01/30/2011

U.S. most affordable property market, with Detroit best value.

 The United States has the most affordable housing market among comparable nations, according to an international housing affordability survey. The eighth Annual Demographia International Housing Affordability Survey covers affordability, measured as median house price divided by gross annual median household income, across 325 metropolitan markets in Australia, Canada, Ireland, New...

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01/27/2012

USA tops investment list for 2012

 The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked No. 2 this year, according to a survey released Sunday. While the United States offers the most stable and secure option in commercial real estate, investors said improvement in rent and occupancy growth and the repeal of a 1980...

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01/13/2012

Foreclosures down 34percent from 2010

National foreclosure filings fell in 2011 to their lowest level since 2007, according to a report released today by RealtyTrac. However, there is a link  between the data and the aftermath of the robo-signing controversy, as the average U.S. foreclosure now takes 348 days to process, according to the report, and 1,019 days in New York. About 1.9 million U.S. properties received foreclosure...

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01/05/2012

Florida buyers avoid property transaction taxes

An investigative report in The Miami Herald newspaper  has reported that Florida, which currently accounts for a third of all the foreign property transactions in the USA and is the country’s number one state for international residential real estate sales, is losing out on large of amounts of property tax revenues as deals increasingly go through in cash and the buyers concerned...

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01/02/2012

Brazilians becoming big buyers in Florida

Even in a city that has embraced so many waves of Latinos that it is jokingly referred to as the only South American capital in North America, no one group has been as courted and pampered as the Brazilians. Flush with cash from a booming economy and enamoured of luxury, Brazilians are visiting South Florida in droves and spending millions of dollars on vacation condominiums, clothes, jewellery,...

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