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In the Inland Empire, which has suffered the worst of the housing market meltdown, renters caught a relative break as landlords raised rents at half the pace found in neighboring counties. Although rental rates rose across the Southland, some analysts said they had been expecting to see even higher prices given the housing market meltdown, which turns many potential home buyers into renters.
Continue reading ‘Rents on the rise as home prices slip’
Can this be the good news people are waiting for in the real estate industry, not entirely for non-home spending may be on the move towards the positive side yet like the gains made la month or two ago that showed the same minimal movement, the rest of the economy dragged it into oblivion as quickly as it became news. It seems that the effects of this recession will be around for a long time, longer than anybody expected. Continue reading ‘Development Spending Index on the Move’
As expected and foreseen by experts, the mild gains made by the housing market last month have been everything but permanent as the housing market continues on it’s plunge. Prices have leveled off which may be enough good news to compensate for the many who rely on the business for their income. Experts were right when they met the news with caution and with good reason, too high an expectation may send the market down than up. The figures last month were indeed a simple jump in sales and home prices but they lasted as fast as they came, a few weeks, with the rest Continue reading ‘February Trends False-Positive’
A surprise came this past month when unexpectedly home sales seemed to be leveling off and are showing signs of moderate sales in the positive sign of sales. This is however overshadowed by the rising jobless rate which seems to be placing a damper on any gains the economy is showing. Even with the Federal Government shelling out trillions of dollars, it seems to be doing little to bolster the confidence of consumers to go back into buying. This economic downturn is turning the US into a Thrift Country where everybody is on a savings spree, keeping more cash in their pockets as much as possible. Continue reading ‘February Posts Surprisingly Mild Gains’
Home prices continue to drop even with real estate analysts they have hit rock bottom. This is the emerging trends with concerns to the real estate market and it’s causing more people to lose homes at the same time. The sheer magnitude and length of time it is taking the market to recover is taking it’s toll and not even the federal government’s bailout funds are making enough of a difference to most homeowners. Continue reading ‘January Figures not So Good!’
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A recent survey commissioned by the Brazilian Ministry of Tourism revealed that British buyers made up seven per cent of the overseas spend on residential property, parting with £28 million in 2007. Continue reading ‘Property investors are getting excited about Brazil’
Crown Asia, one of the Philippines leading builders of high quality urban housing communities nationwide for the last decade has announced its expansion both in the Northern and Southern parts of Metro Manila to give more chance to prospective clients to buy their dream home. Their target market are mostly OFW’s (Overseas Foreign Workers), Filipinos who worked abroad for so many years and are looking to purchase property where they can finally retire with their loved ones.
The company’s mission statement focuses on delivering not just projects, but indicators of progress and by improving the standard of life of its target markets, it gives the country the necessary push and motivation for sustainable socio-economic development. Projects underway are found in 3 places, 1 to the North and the remaining two are in the South part of Metro Manila. First is in Antipolo, which is North of Manila where residential properties named Terraces and Woodberry are found. Another project on the works, Valenza, can be found South of Manila, in the province of Laguna and lastly, Amici, Amalfi and Residenza, new neighborhoods set to rise in the seaside province of Cavite, just an hour’s drive from the Philippines Capital.
With these projects, Crown Asia are hoping to deliver high quality properties to both the OFW’s and new families where they can lavish the fruits of their labor, whether here or abroad.
True to their vision, Crown Asia continue to present homes that exhibits designs of long lasting excellence and certified value, raising a balanced, healthy, and a very active community life that fosters ideals among neighbors.
The Damosa Business Center, Anflocor’s pet project is nearly complete. It is situated right beside the existing IT Park in Lanang.
This upcoming commercial building was designed to house software development outfits, telecommunication providers, research & development firms. It will be inaugurated sometime in April 2008.
Around the city, more and more commercial and residential buildings are being built. While these constructions are not directly related to IT, they are matching the efforts of various sectors in promoting the city as an ideal IT investment destination.
Mr. Villaver said he welcomes these real estate projects, as well as the entry of other property developers that are targeting information technology services to provide the necessary jolt for the local economy and provide more work to Davao’s growing number of IT graduates.
In Addition, Blue-chip property developers like SM and Robinsons are actually eyeing Davao City as a possible area of funneling in investments and open economic zones focused towards IT and IT-enabled services.
TAMPA, Fla. (AP) — Florida couldn’t navigate out of its housing doldrums in 2007.
Around the state, a surplus of homes and condos built during an unprecedented housing boom left the market saturated and sluggish. Foreclosures climbed, lifting Florida to the No. 2 spot nationwide in the number of bad mortgages per capita by November.
Continue reading ‘Sluggish Housing Market Top Florida Story in 2007′
Ed Villaver, VP and General Manager of Damosa Land, acknowledged recently that the Anflocor Group is entering into a partnership with Ayala Land Inc. for the creation of a 10-hectare business complex in Bajada. The property is located on Jose P. Laurel Ave., near Victoria Plaza complex and Barrio Obrero. Villaver estimates that groundbreaking will commence middle of this year.
This came to be following the success of the Damosa IT Park of Damosa Land, a number of other real estate development projects are now expected to see the light of day in Davao City. According to Villaver, the site wont be another IT economic zone. It will become a mixed-use property that will be occupied by business process outsourcing companies and other Manila-based franchises. Aside from these developments, a hotel is currently in the works around the vicinity to house expatriates and other transients.