The Economist had a good property special section last week, and it’s best summed up by this piece and also the table below showing which global housing markets are overvalued, undervalued, or fair value. The U.S. is categorized in three value measures and the Case Shiller National Index is the broadest data set. And if
Economist
Here’s the magazine display at the local Whole Foods. Lots of information this week on people who make a ton of money. Click for full size. It should also be noted that $1 million dollars in $1 bills weighs about 2,200 pounds, just over one ton (so Rob says).
Here’s the magazine display at the local Whole Foods. Lots of information this week on people who make a ton of money. Click for full size. It should also be noted that $1 million dollars in $1 bills weighs about 2,200 pounds, just over one ton (so Rob says).
Good cover story image from this week’s economist. Click image for story.
A price-to-rent ratio for housing is similar to a price-earnings ratio for stocks, and this measure of home values is preferred by most investment professionals because it measures the present value of future earnings. Even though many homebuyers live in the home and therefore earn no rent, a recent Economist housing report reconciles the owner-occupant
There’s been a lot of chatter lately about banks repaying TARP funds, and disconcertingly, saying they didn’t need the money in the first place. How easily they forget … it’s just like in my daily business, I come across a lot of real estate dealmakers who are quick to assess blame when a deal is
Some sobering housing stats: Of the 129m housing units in America, 18.6m stand empty. At 2.9%, the home-owner vacancy rate, which measures the share of vacant homes for sale, has reached its highest point since measurement began in 1956. At the end of the first quarter there were 2.3m empty homes on the market, an