http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_wasik&sid=aSvbl3DRUSAg
Excerp :
‘Dec. 6 (Bloomberg) — With home prices generally glowing brighter than holiday window displays, does it make sense to buy in the hottest residential markets?The bull market in home prices continues unabated, sporting the best gains in a quarter century. U.S. home prices rose almost 13 percent from last year’s third quarter through Sept. 30, reports the Office of Federal Housing Enterprise and Oversight (OFHEO), a mortgage enterprise agency.
The dicey “to buy or not to buy” question need not involve timing the market, though. It’s important to focus on building equity and achieving investment goals while exercising caution in choosing financing…’
Interesting obiwan,
I recently read an article about apartments where there rental yields have dropped dramtically and many REIT (RE Investment Trusts) are selling their multi-family apartments mainly to private investors while yields for apartments have droped to their lowest level ever. Over there it looks like many unsophisticated investors are desperate for any ‘safe’ income (since bonds are paying so low).
Rgds.
Lucifer_auNot sure what average rental yields are in US. I suspect they are better than here as prop prices have gone up by only 60% last 5 yrs there compared to 120% here.
rental yields are still fairly good in the more industrialised states with big blue collar workforces, capital gain still should be good in florida where you have the poms poring int here to buy homes especailly with the state of the weak US dollar
when the going gets weird the weird turn pro
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