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WORLD NEWS | TOP STORY

London, Tokyo, New York and Hong Kong Lead List of Top 30 Real Estate Investment Cities of the World

Posted by Michael Gerrity 01/27/12 11:33 AM EST

As world leaders gather at the World Economic Forum annual meeting in Davos, Switzerland to address global economic challenges, a new report by Jones Lang LaSalle reveals that more than half of all global real estate investment resides in 30 cities. Read More

WORLD NEWS HEADLINES

Middle East and Africa Vacation News

Orascom Hotels Brings in Troon Golf for Egypt Resorts

Posted by Scott Kauffman 01/27/12 11:10 AM EST

(TABA HEIGHTS, EGYPT) -- Orascom Hotels and Development, Egypt's largest hotel owner,... Read More

North America Residential News

Home Remodeling Index Rises to 5-Year Highs in U.S.

Posted by David Barley 01/27/12 10:42 AM EST

According to the National Association of Home Builders' (NAHB) Remodeling Market Inde... Read More

Latin America Vacation News

Caribbean Hotels Enjoy Performance Uptick in 2011

Posted by David Barley 01/27/12 10:38 AM EST

According to STR, the Caribbean hotel market reported increases in all three key per... Read More

North America Residential News

Greater Ft. Lauderdale Pending Sales Spike 26% in December

Posted by Michael Gerrity 01/27/12 7:59 AM EST

According to the Broward Council of the Miami Association of Realtors, the total numb... Read More

REGIONAL NEWS HEADLINES

North America Last Updated January 27, 2012 11:33 AM

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PROPERTIES OF THE DAY

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RESIDENTIAL

(Orlando, FL) - Isleworth Lakefront Estate 6173 Louise Cove Drive, This two-story, lakefront estate is designed with exquisite details, including a curved staircase and arched doors with wrought iron and frosted glass lead. Read More

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COMMERCIAL

(New York, NY) - Diamond District Elevatored Loft Office Building for Sale 33 West 46th Street is a nine story, elevatored commercial loft office building in the heart of Midtown Manhattan in the Diamond District. Approximately 57% of the property is vacant and/or operating on a month-to-month basis.... Read More

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VACATION

(Destin, FL) - Emerald Grande at HarborWalk Village The Emerald Grande at HarborWalk Village is a world-class luxury resort destination unfolding along 14.7 acres on the Historic Destin Harbor, the gateway to the Gulf of Mexico and the very heart of the famed beachside fishing community.... Read More

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Opinion Editorial

Posted by Michael Gerrity

A $100 Billion Economic Stimulus Idea...
Help Me Dottie

Posted by Dottie Herman

Q & A with Dottie Herman
Celebrity Homes

Posted by Lauren Beale

Actor Pierce Brosnan Sells Malibu B...
Luxury Living

Posted by Scott Kauffman

Royal Westmoreland Introduces Prime ...
Deal of the Week

Posted by Michael Gerrity

Miami Herald Signs 158,000 Square Foo...
My Global Trek

Posted by Mike Cooney

The Australian Outback, More Than a D...

TOP 10 STORIES OF THE WEEK

Miami Herald Signs 158,000 Square Foo... »

by Michael Gerrity 01/26/12 02:47
U.S. Hotel Sales Spike 63% in 2011, M... »

by Michael Gerrity 01/26/12 09:55
Mortgage Application Volumes in U.S. ... »

by David Barley 01/25/12 08:00
Europe Has 891 New Hotels Under Const... »

by David Barley 01/24/12 09:30
Middle East, Africa Have 496 New Hote... »

by David Barley 01/24/12 08:30
Spain, Portugal Hotels Enjoy Revenue ... »

by Michael Gerrity 01/23/12 12:30
Over 1,400 New Hotels Under Developme... »

by David Barley 01/23/12 11:20
32 Hotels Opened in Caribbean and Me... »

by Michael Gerrity 01/23/12 10:51
U.S. Hotel Sector Posts Performance G... »

by David Barley 01/23/12 10:31
International Buyers Help Miami Break... »

by Michael Gerrity 01/23/12 08:52

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REAL ESTATE DASHBOARD

U.S. Mortgage Rates	Current Rate	Last Week
30 yr. Fixed	3.95%	3.89%
15 yr. Fixed	3.27%	3.23%
5/1 ARM	2.90%	2.88%

Source: Bankrate.com

U.S. Housing Stats	Nov. 2011	Oct. 2011
Existing Home Sales (Annualized Rate)	4.42m	4.25
Existing Home Prices (Median)	$164,200	$162,500
Existing Home Inventory (all U.S.)	2.58m	2.73m
Existing Home Supply (Months)	7.0	7.7
New Home Sales (Annualized Rate)	315,000	307,000
New Home Prices (Median)	$214,100	$212,300
New Home Inventory (all U.S.)	158,000	162,300
New Home Supply (Months)	6.0	6.3
Building Permits (Single Family)	435,000	428,000
Housing Starts (Single Family)	447,000	437,000
Housing Completions (Single Family)	440,000	443,000
Pending Home Sales Index (PHSI)	92.2	89.1
Home Builder Confidence Index (HMI)	20	17

Source: NAR & U.S. Commerce Department

U.S. Foreclosure Stats	Nov. 2011	Oct. 2011
Residential Filings	224,394	230,678
Year Over Year % Change	14%	31%

Source: RealtyTrac

Global Regions Home Price Index (3Q, 2011)

Region	Annual Price Change	Last Quarterly Change
Asia Pacific	6.94%	0.20%
Europe	-0.53%	-0.14%
Latin America	7.62%	2.56%
Middle East / Africa	2.30%	-0.74%
North America	0.04%	1.31%

Source: Knight Frank

50 Country Home Price Index (3Q, 2011)

Country	Annual Price Change	Quarterly Change
1. Hong Kong	19.3%	-1.1%
2. Estonia	14.3%	3.0%
3. India	13.9%	-0.6%
4. Taiwan	12.7%	1.7%
5. Slovenia	9.0%	4.7%
6. China	8.9%	2.0%
7. Norway	8.3%	0.3%
8. Colombia	7.6%	2.6%
9. France	6.7%	2.8%
10. Iceland	6.7%	1.7%
11. Malaysia	6.6%	-1.3%
12. Turkey	6.3%	2.1%
13. Singapore	6.2%	1.1%
14. South Africa	5.5%	1.1%
15. Austria	5.1%	4.1%
16. Indonesia	4.5%	0.5%
17. Luxembourg	4.4%	2.3%
18. Switzerland	4.2%	0.3%
19. Canada	4.0%	3.8%
20. Germany	2.8%	2.7%
21. Belgium	2.8%	-0.8%
22. New Zealand	2.7%	1.6%
23. Israel	2.7%	-3.3%
24. Morocco	1.4%	1.1%
25. Finland	1.3%	-1.1%
26. Lithuania	1.2%	-3.2%
27. Sweden	1.1%	0.0%
28. Malta	0.1%	2.0%
29. Dubai, UAE	-0.3%	-1.8%
30. United Kingdom	-0.5%	-0.1%
31. Denmark	-0.5%	-0.5%
32. Croatia	-0.9%	0.8%
33. Italy	-1.4%	-0.4%
34. Australia	-2.2%	-1.2%
35. Hungary	-2.7%	-1.9%
36. Netherlands	-2.9%	-1.1%
37. Portugal	-3.2%	-2.1%
38. Japan	-3.2%	-0.8%
39. United States	-3.9%	-1.2%
40. Greece	-4.1%	-2.1%
41. Slovak Republic	-4.3%	-0.6%
42. Jersey	-4.3%	-5.0%
43. Latvia	-4.9%	-1.0%
44. Czech Rep.	-5.2%	-0.6%
45. Spain	-5.5%	-1.3%
46. Poland	-5.8%	-2.4%
47. Bulgaria	-6.1%	-0.8%
48. Cyprus	-6.6%	-0.9%
49. Ukraine	-8.4%	-3.6%
50. Russia	-10.7%	1.7%

Source: Knight Frank

U.S. Office Market	Current Qtr. (Q3 - 11)	Prior Qtr. (Q2 - 10)
Inventory (sf in 1000s)	3,577,546	3,575,039
Completions (sf in 1000s)	2,507	1,386
Absorption (sf in 1000s)	3,304	8.566
Vacancy Rate	16.2%	16.2%
Net Asking Rent ($ per sf)	24.63	24.67

Source: CBRE Econometric Advisors

U.S. Industrial Market	Current Qtr. (Q3 - 11)	Prior Qtr. (Q2 - 10)
Inventory (sf in 1000s)	12,730,225	12,723,912
Completions (sf in 1000s)	6,313	5,128
Absorption (sf in 1000s)	34,595	26,462
Vacancy Rate	13.7%	13.9%
Net Asking Rent ($ per sf)	5.37	5.37

Source: CBRE Econometric Advisors

U.S. Retail Market	Current Qtr. (Q3 - 11)	Prior Qtr. (Q2 - 10)
Inventory (sf in 1000s)	2,759,474	2,757,091
Completions (sf in 1000s)	2,383	1,335
Absorption (sf in 1000s)	3,493	-2,982
Vacancy Rate	13.2%	13.3%
Net Asking Rent ($ per sf)	18.15	18.32

Source: CBRE Econometric Advisors

U.S. Multifamily Market	Current Qtr. (Q3 - 11)	Prior Qtr. (Q2 - 10)
Rentable Inventory (units)	14,506,567	14,491,920
Rentable Completions (units)	14,647	12,501
Absorption (units)	67,382	92,619
Vacancy Rate	5.0%	5.4%
Same-Store Rent Index ($/unit)	$1,254.76	$1,239.12

Source: CBRE Econometric Advisors

U.S. Hotels (Dec. 2011)	Occupany Rates	Avg. Daily Rates (USD)
Luxury	60.2%	$283.28
Upper Upscale	54.8%	$141.08
Upscale	56.0%	$108.15
Upper Midscale	47.1%	$89.00
Midscale	41.6%	$69.04
Economy	43.6%	$47.27
Independents	45.1%	$99.42
TOTAL U.S.	47.6%	$99.67

Source: STR

International Hotels (By Region, Dec. 2011)	Occupany Rates	Avg. Daily Rates (USD)
Americas	48.0%	$103.01
Asia/Pacific	65.1%	$145.96
Europe	53.9%	$124.00
Middle East/Africa	56.4%	$175.67

Source: STR Global

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