How To Spot A Housing Bubble

Housing Future Looks Bright But is Dependent on the Job Market: Diana Olick

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Mortgage lending is picking up. There has been increased demand from investors, prompting the Reserve Bank to warn on Wednesday in its Financial Stability Review (FSR) that “it is important that those purchasing property do so with realistic expectations of future dwelling price growth”. Please Log in to update your video settings Video will begin in 5 seconds.
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Are we in a housing bubble? (Video Thumbnail)

The latest S&P/Case-Shiller home price index gained 12.4% in July vs. a year ago–its strongest showing since early 2006. But on a month-to-month-basis, prices rose at a slower pace–1.8% in the 20-city composite of the index compared to 2.2% in June. Related: Big Drop in Housing Starts Suggests a More Shaky Recovery: BNP Economist “Overall the housing market is steadily gaining but it does have several headwinds–higher mortgage rates and very tight inventory,” says Diana Olick, real estate correspondent at CNBC. Thirty-year fixed mortgage rates are now at 4.5%, up from 3.7% a year ago. Related: Housing Market Won’t Recover Until Unemployment Falls Below 7%: Miller Samuel CEO Despite the headwinds, she says the future looks bright for housing–especially for homebuilders–but ultimately what happens in housing reflects what happens in the job market.
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Housing Market Data Further Confirms My Thesis: Lights Out On The ‘recovery’

Dave Kranzler picture

– John Williams, Shadowstats.com I have written several articles property management companies in baltimore which explain why the true fundamentals of the housing market show that, after a bounce in home sales on account of a massive amount of the stimulus injected into the housing market by the Fed and the Government, the brief recovery is coming to an end and the bear market that started over five years ago is reasserting itself. Data on new home sales for August released today and by KB Homes ( KBH ) yesterday reinforce my thesis. On the basis of the latter, I used yesterday’s spike up in the homebuilder stocks established a short position in KBH stock to go along with my short position in DR Horton ( DHI ). The Census Bureau released new home sales for August (pdf link), which were reported to be at a seasonally adjusted, annualized pace of 421,000. This was an increase of 14.6% over July’s 390,000 seasonally adjusted annualized rate.
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Why The Real Estate Market Is Topping Out

Case-Shiller Home Price Chart

Insane good, you ask, or insane bad? Well, Justsold! Things are
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Housing Market

Of course, the accommodative monetary policy adopted by the Federal Reserve has been the primary reason for the advance in home builds, sales, and selling pricesthe evidence behind the so-called housing market recovery. But be careful. Its true that the financing costs for homes could likely stay historically low for a few more years, which would help add support to the housing market. However, I feel there could be a sort of bubble on the horizon. Chart courtesy of http://www.StockCharts.com Let me explain. The upward move in the housing market has largely been driven by foreclosures, short sales, and very affordable mortgage rates. The problem now is that financing rates are not going to stay at these low levels indefinitely.
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Rental Houses Higher Occupancy Rate Than Apartments In Tri-cities

Earlier this year, Jody Prior moved to the Tri-Cities with her husband and three girls. They planned to rent, not buy. “Renting is perfect for the situation that we’re living in,” said Prior. Jody is one of many renters who can live in a house, instead of an apartment. “It’s so worth it for the extra space.” It’s a trend that realtors are seeing more of. The Tri-Cities used to have a shortage of rentals – not anymore.
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Apartment rental rates rise in SLC, report says

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Apartment communities on the east side of the metro area have slightly higher rental rates than communities on the west side, the report indicated. Currently, the average rent per square foot for an eastside property is $0.99 compared to $0.95 for a westside property. For those projects built since 2000, overall square foot rents were $1.00, while the monthly rental rate was at $981, the report showed.
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Car rental companies cracking down on gas refills

Gas fill up

Karen Freeman of Atlanta told the Washington Post she recently returned a Chrysler 200 Sedan to the Richmond Airport with what she thought was a full tank. An employee at Avis verified as much. But a few days later, she received her credit card bill, which had an extra $7.43 for 0.8 gallons of gas – $9.29 per gallon. A representative told me that according to a satellite, when I picked up property management companies in baltimore my car, it had 16.9 gallons in it, she told the paper. And when I returned it, it had 16.1 gallons. I checked the ticket from pickup and theres no mention of the fuel quantity other than G8 which means full. An Avis spokesperson said the technology is an effort to be more transparent and precise in measuring fuel.
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Westdale Real Estate Snaps Up Irving Office Building

The Carlyle Group to Purchase Metropolitan Real Estate Equity Management

The office property is 94 percent leased, with tenants such as Fox Sports Net Southwest’s studios and offices for AT&T Services, Advancial Federal Credit Union, TWG Insurance and CRM Studios. The two- and three-story building sits on 15.2 acres of land at the corner of Royal Lance and Colwell Boulevard. The Las Colinas submarket has the highest overall absorption compared with any submarket in North Texas, so far this year, totaling 1 million square feet of space, according to recent data from Cushman & Wakefield of Texas Inc.’s Dallas research team.
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Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Global Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,400 people in 34 offices across six continents. Web: http://www.carlyle.com Videos: http://www.youtube.com/onecarlyle Tweets: http://www.twitter.com/onecarlyle Podcasts: http://www.carlyle.com/about-carlyle/market-commentary/481 About Metropolitan Real Estate Equity Management Founded property management companies in baltimore in 2002, Metropolitan Real Estate Equity Management is a privately owned, registered investment advisor with more than $2.6 billion in capital commitments across 22 partnerships (16 funds of funds and six feeder funds), representing a wide range of clients, including institutional investors, endowments and foundations and high net worth investors. Metropolitan constructs and manages vintage year U.S., non-U.S., global and custom portfolios, with a focus on private, indirect investments in value-add and opportunistic real estate.
For the original version including any supplementary images or video, visit http://www.marketwatch.com/story/the-carlyle-group-to-purchase-metropolitan-real-estate-equity-management-2013-09-25