Staff writer
Across the nation, home prices had increased on a year to year basis by 6.7 percent. This figure included distressed sales compared with figures from March 2015. On a month to month basis, home prices rose by 2.1 percent between February and March 2016. US Rental Market Sputtering
The research was conducted by Axiometrics and it found that the average rent for off campus school housing, which many new graduates would opt in their first months of finding a job, cost about $533 near the University of Florida campus. In nearby Florida State University, the cost of rent was at $536. In comparison, the average room rental for March in Miami was at $1,000. In Orlando, one room sets back an individual at $651 and in the Tampa- St. Petersburg area, the cost is at $657. China's Impact on Global Real Estate
While much of the business is in mergers and acquisitions, especially in the agribusiness sector, Chinese purchases of real estate properties and/or interests have made a splash in the global real estate market. Amongst the purchases were the $13 billion spent for Starwood Hotels &Resorts Worldwide Inc. The total volume for the quarter had already surpassed $16 billion. Prices of Luxury Homes on the Decline
The study differentiated homes in the top 10 percent of ZIP codes in each metropolitan city is deemed as the 'luxury market'. Comparatively, the bottom 10 percent of ZIP Codes in the same metropolitan city is deemed as the 'entry-level-market." Would Investing in Portland Real Estate Be a Good Idea?
There are many factors to consider when deciding on investing in real estate. There is the matter of mortgage rate, interest rates, local economies as well as real estate prices. Now, being in a borderless economy, even international trade and political views affect market fluctuations. Bank's Losses Increase in Commercial Real Estate
The fourth quarter CRE loss rates, which is the annualized charges as a percentage of average loan balances, is now being reviewed by regulators recently. This is part of the oversight on financial institutions' activities that are related to commercial real estate loans. The oversight was instituted to prevent the market crash recently experienced by the real estate market. Loophole Provides Savings for Wealthy Property Buyers
The current tax imposable on transfers on real property is pegged at one percent for the first $200,000. The rate increases to two percent when the property is worth $2 million and anything over that is taxed at three percent. Many first time buyers are exempt from this tax. With this tax alone, a projected $1.5 billion in revenues are expected to be collected between 2015 and 2016 alone. Hot Summer Good for Real Estate Purchases
There are many reasons why spring is busy for real estate. One of the reasons is that homes look better during spring. This causes listings to expand and increase available inventory. Alongside this is the increase of potential buyers interested in purchasing a home at this period. With these two factors, home prices naturally would increase as demand increases. Largest Ghost City in China at 90 Percent
With previous articles showing that Ordos Kangbashi as the "largest ghost city in China", recent reports have started to dispute the assertion. Recent government announcements said that the city is at 90 percent occupancy. Rents in London Set to Surpass £2,000
As of the moment, the average rental cost is at £1,867 per month. This was 2 percent higher from prices at the start of 2015 as observed by real estate agent Portico's London Rental Market Report. In the said report, based on its historical data, two bedroom homes would reach £2,008 per calendar month by the time September comes around. Home Sales Volume Above Expectations
The reported volume for March was higher than February's annualized rate of 5.07 million. Previously, projected sales forecast was pegged at 3.5 percent or a volume of 5.30 million units for March. As reported, sales increased by 1.5 percent from last year's volume. Digitization Revolutionizing Real Estate Market
With the digital age overtaking many established markets, only time will tell until it reaches and dominates the real estate market. The main problem is, according to a report from CNBC, government agencies and established companies are too slow to adjust to the changing times. Earth Day Influences Future Home Designs
The major obstacle to going green is the cost. The Forbes report, quoting CrediFi, estimated that an additional 10 percent to 30 percent cost would be shouldered by the developer. Luxury Real Estate Markets Levelling Off Despite New Inventory
Houses that are priced at the top of the luxury market felt a decline in demand compared to the last quarter of 2015. The average sale price of a home in the Hamptons, one of the luxury neighborhoods in the US, was at $8.8 million for the first quarter of 2016. In 2015, a similar home in the same luxury neighborhood was at $12.3 million. Self-Storage Is The Investment To Make In Real Estate
This has become one of the most solid investments in real estate available nowadays for several reasons. The report said that the industry is recession-resistant. The market is open to the widest clientele, from the wealthiest to the most ordinary. This is often done through the purchase of shares of real estate investment trusts. Mortgage Price Drops Prior to House Hunting Weekend Sale
Home buyers are in for a treat as rates have dropped prior to "big house hunting weekend." China's Entertainment Giant Bought Hollywood Studio Behind Jurassic World for $3.5B
China’s entertainment giant sets out its course to Hollywood purchasing studio Legendary, the maker of Jurassic World, for $3.5 billion. According to the firm, the deal was “China’s largest cross-border cultural acquisition to date”. This makes Wanda group the first ever Chinese company to own a major Hollywood studio. 'Fast and Furious 8' Cast, News: Helen Mirren, Kurt Russell, Paul Walker’s Brother Cody Will be Joining the Cast [Video]
Fast and Furious 8 Cast is finally out. Fans are more than psyched to know that the guys from "Fast and Furious" will be back by 2017. As of their last sequel, "Fast and Furious 7," the film was able to gather around $1 billion as per Cinema Blend. 'The Flash' Season 2 Mid-Season Review: Juggling Too Many Things; Spine of the Episode Is Solid, Balance of Drama & Entertaining Levity
"The Flash" mid-season ends with episode 9. The common feedback that critics give on the finale of the first half of season 2 is that it juggles too many things. ‘Mighty Morphin Power Rangers’ Comics News Update: Feature Really Stylish Teens; Writer Thinks Green Ranger as Han Solo and Wolverine Combined
"Mighty Morphin Power Rangers" comics has recent updates featuring stylish teens. Kyle Higgins, the comic writer, thinks that his Green Ranger a combination of Han Solo or Wolverine. Find out why. 'Dragon Ball Super' Spoilers: Freeza Gaining the Upper-Hand in the Battlefield, Powering up to Ultimate Form; Captain Ginyu Meets His End
"Dragon Ball Super" episode 23 spoilers hints that Freeza will be gaining the upper-hand in the battlefield while fighting the Z Fighters. Fans of DBS will see him powering up to ultimate form. It is also revealed that Captain Ginyu will meet his end. ‘Platinum End’ Chapter 2 Manga Review: Story Solidly Set-up, Excellent Plot, & Great Artwork
Tsugumi Ohba and Takeshi Obata new manga "Platinum End" has recently released its chapter 2. Reviews say that aside from a great artwork, it also has an excellent plot and solidly set-up story. 'Fairy Tail' Chapter 465 Spoilers: Zeref Dragneel Reveals More of His Family Secret
"Fairy Tai" chapter 465 spoilers give several hints of what's about to come in the manga series. The next installment will reveal the secret that happened 400 years ago in the family of Zeref Dragneel. Disclosing things that happened in the past will also lead to another shocking revelation. Smallville’s Superman Tom Welling's Return To CBS Might Pave the Way for his “Super” Homecoming?
Smallville's Superman Tom Welling gets a deal with CBS as a star and producer of a new show. The TV Network is set to do a drama series titled "Section 13." With Welling's return, it is also a possibility that he might be doing his famous role as Clark Kent, since he'll also be working again with Warner Bros. ‘Arrow' Season 4 Midseason Finale Spoilers: Oliver Queen Final Transition as Green Arrow; Felicity Got Abducted, A Death of A Character Expected?
"Arrow" Season 4 mid-season finale features Oliver Queen ultimate iconic comic version transition as the green arrow. Spoilers also reveal that Felicity will be abducted and a death of a character will rip the viewers' heart out. ‘Gotham’ Season 2 Episode 12 Spoilers: More Villains Will Rise; Dr. Freeze’s Agenda Revealed
The second part of "Gotham" Season 2 will resume on Feb. 29, 2016. Its return will reveal more villains. The ending of the midseason finale already teased the coming of Dr. Freeze. ‘Mobile Suit Gundam: Iron-Blooded Orphans’ News: Kyle McCarley as Mikazuki in English Dub
"Mobile Suit Gundam: Iron-Blooded Orphans" English dub has already revealed its casts. One of the cast members is Kyle McCarley who will play the role of Mikazuki. ‘Pokken Tournament’ News: Photo Leaked Online Hints Sceptile as New Playable Pokemon
The latest news about "Pokken Tournament" involves on the photo that has been leaked online. The picture hints that new playable Pokemon is none other than Sceptile. 'Digimon Adventure Tri' News: Key Visual of the 2nd Film Unveiled for Ketsui
"Digimon Adventure Tri" second film has released its key visual on its official website. It has also been disclosed the date of its theatrical release. Seven Seas Entertainment Gets The ‘Magia the Ninth’ Manga License
Seven Seas Entertainment recently acquires the license in publishing the "Magia the Ninth" manga. This official announcement has made on Monday.
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NYC Bill Relieving Renters Of Broker Fees Passes Without Mayor's Signature. Real Estate Groups Are Suing To Stop It
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