America’s Real Estate Is Booming, But Is It A Bubble?

America's Real Estate Is Booming, But Is It A Bubble? The existing homes sales was released Friday morning. The number surged above expectations. The housing market is the strongest game in America's economy. The release made me want to take a more-than cursory look at what was going on in housing. The angle I am taking is price increases as well as income increases. There should be some kind of realistic correlation. There is not. The stimulus the Federal Reserve pumped into the system while the economy was near death is working its way into assets. Asset prices are surging. This will only get far, far worse before a correction happens. I am bullish on real estate, but I am also looking for the Federal Reserve to be forced into doing something about it in a punitive manner. This may not happen for some time, but that time is likely coming. […]

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10 US cities where it’s cheaper to buy a home than rent

10 US cities where it's cheaper to buy a home than rent Almost everywhere in the U.S., it's cheaper to rent a home than to buy. But in select cities, homeowners come out ahead, thanks to a low cost of living and favorable housing market. To find the places where owning is cheaper than renting, financial services site SmartAsset gathered data on the average rent and home prices in the 100 largest metro areas in the US. The data, which SmartAsset shared with CNBC, compares the total costs of buying and renting a typical home in each metro area for a household earning $100,000 a year. […]

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Effect of the 2017 General Election on the Real Estate Environment in Kenya

Effect of the 2017 General Election on the Real Estate Environment in Kenya As history has proven, elections have the sole capability to change a nation's economy especially during the post-election period due to the possibility of a change in political stability, government policies and even investors' confidence in the appointed government. The electioneering period is as risky as it is unpredictable for the real estate market. This is so especially because the period has both perks and at times, huge disadvantages. During this period, a lot of factors play a crucial role in the general outcome as everything from interest rates, government expenditure and investor appetite tend to fluctuate depending on the election period mood. […]

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Axa’s top real estate boss talks London strengths and why she’s building the tallest building in the City

Axa's top real estate boss talks London strengths and why she's building the tallest building in the City Isabelle Scemama is not a woman who suffers fools lightly, but then you don't become a senior person in the European real estate industry by skirting round issues. Speaking from her office in Paris, where the Frenchwoman is based, she briskly dismisses concern about the global economy, preferring to talk about opportunities for investment. In February, she was appointed chief executive of Axa Investment Managers's real assets division - the part of the multinational insurance firm that invests in property. It is the largest real estate fund and asset manager in Europe, with more than €70bn of assets under management across 24 countries. […]

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The Myths, Risks, and Rewards of Real Estate Investing

The Myths, Risks, and Rewards of Real Estate Investing Most real estate investors face the following challenge: they are real estate rich but cash poor. Meaning, they have purchased their primary residence, second home, or investment property and have enjoyed rapid appreciation beyond their expectation. This may look like a good idea on paper. However, as a real estate investor, is it the wisest choice to have thousands (or millions) of dollars of equity doing absolutely nothing for you? […]

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Make no mistake, the Toronto real estate market is in a bubble of historic proportions

The concerns about froth in Toronto's housing market are not likely to subside given the sticker-shock from the latest report from the Toronto Real Estate Board. As per the March report, the average single-detached house in the Greater Toronto Area (GTA) sold for $1,214,422 last month up from $910,375 in March of last year - that is a 33 per cent YoY surge, and follows a 16 per cent run-up over the prior 12 months. […]

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Manhattan real estate stabilizes as prices come down

Manhattan real estate stabilizes as prices come down The number of Manhattan real estate sales was essentially flat in the first quarter, ending a monthslong decline brought on by a glut of available condos. Some 2,892 sales were completed in the New York City borough during the first quarter, according to a report from the Douglas Elliman brokerage firm and the Miller Samuel appraisal company. That was barely changed from last year's total of 2,877. […]

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Fintrac cut reference to ‘ethnic communities’ in warning to real estate industry

Fintrac cut reference to 'ethnic communities' in warning to real estate industry Canada's money-laundering watchdog drafted a document warning the real estate sector to be on guard for "specific ethnic communities" dealing with terrorism and war, before removing the reference at the behest of an industry association, documents show. Correspondence between Fintrac and the Canadian Real Estate Association, obtained by The Canadian Press through an Access to Information request, shows that the industry group was concerned that the reference would encourage agents to stop doing business with people based on their ethnicity. […]

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