The cost of waiting to buy a House in current market

The cost of waiting to buy a House in current market.
Take a look at the difference in the average price and interest rate from Dec 2012 to Dec 2013. 
The average price increased by $16,800 and the average interest rate increased by 1.11% 
This was an average monthly payment increase of $228.35 !

The person who decided to wait and purchase in late 2013 paid an average of $2,740.20 more 
than they would have if they had decided to buy a year earlier.

Not that they got a bad deal, prices are still going up and rates are still in the 4% range.
But they could have had substantial savings in total cost to purchase and their Monthly payment.
*What will the estimated cost of waiting be from Jan 2014 to Jan 2015? *

Non-resident Indians (NRIs) showing increasing interest in India property

19 February 24
Non-resident Indians (NRIs) are showing increasing interest in property back home, according to a new report.
UK-based property portal Rightmove Overseas noted an impressive leap in searches for West India in this November’s search report.
Of the three Indian cities to make the “Top 10 Climbers List”, Gujarat saw a huge 41.21% increase in searches, while Maharashtra and Karnataka jumped 16.41% and 7.61% respectively.
“The west side of India saw a huge increase in searches this month,” said Shameem Golamy, head of Rightmove Overseas. “With the Hindu Festival of Lights, Diwali in November 2013, it appears as though this has spurred many non-resident Indians to search for property in this area.”
Charles Purdy, managing director of Smart Currency Exchange, adds, “With the Indian Rupee above 100 to the pound it is no surprise that we’re seeing great interest in Indian property. Which makes the cost of an Indian property for a Sterling, Euro or US$ buyer 25% cheaper.”
The portal also noted a rise in the amount of traffic coming from India itself. “In November 2013, users in India ranked 20th in terms of our user location, an indication that buyers are looking to relocate within their own country or are looking to purchase property for investment purposes,” Golamy says.
While interest may be up, new launches of Indian property are down – property consultants Cushman and Wakefield reported in December 2013 a 12% drop in new residential project launches year-on-year, with Chennai reporting the sharpest decline at 39%.

By Francine Carrel, International Property Reporter, OPP

U.S.-Panama Business Council & Tourist Authority Convention March 23, 2014

International Events Panama: The Way

March 23, 2014

Focusing on potential retiree and second home market, the U.S.-Panama Business Council has joined forces with the Panama Tourist Authority and several industry associations to present Panama: The Way, March 23-27, 2014 in Panama City. Optional field trips are schedule for March 26 - 28. Earlybird registration deadline is Feb. 7. More information at: http://uspanama.webs.com. To request a conference brochure or with questions, email uspanama@msn.com.

Real-Buzz Global Real Estate Search tops all

Portal Buzzes Past Industry Giants

30 April, 2012 by Property Portal Watch 

After only a few months since its launch Real-Buzz, made its presence known in the much coveted top 10 results to searches for real estate in major US cities on the international versions of Google, Bing and Yahoo. By contrast Zillow,Trulia and Realtor.com were rarely among the first 100 search results.

This international internet presence is impressive, as more than 70% of all traffic on-line has been in languages other than English (in 2010). Source: InternetWorldStats.com

When international potential buyers search for properties in the US on their local Google or on other search engines using search terms like “house for sale” or “real estate” in their own languages, Real-Buzz is on the top of the list in cities like Chicago, Las Vegas, Los Angeles, Miami and New York.

With international visibility increasingly more important to US would-be sellers, Real-Buzz.com allows agents to ‘tap’ international buyers on the preverbal shoulder, and offer their local properties for purchase.

“Foreign buyers spent $82 billion last year on US residential real estate, up from the $66 billion reported by the NAR in their 2010 report. That was an increase of about 20% in one year, making home sales to international buyers one of the few growth segments in the real estate market,” said Janet Choynowski, CEO of Real-Buzz.

To gain a global marketing edge for their members, most major MLS and Realtor® organizations now syndicate their listings to Real-Buzz.com, which offers a wide range of products and services designed to help agents and brokers market their listings to international and multicultural buyers, including translated property search for agent websites.