This Is the Sound of a Bubble Bursting Two years ago, when Eric Feichthaler was elected mayor of this palm-fringed, middle-class city, he figured on spending a lot of time at ribbon-cuttings. Tens of thousands of people had moved here in recent years, turning musty flatlands into a grid of ranch homes painted in vibrant …
Category Archives: Investment Tips
No one wins in foreclosure
No one wins in foreclosure Banks losing money; others losing their homes Economic analysis of the current wave of mortgage foreclosures must now yield to the overwhelming feelings of grief and blame as Charlotte County’s construction-dependent economy prepares for a tough 2008. Charlotte County homeowners are being tossed out of their dwellings in record numbers, …
Canadian real-estate markets clinch early record
Canadian real-estate markets clinch early record With one month’s activity still unaccounted for, the Canadian Real Estate Association said Monday that listed residential real-estate transactions in most major markets are already at record levels. Data from the country’s 25 biggest markets show 345,577 sales of existing homes in November through the Multiple Listing Service (MLS), …
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U.K. Commercial Real Estate Returns Drop By Record
U.K. Commercial Real Estate Returns Drop By Record U.K. commercial real estate returns fell by a record amount last month as higher interest rates and a drop in bank lending pushed prices down, according to Investment Property Databank Ltd., a London-based research firm. The total return on investments, after taking rental income and growth into …
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Goldman in $2bn property push
Goldman in $2bn property push Goldman Sachs has amassed $2bn to use for property investments in Asia, a move likely to intensify competition for assets in fast-growing markets such as China and India. The bank has been a prominent investor in Japanese property for a decade, but has decided to allocate significant resources to real …
Japanese real estate stocks rally on US mortgage aid plan, rising office rents
Japanese real estate stocks rally on US mortgage aid plan, rising office rents Japanese real estate stocks rose in morning trading Friday on hopes that the US government’s rescue plan for struggling homeowners will ultimately improve conditions for real estate investment in Japan. A rise in office rents in central Tokyo last month also heartened …
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