Cash burning a hole in the pockets of REITs but product to buy is scarce
Posted by John McClelland on February 05, 2010 in
REITs have raised a lot of capital in the past year and they are locked and loaded for bear but they just can't find enough of them. A lot of the product that REITs like to aquire; apartments, office buildings, malls and warehouses have not been available. Current owners are hesitant to sell into a market where prices have needed a massive reset and they often keep performing assets for themselves. Additionally, banks are cautios about how they liquidate properties they have foreclosed on since they have to watch t... read more
Custom Lake Las Vegas home with outstanding features just reduced to $1,199,000.00!
Please join CBPR Agents Carmine & Lorraine Ferrara this Sunday, Jan. 31st from 12pm - 4pm at 3 Grand Anacapri, Henderson NV 89011. Light refreshments will be served.
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Posted by John McClelland on January 28, 2010 in
Recent remarks by the Federal Reserve suggest that they believe that inflation is likely to be subdued for some time. The committee stated yesterday that they will continue the target range for federal funds at 0 to ¼ percent. Naturally, since not all indicators point to a full economic rebound, the Fed has to be careful not to prematurely apply the brakes.
However not everyone in the world markets has this same view on inflation expectations. Many bond traders have the view that inflation will not be subdu... read more
Congrats to Coldwell Banker Premier Realty agent Carolyn Mullany on selling the former Las Vegas Home of Michael Jackson. Representing the seller, Carolyn received an offer on Friday, Jan. 22nd and closed escrow on Wednesday, Jan.27th. Read more about Jackson's Vegas Home Sale.
Check out photos of the amazing estate below!
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Posted by John McClelland on January 26, 2010 in
Today the Standard & Poors Case-Shiller home price indices were released. There are always a lot of articles that come out after this release. Many are focused on year-over-year changes and few consult the seasonally adjusted figures. Further, many people don't know that Standand & Poors also calculates tiered price indices. These are homes grouped by price tiers, that way we can make even better comparisons. Like granny smith apples to granny smith apples versus comparing granny smith to Blenheim (yeah I h... read more