Massey University's latest Home Affordability Report reveals the gap between Auckland and the rest of the country is at a 25-year high.
Massey University's latest Home Affordability Report reveals the gap between Auckland and the rest of the country is at a 25-year high.
Allamanda Private Hospital on the Gold Coast has been leased by Vital Healthcare Property Trust to Ramsay Health Care.
Housing market imbalances "are presenting an increasing risk to financial and economic stability" in New Zealand, says the Reserve Bank's deputy governor.
The Reserve Bank today urged greater attention be given to reducing housing market imbalances that are presenting an increasing risk to financial and economic stability. In a speech to the Rotorua Chamber of Commerce, Reserve Bank Deputy Governor Grant Spencer said that: "Irrespective of the mix of demand and supply-based factors, the longer the excess demand persists, the further prices will depart from their underlying fundamental determinants, and the greater the potential for a disruptive correction. "Since late 2014, housing market imbalances have become more accentuated, particularly in Auckland where the supply shortage is greatest, and house prices are particularly stretched, having increased by three times since the start of 2002. Mr Spencer said that a downward correction in house prices in New Zealand could be prompted by a range of potential shocks, such as rising global interest rates, or a downturn in the global economy and financial markets.
The increase in New Zealand's median house price is "almost entirely an Auckland effect", says REINZ chief executive Colleen Milne.
New Zealand's richest man Graeme Hart is reportedly considering selling 70 per cent of Carter Holt in an initial public offering.
The Reserve Bank could tighen rules on borrowing for property investment as early as July 1, says state-owned valuer Quotable Value.
New home building is showing signs of slowing after almost four years of growth, says Statistics New Zealand.
Resource Real Estate Investors 7, L.P. , a private limited partnership sponsored by Resource Real Estate, Inc. , today announces the su
Housing market trends bode well for sellers this spring, but some may encounter hurdles even after they land a buyer. Rising home values and a lack of inventory in many markets could set them up to receive ...
FARMINGTON HILLS, Mich., March 25, 2015 /PRNewswire/ -- Residences living in Oakland County, Michigan now have a solution for various real estate inquiries and needs. Tom Gilliam, RE/MAX Realtor and his HOMES2MOVEYOU.COM web site offers its expertise to be a one stop resource for people who live or who wish to live in Farmington Hills, Troy, Bloomfield Hills, Ferndale, Royal Oak, Northville, Novi and Metro Detroit area. Through the years, Gilliam has given clients and businesses the real estate representation they truly deserve.
Prudential Mortgage Capital Company provided $118.5 million in financing to Donahue Schriber Realty Group toward its purchase of four grocery-anchored shopping centers in California and Washington, the company announced today.
Waterton Associates LLC, a U.S. real estate investor and operator, today announced the acquisition of Promenade Crossing, a 212-unit garden-style apartment community located approx
Irish residential property prices fell for the second successive month in February, dropping 0.4 percent to slow a recovery from a real estate crash. Property prices have rebounded sharply - as much as 14.9 percent - after being cut in half by the bursting of a bubble in 2008. They were the fastest growing in the European Union in the 12 months to end-September 2014, according to the EU's statistics office. The month-on-month drop last month followed the first contraction for 10 months in January, with property prices in Dublin, which led the recovery, falling by 0.7 percent in February to stand 21.4 percent up on a year earlier.
Los Angeles is a sprawling city full of diverse topography, nearly perfect year-round weather and distinct neighborhoods. Whether you prefer the glitz and glam of Beverly Hills or the laid back vibe of Venice, nearly every LA neighborhood has something special to offer its residents. While Santa Monica is beautiful and one of the more walkable areas in Los Angeles, it's also less affordable than nearby Mar Vista. Your rent should be no more than roughly 30 percent of that income, which can be challenging in an expensive city like Los Angeles.
BOSTON, March 25, 2015 /PRNewswire/ -- Buyer demand in the local housing market remained historically strong in February as low mortgage rates, less stringent credit standards, and gains in both the labor and stock markets spurred activity during the early winter and holiday period, according to data issued by the Greater Boston Association of REALTORS® (GBAR). The shortage of listings has put upward pressure on prices. The median selling price for single-family homes increased on an annual basis by 7.9 percent, from $407,450 in February 2014 to $439,500 this February, a new record high price for the month. The median selling price for condominiums also hit a new record high for the month of February, rising 3.5 percent over the past year from $390,000 last February to $403,568 in February 2015. Notably, the median selling price for single-family homes has now risen in 28 of the past 29 months, and improved in 23 of the last 24 months for condos.
New-home sales rose to a seven-year high in February, the Commerce Department said Tuesday, defying forecasts for a drop amid harsh winter weather. The news boosted shares of homebuilders such as Toll ...
LOS ANGELES, March 24, 2015 /PRNewswire-iReach/ -- As commercial real estate owners look at the coming year, they want to make sure that it is one that is prosperous. To help these investors, especially those who are facing their first year as commercial real estate owners, Brian Fielding offers some suggestions for how these owners can maintain their properties. Take note of key dates: There are many deadlines and key dates that the owner of a piece of commercial real estate must keep track of. When an owner of a piece of commercial real estate is not the tenant, and thus cannot track their usage through their utility bills, they must find other ways of keeping track of this usage.
DALLAS, March 24, 2015 /PRNewswire/ -- The nation's economy is growing at its fastest rate since 2000, which spells great news for residential property investors for the year ahead. The latest data from HomeVestors (the "We Buy Ugly Houses®" people) and Local Market Monitor, the national real estate forecaster, shows excellent conditions from coast to coast, whether the property is for rental or resale. "The Top 10 markets for real estate investment all have a common thread: a fast growing economy, which means more jobs and more renters," said Ingo Winzer, president and founder of Local Market Monitor. Topping the Best Markets list once again are Texas cities: Houston (1), Austin (2) and Dallas (3), with Denver (4) and Orlando (5) rounding out the top 5, all which have seen substantial job and population growth.
In the US, the National Association of Realtors released its existing home sales figures for February. There was some good news for the housing sector.
The Picerne Group, in collaboration with Rockwood Capital and The Muller Company, have formed a joint venture on a 2.76-acre site to build ELEVEN10 West, a 260-unit multifamily rental community one-block ...
You'd be foolish to think you couldn't be fooled in a real estate transaction. While the majority of sellers, buyers and renters are presumably honest, there can be additional players with skin in the game, from landlords and real estate agents to title agency workers and bankers. As Sacramento real estate broker Alexis Moore observes: "The crooks don't always have on orange jump suits. Joe Rand, managing partner for Better Homes and Gardens Rand Realty, which sells and rents home in New York and New Jersey, says that about once a week, he hears of a renter who saw a house but didn't actually go inside.
GREENWICH, Conn., March 24, 2015 /PRNewswire/ -- Transwestern today announces it negotiated two lease transactions at 67 Holly Hill Lane, bringing building occupancy to 94 percent. Peak Physique has leased ...
Colorado-based Red Dot Storage announced today that it has completed the acquisition of two Stor Trek storage properties located in Richton Park and Monee, Illinois. The two new facilities contain an aggregate ...
London-based property consultancy Strawberry Star has today launched to market globally, with a unique service offer yet unseen on the international property market. In response to
Baceline Investments, LLC, a boutique private equity real estate investment and management company with retail holdings throughout the Central United States, announced two deals to
BELLEVUE, Wash., March 24, 2015 /PRNewswire/ -- NexTitle, a full-service title and escrow firm based in Bellevue, today announced that Erin Sheckler was named president. Sheckler will continue driving the firm's reputation for unparalleled customer service and exceptionally fast turnaround times, allowing real estate agents to manage more business. With Sheckler's appointment, NexTitle will be amongst a small number of title and escrow firms nationwide to be led by a female president. As existing-home sales continue to rise in 2015 and prices remain at a healthier level of growth – according to an economic forecast from 2014 Realtors® Conference & Expo – title insurance, mortgage, and escrow professionals will need to elevate their roles as a necessary strategic partner to real estate professionals.
House price growth Stateside slowed down in January, to a 0.3% month-on-month rate of rise, according to the Federal Housing Finance Agency (FHFA).
As the summer travel season approaches, homeowners with a spare room or a vacant beach home may be considering cashing in on the popularity of vacation rental websites. Other options include HomeAway.com, which also runs a site called VRBO.com (short for vacation rental by owner). "Rentals are treated like hotels in most geographies now, and owners need their properties to comply to local rules," says Andrew McConnell, co-founder and CEO of VacationFutures, a platform that pairs homeowners with vacation rental managers. For instance, Napa and Sonoma, California require permits for short-term rentals of less than 30 days, but Napa issues a very limited number of permits.
Imagine if you came home to your apartment and everything that you owned and cherished was stolen or damaged. How would you begin to replace everything and return your life to norm
MADISON, N.J., March 24, 2015 /PRNewswire/ -- Better Homes and Gardens ® Real Estate announced this week at its international brand conference, Fusion, a national philanthropic partnership with Rebuilding ...
KB Home , one of the nation’s largest and most recognized homebuilders, recently held a grand opening celebration for its new Trailside Patio Homes community in Thornton, Colo.
People 34 and younger are the largest group of homebuyers, according to a recent National Association of Realtors study that looked at 6,572 responses from a survey of homebuyers in 2014. "The No. 1 reason they want to buy is just to own a home of their own," says Jessica Lautz, director of survey research and communications at the National Association of Realtors.
TWINSBURG, Ohio, Mar. 24, 2015 /PRNewswire-iReach/ — Corporate Living, a leading provider of furnished apartments, is very pleased to announce the addition of 95 Wall Apartments in New York's Financial District to its available locations. Karen Baldridge, President of Corporate Living, says, "More and more financial clients are using our services. They want to be in the heart of the action so the Financial District is the place to be." She added that 95 Wall delivers everything Corporate Living's clients expect and more, including a spectacular rooftop lounge and sundeck, outdoor basketball court, "Body by You" fitness center, high demand in-suite washer and dryer, concierge and valet services and even a complimentary breakfast.
Fizber, Inc. , the fastest growing, free For Sale by Owner with Help real estate listing service for home sellers, announced today that with 30 percent of homeowners embracing some form of for-sale-by-owner ...
SAN JOSE, Calif., March 24, 2015 /PRNewswire/ -- With home prices and interest rates likely to increase and mortgage affordability likely to decrease, Detroit is predicted to be the most affordable and ...
The Appraisal Institute, the nation's largest professional association of real estate appraisers, announced today that its 2015 Annual Meeting will take place July 27-29 in Dallas. Registration is now ...
PETALUMA, Calif., March 24, 2015 /PRNewswire/ -- Houseplans.com, the largest online database of ready-made house blueprints, today announced the winners of this year's Howies – an annual awards program ...
SEATTLE, March 24, 2015 /PRNewswire/ -- Today, Zillow® announces the launch of Agent Finder, a new way for home buyers and sellers to search for, and find, a real estate agent based on their local expertise and reputation. "Millions of home shoppers visit Zillow every month, and many of them have not yet found a real estate agent to help them buy or sell their home," said Amy Bohutinsky, Zillow chief marketing officer. "Being able to evaluate an agent based on his or her local reputation, experience in a given area, as well as individual expertise, is incredibly useful for buyers and sellers. Zillow first published agent reviews by former clients in 2010.
Owners.com® today released data identifying the top 20 U.S. real estate markets where consumers sold their homes using its leading self-directed flat fee multiple listing service model in 2014.
CALGARY, March 24, 2015 /CNW/ - Strategic Group is pleased to announce the acquisition of Duncan Centre, including Duncan Plaza, Duncan Village and Duncan Mall. Located in Duncan, British Columbia, the 27.9 acre property currently includes over 40 shops and services such as Staples, Winners, Petsmart, London Drugs and Real Canadian Superstore, totalling more than 361,809 square feet of retail space with possible expansion of an additional 4,400 square feet.
(Reuters) - Britain's Land Securities Group Plc (LAND.L) said it had struck a deal to sell its 95 percent stake in an office building in Times Square, London, to real estate funds managed by Blackstone ...
Land Securities Group PLC
Christchurch City Council is ploughing ahead with replacing its earthquake-damaged and red-zoned social housing, with three new developments under way in as many weeks. The Council today marked a ground-breaking ceremony with tenants at its Berwick Courts housing complex in St Albans, where three new units are being built. The Council also has plans to start work on a further 16 units before the end of the year. Councillor Andrew Turner, Chair of the Communities, Housing and Economic Development Committee, says while the Council is building more social housing units, it is also raising the bar in terms of design and quality in the process.
While the mega rich from Silicon Valley have made headlines for their purchases of extravagant Los Angeles homes, the city has become increasingly appealing to a trove of investors and startup entrepreneurs as well. The new buyers are drawn to the city for a mix of personal, financial and work-related reasons, the Los Angeles Times reports. "We've seen an uptick in buyers from the technology industry over the last several years - some moving to Los Angeles and some buying second homes here, as a kind of peaceful retreat," Charles Black, executive vice president of marketing and strategic development at Hilton & Hyland, told the Times.
The Arizona Housing Finance Authority , acting on behalf of the Arizona Department of Housing, announced that it has launched Home Plus, a new loan program to Maricopa Count
2233 Argentia Road in Mississauga, Ontario has been designated a BOMA 360 Performance Building by the Building Owners and Managers Association International. The BOMA 360 Performance Program® validates ...
LA JOLLA, Calif., March 23, 2015 /PRNewswire/ -- Reven Housing REIT, Inc. ("Reven" or the "Company") (RVEN) today announced that it has acquired three portfolios totaling 73 single-family homes in Jacksonville, Florida in February and March 2015. The aggregate purchase price for the three portfolios was $4,872,347, exclusive of closing costs. The Company also closed an additional loan in the amount of $3,526,985 from Silvergate bank in La Jolla, California on March 13, 2015. This brings the company's total amount financed to $15,049,125 from Silvergate. The acquired properties average 1,300 square feet and are mostly three-bedroom, one and a half bath homes. Of the acquired properties, 73 are currently subject to one-year leases. Additional information regarding the Silvergate loan can be found on the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 17, 2015. Information regarding the acquisition of the larger Jacksonville portfolio can be found in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 16, 2015.
FRASER, Mich., March 23, 2015 /PRNewswire/ -- zipLogix, a technology company helping real estate professionals improve productivity and efficiency, has formed a partnership with Realtors Property Resource® (RPR®). REALTORS® will have faster, fully integrated access directly from RPR to zipForm®, for the most authoritative forms collection available, and will also be able to produce RPR's acclaimed reports directly from zipForm® to work even more efficiently with their clients. RPR provides REALTORS® with information on more than 166 million properties, allowing agents and brokers access to valuable features, tools and reports.
WASHINGTON, March 23, 2015 /PRNewswire/ -- The National Association of Realtors ® has honored seven local Realtor ® associations with NAR Community Outreach Awards. These awards recognize associations ...
FREEHOLD, N.J., March 23, 2015 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE:MNR), a real estate investment trust (REIT) specializing in net-leased industrial properties, will host ...
U.S. home resales rebounded modestly in February against the backdrop of a persistent shortage of properties on the market, a trend that could undermine the spring selling season. Sluggish home sales are another sign that economic activity slowed sharply in the first quarter, which could further diminish expectations that the Federal Reserve will increase interest rates in June. The Fed singled out housing as a sector that remains slow, and it still is, but that doesn't mean the Fed shouldn't hike rates," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. The National Association of Realtors said on Monday that existing home sales rose 1.2 percent to an annual rate of 4.88 million units, failing to reverse January's 4.9 percent plunge.
SCOTTSDALE, Ariz., March 23, 2015 /PRNewswire/ -- Ethika Investments, LLC , a U.S.-based real estate private equity firm, has allocated capital for the acquisition of the Canyon Village office park in ...
Sales of existing homes rose 1.2% in February to a seasonally adjusted annual rate of 4.88m, falling below analysts' expectations of a 4.94m reading.
Brandywine Homes is celebrating the opening of Seabright, a 26-unit townhome community on 1.42 acres at 2019 Anaheim Avenue, by holding a grand opening on Saturday, March 28, where interested homeowners ...
Industrial real estate asset and property management company Palmira Industrial Management GmbH, seeking new efficiency in key business operations as its holdings expand across Eur
ORLANDO, Fla., March 23, 2015 /PRNewswire/ -- Florida's housing market reported more closed sales, higher median prices, increased pending sales and more new listings in February, according to the latest housing data released by Florida Realtors®. "Florida's housing market continues to show positive momentum," said 2015 Florida Realtors President Andrew Barbar, a broker with Keller Williams Realty Services in Boca Raton. "Realtors across the state are reporting increased interest from both buyers and sellers – and with interest rates expected to rise in the next few months, now is certainly the time to take action. The statewide median sales price for single-family existing homes last month was $179,995, up 9.1 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations.
The National Association of Realtors said on Monday that existing home sales rose 1.2 percent to an annual rate of 4.88 million units. "Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices to near unsuitable levels," NAR chief economist Lawrence Yun told reporters. Sluggish home sales are yet another sign that economic activity slowed sharply in the first quarter, which could further diminish expectations that the Federal Reserve will increase interest rates in June. The U.S. housing index rose 0.33 percent, in line with a slightly firmer stock market.
For real estate investors, this week contains a few important economic releases. On Tuesday, we'll get the FHFA Home Price Index.
No Brokers Please solved their issues by combining FSBO selling with consultation from founder and active broker, Thomas Demsker. The No Brokers Please web site http://nobrokersplease.com/ provides packages as well as a la carte menu of individual services needed in a competitive market. "The web site is a brokerage for FSBO sellers without the huge sales commissions. It provided all the things we would need to sell like a broker, from professional photographs, floor plan and advice throughout the process," said Halperin.
WASHINGTON, March 23, 2015 /PRNewswire/ -- Existing-home sales increased modestly in February, but constrained inventory levels pushed price growth to its fastest pace in a year, according to the National Association of Realtors®. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.2 percent to a seasonally adjusted annual rate of 4.88 million in February from 4.82 million in January. Lawrence Yun, NAR chief economist, says although February sales showed modest improvement, there's been some stagnation in the market in recent months.
Despite being one of the coldest Februarys in history, the New York State housing market notched gains in both closed sales and median sales price compared to last February, according to the housing market ...