate agency predicted on Thursday. In its first forecast for the storm season that begins next Tuesday, the National Oceanic and [...]
Real estate inventories are “bouncing along the bottom” now, meaning it’s a good time to invest, as long as you adhere to two key caveats, industry executive Harvey Green told CNBC on Tuesday. One, as with any investment, conduct your due diligence, and two, know the fundamentals of the asset class you’re considering.
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Florida real estate experts believe the worst of the state’s wrenching downturn is past, even if they don’t expect another boom any time soon. That’s according to a quarterly survey by the University of Florida’s Bergstrom Center for Real Estate Studies. The center asked appraisers, commercial real estate brokers, bankers, investors and others to take [...]
Real estate is nearing a bottom and eventually could be a better bet for investors than stocks or bonds, Pimco’s Bill Gross told CNBC. Both commercial and residential real estate are reaching a bottoming point and possibly even prepared to turn higher, said Gross, CIO of Pacific Investment Management Co., or PIMCO, the world’s largest [...]
While some analysts speculate that the worst is over for the US housing market, new data suggests that a few cities are not that lucky. Just as equity investors worry about a “double-dip” in US stocks, several housing markets are already beginning to resemble this troublesome pattern of peaks and troughs.
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Problems in commercial real estate are a “serious concern,” Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday. Lockhart told the Naples Council on World Affairs that most of commercial real estate’s woes still lie ahead, but added he wouldn’t call them a crisis.
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In the depressed global real estate market, the amount of money invested in commercial and investment property fell sharply even in countries that received significant new foreign investment. Which countries had the most real estate investment during the past year? Click ahead to find out!
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EVEN a cursory glance at recent events in commercial real estate would make you think the next big collapse is upon us. First, there was the default last month by Tishman Speyer Properties and BlackRock Realty on billions of dollars in loans on Stuyvesant Town and Peter Cooper Village, the huge apartment complexes in Manhattan. When the deal [...]
With credit still tight for investors in commercial real estate, CNBC sat down with real estate moguls Bill Rudin and Steven Roth to discuss the sector and the pace of recovery.
“What’s happened is after a vicious, very sharp down draft, we are now in a process of seeking a bottom. And that bottoming process can [...]
Q: What’s your take on the local real estate market?
Foreclosures are through the roof. We’ve never experienced anything like what we’re going through now. It’s pretty bad.
Q: How does this compare to other downturns?
The most serious was 1973-74. With this one, I’ve talked to people who are really knowledgeable about the market. They say this [...]
Coming soon to a tv near you . . . the economy disaster! Good news for real estate? YES! Because of the market instability, folks are starting to make property purchase with the expectation of long term cyclical growth. After all, we are not manufacturing more land!
My thoughts on the timeframe for market to rebound have been very firm: Our market will bottom out early March / April of 09 and we will begin our climb out of the basement next Summer and Fall. My reasoning being that the foreclosures have brought out the investors in droves once more. Multiple offers means multiple buyers and as they “lose” the incredible deals to other investors, they will go for the great deals to be able to still play in the game. After all this market is doomed to increase, all real estate is cyclical and we are fortunate to be almost at the bottom.
