Real Estate News Blog April Archive

Farm for Sale in Argentina

By Wilbur Corncob at 04/06/07 07:33

In New Zealand largers farmers usually live on and manage their properties, unlike farmers in South America.

In Argentina they often live Buenos Aires. The Uruguyan farmer often lives in Punta del Este or Montevideo.

Compared to many other countries, farm land is still priced at very favorable prices. This makes farm land a very viable investment option, particularly given the high yielding capacity of the rich soils in areas such as the Pampas.

Original source: . Boom picks up momentum Boom picks momentum up in Argentina

New Upscale Resort Planned in Bali

The resort features 59 one-bedroom villas priced from about US$560,000-$870,000, all with 239sqm of built-up area and 403sqm of land. The 11 two-bedroom villas, with 315sqm of built-up area on 565sqm of land, range from US$950,000-$1,150,000, while the trio of three-bedroom, 680sqm Presidential Villas, each set on 1,200sqm of land, are going for up to US$2,495,000. Owners receive guaranteed returns of 8% per annum for two years and subsequently 40% of room revenue.

Original source: . Branded residences build on Bali

Foreclosures on the rise

Foreclosures are on the rise in the Coachella Valley, California, just as they are throughout the country. Homes are taking longer to sell and as more homeowners fall behind on payments, more foreclosures are hitting the market. Many homeowners need foreclosure help due to adjustable interest rate mortgages that are resetting at higher rates.

Original source: The Desert Sun. [404 Check: was link to http:/ / www. thedesertsun. com/ apps/ pbcs. dll/ article?AID=/ 20070401/ BUSINESS04/ 704010304/ 1003, anchor: Foreclosures on the rise]

The Richest Zip Codes—and How They Got That Way

Presents the formation of pricey zip codes as a factor of evolution with the rich buying from the middle classes, the more rich buying in and finally the super rich buying and consolidating select housing and exclusivity. Important factors are also building restrictions, land availability, and the ability to leverage real estate into larger opportunities.

Original source: Business Week. The Richest Zip Codes—and How They Got That Way

The Battle for a Mortgage

Asserts that foreclosures affect the real estate market as a whole making it more difficult for all borrowers to find financing for housing purchases in 2007. As lenders are hit with the potential of rising losses due to the subprime market implosion, they are less reluctant to lend or refinance at reasonable rates to people with good incomes and assets as collateral.

Original source: The New York Times. The Battle for a Mortgage

Uruguayan find $200 million worth of success in Real Estate

In 1977, Robert P. Weisz arrived in New York City from Uruguay with just US$3,000 to his name. After starting a furniture business he decided real estate was where it's at. In the past two years he now over sees 2 million square feet of office space.

Original source: . [404 Check: was link to http:/ / www. thejournalnews. com/ apps/ pbcs. dll/ article?AID=/ 20070325/ BUSINESS01/ 703250322/ 1066, anchor: Westchester's Business Leader of the Year sees opportunities in real estate]

Housing crisis comes knocking

Details the foreclosure epidemic hitting the Midwest industrial states of Michigan and Ohio. As interest rates rise, more families are hit with higher mortgage payments and are unable to afford their homes. Foreclosure has affected the lives of many with no help in sight. Emigration from the region, due to a few employment opportunities, impacts the mortgage market and real estate prices, leading to more foreclosures, because prices fall and there is little demand for what housing exists.

Original source: The Boston Globe. Housing crisis comes knocking[404 Check: was link to , anchor: ] ss-Art_C_Ryter

UCLA Anderson Forecast Predicts “Weakness” In The National E

As the title suggests, the economy this year may be affected by the rising foreclosures precipitated by the subprime market implosion. Home prices should plateau, so if you’re getting behind on payments, you may find help and avoid foreclosure by selling your home.

Original source: UCLA. UCLA Anderson Forecast Predicts “Weakness” In The National Economy Due To Problems In The Housing Market

Subprime Weighs Heavy on Market

Suggests that the failure of the subprime segment of the mortgage market is just the tip of the iceberg in terms of general real estate market. Refinancing and other foreclosure help is projected to be more difficult in the months to come.

Original source: Forbes. [404 Check: was link to http:/ / www. forbes. com/ feeds/ ap/ 2007/ 04/ 02/ ap3571976. html, anchor: Subprime Weighs Heavy on Market]

Problem much worse in other parts of U.S.

Argues foreclosures in South San Diego County, California are below the national average. People facing foreclosure may not be able to refinance, but market evidence suggests that home prices throughout the U.S. are not falling which should give people looking for forclosure help the opportunity to sell out before losing out.

Original source: San Diego Union Tribune. [404 Check: was link to http:/ / www. signonsandiego. com/ news/ metro/ 20070329 -9999 -1n29default. html, anchor: Problem much worse in other parts of U.S.]