Xinyuan Real Estate Co., Ltd. Announces Agreement to Acquire Remaining – Biloxi Sun Herald

Xinyuan Real Estate Co., Ltd. Announces Agreement to Acquire Remaining – Biloxi Sun Herald
BEIJING, Sept. 30 /PRNewswire-Asia/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan” or “the Company”) (NYSE: XIN), a residential real estate developer with a focus on high growth, strategic Tier II cities in China, today announced that its wholly owned

RDA looking to condense real estate holdings – New York Post
The bankrupt Reader’s Digest Association might be ready to abandon the 120-acre campus in Westchester County that it has called home for the past 70 years.

Cushman & Wakefield has been hired to help the struggling magazine publisher find

Landmark Raleigh Hotel Acquired by Brilla Group and AJ Capital – PR Inside
In a strategic alliance, Brilla Group, a Miami-based real estate private equity firm, and AJ Capital Partners, a Chicago-based real estate investment company, announced today the acquisition of The Raleigh hotel in an all-cash transaction. The hotel

Mass. housing market perks up – Worcester Telegram & Gazette

Mass. housing market perks up – Worcester Telegram & Gazette
BOSTON The number of home sales in Massachusetts rose slightly in August compared to the same month a year ago, as prices continued to fall. The Warren Group, a Boston-based publisher of real estate data, reported this morning that sales of

Boom or Bust: Real Estate at the Jersey Shore

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I’ve sold real estate in Sea Isle City for the past ten years and everyone is now questioning whether the vacation destinations, along with almost every other major east coast city, is in a “Boom” or “Bust” in terms of Real Estate? The media is creating the “Bust” mode by all the attention it is giving it. A couple days ago on “Good Morning America”, Diane Sawyer was doing a segment on “The tricks of the trade” when it comes to Real Estate Agents, and at the very beginning, she mentioned that Housing Sales across the nation had been the highest ever the past few months. She immediately went into the segment and had nothing else to say about this very strong fact.

Had the housing sales been low or the lowest in the past few months, I can say without hesitation, that this would make the headlines and have several segments about it.The media creates the situations that happen because of their sensationalizing a topic. The media knows this will get the attention of their viewers and therefore get sponsors and advertisement.

Sea Isle City and the Jersey Shore currently have a lot of properties for sale, and I believe one of the reasons is because people panic over what they hear from the media. Many owners of properties that would have normally not been ready to sell are now putting their properties on the market because the media states that the bubble has busted and the real estate market is in for a bad time. Had the owners not heard this, the market would not be flooded with inventory.

On the flip side, the potential buyers are listening to the media and either deciding that it is not a good time to buy a property, or that there are bargains to be had and coming in with ridiculously low offers on properties. Either scenario results in properties not being sold and inventory being high.

I compare this situation to many years ago when the media told their viewers that there was going to be a shortage on toilet paper, so everyone went out and stocked up on toilet paper, which created a shortage. The media has a lot of power in influencing their viewers.

In conclusion, I feel that the market at the Jersey Shore is still strong, and once the buyers and sellers realize that property values are not going to “Bust” down at the Jersey Shore, buyers will once again start to purchase their “Dream Beach House”, and both buyers and sellers will be happy with their real estate investments. Everyone wants to own a part of the Jersey Shore!!!

About the Author

Joe Prato is a real estate agent specializaing in Sea Isle City Rentals. He currently keeps a Sea Isle City blog where he provides prospective vacationers with up to date information for their vacation.