Hedge Around Your Home
Published Friday, April 28, 2006 by Real Estate Pro.Miami is also the strongest market since the index began in 1987 and its appreciation has been double that of Denver in the period since. Marc Chandler, an economist at Brown Brothers Harriman and a one-time trader on the floor of the CME, complains it does not provide a like for like guide to prices over time, notably because it excludes the impact of home improvement, which he says contributes to the disequilibrium housing has in the economy.
Tagged: Washington
Hedge Around Your Home
Housing Market: The Great Escape
Published Saturday, April 22, 2006 by Real Estate Pro.As I prophesized, there are more and more reports that extreme housing prices are pushing people further and further inward, leaving the coasts for cheaper living costs, more space, and (they say) better places to raise families.
"They say the world is flat because of technology, and in this new flat world, people can do anything from anywhere," he said. They want security.
Tagged: Washington
Housing Market: The Great Escape
Buyer (And Seller) Beware
Published by Real Estate Pro.You hear stories about sellers slashing listing prices to attract buyers, but home prices nationally have risen more than 10% over the past year. That leads people to take more risks than they should. The idea here is that if people's monthly payments to own a house are much higher than what they would spend to rent the same place, tax considerations included, then they must be banking on prices going up so they can sell for a profit someday.
Tagged: Washington
Buyer (And Seller) Beware
Buying and Selling: Family Valuations
Published Thursday, April 20, 2006 by Real Estate Pro.Now, it's human nature to want to gravitate towards communities that share your physical makeup, religious beliefs, social standards, etc., but I'd like to think it's also human nature to want to meet new people and have new experiences, and it's just unsettling to think of developers quizzing potential buyers as to their political persuasions, so as not to match a red-state gun nut with a blue-state nancy boy.
Tagged: Washington
Buying and Selling: Family Valuations
Howard's Condos Are Hot
Published by Real Estate Pro.Although prices for the 160-unit Plaza Residences at Columbia Town Center started in the mid $500,000 range, early reservations and increased demand have driven that figure to $600,000, said Bill Rowe, vice president for WCI Communities. All told, Rowe said the development firm has taken reservations for 40 percent of the units, which range in size from about 1,500 square feet to 3,500 square feet.
Tagged: Washington
Howard's Condos Are Hot
Second Home Sales Hit Another Record in 2005
Published by Real Estate Pro.For investment-home buyers, 55 percent said rental income was the primary factor for buying, and 35 percent wanted to diversify investments. Vacation Home Buyers - Typical vacation-home buyers in 2005 were 52 years old, earned $82,800, and purchased a property that was a median of 197 miles from their primary residence; however, 47 percent of vacation homes were less than 100 miles and 43 percent were 500 miles or more.
Tagged: Washington
Second Home Sales Hit Another Record in 2005
The United States' landlord is coming for a visit next week to inspect his properties
Published by Real Estate Pro.Especially since the Trillion dollars of debt we owe him is in depreciating dollars
So it'll all come out in the wash for him - sell the fools junk, take their dollars and sell them their houses.
The first lavish dinner of China President Hu Jintao's historic visit to the United States next week will be in a big, secure house in Washington where the host is one of the world's most powerful men.
Tagged: Washington
The United States' landlord is coming for a visit next week to inspect his properties