Zillow says it's official: Market hit bottom

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Zillow says it’s official: Market hit bottom

SEATTLE – July 24, 2012 – Experts still question Zillow’s forecasts, but their latest one could convince skittish buyers to jump into the market: The company says its Zillow Home Value Index (ZHVI) rose on an annual basis for the first time since 2007 in the second quarter, increasing 0.2 percent year-over-year to $149,300. Zillow execs say a pattern of price increases indicates that the real estate market has hit bottom.

“After four months with rising home values and increasingly positive forecast data, it seems clear that the country has hit a bottom in home values,” says Zillow Chief Economist Dr. Stan Humphries. “The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own.

Nearly one-third of metros in the ZHVI – 53 out of 167 – posted an annual increase in home values. The largest increase came in Phoenix, where home values are up 12.1 percent compared to the second quarter of 2011.

In a separate report that forecasts future home values, Zillow expects 67 of 156 markets to see value increases over the next year, with the largest increases expected in the Phoenix (9.9 percent) and Miami areas (6.1 percent). U.S. home values are expected to rise 1.1 percent.

“Of course, there is still some risk as we look down the foreclosure pipeline and see foreclosure starts picking up,” says Humphries. “This will translate into more homes on the market by the end of the year, but we think demand will rise to absorb that, particularly in markets where there are acute inventory shortages now. Looking forward, we expect home values to remain relatively flat as the market works through a backlog of foreclosures and high rates of negative equity.”

© 2012 Florida Realtors®

 

 

 

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Renten Alarm

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·          Berlin – Der große Renten-Alarm: Betroffen sind allein 17 Mio. Deutsche, die mit Betriebsrenten vorsorgen. Sie müssen sich auf niedrigere Auszahlungen einstellen, so Rentenexperte Bernd Raffelhüschen (Uni Freiburg) in der „Frankfurter Allgemeinen Sonntagszeitung“. July 2012

·         Gefährlich wird es aber auch für Riester-Sparer und alle jene, die auf Lebensversicherungen setzen!

·         Der Grund: Vorsorge-Gelder müssen besonders sicher angelegt werden. Doch Staaten mit hoher Kreditwürdigkeit zahlen in der Euro-Krise nur noch geringe Zinsen! Eine deutsche Bundesanleihen mit einer Laufzeit bis 2017 bringt gerade mal 0,32 % (2022: 1,28 %).

·         Finanzexperte Prof. Stefan Homburg (Uni Hannover) zu BILD: „Die Renditen sinken von Jahr zu Jahr. Für Anbieter privater Altersvorsorge wird es immer schwieriger, die Gelder gewinnbringend anzulegen und den Garantiezins zu erwirtschaften. Die Deutschen müssen sich mit Mager-Zinsen zufriedengeben.“

·         Nach Berechnungen der Anleiheberater Bantleon dürfte die Verzinsung von derzeit 4 % auf 2,5 % in 2017 sinken. Das heißt: 1000 Euro Rente, die heute noch im Vertrag angepriesen werden, schmelzen auf 650 Euro zusammen.

·         Und diese Mager-Renditen drohen auch noch von steigenden Preisen aufgefressen zu werden!

·         Der Grund: Die Europäische Zentralbank (EZB) verleiht zurzeit Geld zu Mini-Zinsen (0,75 %) an die Banken, um die Wirtschaft anzukurbeln.

·         Problem: Je mehr Geld Banken verleihen, desto mehr wird ausgegeben. Das steigert die Nachfrage – und treibt die Preise. Zwar lag die Teuerung im Juni nur bei 1,7 %. Aber Finanzexperte Homburg rechnet mit weiter steigender Inflation, sollte sich die Euro-Krise verschärfen. Konkret: Steigen die Preise um 5 %, sind 1000 Euro nach 10 Jahren nur noch 614 Euro wert.

 

 

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Golden Corral Restaurant coming to Cape Coral

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Cape Coral Florida

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HomePath Mortgage by Fannie Mae benefits

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HomePath Mortgage allows a buyer to purchase a Fannie Mae-owned property with a low down payment, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions towards closing costs are allowed. Available for owner occupants and investors

HomePath Renovation Mortgage allows a buyer to purchase a property that requires light to moderate renovation. The one loan amount includes both the funds for the purchase and renovation — up to 35% of the as completed value, no more than $35,000. Available for owner occupants and investors.

 

Benefits to You, the Buyer

• No lender-requested appraisal
• Low down payment — at least 3 percent can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer.
• Flexible mortgage terms (fixed-rate, adjustable rate, or interest-only)
• No mortgage insurance; ask your lender for cost details on loans without mortgage insurance.
• Expanded seller contributions for closing costs.
• Available for primary residences, second homes and investment properties.
• Many condo project requirements are waived; ask your lender for details.
• For more information, contact a HomePath Mortgage lender

Note: Potential buyers should use the lender and financing product that best meets the needs of the buyer and the property, and should always consider requesting a home inspection of the property. *Ask your lender for cost details for loans with no mortgage insurance.

 

 

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Florida Immobilien zum Schnaeppchenpreis

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·         ImmobilienFlorida-Immobilien gibt es zum Schnäppchenpreis Immer mehr Deutsche investieren in den USA.

·         24.03.2012 00:00 Uhr  von Klaus D. Voss

·         Vor dem Kauf gilt es, sich gut zu informieren.

·         Dass Florida das US-amerikanische Rentnerparadies ist, dürfte hierzulande bekannt sein. In den vergangenen Jahren haben aber auch immer mehr Deutsche den Immobilienmarkt im Süden der USA als Investitionsmöglichkeit entdeckt. Denn seit dem Beginn der Immobilienkrise 2006 sind die Preise für Wohnungen und Häuser stetig gesunken; aktuell liegen die Preise für Einfamilienhäuser um 50 Prozent unter den ursprünglichen Werten, der Preisindex in Florida ist auf dem Stand von 2002. Das noch immer gute Kaufkraftverhältnis des Euro zum US-Dollar tut sein Übriges.

·         Wintermüde Bundesbürger, die über den Kauf einer Immobilie in Florida nachdenken, sollten nicht allzu lange zögern: Auf die Frage, wann der richtige Moment gekommen sei, gibt es derzeit von vielen Experten eine Antwort: „Jetzt”.

·         “ Die Preise sind günstig wie nie – aber werden es nicht mehr lange bleiben. Vieles deutet darauf hin, dass es aufwärts geht mit der Branche – und den Preisen.

·         So lässt das wichtigste Immobilienmarktbarometer in den USA, der Case Shiller Index, auf eine „langsame und maßvolle Erholung“ der Preise schließen, wie es in Fachkreisen heißt. Der NAHB-Index (National Association of Home Builders) stützt sich auf monatliche Umfragen bei Bauunternehmen – und macht allen Beteiligten Mut: Es geht wieder aufwärts auf dem Bausektor. Die übrigen Indices stützen diese Ansicht.

·         Gerade weil die Preise so niedrig sind, werden sie zwangsläufig wieder steigen: Die Nachfrage zieht an – Häuser sind für US-Bürger wieder erschwinglich geworden. Die Mieten in den USA sind immens hoch, im Eigentum lebt es sich preiswerter.

·         Den besten Schnitt machen Immobilienkäufer derzeit an der Golfküste, wo in den vergangenen zehn Jahren ganze Stadtteile auf Neubauflächen entwickelt worden sind: in der Gegend von Cape Coral, Fort Myers und vor allem in Napels, dem Treffpunkt der Floridadeutschen. In Napels im Collier County sind sogar die Parkautomaten außer auf Englisch und Spanisch auch auf Deutsch beschriftet, begrüßt wird in vielen Geschäften mit einem freundlichen „Guten Morgen“. Rund 250 000 Deutsche haben bereits in Florida ihren Wohnsitz.

 

 

 

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Europe's financial woes ripple to S. Fla. in real estate, trade, tourism, finance and more

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·         Europe’s financial woes ripple to S. Fla. in real estate, trade, tourism, finance and more

·         MIAMI – July 6, 2012 – Europe’s financial woes may be South Florida’s gain – at least when it comes to real estate.

Europeans with extra cash are looking to invest faster in second homes in South Florida before the value of their euro currency drops further, real estate specialists said.

Euro-zone woes are rippling to South Florida in varied ways, raising concerns about trade, tourism, stock markets and even the broader pace of the U.S. economy and global growth.

International buyers from Europe and other regions accounted for about 15 percent of Florida’s real estate sales before the 2007 recession, and they’ve represented the bulk of cash buyers in recent years.

For Europeans with extra cash, now is the time to buy in South Florida, said Senada Adzem, director, Douglas Elliman real estate in Boca Raton, which specializes in high-end homes. Her European business is up this year, especially from U.K. and German buyers purchasing homes worth $5 million and more.

“The euro decline gives them a sense of urgency,” said Peter Zalewski, founder of Miami’s Condo Vultures, which focuses on condos east of Interstate 95. “It forces them to pull the trigger sooner rather than later.”

Many cash buyers from Europe are investing in areas where they figure they can rent out their apartments for a gain. That’s mainly downtown Fort Lauderdale and south, on or near the water, said Zalewski.

Copyright © 2012 the Sun Sentinel (Fort Lauderdale, Fla.), Kathleen Haughney and Doreen Hemlock. Distributed by MCT Information Services.

 

 

 

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New home sales up, fastest pace in two years

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·         New home sales up, fastest pace in two years

·         WASHINGTON (AP) – June 25, 2012 – Americans bought new homes in May at the fastest pace in more than two years. The increase suggests a modest recovery in the housing market continues, despite weaker job growth.

The Commerce Department said Monday that sales of new homes increased 7.6 percent in May from April to a seasonally adjusted annual rate of 369,000 homes. That’s the best pace since April 2010, the last month that buyers could qualify for a federal homebuying tax credit.

Even with the gains, the pace is less than half the 700,000 that economists consider to be healthy.

Still, the increase follows other signs that suggest the housing market is rebounding nearly five years after the bubble burst.

Builders are slowing gaining confidence in the market and starting to build more homes. Mortgage rates have plunged to the lowest levels on record, making home buying more affordable. And sales of previously occupied homes are much higher than the same time last year.

Though new homes represent less than 20 percent of the housing market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in tax revenue, according to the National Association of Home Builders.

The gains in new homes sold were concentrated in two regions of the country last month. Sales surged 36.7 percent in the Northeast and 12.7 percent in the South. Sales fell 10.6 percent in the Midwest and were down 3.5 percent in the West.

The median price of a new home sold in May edged down 0.6 percent from April to $234,500. But the price was 5.6 percent higher than the same month one year ago.

Sales of new homes are increasing despite a sluggish job market, which has slowed retail spending and business investment in computers and machinery. Some economists warned that the weaker job market has also started to affect some home sales.

Sales of previously occupied homes fell in May to a seasonally adjusted sales rate of 4.55 million after nearly touching a two-year high in April.

Still, sales have risen 9.6 percent from the same month last year.

Hiring slowed sharply in April and May, raising concerns about the strength of the recovery. Employers have added an average of only 73,000 jobs a month in April and May. That’s much lower than the average of 226,000 added in the first three months of this year.
Copyright © 2012 The Associated Press, Martin Crutsinger, AP economics writer.

 

 

 

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