According to the latest NAR report, 4.82 million existing homes were sold last month, a 9.3% rise from last year's 4.41 million sold units.Lawrence Yun, NAR chief economist, said in a statement, "The housing market is steadily recovering with consistent increases in both home sales and median prices."NAR chief economist continued, "More buyers are taking advantage of excellent housing affordability conditions.""The strengthening housing market is occurring even with difficult mortgage qualifying conditions, which is testament to the sizable stored-up housing demand that accumulated in the past five years," the NAR chief economist added.The nationwide median existing U.S. home price in August 2012 was $187,400, a 9.5% rise from the previous year.
According to NAR, foreclosures and short sales were sold below the market value. The combined sales of foreclosures and short sales were 22% of last month's sales, with foreclosures selling at 19% below the market value; while short sales selling at 13% discount.Meanwhile, the Maryland Association of Realtors (MAR) reported that home price and home sales in Maryland last month also showed some improvement compared to the previous year's data.In Maryland last August, a total of 5,230 home units were purchased, a 9.6% rise compared to last year's 4,772 home units purchased. The average home price in Maryland in August 2012 was $300,805, a 2.7% rise from $292,966 average price from a year ago. The median home price last month in Maryland was $255,498, a 5.9% rise from the previous year's $241,305 median price. Based on Freddie Mac's report, the nationwide average 30-year fixed-rate mortgage in August 2012 was 3.60%, a drop from the 4.27% rate in August 2011.NAR President Moe Veissi, said in a statement, "Total sales this year will be 8 to 10 percent above 2011, but some buyers are frustrated with mortgage availability.
"The NAR President added, "If most of the financially qualified buyers could obtain financing, home sales would be about 10 to 15 percent stronger, and the related economic activity would create several hundred thousand jobs over the period of a year."The Guldi Real Estate Group is consistently ranked as one of the country's top real estate teams by the Wall Street Journal. The Guldi Group provides outstanding customer service to clients throughout the state of Maryland and South Florida from four locations.
The city that is located in the Yavapai country,Arizona in USA is known as Prescott. The capital of the Arizona territory is being replaced by Prescott since from the year 1864. Due to its beautiful places in Prescott, it has become the places for learning, playing and enjoyment. So due to these facts, the Prescott Arizona real estate has gapped the attention of the land buyers to invest their money in it. Eventhough this Prescott is a small town, it has all wealth and other facilities. Though this city is a small town, it is considered as a home place for many fine education institutions and even provides a greater opportunity for employment and provides a great number of job opportunities in public as well as private sectors. Apart from shopping places, historical locations and other entertainment features, it is also famous for the buildings. Many homes will be available for sales near the golf courses and clubs.
As this city is considered as one of the best place for living a high quality live in the country of United states, we can find many attractive and spacious houses for sales as well as for living. Thus one can say surely that the best way to invest the earned money safely is to invest the money in the real estate property. Instead of wasting our earned money too much, the investment on the real estate property will be very helpful during the emergency time like any kind of operation, marriage ceremony and so on. Thus investment on the property has got the name as future investment due to this reason. Due to the advancement in the technology, nowadays we can able to do investment in the real estate property all over the world. So we can able to notice the investment on the Prescott Az homes for sale property from around the world. The vast improvement in the field of education, entertainment and employment opportunities have made the homebuyers including growing family to active retirees to choose the Prescott Arizona homes for sale in order to live a luxurious life with all facilities. Not only luxurious life but also helps to maintain a live by fulfilling all basic needs like privacy, security, education, environmental cleanliness, employment and so on.
Even apart from work schedule and study time, it provides a recreation opportunities and entertainment features to relax the people.
Ansal API is recognized to be one of the most eminent real estate developer who has successfully paved the way to achieve tremendous success. the prime focus of the company is to change the living standard of million of the individuals all across the countries as well as the overseas. Since its inception in the year 1967, this company has become one of the leading real estate developer and has been listed among the Realty and Infrastructure companies in India. It is recognized to be the most reputable as well as the professionally manageable organization, where it is seen to play a vital role in terms of operating their business in the multiple sectors that ranges from the Group Housing, Integrated townships, malls, condominiums, hotels, shopping complexes, IT parks, SEZs and the Utility services. Being the most renowned developer, this company has successfully engraved their name among the influential real estate developers. This company is successfully known to work on varied projects, either be the residential or the commercial in the multiple cities like Punjab, rajasthan, Delhi NCR, Haryana, etc. The company is known to be certified with ISO 9001:2000. Over the past four decades this company has been seen to stressing on the prospects to expand the geographical presence. the Ansal API Ltd is seen to emerge rapidly in the cities of Amritsar, Mohali, Bhatinda, Ludhiana, Ajmer, Jodhpur, Sonepat, Agra, Gurgaon, and many more. As a matter of fact this developer has thus conquered a new horizon in terms of identifying the new perspectives of growth for realty and infrastructure sectors. With the prime objective to alleviate the living standard of numerous people, this company is seen to come up with the best infrastructural facilities. In the area of the multiple operations, this company is highly focussed to accept the daring tasks that comes in their way of success. Under the guidance of chairman, Mr Sushil Ansal, the company's business are thus burgeoning in all the spheres ranging from the construction of the educational institutes, hotels as well as the infrastructural projects. The business has been move forward to a new horizon with the help of Mr. Pranav Ansal who is considered to be the Vice Chairman & Managing Director of the company A total of nearly 80,000 new units are being offered for both the townships, where from the city of Lucknow an expected sale of Rs 25,000 crore is observed which is going to increase by Rs 15,000 crore. The logo of the Ansal API Ltd is being represented in two colors i.e. Read and Black, in which the company redefines its identity. The red color depicts Rajas or Regal and stands for energy, purity, heat, dynamism and passion. being framed in red and carved in its old avatar, this company retain its continuity with the rich heritage. According to the chairman, the company has taken a good start by extending their business in multiple directions. Some of the well known projects by this developer are Akansha Enclave, Basera Enclave, Lemon County, Olympus Lake View Apartments, which are in the list of the newly launched projects while among the completed project Sushant Lok and Palam Vihar stands the best. Among the prestigious projects launched by this developer, Golf Vista is one among the best which is being loaded with the avant garde facilities that are quite enough to allure each and every individuals. Certain important features being introduced in this project are the eco friendly concept that basically consists of the rainwater harvesting system, sewage treatment plant and many more. Apart form that certain amenities that are being incorporated in this project are clubhouse, swimming pools, joggers track, multipurpose hall as well as the facilities for the indoor as well as the outdoor facilities.
There are some awesome real estate web sites like Zillow and Trulia that provide data on a national scale. They have lots of tools, and even claim to show you last sale price, tax information and more. Be skeptical of this information, however. The information on these sites is only as good as the local sources provide. Often, this extra information about properties are only estimates, and should be verified by the appropriate local professional.The way the national sites get their data is not consistent from area to area. Large metro areas generally have better quality data, as their property assessment and MLS data have been available online for many years. Smaller markets don't have the available data for accurate information, in most cases.Pay attention to your local web sites that show up in your web searching. The sites that are most 'on the ball' will generally show up when you enter an address for a property in a Google search, for example. Many real estate web sites only link to national sites to display their data - and those sites are generally invisible on the search engines. This is an important point when you are choosing a local real estate agent to market your property - you want to choose an agent who has a web site that shows up often in with a variety of internet searches. Many local agents do not have the expertise for their website to come up high in search engine results.With a good web real estate search, you can filter your searches by price, number of bedrooms, location and more. The more advanced sites will let you compare listings side-by-side, and have built in social media features so you can share your findings on Facebook and Twitter.There are lots of awesome real estate websites today that give consumers powerful features to help them find the property of their dreams. With powerful features and lots of helpful data, they can be of great help - but be careful about the accuracy of the data, remember some of the tax and sales information you read may only be estimates of the true data.
Real Estate has been one of the booming verticals in the Indian economy. Its rise began in the early part of 2008 and ever since there are only positives and growth that one gets to witness. Some people even joke saying that if you invested in real estate in India at the right time, then your future is safe and you are rich - others keep planning and contemplating a career switch to get a piece of the Indian real estate scene. With so much activity and buzz around Property in India, it is easy to assume that the sector would have saturated and the gains nullified, but strangely that is not the case. Every second week is a new project launch and every month is an addition to an existing project offering - real estate in India seems to be doing everything right to be able to grow and more importantly sustain the growth over such a long time. Property in India is a very vast topic to cover in one article, so let's just focus on real estate in the Delhi NCR region. The Delhi NCR region is home to a large number of real estate companies and home to an even larger number of property projects which are in the offing by them. Ranging from studio apartments to ultra luxury golf homes, the choices are unlimited and so are the benefits offered by the different projects - some have even roped in celebrities to promote their property projects in India. Consumers are spoilt for choices and options, if one decides to pick up a particular project apartment, but cannot get allotment, there is nothing to worry, usually there are multiple projects with the same specifications, amenities, costing and benefits being developed at stone throw's distance from each other. The real estate sector in India has witnessed immense growth in the last 5 years and with growth comes many evils and the real estate sector is not away from it. Consumers have been complaining about the numerous delays and other problems with their respective real estate companies and accuse them of using their size and power to get away with things - Consumer associations are coming up getting together the different investors of a project together to increase the effectiveness of their complaints and many other social platforms are coming up giving more power to the consumer. What is left to be seen is how the market balances itself now, will the consumers of real estate in India always be on the receiving end or will their social communities and collaborations become powerful enough to take on the real estate companies and demand their rightful share and fines for delays and other issues. We can just wait and watch and hope for the best for Property in India.
Go back 4 years and the term 'BMV' (Below Market Value) was banded around with another acronym 'NMD' (No Money Down). Those were the days whenproperties were bought one day for a low price and remortgaged the very next day for a higher price. This would leave little, if any, of the investors own money in the property, so the financial risk to the landlord was zero, while the banks carried all the liability.Many landlords build vast portfolios via this method of 'using other people's money'. It was however those highly geared landlords who crashed and burnt when the risking market burst in 2007 / 2008. Their over-geared houses were falling in value, leaving them unable to remortgage, as many fell into negative equity. As they didn't have the opportunity to move mortgage lenders because their mortgages came to the end of their fixed or reduced rate period, they found the Standard Variable rates were considerably higher than the original interest rate. Therefore they were required to 'top up' their mortgage payments each month with their own money. This strategy was was unsustainable.Their whole model for investment was flawed; in their desire to 'get rich quick' they had firstly failed to recognise the cyclical nature of the property marketplace, and instead had started to believe their own hype of being 'highly successful investors and untouchable'. Quoting the existence of a large property portfolio became purely a status symbol, rather than a true reflection of their financial security, as they believed only in the gambling game of capital growth.With the bursting of the housing market banks soon realised they had left themselves over exposed to these BMV and NMD evangelists, Next Day Remortgaging was closed down overnight and NMD rapidly disappeared from the investors radar and vocabulary.The term BMV however lived on and is still utilised today, the question is what does BMV actually mean? Which benchmark is the BMV being calculated against?In its rawest form BMV is quoted as a % based on the purchase price of the property versus the open market value of the property. i.e. the value that property has the potential to command 'at that time' on the open market (There is no doubting that you make your money at the time of purchasing a property).However like all statistics the figure of BMV can be highly misleading. For example, when hearing the success stories of investors or reviewing properties being promoted by sourcing companies you could believe that 30% BMV properties are 'two a penny'.I.e you purchase the property for 70k and the property is worth 100k.This all sounds highly attractive but a word of caution - often the BMV % quoted does not take into account any worked required at the property to take it to rentable standard. So if we take the same example above - a house bought at 70k, requiring 12k of refurbishment work the property has really been bought for 80k (the refurbishment money has to be funded by your own cash, it cannot be included within the mortgage). This means in this case the true BMV is 100k - (70+12k)/100k = 18% and not the originally quoted 30%.Although still very attractive the reality is this isn't the initially quoted 30%. But it is an accurate figure.I have seen this over exaggeration occurring time and time again, with refurbishment costs being as general and none descript as 'property is in need of a new kitchen and bathroom and decoration throughout' or 'property in need of some work'.How as an investor you are able to make a sound investment decision with only half the facts is questionable. After all any property bought heavily Below Market Value normally has an element of refurbishment work to be completed, so the equity you thought you had can soon be eaten into.Likewise when looking at the BMV values quoted, some hands free property investment companieshold a second charge on the property, looking for this to be repaid at a later date when the property is remortgaged.I believe this additional charge should also be accounted for in any investing strategy and when quoting the BMV of the property. After all once again it is real money (your money) which has to be paid.I.e.Purchase for 55k with a Second Charge of 10k to be repaid at the second time of remortgaging, the property being worth 80k at the time of purchase. An accurate indication of the true BMV figure would be (55k + 10k)/80k = 21% and not the original 32%.Perhaps it is because I am a cautious investor, or perhaps it is because ethically my desire is to be clear and unambiguous with my Alton Property Partner investors but I produce clear and detailed projection of the refurbishment work, prior to quoting the BMV of the property. These figures are also included in our calculations before an offer is made, so we know as accurately and honesty the BMV true figure. It may not look as glamorous and attractive on the outside, but it means real equity for my investor.Also I have no desire to Second Charge my investors. I charge a fair price for my handsfree investment service;in fact I even base my pricing on the 'equity delivered to my investor' after the refurbishment, so base my fees on the true value I have delivered to them. The property is then 100% owned by them. This means they then have the choice to remortgage or sell at any point in the future knowing that the equity achieved is 100% theirs.
Delhi - The Heart ThrobDelhi, being the heart throb and the national capital of the country has turned out to be the lodestar for realtors involved in real estates business. While real estate is a flourishing business as far as residential properties in Delhi are concerned, yet there are other metropolitan cities across the country that has a plethora of thriving realtors. Delhi has always been one of the hot spots for a sound investment in property. Ever since the partition of India and Pakistan in 1947, Delhi has become one of the most favorite cities for a large number of investors in property, which is replete with skyscrapers emerging in all parts of this metropolitan city. With the boom in real estate, the prices of residential properties have become not only astronomical, but extremely prohibitive.Population Explosion in DelhiThere was a time when the population of the city was sparse and property was easily available at affordable rates. People who had settled down in Delhi considered themselves to be fortunate and owning property in Delhi was a status symbol. However, with the burgeoning populace coupled with the migrating people from all parts of the country, the city appears to be bursting its seams. This has resulted in a dearth of property in the city and keeping in mind the enormous crowds making Delhi their home, several housing Projects in Delhi NCR were started to provide a breather to the already exploding city.Expansion of Real Estate in Satellite TownsThe real estate business expanded its horizons to the satellite towns around Delhi where the local people from Delhi started their move towards investment in Gurgaon property. The Gurgaon properties real estate investors have started several construction projects that included Gurgaon property builders developers. Residential properties in Gurgaon also include studio apartments Gurgaon beside residential property Gurgaon.In a similar vein, there began an exodus of commercial organizations towards the satellite cities of Gurgaon, Faridabad and NOIDA as well as Greater NOIDA, which witnessed a widespread development of Commercial Property Gr. Noida. These satellite towns developed considerably since the people working in these towns wanted to reside close to their places of work thus saving the travel time. With the development of the satellite towns, there has been a phenomenal increase in the prices of property both in Gurgaon, NOIDA and Faridabad which have even surpassed the property rates in the city of Delhi.
Our life is inspired by our dreams. Everyone has a dream in life, be it a millionaire or a common man.At this time when we are living in a world of inflation and limited land resources our dream is to find a place to call "Home" and what would be better than the property on Dwarka Expressway which makes this dream come true. Now a day's buying a property has become an important milestone in an individual's life. This is a decision which involves a lot of research and planning, only after a proper analysis a person becomes able to get a property of choice. As in India the property rates are growing faster than the economy a person needs to be more cautious and sensible while taking a decision, and if we talk about buying a property in NCR at this point of time when the price of property near any expressway has almost touched the sky we need to plan everything from site selection to finance to save ourselves from the hassles.Sometimes it takes a whole life to fulfill our dream of getting a place which can be called our dream property, and this dream property means a place which provides us a feeling of content and satisfaction. One of such property is introduced by Dwarka Projects, this property has a connectivity to the Dwarka Expressway. They have come out with amazing new residential property and this have all the features we look for before buying any property, like access to the main road which is one of the most important aspect we look for as this gives us access to other facilities also.Now the time has come when people like to invest a part of their income, it is either to secure their future or to make profits out of it and one of the best ways is to invest in property. It is seen that people after making their dream home buys a property for the purpose of investment. The simple way out is to buy apartments and sell those after some time with a hike in the purchasing price, this gives you assured profit for which the investment is made. But to fulfill any dream is not so easy and this whole process of buying and selling is not as easy as it seems to be, it involves a lot more than just buying and selling properties. Most of the times an agent or a consultant is involved in this process and who else can do this job better than a Real Estate Consulting firm like Aeon Realty placed at Gurgaon.So, the next time u dream of such a property like Dwarka Projects has come out with, just think like a real estate consulting firm which provides a gamut of services to their clients and help them in getting their "dream property" just like Aeon Realty does.
Mumbai property has been facing several crunches: the slowdown of the real estate market in the city has been seeing from quiet sometime now. In spite of all the speculations regarding it getting bolstered up, it has not been able to hold itself high. The ever-staggering prices always dampen the spirit of a common buyer and the never-ending wait for price-correction hinders any "resurrection" of his faith in the realty market. There are several adversities that the real estate is facing right now. The slump in Indian economy has directly effected property in Mumbai. This has resulted in increase in construction costs. With the hike in prices of inputs used for the developmental projects, the overall price of both residential as well as commercial markets are now sky-rocketing. The builders are not willing to pare down the costs and the much anticipated price correction never finds its way into the realty market. These astronomical costs have lessened the interests of a buyer into making purchases. Though data indicate that the demand for properties has raised by 16% in the first half of 2013, yet people are settling for budget projects only. With the lack of interest in the new and luxury projects, a big chunk of Mumbai property is lying vacant at present. As there are no takers, the developers are incurring losses and to recover these, they are hiking the property prices in affordable areas too. What's the result? The houses in localities known for offering budget prices are getting sold at higher rates. The builders have resorted to create artificial demand in such areas to fool the customers. Then there are new FSI regulations: these shall be able to bring back the much-needed transparency, but it is very problematic to apply them to the under-construction or near-to construction projects. The redevelopment in such cases would mean financial loses to the developers and the prices to soar further. Another crunch is the prolonged time taken to get a project get approved from government authorities. This adversely effects the interest of developers in launching any new projects. With such a scenario, the real estate Mumbai property is witnessing a slowdown in any new projects. The highly volatile prices have further aggravated the situation. The property prices in the city go up and down too frequently; this makes it difficult for the builders to buy big plots/land. Such an unpredictability does not work in favor of the developers or the end-users. Buy/rent/lease rooms, flats, bungalows, office spaces, studio apartments, independent floors, godowns and plots at . This fastest growing property portal lists under-construction and completed projects from developers and land owners throughout the country.
Texas can save time and money new tenant. You can outline the parameters of their apartment of your dreams, and inserts it into the search function of an online apartment rating service, and the list is returned that is filtered to your exact specifications, saving time. You can also select the price range for which you want the rating service to search for apartments online, so you can be sure that any list of apartments within your budget.Texas, websites offering apartments location services and listings that visitors can easily find apartments in major cities in Texas that meet your search criteria. These sites are 100% free and renters who use them to find their new apartment, get effective performance. Locator rebates are usually around $ 100, but sometimes more, and is a way of saying thanks for using their services, as well as a way to help customers remember to list your company as the reason lease of the property.If you find Texas Apartments in Dallas close to your workplace after which itself is a standard, and eliminates the choices of other areas of the supply of Dallas. Note that the areas south of downtown Dallas are not as up-market and new as are the areas in the north. Also keep in mind that the tenure and occupancy laws only allow a certain number of people stay in a house, laws, etc. also require that the levels of rental income for at least three times the rent, etc. All these factors should be considered in finding apartments for rent Dallas.The apartments are very popular because it is one of the fastest growing and is considered one of the most livable communities in the country. The city is diverse and has a perfect blend of old architecture with new ones. What are the older neighborhoods in the heart of the city and moving out is the new architecture. It has excellent transport facilities and the average trip is about 20 minutes. One of the best places to find apartments in the area of Texas Christian University. However, you can even find gated communities and in the north of Fort Worth.If You Looking Apartments. Then visit our site here is list of Texas Apartment Dealers List In Texas. Kerrville Hill dot com is Texas Hill Country visitors guide. Here you find art, apartments, loading, bed and breakfast, Hotel and motels