news aggregator

Foreign Real Estate Investors Not Dissuaded by Interest Rates, New Administration

Tue, 2017-01-03 16:09

Foreign investors continue to view U.S. real estate as a sound investment, with an astounding 95 percent of those recently surveyed by the Association of Foreign Investors in Real Estate (AFIRE) reporting they plan to “maintain or increase their investment” in 2017. U.S. real estate was ranked No. 1 by respondents for both security and stability, as well as opportunity for capital appreciation.

Foreign investors’ perceptions of U.S. real estate, with the incoming administration and rising interest rates, are overwhelmingly positive: 60 percent of survey respondents reported an unchanged opinion about the market from last year, citing its stability and security. The top five cities for real estate investment this year, according to the survey, are New York, N.Y., Los Angeles, Calif., Boston, Mass., Seattle, Wash., and San Francisco, Calif. 2017 marks New York’s seventh year at the top of the list.

Washington, D.C., notably, slipped from the top five for the first time since 1992—a misleading move, according to Catherine Pfeiffenberger, AFIRE chairman.

“Washington, D.C. is a global gateway city with good leasing activity and a growing economy bolstered by a young workforce,” says Pfeiffenberger. “The combination of those stable fundamentals will continue to attract capital from around the world. The new administration’s focus on the defense and aerospace industries is also expected to benefit the D.C. area in the coming years.”

Investment opportunity in U.S. real estate has widened, according to the survey, with industrial properties moving ahead of multifamily properties as the No. 1 investment type. Multifamily, office, retail and hotel round out the top five. The shift has strengthened foreign investors’ confidence in emerging markets, such as Charlotte, N.C. and Nashville, Tenn.

Fifty percent of respondents, in addition, believe Brexit will be beneficial for U.S. real estate. (London fell to the No. 3 spot globally in the survey, as a result.) The most secure and stable countries this year behind the U.S., according to respondents, are Germany, Canada, Australia and the U.K; the countries with the best opportunities for capital appreciation are Brazil, Germany, the U.K. and Australia.

Impending economic and political changes in the U.S., still, have given some foreign investors pause, the survey shows—a cue for real estate professionals to offer comprehensive data to their investor clients.

“As uncertainty rises with a new government in Washington and interest rates that have risen dramatically, it is no surprise that investors have signaled a note of caution,” says James A. Fetgatter, CEO of AFIRE. “Previous, comfortable spreads between cap rates and interest rates have narrowed, making the investment criteria more selective and difficult. Increased market research and discipline will be required.”

Source: Association of Foreign Investors in Real Estate (AFIRE)

For the latest real estate news and trends, bookmark RISMedia.com.

The post Foreign Real Estate Investors Not Dissuaded by Interest Rates, New Administration appeared first on RISMedia.

Read more

Free Brokerage Management Resources, Expertise at Broker Summit

Tue, 2017-01-03 16:08

NAR PULSE—Real Estate Brokerage Essentials®, a must-have resource for brokers, will be given as a gift at the REALTOR® Broker Summit. Created by NAR’s Legal Team and NAR Chief Legal Counsel Katie Johnson, this comprehensive tool guides brokers in running their offices efficiently and minimizing their risk for legal liability. During her session at the Summit, Johnson will be discussing key lessons and takeaways from the book. Register today to secure your seat and your copy!

Open Enrollment Ends Jan. 31
Take action now. Jan. 31 is the last day you can enroll in a qualified healthcare plan for 2017. The penalty for non-coverage this year will be up to 2.5 percent of your income. Visit the Members Health Insurance Exchange to quote, shop and enroll in a qualified health plan. REALTORS® Insurance Marketplace is a proud REALTOR Benefits® Program partner. Click here to get started.

Save on Products and Services You Already Use!
In just one year, over 800,000 REALTORS® saved a combined $59 million by taking advantage of at least one offering through NAR’s REALTOR Benefits® Program. Learn how you can save this year with industry leading companies including FCA US LLC (formerly Chrysler Group LLC), Placester, FedEx, DocuSign and more. Start saving.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Free Brokerage Management Resources, Expertise at Broker Summit appeared first on RISMedia.

Read more

Adam Levine Says ‘Sweetest Goodbye’ to SoHo Loft

Tue, 2017-01-03 16:05

Superstar Adam Levine, Maroon 5 singer and judge of “The Voice,” sold his SoHo loft in June 2016 for a sparkling $5.4 million. Levine, along with wife Behati Prinsloo, listed their spacious 2,800-square-foot spot shortly after becoming pregnant with their first child.

Long, sleek and narrow, much like the frontman himself, the space sits in a cast-iron building from the 1900s. The gorgeous couple purchased the digs in August 2014 for $4.45 million, making a sweet mil upon its resell. However, the couple sunk major money on renovating the space, converting it from three bedrooms into one massive sleeping unit.

The one-bedroom apartment features exposed brick walls, 13-foot ceilings and huge windows overlooking Greene Street. An open floor plan helps make the home feel expansive, and the master suite is fully decked out with a Jacuzzi, separate shower and massive dressing room, er, closet.

Sold for: $5.4 million
Listed by: Adam Mahfouda and Jules Borbely of Oxford Property Group

 

 

 

 

Source: TopTenRealEstateDeals.com

Zoe Eisenberg is RISMedia’s senior content editor. Email her your real estate news ideas at zoe@rismedia.com.

This was originally published on RISMedia’s blog, Housecall. Visit the blog daily for housing and real estate tips and trends. Like Housecall on Facebook and follow @HousecallBlog on Twitter.

The post Adam Levine Says ‘Sweetest Goodbye’ to SoHo Loft appeared first on RISMedia.

Read more

New rule in China may affect overseas real estate purchases

Tue, 2017-01-03 15:52

China is a country of opportunities -- and also of regulations. As reported by Reuters, China’s foreign exchange regulator announced a new policy on January 1, 2017, that affects all individuals who are looking to buy overseas real estate ...

Read more

What's Ahead for Schroder European Real Est Invt Tr PLC After Today's Huge Increase? - Frisco Fastball

Tue, 2017-01-03 15:16


What's Ahead for Schroder European Real Est Invt Tr PLC After Today's Huge Increase?
Frisco Fastball
Schroder European Real Estate Investment Trust plc is a United Kingdom closed-ended investment company. The company has a market cap of 146.44 million GBP. The Firm is engaged in property investment in the Continental Europe. It currently has ...

and more »

Categories: Europe

Read more

What global economics (and politics) foretell for rate changes

Tue, 2017-01-03 14:53

On the last business day of 2016, I couldn't help looking toward the strangest new year ahead of any in memory, every day marking some new and lurching change in outlook. So, instead of an attempt to forecast outcomes, assess the priorities of forces acting on markets ...

Read more

Pasco County real estate transactions for Jan. 6, 2017 - Tampabay.com

Tue, 2017-01-03 14:33


Pasco County real estate transactions for Jan. 6, 2017
Tampabay.com
3414 Marshfield Dr., to Freedom Investments Usa LLC by Stanwich Mortgage Loan Trust A & Wilmington Savings Fund Society Fsb Trustee, $87,000, 12/14/2016. 1500 Linstock Dr., to Susan Cullom by Condogeorge George Estate Of & Lois M. Personal ...

Categories: USA

Read more

Notorious ROB’s 7 predictions for 2017: The boy bands edition

Tue, 2017-01-03 14:30

Last year, despite my predictions being mostly wrong, no one got a refund from Inman. Let’s get into 2017 predictions sure to be wrong, or your money back! ...

Read more

The 2017 Inman Influencer list

Tue, 2017-01-03 14:00

The Inman Influencers List salutes industry professionals who shape, change and influence the industry. They bring a mix of credentials, viewpoints and backgrounds from all walks of the real estate business. Some are creative, intuitive and gifted. Some have power, reach and charisma. And some are controversial, rabble-rousers and disrupters ...

Read more

Predicting the 2017 economy by following the money

Tue, 2017-01-03 13:36

In today’s accepted wisdom, Donald Trump as president means that 2017 can’t be predicted. At all. Endured, possibly enjoyed, but it will be a complete mystery ...

Read more

Rally in Banks Pushes European Stocks Into Bull-Market Territory - Bloomberg

Tue, 2017-01-03 12:15


Bloomberg

Rally in Banks Pushes European Stocks Into Bull-Market Territory
Bloomberg
Banks led the rally in Europe, up the most in almost a month, while other cyclical shares such as miners and carmakers also advanced. In an extension of the sector rotation seen in the last quarter of 2016, defensive shares including utilities and real ...

and more »

Categories: Europe

Read more

The Kennedy Wilson Europe Real Estate PLC (KWE) Given Overweight Rating at the JP Morgan Chase & Co - DailyQuint

Tue, 2017-01-03 11:22


The Kennedy Wilson Europe Real Estate PLC (KWE) Given Overweight Rating at the JP Morgan Chase & Co
DailyQuint
Kennedy Wilson Europe Real Estate PLC (LON:KWE)'s stock had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co in a report issued on Monday. They currently have a GBX 1,425 ($17.51) price objective on the stock. J P Morgan Chase ...

Categories: Europe

Read more

Waldorf Astoria New York to shut down for renovation - USA TODAY

Tue, 2017-01-03 10:36


USA TODAY

Waldorf Astoria New York to shut down for renovation
USA TODAY
The 625-foot, 47-floor Art Deco building occupies an entire block of prime real estate on Park Avenue. And on March 1, it will close its doors for a top-to-bottom renovation that will preserve its historic charm yet modernize it for a world in which ...

and more »

Categories: USA

Read more

Trump threat to GM: Make the Chevy Cruze in US 'or pay big border tax' - Politico

Tue, 2017-01-03 07:54


Politico

Trump threat to GM: Make the Chevy Cruze in US 'or pay big border tax'
Politico
Make in U.S.A. or pay big border tax!” Trump wrote ... The real estate mogul won narrow victories in Democrat-leaning Wisconsin, Michigan and Pennsylvania, all states whose economies have been especially hard hit by the departure of manufacturing jobs.

and more »

Categories: USA

Read more

Sino-USA Next Generation Foundation fundraiser hopes to ease trip to 'Cliff School' in China - Current in Carmel

Tue, 2017-01-03 06:15


Current in Carmel

Sino-USA Next Generation Foundation fundraiser hopes to ease trip to 'Cliff School' in China
Current in Carmel
“The Indy chapter (of the Sino-USA Next Generation Foundation) is driving a fundraising campaign for the 'Cliff School' with a campaign goal of $200,000 to help the village to build a safer way for these kids to go to school, either by a road from the ...

Categories: USA

Read more

Blockchain could jolt real estate and the title industry in 2017

Tue, 2017-01-03 06:00

When one Illinois resident buys a property this year, he will receive a digital token. Along with a paper deed, the transfer of the token will be recorded in the Cook County Recorder of Deeds database as proof of ownership. The goal is to show that such tokens could replace deeds in the future ...

Read more

The return of the prodigal single-family rentals

Tue, 2017-01-03 05:30

It’s no secret that inadequate inventories have been stunting the housing recovery. Through November, total housing inventory has fallen year-over-year for 18 straight months and supplies are now 11.4 percent lower than they were two years ago ...

Read more

The 10 weirdest reasons real estate agents lost the listing

Tue, 2017-01-03 05:15

One morning, Manhattan real estate broker Mitchell Hall was supposed to pick up a signed listing from a client. When he got word that his father had passed away, he headed to the hospital instead ...

Read more

When is the best time to sell your client’s house?

Tue, 2017-01-03 05:05

Many who plan to sell are motivated by need; others by choice. Which is it? Are they motivated by money or time? ...

Read more

‘Tweet 22 times a day to be relevant’ and other real estate pro tips

Tue, 2017-01-03 04:40

Agent and founder of Roofshoot.com Ben Bacal shares two major drivers of his business: prospecting and creating video content. Then hear from Oakland/Berkeley Association of Realtors Education and Communications Coordinator Ayana Ivery, who gives her top Twitter tips ...

Read more

Syndicate content

Have Questions?

Captcha Image: you will need to recognize the text in it.
Try different image.