Best Investment you can make in yourself and your Business for 2013.

and positively impact their growth both professionally and personally, as well as impacting the growth and Expansion of the Real Estate Empire; when we can get this terminology and behavior to take root in our team’s culture to the point where everyone lives their life powered by a BIG WHY and focused by The ONE Thing, then we can begin to move the ball forward in a “multiplying affect” by getting each member of my team to spread/teach that message to everyone “they” come in contact with; once The Empire reaches critical mass, then the message will have a larger stage on which to be taught from, and positively affect the entire world as more and more people receive the message and in turn spread it!I want to personally Invite You to register and attend the 3 day Seminar in Bonita Springs and Naples, Florida, USA, July 09-10-11/2013.  Or come for the 1 day seminar or more. 

You can make this a short networking business trip or stay longer and connect with brokers in Orlando and Miami as well.  We will connect you with quality agents that have Investors and buyers for your properties and services.

July 9^th ,  4.30 - 8 pm, Networking, Reception, Cocktails at country club in Naples, Florida. 

Also early registration for:

July 10^th , 1 day, “Life after the Pin success” Hands on seminar with case studies and break out groups, on the most successful steps in 2013 to bring Investors and Buyers to your market and / or services. 

We have agents, representing buyers and Investors, attending from Europe (Germany, UK, Netherlands, Turkey, Croatia, etc.) and Asia (India, China, etc.) plus from Canada and USA.

July 11^th , Full day of Networking and promoting your developments, properties and services.

Property Tours available in Sarasota, Bonita Springs and Naples.

Get Your Builders / Developers to sponsor your trip.
In return you promote their and your Properties and Services to European, Asian, Canadian and USA Investors, second home / vacation home / investment home and commercial property buyers.

Contact Bonita Springs Association, BEAR

http://bearflorida.point2agent.com/About_Us/page_2466699.html  

or Naples Association, NABOR

http://www.nabor.com/welcome/main_help.asp   for more Information. 

Your cost is less than $100, plus Hotel and Transportation for Persons outside the local area. 

Best Investment you can make in yourself and your Business for 2013.

OR Contact me at:  InvestGlobal33@gmail.com   for more details.

Reports from the ICSC in Las Vegas

ICSC, The Global Retail Real Estate Convention May 19 - 22, 2013. Las Vegas,Nevada, USA

New England Idea Exchange July 16 - 18, 2013. Boston, MA USA

ICSC International Council of Shopping Centers  www.icsc.org 
detailed Information go to http://immoglobalre.blogspot.com/

Reports from the ICSC in Las Vegas

Prospects for most retail projects continue to improve as the overall economy maintains its slow but steady recovery.
“The capital markets are again awash in liquidity so the availability of financing for retail projects, even in secondary and tertiary markets has improved significantly.  The return of a healthy CMBS market is particularly beneficial for retail, as it is the primary source of non-recourse financing for second and third tier projects/locations.” as per Cushman & Wakefield’s Patrick Crandall.

According to Gary Mozer, principal and managing director at George Smith Partners, the most prominent trends in today's capital markets is a shift in lender focus from a property's static performance to the sustainability of a property's cash flow over time.
“Lenders learned valuable lessons from the economic downturn, and are now much more concerned with the underlying characteristics of tenants themselves as opposed to simply the cash flow they produce on paper.”
Previously, he adds, lenders often only looked at the quantitative basics of a project when determining whether to finance the asset. “These basics would typically include tenants' sales figures, the anchor tenant's credit rating, and the asset's payment history.  Today however, lenders are much more focused on the longevity of the asset's income stream and are delving deeper into the long-term viability of a retail property's tenants.”

 

New trends and considerations are:  “Additional qualitative considerations include how retail tenants are marketing themselves in order to attract customers.” For example,lenders now often explore the depth of a retailer's online presence to determine a tenant's longevity because “today's retailers must sustain an online presence in order to support physical locations.”

Craig Killman, SVP at JLL Retail, predicts that the retail centers that offer a “human experience,” such as entertainment—movies, sports bars, high energy restaurants, progressive grocers—will do well. “Whole Foods, Trader Joes for example coupled with Lifestyle retail like Anthropology, Apple, or Lululemon, will do very well as the economy continues to improve.”
The “human experience,” Killman continues, is something that can’t be duplicated on the internet. “While e-tailing will continue to take a bite out of bricks and mortar retail sales, centers that offer a human experience will thrive in this multi-dimensional consumer market,” he says. “The internet has provided so much convenience to our everyday lives but it can't replace the human need to connect and socialize and the successful centers will continue to build around this concept.”

Excerpts from Natalie Dolce, Report from the ICSC in Las vegas.  She is editor of the West Coast region for GlobeSt.com and Real Estate Forum,
is responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, Natalie was Northeast bureau chief, covering New York City for GlobeSt.com. Dolce’s background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats Arthur Frommer’s Budget Travel magazine, FashionLedge.com, Co-Ed magazine, and has also freelanced for a number of publications including MSNBC.com and Museums New York magazine
 

New sales record and double digit price growth in Miami real estate market in 2012

Monday, 28 January 2013

Homes sales in Miami set a new record in 2012 and prices saw double digit growth, boosted by overseas buyers, according to the latest data from the Miami Association of Realtors. Year end sales of single-family homes in Miami-Dade County rose 7.9% compared to 2011 and condo sales were up 1.2%. ‘The Miami real estate market continues to exceed expectations and generate optimism. While we expected the surge in demand to drive price appreciation, we did not expect prices to increase as soon and as strong as they did,’ said Natascha Tello, chairman of the board of the Miami Association of Realtors. But she added that the housing shortage experienced last year, the association is not expecting to set another sales record this year. Overall sales increased 12.5% in December compared to a year earlier. The sales of existing single family homes in Miami-Dade increased 16.4% while sales of existing condos increased 9.8%. In Florida as a whole sales of existing single family homes in creased 15.8% in December compared to a year ago.  Condo sales in the state were up 8.6%. In terms of prices there has now been 13 consecutive months of appreciation for both single family homes and condos.  The median sales price of Miami-Dade condo, which has increased each of the last 18 months, rose 25.4% to $163,000 compared to a year earlier and 3.2% compared to the previous month. The median sales price of single family homes rose 18.9% to $214,060 year on year and 10% compared to the previous month.  While year end median sales prices increased 11% to $188,000 for single family homes and 34% to $147,000 for condos. In December the average sales price for single family homes in Miami-Dade County increased 49.1% to $482,761. The average sales price for condominiums increased 36% to $358,856. State wide median sales prices in December increased 14.1% to $154,000 for single family homes and 26.3% to $117,500 for condos, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. ‘We expect the Miami market to continue to strengthen in 2013 as demand for local housing intensifies,’ said Fernando Martinez, residential president of the Miami Association of Realtors. ‘In addition to being a top market for foreign and vacation home buyers and investors, Miami continues to attract global attention on many fronts, including business, banking, fine arts, and entertainment. Such activities generate demand for housing, as evidenced by our strong rental market and lack of inventory available for sale,’ he added. The data also shows that active listings at the end of December were 24% below what they were in December 2011. Inventory of single family homes dropped 28% while that of condos decreased 21%. Currently, there are 5.2 months of supply of single family homes and 5.7 months of supply of condominiums in Miami-Dade, representing drops of 33% and 22% respectively. Strong demand for bank owned (REO) properties and improved processing of short sales continues to yield absorption of distressed listings and to contribute to price appreciation. In December, 41.1% of all closed residential sales in Miami-Dade County were distressed, including REOs and short sales, compared to 54.4% in December 2011 and 47.4% the previous month. There are indications that the number of international buyers are increasing. Some 65% of total closed sales in December were all cash sales, compared to 63% in December 2011 and 63% the previous month. Cash sales accounted for 49% of single family and 76% of condo closings. Nearly 90% of foreign buyers in Florida purchase properties all cash. This reflects the much stronger presence of international buyers in the Miami real estate market. By comparison all cash sales nationally accounted for 29% of transactions in December, down from 30% the previous month and 31% in December 2011.

Home Prices Rise for 10th Straight Month

Home prices across the US had a better showing this past November than they’d managed the month prior, S&P Dow Jones Indices said Tuesday., January 29, 2013. 
The S&P/Case-Shiller Home Price Indices showed that the price tags rose 4.5% for the 10-City Composite and 5.5% for the 20-City Composite in the 12 months that ended Nov. 30, 2012, a better year-over-year gain than the previous month’s showing. 

The year-over-year increases marked the 10th consecutive month of gains in prices for homes ranging from single-family houses to condominiums and co-ops.
“Housing is clearly recovering,” says David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, in a release. 

“Prices are rising as are both new and existing home sales.”
The sole exception among the cities in the 20-city composite was New York City, where prices dipped 1.1% year-over-year. Speaking on Bloomberg TV, Karl Case, cofounder of the Case-Shiller indices, blamed a dip in Wall Street bonuses for the falling-off in New York City prices.

“The better annual price changes also point to seasonal weakness rather than a reversal in the housing market,” Blitzer says. “Further evidence that the weakness is seasonal is seen in the seasonally adjusted figures: only New York saw prices fall on a seasonally adjusted basis, while Cleveland was flat.” Moreover, 10 cities in the 20-city composite saw monthly price increases in November, compared to seven in October.
The indices show shifts in regional patterns, as well. The Southwest cities of Las Vegas and Phoenix are staging “a strong comeback,” with Miami and Tampa, FL close behind. The Sun Belt states and California are also coming on strong, while the Northeast and Midwest are lagging somewhat. New York City, Boston and Chicago have suffered monthly declines in six of the past 12 months, according to a release.

GlobeSt.com Jan 29, 2013

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Here are some great short video's to keep you on track to grow your business and 
manage your time to achieve the most productive results.

http://www.youtube.com/watch?v=JSmG-mvCW4g&feature=share&list=PLc2ojfeVoD4EjZ1FshbA_VFJQg8B086Ht&noredirect=1

US Housing Market will be even stronger in 2013

US Housing Market will be even stronger in 2013 according to
top economists speaking at Florida Realtors® 2013 Real Estate and Economic Forecast Conference in Orlando. 

Led by Texas, Colorado, California, Arizona and Florida. 

Rest of US on the same trend. 

 

Latest data from Florida (October 2012) shows 44 percent of closed sales were paid in cash, signifying strong demand from investors
• Foreign buyers make up 19 percent of closed sales in Florida (October 2012)

 

Full Article: 

 

ORLANDO, Fla. – Dec. 12, 2012 – Florida’s residential real estate market will continue its upward trend into 2013, though the pace of recovery may be slower than the U.S. as a whole, according to leading U.S. economists speaking today at Florida Realtors® 2013 Real Estate and Economic Forecast Conference in Orlando.

“Florida’s housing market is back, with great possibilities for the future – but those possibilities are only beginning to be realized,” said Dr. John Tuccillo, chief economist for Florida Realtors.

Along with Tuccillo, conference speakers included Doug Duncan, senior vice president and chief economist for Fannie Mae; Leslie Appleton-Young, vice president and chief economist for the California Association of Realtors (CAR); and Pat Reass, a state-certified residential real estate appraiser at Appraisal Group MidFlorida LLC in Winter Haven.

Fannie Mae Chief Economist Doug Duncan said, “We believe the housing market is on firm footing. … Most of the improvement we’ve seen has come from the supply side of housing. Distressed properties are coming down from about 5 million to more like 3 million.”

Mortgage rates should remain low and not change much in 2013, he added, while banks likely will continue to maintain high lending standards and a tight credit environment.

“The trend has been established for the housing recovery, but robust growth awaits more jobs and a stronger economy,” Duncan said. “Three years into the recovery, the current economic expansion is the weakest since World War II. Just over half of the jobs lost in the Great Recession have been recovered.”

The real estate market “bottomed out in late 2008,” Tuccillo said, according to Florida Realtors’ market data, data from the National Association of Realtors (NAR) and other market research sources.  “Since the beginning of 2009, we’ve clearly seen a regrouping and a recovery underway,” he said.

Median sales prices are consistently rising for both existing single-family homes and condo-townhome units across Florida. However, he noted the state’s active distressed property (foreclosures and short sales) market is putting pressure on prices, resulting in smaller gains and a slower rate than what is being seen in California and the U.S. as a whole.

Other signs of Florida’s steadily improving residential market, according to Tuccillo:

• Months’ supply of single-family homes is below 6 months
• Latest data (October 2012) shows 44 percent of closed sales were paid in cash, signifying strong demand from investors
• Foreign buyers make up 19 percent of closed sales in Florida (October 2012)
• Traditional (non-distressed) sales now make up over 50 percent of Florida’s closed sales
• Closed sales include fewer REOs (real estate-owned) and more short sales
• Shadow inventory has been declining since 2009, though it remains a key factor in the state’s housing market going forward since Florida is a judicial foreclosure state (meaning foreclosures go through a court process)

Comparing Florida’s residential market to California’s and to the U.S. as a whole, CAR Chief Economist Leslie Appleton-Young agreed that the nationwide housing market is back.

“The latest NAR data shows very strong closed sales and rising prices,” she said. “Low inventory is currently a challenge for the nation, for California and also for Florida in many areas. There’s just not enough property for sale, particularly with investors buying properties for cash (29 percent of the market in California; 25 percent of the U.S. market). For California, we’re calling 2012 the return of the traditional seller to the marketplace – in October 2012, 63.4 percent of our total sales were from equity or traditional sales.”

In California, the current months’ supply of existing single-family homes is 3.1 months, Appleton-Young noted. While the state is still dealing with lender issues such as tight credit, problems are being resolved at a faster pace, she said, and home prices are rising as a result.

Looking ahead to 2013, Appleton-Young said, “There is a tremendous amount of pent-up demand for housing. The number of new units is improving, but it’s still low and isn’t enough to meet pent-up demand. The housing recovery is gaining strength, but the long-term viability of the market and its recovery depends on jobs.”

Where will Florida be in 2013? Assuming that the national fiscal problems are not resolved but are “postponed,” Tuccillo said he expects employment in the state to grow by 10 percent in 2013; residential sales to increase by 10 percent; prices (same sales index) to rise by 5 percent; commercial activity to revive; and inventory to grow as the market improves.

“I think the improvement in the market and rising prices will bring more potential sellers back into the market,” he said. “Signs point to a better year in 2013.”

 

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=284687&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+floridarealtors+%28Florida+Realtors%29