Lunes, Hulyo 21, 2014

The shipping containers can be converted into affordable housing

The Washington Post noted that the container ships are the basic component of the global economy, "the large steel boxes that ply the oceans," large containers. Now in Washington DC have been converted into a student experiment that has triggered a debate on affordable housing. "They are striking and cheap houses", says the article.

The architects of this project is to use containers pose discarded as new homes for low-income families. Davies, one of the architects of the project, states that have attempted to provide a welcoming atmosphere to these houses. The doors and windows will be introduced floored. In addition, each bedroom will have a mirror in the closet.

Workers in Baltimore breads cut steel to create an open kitchen and living space. These containers were placed in three storages and each level will be six containers. Each of the four floors will be designed as a single apartment, each with six bedrooms and six bathrooms.

The walls that give the exterior of the residential areas will be transparent plastic to be used as greenhouses. Containers are acoustic and thermal insulation, plywood walls and floors birch plywood original. Larger containers will be worth $ 2,000.

Lunes, Hulyo 14, 2014

Housing mid-segments U.S.

We tend to evaluate what is happening in the housing market in the U.S. based on what comes to us with respect to the luxury segment, particularly in Miami, with great presence in our midst of late. Products extravagant, huge towers with extraordinary designs and captivating ocean views, just unique. That little niche, basically for the rich in Latin America, today has great vitality and prices never before seen. There, the housing crisis seems to have been finally forgotten.

But what is happening today with the average American home, which is naturally the bulk of the real estate market? As the demand for labor has been recomposed, and despite low interest rates, is not even fluent in mortgage loans, so that the proportion of Americans own their homes has dropped significantly and increasingly more families end up as tenant.

But more remarkable is what has happened in the last two years especially with the units of the lower socioeconomic strata. There, due to the reappearance of institutional investors on Wall Street, the values ​​have risen in a very pronounced way. In Atlanta, for example, have doubled in Miami rose more than 50%, as in Los Angeles, San Francisco and the increase was 70%. Even if these increases compare with those of the most expensive homes (excluding the analysis to the tiny super luxury segment), the upstroke there was, in fact, more moderate. In Miami, Los Angeles and San Francisco, these homes increased between 30% and 40%.

The entry of institutional investors, which in some places is very relevant (in Atlanta, for example, accounts for 14% of transactions) has a very different dynamic than it was in the age of the housing bubble. At that time, anchored mortgages, especially for the lower strata. Given the failure of that business model, far from abandoning the target, recently chose to replace the credits, which in the crisis were bad, by direct ownership of property, now to be leased to the growing population that can not access mortgage financing, betting on the appreciation that has been verified.

As always, the big marketing campaigns that support the most renowned developments are efficient to construct an image of desire, but not necessarily make us look good investment. On Wall Street knows well, and opt for low-and middle housing for rent strata.

Lunes, Hulyo 7, 2014

75% of real estate sales ads is dollarized

75 percent of the notices published in the housing market is related to the sale of units and most of the prices are in dollars, according to a report ZonaProp.com site.

Details that dollarization of supply for the city of Buenos Aires was given from December 2012 and in Greater Buenos Aires is evident from October 2013.

Make that the relationship between notices published for sale and for rent in the city of biennia Aires, develops for sale with 75 percent, following an increase of the number of notices issued for the sale and by reduction of vacation.

Indicates that prices continue to buy dollars and hold similar values ​​stabilized to October 2012 for the city of Buenos Aires. In contrast, in the Greater Buenos Aires this trend was consolidated on prices in the first quarter of 2014.

The increase in selling prices in pesos began to slow, incorporating the exchange variation occurred during the month of January this year. For the Greater Buenos Air this month was up three percent accumulating an increase of 16 percent in 2014, just one percentage point less than in the city.

The rental prices in the city of Buenos Aires accumulate an annual growth of over 30 percent, accelerating in the last six months. In Greater Buenos Aires, the percentage is 23 percent, also accelerating in recent months to a projected 29 percent.

The garages, meanwhile, remain unchanged, following the trend of growth in line with the settings registered in the rental.

Miyerkules, Hulyo 2, 2014

The downtown Miami County's future

The development of downtown Miami and the future of Miami-Dade County are closely linked. The effervescence that is contemplated in the downtown turn affect the entire County and each financial plan to advance in the same always lead, to the front, downtown. The reason is simple, the downtown is the face and the reflection of the soul of Miami-Dade.

To better understand what represents the downtown, we have to refer to the area that affect the activities conducted therein.

Today its vibrate seems to vanish along Second Avenue Northwest, as this is what we are used to seeing, but to the extent that economic activities will increase in the county, due to the modernization of the port's profits which will provide the new Intermodal Transportation center, which will enable better communication and faster and varied services to the cities of the north and center of the state, we can see the downtown Miami cross the river and move north, with buildings housing the parent companies representing international firms, for which your business is based in Latin America. Similarly the warehouse district, business wholesale, service centers, shops, restaurants, entertainment, recreation areas and multi-use buildings, which give shelter to-business on the ground floor of doubling Built-in families and raised floors.

If the start of the new economic growth for Latin America develops as currently projected by the end of the second half of this decade, when the absurd understatement of the imperialist dream is nothing more than a bad dream and Latin Americans have been convinced that only by embracing socio-economic policy based on full development of the individual citizen and the unrestricted freedom of opportunities for them may be reached at comprehensive development of the area, Miami will be here, ready to encourage and be part of that development. Providing expertise in business, trade, logistics, legal, and financial advice. Everything is a matter of time before we see downtown Miami advanced to the Dozen Avenue Northwest.

The biggest face in the future growth of downtown to the city of Miami downside would be the unbridled development of the area.

Those with their hands on the release of future construction plans must take into account the conservation of green areas and the creation of new public parks that meet the needs of free space for residents, visitors and workers in the area.

For important issues, avoid volunteer counselors

In times of storms, cyclones, hurricanes or better whatever you call these tropical phenomena, to earthquakes, tornadoes and floods, there are many who are concerned about their safety, their property or belongings; but very few of us really know the protection afforded by your insurance policy. Especially living in a shared property or condo.

Do you know, for sure, what is the deductible that covers your insurance policy in case you need to make a claim?

Are you aware that regardless of insurance you have the condo association for the property itself, you should have contents insurance?

Many condo owners who believe that to a natural or accidental phenomenon, their personal property will be covered by the master policy that has the association and there is no greater mistake to have that belief, for policies that protect the property have nothing to do the personal property of each of the owners.

It is highly advisable to buy an insurance policy content. These policies are not expensive and, depending on the selection you make, the same cover from the replacement of the lost, to compensate for a loss as the remaining value of the object.

The policies of civil (or liability) responsibility are another product that must be viewed very seriously, because if someone has an accident inside your unit, the insurance association shall not be liable for the incident. Also this insurance will defend them against any claim, fire or water leak originating on your property and they can harm people or neighboring units to yours or another's property to be affected by the fact.

Who just from renting a unit in a condominium or any other type of property, should also be aware that the responsibility for personal property up to them and that the landlord only insures the building against any individual or casualty.

I recognize to avoid expenses that are not absolutely necessary; but insurance for durable goods is something that should be given special attention, for the cost of replacement.

Many have paid an insurance policy for years, never wanting to have to make use of it, while we wonder why we continue to maintain active; but how painful would it happen and we were seeing an unplanned unprotected!

Consult your insurance agent and Learning more about your policy. Management is well worth the time you spend on it.

Lunes, Hunyo 30, 2014

Attack foreign buyers real estate market of South Florida

Nicola Schon, Italian restaurateur with residences in Monte Carlo, Milan and New York, wanted the perfect place in Miami, with spacious, ocean view and luxuries like a spa and room service and concierge.

So I bought a $ 1.8 million apartment in the Epic building in downtown Miami, and persuaded 19 Italian friends to also buy in the same building.

"Half of the building's tenants are Italian'' joked Schon, owner of the Quattro and Sosta Restaurant in Miami Beach." We had to put an Italian flag on the roof!''

International buyers are attacking tackles the real estate market in South Florida, acquiring properties at bargain prices. The Epic skyscrapers, Schon paid almost 25 percent less than the price of preconstruction few years ago.

If you add to that the low interest rates and the tax credit for buying homes, selling homes and apartments in the South Florida shot during the first quarter of 2014, according to the quarterly report released Tuesday by Florida Realtors. The figures for April will be released May 24.

In Miami-Dade, selling apartments soared 46 percent in the first quarter to 1,920 units, compared with the same period last year. The average price fell 9 percent to $ 136.100, according to data from Florida Realtors.

The numbers reflect a housing market where prices have generally bottomed out, said analyst David Dabby, president of Dabby Group Advisors in Coral Gables.

"It is a continuation of the trend that began a year ago. Prices have dropped 50 percent compared to the peak of 2010 and that has increased sales significantly'' Dabby said." The trend is expected to be extended because, as 55 percent of sales are [short and foreclosures], the more homes will sell faster sell emerging market due to foreclosures.''

In fact, real estate agents say that buyers who had decided not to sign contracts and living in a rented house have realized that it is time to buy.

Another reason for the increase in sales is the federal tax incentive. Buyers had until April 30 to sign a contract to purchase a primary residence and until June 30 to close the transaction and fulfill the requirements for a federal credit of up to $ 8,000 for purchasing their first home and to $ 6,500 for those who purchase an additional housing.

In April 907 apartments were sold in Miami-Dade, compared to 872 in April 2013; in Broward, the figure was 1,330, compared with 1,003 in the same period last year, according to figures from EWM Realtors, which compiles the information.

Veronica Cervera, president of Cervera Real Estate, based in Miami, specializing in apartments in Brickell, Downtown Miami, Miami Beach and Key Biscayne, said he has seen an increase in the number of foreigners who buy properties, many of them from Italy, Germany, Spain, Sweden, Greece and even China. Many acquire property as a holiday.

International customers will never tell you that prices at these levels in Miami again, Cervera, who sold his unit Schon said.

"The market has bottomed out, it is clear,'' he said." We are now in the process of negotiating more transactions in the last two weeks of the last period, in some of the buildings'' year.

In South Florida there are less than 40,000 apartments and terraced houses (townhouses) of use, the fewest on the market in the past 18 months, according to a new report CondoVultures.com.

Home sales for use in Miami-Dade, Broward and Palm Beach is down 23 percent compared to May 2009, when there were 52,000 units on the market, the report said.

. "Inventory is down and Dade down is much faster than in Broward,'' said Peter Zalewski, the firm assists real estate Condo Vultures" Miami forward march: reached the maximum first dimension, play background first and now shows signs of stabilization; other markets go back.''

In the first quarter of this year, sales of single family homes in Miami-Dade dropped 12 percent, to 1,530, amid a 6 percent decline in the median price, to $ 191.200, according to figures from Florida Realtors.

In Broward, condo sales rose 45 percent in the first quarter to 2,739, while the average price was down 15 percent, to $ 71.900. Home sales rose 7 percent to 1,756, while the average price fell 6 percent, to $ 196.700, the figures suggest.

Jeff Watts and his wife Najat, who had lived in Fort Lauderdale and rented earlier in Aventura, just buy a $ 360,000 townhouse in the Rio Vista neighborhood in downtown Fort Lauderdale.

"When we take the accounts to buy the house instead of renting, financially it was better to buy because we had the money for a down payment,'' said Jeff Watts, 34, who works in the banking sector.

Fortunately we are in a market that benefits buyers in terms of negotiating prices and the number of homes for sale, he said.

Liz Caldwell, real estate agent with EWM Realtor who worked Watts said the housing was sold between $ 550,000 and $ 600,000 during the market peak in 2010. Caldwell expects property values ​​recover over time.

"It's probably the worst in terms of value, has already passed,'' Caldwell, who specializes in properties from Weston to Fort Lauderdale said.

"It will be seen in some low value at the more expensive end of the market, but for the average family in which both adults work and want to buy a home between $ 600,000 to $ 700,000, these values ​​have stabilized.''

Huwebes, Hunyo 26, 2014

The reality of the Spanish real estate: prices continue to fall the next 3 years

No, that housing prices have not bottomed out, they will continue to fall. "Since 2013 there has been a poisoning data and speculations not based on improving the real estate sector." They said, of much significance, is Fernando Rodriguez y Rodriguez de Acuna, president of RR Acuña & Associates in presenting its Yearbook Spanish Real Estate Market Statistics 2014.

According to this consultant, the housing prices could fall between 5% and 7% annually over the next three years, in addition to the settings you have already suffered the sector.

According to Acuña, in the housing market "selling selling cheaper" and in a sector where there is still a total of more than 1.7 million surplus of unsold homes, the pressure on prices can only be a downward. There are exceptions. This surplus will be absorbed, probably in two or three years in Madrid or in coastal areas of Alicante and Malaga. However, even in these places there is enough to expect a big spike in prices from 2017 conditions.

Overall, the report notes that banks still have 400,000 houses 23% of the surplus-to be given out under the watchful eye of the ECB, which should push them to sell at a discount. At the same time there is an oversupply of housing that comes from growing heirlooms, in line with the progressive aging of the population, it will also make the heirs close sales quickly prioritizing the price.

On the demand side, the employment situation suggests a slow recovery in employment at rates below 2%, with a greater weight of temporary contracts and part-time and ever lower wages. Conditions that do not provide large increases in transactions.

Turnaround, but ...

At the same time, the consultant believes that demand from non-resident aliens "not decisive" and, in the case of access to finance, the entity estimates that "the market will go better because slowly flowing the credit ", although so far only the most creditworthy flowing segments.

Thus, although from Acuña y Asociados is a "change in trend" in the housing market, because in 2014 they will start channeling certain imbalances (unemployment, mortgages, etc..), It is believed that persistent conditions suggest even "very slow" of the stock and therefore in long-term recovery. reduction

By 2016, the report expects these purchases to rebound until 332,000 operations, compared to a slight increase in finished houses, to 52,000 properties; a decrease of awards and payments in kind, to 59,000, and a rebound of estates, with a total of 149,000.

During these three years, the stock is thus reduced by 155,000 homes, about 9%, to 1,572,000 homes. In this circumstance, the entity estimates that the surplus will not be absorbed until mid 2022, but will continue until 2025 or perhaps never delete, being regions with declining population in some areas. "To say that is running the stock is nonsense," Rodriguez riveted.

Acuña & Associates talk about "collateral damage" in the process of absorption of surplus, beginning not that where the ground it "will not be worth anything" is reduced. In addition, on the source the commercial register, the report notes that about 30% of real estate developers are in a situation of dissolution, about 9,000 institutions, representing 30% of credit extended by banks and SAREB.

Your final solution would be in the medium term "an avalanche of transfer of real estate assets on the banking sector, which would force even more sales down by the banks," said Acuña & Associates.