In Iowa, the real estate market is booming – at least when it comes to farmland. As a result, the state’s employment numbers are looking pretty good and farmers are selling the family farm for millions of dollars in some cases. Presently, the appreciation is continuing unchecked as the cost-per-acre of farmland in the state has risen more than 30 Read full article »
Tag archives for Real Estate Bubble
Iowa Farmland Prices Soar
Chinese Real Estate Market Could be Cooling
Despite conflicting reports about how much the Chinese real estate market is actually simmering down – yesterday we spotted one on-site reporter ridiculing the notion that developers have slowed at all – the China Real Estate Information Corp. (CRIC) reported yesterday that it lost money in the third quarter of 2011 thanks to the “Chinese government’s efforts to cool the Read full article »
S&P Predicts Credit Problems for Chinese Developers
As weakening sales force Chinese developers to cut prices and turn to costlier funding sources, these same developers face an “increasingly severe credit outlook,” warned Standard & Poor analysts this week. In fact, many developers are nearing a serious “liquidity squeeze” that might allow most to absorb the projected 10 percent drop in sales next year, but that probably will Read full article »
Taiwan Hopes to Curb Real Estate Prices with a Transaction Disclosure Bill
Taiwanese real estate brokers hope that a new bill requiring that property taxes be based on transaction values on homes rather than on government assessments will help rein in runaway prices on real estate in Taiwan. Usually government assessments are much lower than market prices. The gap in value “renders holding costs insignificant compared to transfer profits,” which can lead Read full article »
China Punishes State Banks for Over-Lending
The central bank of China just effectively fined state banks $3 billion by forcing them to purchase packages of the central bank’s bills. Commercial Bank of China, China Construction Bank and the Agricultural Bank of China were among those compelled to make the purchases. Analysts say that the move was punishment for lending “too much money in August” and a Read full article »
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.
