6 Reasons Why a Housing Crash Isn’t Likely

housingDAILY REAL ESTATE NEWS | THURSDAY, NOVEMBER 19, 2015
REALTORMag Article

The U.S. is nearing the 10-year anniversary of the 2006-2007 housing bubble. Should Americans be worried that history could repeat itself? After all, home prices have risen above the bubble era.

Housing experts say there are many reasons why Americans shouldn’t be concerned about a housing crisis repeat anytime soon, including: Continue reading

Storage Lockers into Hotel Rooms

“In downtown Seattle, they’re turning storage lockers into hotel rooms”
Feb 4, 2016, 6:48am PST

Marc Stiles
Staff Writer
Puget Sound Business Journal

“Downtown Seattle’s hotel development boom isn’t over yet, with the next project coming to an unexpected location.
Ariel Development is teaming up with the owners of Urban Self Storage in Belltown into a mixed-use project with a hotel and apartments. The project entails adding eight floors to the narrow six-story building that opened in 1928 as a garage with car elevators. The art-deco building’s facade will be retained. A photo of the building today is in the view photos section of this post. Continue reading

Economic News Release

VIEW ORIGINAL POST HERE

“REAL EARNINGS * JANUARY 2016

All employees

Real average hourly earnings for all employees increased 0.4 percent from December to January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.5-percent increase in average hourly earnings combined with no change in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings increased 0.7 percent over the month due to the increase in real average hourly earnings combined with a 0.3-percent increase in the average workweek.
Continue reading

Donald Trump’s Brilliant Advice for Homeowners

“The Donald explains why homeowners should take advantage of this program”

November 20, 2015

“When Donald Trump speaks, people listen, and what The Donald has to say about mortgage interest rates could help you save a considerable amount of money.

Recently, Trump made claims that the Federal Reserve is keeping interest rates artificially low for political reason and he offered smart homeowners a roadmap for how they can take advantage of historically low interest rates. Speaking on Bloomberg TV’s “With All Due Respect,” Trump said that as a property developer he has “always loved” low interest rates because they allow his businesses to borrow money cheaply and bring down the interest payments on mortgages on his properties.

But, Trump knows that these low rates can’t last forever. “I’m just saying at some point, you have to raise interest rates,” claims Trump, and he predicts it will occur after the next election cycle. The secret is to lock in your low rate now, before rates go up.”

Think Like Trump
So how can you “Think like Trump” and take advantage of these low rates? One of the best ways to check if you can refinance your loan with the HARP refinance program. Visitors that check The Easy Loan Site1 can often be shocked at how much they can save on their mortgage.”

READ ORIGINAL ARTICLE HERE

Affluent Chinese see upscale safe haven in Seattle area

Article by The Seattle Times
Originally published January 16, 2016 at 8:00 pm Updated January 16, 2016 at 10:54 pm

By Janet I. Tu
Seattle Times business reporter

“The glossy magazine’s pages contain a guide to Seattle and Eastside spas and high-end shopping, as well as ads for Mercedes-Benz and Roche Bobois, an upscale furniture chain.

What’s less expected is that it’s all in Chinese, since the new Seattle Luxury Living targets wealthy people from China who’ve bought homes here or are considering such a move.

But just as the magazine launched this month, China’s stock market took its latest dive, precipitating halts in trading, new government controls and concern around the globe that shakiness in the world’s No. 2 economy would rattle other countries as well.

Is Seattle Luxury Living’s publisher, John Spear, worried that affluent Chinese individuals, buffeted by the volatile market back home, will stop coming here? Quite the opposite.”

READ FULL ORIGINAL ARTICLE

Financial Problems in China Lead to Strong Real Estate Activity in the States

There’s trouble brewing in China.

The nation’s stock market is floundering and the currency has been devalued, bringing about halts in trading and concerns among investors regarding the effect that this major world economy will have on the global economy.

However, amid this bad news, there is a silver lining for the domestic real estate world. Wealthy Chinese investors have viewed American real estate as a safe investment for a long time, and even more Chinese money is flooding into the States in the form of home and commercial real estate purchases. The National Association of Realtors tells us that, for the first time, buyers from China, Hong Kong, and Taiwan are representing the largest group of foreign purchasers of homes in the United States.

This activity has been particularly strong in the Seattle area. For the year that ended in March of 2015, fully eight percent of residences purchased by Chinese buyers were in Washington State, making the area second only to California, which made up thirty-five percent. Further, Chinese investors played a key role in about $2 billion in commercial projects throughout the Puget Sound area.