USC: Commercial real estate to slow in 2006. The torrent of money invested in U.S. commercial real estate that has pushed property values to record high levels is expected to slow in 2006, according to real estate experts from the University of Southern California Lusk Center for Real Estate. Investors traditionally have continued to throw money into development projects and commercial property acquisitions despite signs that property values were beginning to level off.
On the commercial side, property investors have been playing the appreciation game. They have bought properties, held them for a time, and then sold them in the expectation of realizing substantial capital gains. Investors will take a different approach in 2006, the USC experts predict. Click here to read more.
Real estate listing services to consolidate. Stakeholders of a half-dozen real estate listing services that now cover the Central Valley and most of the Bay Area down to Monterey have agreed to consolidate into a single listing service. Brokers and agents say a common database for a large Northern California region, instead of disjointed listings, will help smooth transactions that often involve regional moves, selling and buying. Representatives for six Northern California Multiple Listing Services, which have a total of more than 46,000 subscribers, met recently for two days to plan for the reorganization. Those half-dozen MLS services cover 11 counties: San Joaquin, Stanislaus, western Merced, Monterey, San Benito, Santa Cruz, Santa Clara, San Mateo, Alameda, Contra Costa and San Francisco. Among the half-dozen is the Central Valley Multiple Listing Service. That service is run by the Central Valley Association of Realtors, which serves brokers and agents in San Joaquin, Stanislaus and west Merced counties. Click here to read more.
Real estate overvalued. More signs of cooling. Residential real estate in California may be overvalued by as much as 26 percent but the anticipated market correction won't bring a sharp price decline, according to a research report released on Tuesday. It's more evidence that a cooling rather than a meltdown is in store for the state's hot residential real estate market. The analysis, from Orange-based Advanced Data Mining & Research Inc., concludes homes are overvalued by as much as 16 percent in Southern California and by as much as 27 percent in the Bay Area. And at about 28 percent, the Inland Empire ranks as one of the most overvalued areas in the state. The research firm, which specializes in property valuation methods and analysis, says that this is not surprising because prices in Riverside and San Bernardino counties have been increasing by about 16 percent a year since 2000. An overvalued market does not necessarily foreshadow trouble. Click here to read more.
Can home sellers use illness to cancel real estate deal? Signed disclosure statements hold clues to true intent. If you were the judge would you (1) rule there was a valid sales contract and, if so, (2) would you order specific performance by the sellers to deliver title to the buyers? The judge answered yes to both questions. Question and answer with Bob Bruss, real estate attorney. Click here to read more.
Retail Real Estate Investment Activity Will Grow in 2006, Survey Says. A report released yesterday shows that a majority of investors in retail real estate plan to increase their holdings this year by at least 25 percent. The 130-page report, a part of which will be published this week by REZA Investment Group, a retail real estate investment advisory firm, in collaboration with National Real Estate Investor and Retail Traffic, is based on 2005 year-end surveys of 10,000 owners and developers. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
No comments:
Post a Comment
Thank you for commenting!