U.S., 2014 will be the year of the re-launch real estate. On loans and interest rates
April 28, 2014
In 2013 there was much talk of recovery in the U.S. housing market , it is theorized how he , along with the automotive industry, one of the engines of growth that begins to take hold. The macroeconomic data during the year have provided conflicting at times ( just as an example , the new construction started in November were up 22.7% at the most since February 2008, while sales of existing homes fell by 4 , at least 3 % in December) , but the overall picture remained broadly positive . How will the 2014? For experts the progress will continue in the year just begun, despite an increase in interest rates of mutui.A give a measure of continuous improvement is the data on the total value of American homes : according to Zillow , online database dedicated the real estate sector in 2013 amounted to 25.7 trillion dollars, about 1,900 more , 7.9% , over the previous year . This is the second consecutive rise , after the declines recorded each year between 2007 and 2011 , when the total value was lowered to 6.3 trillion . The national figure is reflected in one of the major cities: New York homes this year worth a total of 1.9 trillion dollars, 123.1 billion more than last year , in Los Angeles 2.2 trillion , 323.1 billion more in 2012 , Miami 646.8 billion , 83.3 more than last year . " in 2013, the U.S. housing market has continued to gain momentum , after having bottomed out in previous years. Low interest rates and a recovering economy have led buyers in the market , supporting demand and driving up prices , "said Stan Humphries, chief economist at Zillow . Progress will continue in 2014 , albeit at a slower pace . "The market is moving away from the period of post-crisis rebound and is moving toward a more sustainable and healthy ," said Humphries yet , noting that this will result in an increase in property value annually between 3 and 5%. the map of the U.S. housing market is New York, which has suffered less during the crisis than elsewhere, but that has had it rough . The numbers leave no room for doubt and shows a context of strong growth : according to real estate agency Corcoran, only in the first half of the year were purchased more than 20,500 homes , more than 18,700 in the same period last year and 13,900 in 2009. average prices , which in 2009 traveling around $ 650,000 , rose to 792,000 last year . Compared to the first half of 2009, home sales jumped 62%, with prices up 20 % . Well mainly to luxury properties , a market that seems to have no setbacks : to give just one example, the hedge funder Bill Ackman has recently paid more than $ 90 million for an apartment in One57 , luxury high-rise built two steps from Central Park by Extell Development.Di hand in hand with the growth of Immobiliare New York , also increase foreign investors interested in betting on the brick of the Big Apple : according to data from real estate Keller Williams Realty on 33-35 % of the demand is represented by foreigners. A recent example is that of Greenland Group, a developer building controlled by the Beijing government , which acquired a majority stake in Atlantic Yards , a residential and commercial real estate project in Brooklyn , a borough of New York. With a total value of over $ 5 billion , is considered one of the major Chinese investment in U.S. property . Greenland will control 70% of the joint venture set up by Forest City Ratner Companies to develop the project . In recent months, Soho China and the banking giant M. Safra & Co. had taken over part of the General Motors Building on Fifth Avenue for 3.4 billion dollari.I progress will continue in 2014 , although it is still a long way to go , especially on the supply side . New York is an anomaly that the homes available for sale are down , which makes the market even more attractive . "It's an investment opportunity, a driving factor . Brooklyn is an area on which to wager , "said Jonathan Gray , head of the division of global real estate giant Blackstone fund , which in 2013 has bet heavily on real estate buying 42,000 properties to renovate and put back on mercato.Il risk of a new bubble does not seem on the horizon. The experts do not foresee a collapse like that of 2008 , as prices and mortgage rates are rising in a methodical and gradual, not as quickly as it happened five or six years ago. " We are witnessing a steady but balanced appreciation of studios and one-bedroom apartments and positive movements of medium size, but there are no signs of a peak in prices ," said Diane Ramirez , CEO of Halstead Property, according to which there ' is a reckless rush to purchases , but " a wise and intelligent assessment " of the offer..