Today’s article discusses the top real estate hot spots for Chinese investors. Here’s what they had to say, “Big institutional Chinese investors who want global real-estate portfolios typically look for trophy projects in cities like New York, Los Angeles and London. Just this month, Hilton Worldwide agreed to sell its flagship Waldorf Astoria hotel in New York City to a Chinese insurance company for $1.95 billion—the steepest price tag ever for a U.S. hotel, brokers say, although it isn’t the highest on a per-room basis.” To read more, CLICK HERE.
Want to play a game? This game is called the real estate market game and today’s article explains how to play it. “The slowdown is good news for home buyers, of course. And recent weakness in real-estate investments, including home builders, has created opportunities for bargain hunters, some analysts say. But if the Federal Reserve begins raising interest rates next year, as expected, the cost of financing will increase—making things tougher for buyers and investors alike.” To read more, CLICK HERE.
Do you flip houses? Did you know there are certain things you need to disclose? This Wednesday we bring you an article that explains exactly what you may need to tell your potential buyers about the house. Here’s one, “when water gets in where it shouldn’t, it can damage personal possessions, undermine the home’s structure and even create a health hazard if it encourages mold growth. Sellers should disclose past or present leaks or water damage.” To read more, CLICK HERE.
Good news for homeowners who are upside down on their house. According to today’s article, the number of people with this issue is getting smaller as the value of homes goes up. Here’s a quote, “…rising home values is the biggest reason for the decrease in underwater homes.” To read more, CLICK HERE.
The housing market should be making its way back but another unforeseen problem may arise in the form of recent college graduates. Because students are now graduating with much more debt than decades ago, it may be harder for them to save up to put a down payment on a house. To read more, CLICK HERE.