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September 27, 2011

In the Market for Buying Homes? Now is Your Ideal Time

Filed under: Uncategorized — Mr Oscar @ 5:04 am

In the Market for Buying Homes? Now is Your Ideal Time

It is no understatement when we talk about the home buying market being in a slum in the recent years. But the time has come that it is all turning around because the sale of existing homes has reportedly jumped 7.7% in August. Up from 4.67 million homes in July, the National Association of Realtors states that a surprising 5.03 million homes have been sold this fiscal year.

According to the consensus estimates from Briefing.com, economists estimated the August sales rate to be at 4.7 million homes. But seemingly enough, sales have picked up as the prices of homes decline. The median price for an existing home was $168,300 in August, down 5.1% from a year ago.  Even if you get a loan now and your home falls in value, you can still refinance your loan through the HARP Loan process.

Not all is on the brightside though in the home buying market. Banks have pulled back on lending in response to the rising home sales. “The biggest factors in keeping home sales from a healthy recovery are mortgages being denied to creditworthy buyers, and appraised valuations below the negotiated price,” said Ron Phipps, president of NAR, in a written statement. He then went on to recommend small regional banks and community banks as the best options for prospective home owners.

Lawrence Yun, NAR chief economist, states the rising cost of renting could also be a factor as to why more Americans are choosing to buy. But there are still those buyers who want to protect their assets from our unpredictable market.  “Investors were more active in absorbing foreclosed properties. In addition to bargain hunting, some investors are in the market to hedge against higher inflation,” said Yun.

So now we ask, is the unexpected 18.6% surge from 4.24 million homes last year, enough to sway you into the home buying market? Or what are your thoughts as to what will happen in the near future to the sale of existing homes?

Check out our new condo selection in top markets like, Washington DC Condos, Seattle Condos, and Los Angeles Condos.

September 17, 2011

Nicaragua’s Growth and Prospects Analyzed by The Economist

Filed under: Uncategorized — Mr Oscar @ 7:46 am

Nicaragua’s Growth and Prospects Analyzed by The Economist

One of the world’s most respected and influential publications, The Economist, recently turned its attention to Nicaragua, further reflecting the growing awareness of the country and its progress. While focusing initially on the upcoming presidential election in November, the article also acknowledged the increasingly capitalistic direction of the government as it works to fuel economic growth. Noted in particular were substantial exemptions from taxes for companies coming into the country for manufacturing purposes.

While pointing out the traditionally socialist attitude of current president Daniel Ortega (favored in November) and the ruling FSLN party, the article offered some positive comments from other key sources. “On a visit to Managua in July, the IMF’s deputy head praised Nicaragua’s ‘courageous’ efforts to maintain macroeconomic stability,” the article said. “The World Bank reckons it is the easiest country in Central America, Panama excepted, in which to start a new business. This year Nicaragua expects to have more foreign direct investment, as a share of its GDP, than any other country in the isthmus.”

Growing Faster Than Any Other Central American Country

While a close alliance with Venezuela continues to help the economy, Nicaragua saw its economy in 2010 grow faster than any other country in Central America, with the exception of Panama. Foreign investors, including multinational firms, are seeking and finding opportunities in Nicaragua, with the article pointing out that, for example, both Levi’s jeans and BMW parts are being produced in the country. Expected to help in the future is the tariff-free access Nicaragua enjoys with the United States as part of CAFTA.

Exports and Tourism Continue to Increase

Other recent developments not mentioned in The Economist article (August 27, 2011) are the continuing rise in tourism, with record increases in both 2009 and 2010. This number is projected to go up again in 2011. The country’s exports increased by over 30% in 2010 and are expected to achieve that same level of growth this year.

Trade with China Actively Pushed

In its ongoing drive to further energize its economy, Nicaragua recently opened a trade and investment office in China “to promote business opportunities and foster the development of economic relations between the two countries.” The opening of the trade office in Beijing is in direct response to the growing involvement of China in Latin America, with investment topping $180 billion in 2010. This amount is projected to top $220 billion in 2011. The Central Bank of Nicaragua reported the country’s exports to China rose by 121% in 2009, making it the fourth largest market in Asia at that time but still trailing other key trading partners. In terms of individual countries, the United States currently remains Nicaragua’s largest trading partner.

Personal security always is an area of concern for visitors and investors. A 2010 study by CID Gallup Latin America found that Nicaragua has the lowest incidence of crime in Central America, which reinforces other studies that have ranked the country as the safest in the region.

Real Estate Remains Stable

On top of all this positive data is the fact that real estate prices continue to be stable and comparatively low in terms to other Central American locations. Plus, the latest incentives for retirees make the New Nicaragua one of the most conducive places in the world to call home.

The results of the November election are not expected to slow the country’s economic development and desire to improve the quality of life for its citizens. The hope is, in fact, that the new government will accelerate activities and push even harder to take advantage of opportunities that exist and will arise.

September 12, 2011

Special Webinar on the Benefits of Purchasing Property Now In the New Nicaragua

Filed under: Uncategorized — Mr Oscar @ 9:36 pm

You Could Be Sorry If You Miss Wednesday’s Special Webinar on the Benefits of Purchasing Property Now In the New Nicaragua

We often hear about and are promised “only once” opportunities. But we honestly believe you will regret missing out on the information offered in the upcoming webinar on Wednesday, September 14. Whether you’re ready to capitalize on an opportunity now or gathering information for the future, you’re sure to learn something useful during this special webinar.In addition to the topics outlined in the previous message, we also want to help you become comfortable with the process of purchasing and building a property, especially in a place that feels far from your daily activities.

You’ll find that we’ve done much of the work for you already, will collaborate closely with you throughout the entire process, and even have carefully selected local contractors and subcontractors that we know will produce the highest quality results for you.

Nicaragua is proving daily to the world that it has a healthy, steadily growing economy, as well as incredible natural beauty and wonderful people ready to welcome you. The country stands now on the brink of the type of opportunity enjoyed a decade ago by some of its neighbors, which means you have a chance to benefit if you act decisively.

The webinar will help you do just that, so please register today and don’t regret tomorrow that you missed out on something special.

If you have any questions or need more information, please contact me as soon as possible. We hope you’ll join us September 14.

Learn more about Nicaragua Real Estate



September 10, 2011

Multifamily Housing Market Shows Promise After Second Quarter

Filed under: Uncategorized — Mr Oscar @ 2:43 am

Multifamily Housing Market Shows Promise After Second Quarter

The second quarter of 2011 has shown an improvement in the multifamily housing market, which creates promise for developers. There have been general improving conditions in the Multifamily Production Index. Condos in Seattle and other urban cities have seen an increase in the multifamily housing market.

Although not directly related to the upsurge in the multifamily housing market, condos in San Francisco, Dallas condos and San Diego condos show promise for families in urban areas. Developers’ expectations have heightened because of the improvement, but the fragile market and economic uncertainty keeps developers weary.

Economist Dave Crowe says that although multifamily is trending upward, production is still low in the context of long-term demand. Are the improvements in the multifamily housing market giving developers a false sense of hope for the second half of 2011?


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