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Post Tagged with Economy

Homebuying Timeline Shortened as Housing Market Gains Momentum

By Laurie Andrews Posted in - Real Estate on September 3rd, 2013

As the housing market continues to improve, developers and builders are experiencing a favorable trend amongst prospective homebuyers. After several years of building a pipeline of leads and grinding out sales through a lengthy sales process, the timeline for sale has shortened considerably. The market rebound is trumping the seasonality of many markets, with buyers now purchasing within weeks of their initial sales office visit rather than months or years. As specialists in the marketing of residential real estate, Cotton & Company is witnessing the shift across multiple markets indicating a positive trend. Many buyers have been sitting on the sidelines for the past several years waiting for the right opportunity and a more positive economic outlook. This reluctance to… Read more »

Investment Wave Subsiding, Lifestyle Buyers Next Up

By Laurie Andrews Posted in - Real Estate on July 30th, 2013

As the real estate recovery continues across the U.S., the buyer profile will continue to evolve along with the market cycle. Institutional real estate investors acquiring distressed assets and foreclosures largely drove the first stage of transactions. As the standing inventory was depleted, the investment scenario continued with private individuals and foreign investment returning to the market. In several metropolitan markets, including Miami, these investors jumped into presale condominium construction staying ahead of the forecast rebound to capitalize on future appreciation. During the next stage of the recovery, the lifestyle-driven consumer will return to the market. Bolstered by recent gains in the stock market and the pent-up demand as a result of delayed plans for retirement or relocation, second home… Read more »

Mexico’s Comeback Captures the World’s Attention

By Laurie Andrews Posted in - Real Estate on December 18th, 2012

The rebounding Mexican economy is providing plenty of headlines for today’s final reporters. It’s hard to believe that not long ago, Mexico was in the news daily for the swine flu outbreak and endless drug violence. Today, words like “record-breaking” and “booming” are now being used to describe a thriving economy. It seems while the US was focusing on the 2012 election, Mexico quietly overcame many of its challenges. Although there remains much to be resolved, the country is now the world’s leading exporter of flat screen TVs and has also become a major force in the automobile industry. Surprisingly, one in 10 cars sold last year in the U.S. was made in Mexico. According to the Wall Street Journal, “next… Read more »

Which “Baby Boomer” Will Be Purchasing Real Estate Next?

By Stephann Cotton Posted in - Real Estate on November 6th, 2012

It seems every planning seminar and conference for the last two decades has been about the impact of the baby boomer on discretionary real estate spending. Now, following a historical down cycle and its tremendous impact on personal savings and investment, many new questions emerge for real estate developers. Although the market segment as a whole makes for promising demographic studies based on shear volume, it takes a closer look to unveil the psychographic profile that will most likely represent the next wave of real estate purchasers. According to the U.S. Census Bureau, a baby boomer is a person who was born during the post-World War II baby boom between the years 1946 and 1964.  Over 75 million strong, the market segment includes two generations… Read more »