Is the property market shifting in ChinaA look at price-income ratios in sample nationsPosted: July 25, 2011 at 9:47 AM by John McClellandJeremy Warner, writing in the UK Telegraph, presents an interesting chart showing price-income ratios for various Chinese cities as well as a sample of other nations. Beijing and Shanghai look particularly scary. Income growth is really going to have to keep going up at a fast pace or this is likely to be a problem. Chinese authorities are aware of this but it is difficult to forecast what happens in a slowdown. Transaction volume is beginning to slow.By comparison, U.S housing, while it could still be read more |
Las Vegas Rental Market and other newsshort updates on Las VegasPosted: July 13, 2011 at 2:03 PM by John McClellandSome short bullet points on recent news:- Slot machine revenues have increased for three months. Reported gaming revenue in May showed a year-over-year increase (although baccarat accounted for much of this). -CNN Money ranked Las Vegas as a top city to purchase rental properties. Noting our obvious bias, we do agree with their assessment based on the strong rates of return we have been observing in the market and by our own clients. read more |
Home Price IndicesLate spring figures arriving, new housing futures contractPosted: June 27, 2011 at 9:29 AM by John McClellandThe Case-Shiller home price index continues to post declines, yet many of these observations are lagged. The current index release is for March with the April release scheduled for Monday. The March figure was off 1.1% from February, whcih is a sizeable slide. However, the late spring and early summer months are generally hotter selling seasons and this has yet to be reflected in the Case-Shiller numbers.FNC, Inc has an alternative index based on a hedonic methodology that I really like. The formation o read more |
Rental MarketJohn Burns says top rental markets about toPosted: June 16, 2011 at 7:53 AM by John McClellandIt is well known that economic conditions have greatly changed the rate of household formation. Young adults are cohabitating with parents, friends or relatives at an uncommon level. For this reason, John Burns, a recognized researcher who studies housing, believes that the rental market is about to "explode."In the shadows of the housing crisis there are many individuals who are seeking a home of their own. This is likely to drive rental demand when job growth is sufficient to add fuel t read more |
Broker Preview EventThe Gables Community in Las VegasPosted: June 14, 2011 at 3:30 PM by John McClelland This Thursday the 16th there will be a Broker Pre-View Event at the Gables Community in Las Vegas. These homes feature: New Homes Move-in Ready Quick Close 3% Commmission Not REO or Short Sale Small Gated CommunityThe event will be held at the community at 2920 Gables Vale Court from 4:00 to 6:00 pm. RSVP to GablesLV@cbvegas.com.For more info visit www.Gableslv.com or call 702-259-2000.This is a great community in a very convenient location. read more |
