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What Ever Happened to the Big, Bad ‘Shadow Inventory’ of Homes? | TIME.com

What Ever Happened to the Big, Bad ‘Shadow Inventory’ of Homes? | TIME.com | Intelligent Investing | Scoop.it
One of the great economic success stories of 2012 was that the housing market finally found a bottom, and even began to show signs of a nascent recovery.
Jim Aiello's insight:

Interesting thesis on lower shadow inventories...not sure this will prove out to be true, but bank pricipal reductions are certainly help keep people in their homes as are some of the larger RE investment funds, which are buying swaths of low cost homes in many of the hardest hit states.

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Economic Experts Give Predictions for 2013

Economic Experts Give Predictions for 2013 | Intelligent Investing | Scoop.it
Experts who were accurate about 2012 offered their thoughts on stocks, bonds and real estate for this year.
Jim Aiello's insight:

Miller, Gross, and Case all say 2013 should be more of the same for stocks, bonds, and real estate (respectively).  Sounds about right, but watch out for political or geopolitical shocks, particularly in Europe or the Mid-East in my humble opinion, which would unravel any positive momentum particularly for stocks and property.

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Miami Finishes 2012 With Another Record-Setting Year; Outpaces 2005 'Boom Era'

Miami Finishes 2012 With Another Record-Setting Year; Outpaces 2005 'Boom Era' | Intelligent Investing | Scoop.it
According to the Miami Association of Realtors, Miami home prices have increased each of the last 12 months as a result of strong demand and very tight supply.
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'Fiscal cliff' bill addresses some key housing issues | Inman News

'Fiscal cliff' bill addresses some key housing issues | Inman News | Intelligent Investing | Scoop.it
Battle over mortgage interest deduction still to come.
Jim Aiello's insight:

The recently passed fiscal cliff legislation could have easily had moderate to severely negative ramifications on the housing market.  Fortunately, at least so far, the recently passed laws will not undermine the gradual housing recovery here in the US as key tax code provisions are being maintained.

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Real estate looking good to investors

Real estate looking good to investors | Intelligent Investing | Scoop.it
Investors looking to jump into real estate have to ask if the asset class's great performance will continue
Jim Aiello's insight:

REITs have been attracting a lot of investor interest recently.  As always, be careful today given their high P/E and P/C ratios relative to other asset classes including many US stock market index funds that are trading at lower multiples

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How Housing Is Driving Economic Growth

How Housing Is Driving Economic Growth | Intelligent Investing | Scoop.it
More people are buying more homes at higher prices. Matthew Zeitlin reports on the (mini) housing boom.

Via Max
Jim Aiello's insight:

Many of the leading real estate indicators (contracts, inventory, average prices, construction starts) point to clearly positive overall trends for the US in general, with a lessor known stat about real estate sectors postitive contribution to GDP in the 3rd quarter.  Two major caveats, however (not discusssed in this article): first, massive differences exist around the country in local markets, which was not so much the case at either the peak ('06-'07) or the trough ('10 -'11), with some local markets continuing to be very lackluster or falling, unlike the strongly recovering markets like Silicon Valley CA, Washington DC, or Downtown Miami FL.  Second, these postitive trending indicators are still well off both pre-bubble "normal" levels (good Trulia article about this showing roughly the US is about 50% back to "normal" on an overall real estate indicator basis). 

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Max's curator insight, December 21, 2012 8:24 AM

The consensus seems to be that housing is back.  I think most people in the industry have seen this comming for months.

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Foreclosures drop, for now

Foreclosures drop, for now | Intelligent Investing | Scoop.it

The graph shows that Distressed sales are still 1/3 of all sales in the market.  This number is not expected to change soon, for the recent drop in foreclosures is not expected to stay.

 


Via Max
Jim Aiello's insight:

While overall home sales and average prices in the overall US are stabilizing, the percentage of homes sold that are distressed (foreclosure or short sale) remains at record levels for the current period

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Blackstone Makes Foray Into Houses for Rent: Mortgages

Blackstone Makes Foray Into Houses for Rent: Mortgages | Intelligent Investing | Scoop.it
Blackstone Group LP, the biggest
buyer of U.S. commercial real estate since prices bottomed, is
jumping into residential property as housing recovers.
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Shiller: Housing Has Bottomed, but Worries Remain

Shiller: Housing Has Bottomed, but Worries Remain | Intelligent Investing | Scoop.it
Yale University economist Robert Shiller believes housing might have seen the lowest point it will for some time, but the health of the job market will be the key factor in the future direction of home prices.
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The ETF way to buy into Bill Gross’s bond-market savvy

The ETF way to buy into Bill Gross’s bond-market savvy | Intelligent Investing | Scoop.it
Bill Gross has been “almost ingenious in weaving his way through the landmines of the fixed-income world,” and that ability — coupled with the uncertainty of the markets — has Tom Lydon, editor of ETF Trends, tagging Pimco Total Return Bond  as the...
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How Starbucks Can Help You Get a House Deal

How Starbucks Can Help You Get a House Deal | Intelligent Investing | Scoop.it

Look for signs of an up-and-coming real estate market via retail

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Sell property ahead of tax hike? « Bankrate, Inc.

Sell property ahead of tax hike? « Bankrate, Inc. | Intelligent Investing | Scoop.it
Real estate investors are facing potentially higher capital gains taxes next year.
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Going Over 'Fiscal Cliff' Would Put Kibosh on U.S. Housing Recovery

Going Over 'Fiscal Cliff' Would Put Kibosh on U.S. Housing Recovery | Intelligent Investing | Scoop.it
If the US economy goes over the dreaded, "fiscal cliff," that would put the kibosh on the residential real estate comeback, say housing market experts.
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Housing to (finally) be driver of economic growth in '13

Housing to (finally) be driver of economic growth in '13 | Intelligent Investing | Scoop.it
Economists see the current rebound in housing continuing throughout this year, helping to lift the economy out of its slow-growth doldrums.
Jim Aiello's insight:

Housing to drive GDP growth in the US this year, even more than energy?

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Home truths

Home truths | Intelligent Investing | Scoop.it
THE house-price boom that preceded the financial crisis was remarkable for its scope and scale. With a very few exceptions, there seemed only one way for prices to...
Jim Aiello's insight:

Tremendous differences in state of property markets worldwide.  Momentum in both positive and negative directions throughout the world -- non-Japan Asia faring the best in terms of momentum and Europe the worst.  Good real estate investing is always about quality, value, and timing, so caveat emptor in these "tail" markets.

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£1.1bn investment surge in fund of funds - FT.com

£1.1bn investment surge in fund of funds - FT.com | Intelligent Investing | Scoop.it
Private investors are pouring money into funds marketed as a “one-stop shop” as they look to outsource decisions in difficult market conditions. But financial advisers warn these funds come at a premium price.
Jim Aiello's insight:

Funds of funds can be a good option for many segements of investors.  Three key considerations: 1) Quality of the primary manager, 2) level of management and performance fees charged, and 3) returns relative to risk (i.e., Sharpe Ratio)

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Home Prices Hit a Milestone

Home Prices Hit a Milestone | Intelligent Investing | Scoop.it
Home prices are on track to notch their first yearly gain since 2006, the strongest performance since the housing bust and a development that could accelerate the real-estate rebound.
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Halfway Home: Housing Market 51% Back To "Normal" - Forbes

Halfway Home: Housing Market 51% Back To "Normal" - Forbes | Intelligent Investing | Scoop.it
Jed Kolko, Trulia Chief Economist Trulia's Chief Economist reveals how Trulia's Housing Barometer has leaped up again, with the housing market 51% back to normal in November.
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Jim Aiello's comment, December 22, 2012 5:46 PM
This assessment of where we are relative to pre-bubble "normal" is a very useful metric in understanding where in the recovery the national housing market stands
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Calculated Risk: House Price Comments, Real House Prices, Price-to-Rent Ratio

Calculated Risk: House Price Comments, Real House Prices, Price-to-Rent Ratio | Intelligent Investing | Scoop.it
A top ranked economics and finance blog with a focus on the housing market
Jim Aiello's insight:

From a few month's ago, but worth repeating: At a national level, home prices are back to where they were about 10 years ago (2003) before taking into account inflation.  On a real (inflation adjusted) basis, prices today on average are closer to what they were in late 1990's.  

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Case-Shiller shows home prices rise again

Case-Shiller shows home prices rise again | Intelligent Investing | Scoop.it

While substantial differences exist in the rate of recovery region by region, overall U.S. home prices rose in September for the sixth month, signaling that the housing market is "in the midst of a recovery," according to the S&P/Case-Shiller...

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Housing Market Posts Gains

Housing Market Posts Gains | Intelligent Investing | Scoop.it
Existing-home sales rose 2.1% in October to an annual rate of 4.79 million, the National Association of Realtors said, even as the number of houses for sale shrunk.
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October 2012 U.S. Foreclosure Market Report

October 2012 U.S. Foreclosure Market Report | Intelligent Investing | Scoop.it

Foreclosure report for October 2012 with latest foreclosure trends and rates by state and metro area.

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Bespoke Investment Group - Think BIG - Back to Neutral

Bespoke Investment Group - Think BIG - Back to Neutral | Intelligent Investing | Scoop.it
Today's sharp rally for the S&P 500 has pushed it back above oversold territory for the first ...
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