Billionaire Calls Chinese Real Estate Market “Biggest Bubble in History”

Chinese billionaire Wang Jianlin, the richest man in China and C.E.O. of Dalian Wanda Group, during an interview with CNNMoney on Wednesday called the Chinese real estate market the “biggest bubble in history”. He believes the major problem originates to rising prices in major metropolises and simultaneous falling prices in thousands of smaller cities with several vacant properties. The economy continues to slow, but debt levels rise higher and higher, creating a lot of stress for Chinese investors.

"I don't see a good solution to this problem," Jianlin stated. "The government has come up with all sorts of measures -- limiting purchase or credit -- but none have worked."

The Chinese stock market crashed in June last year, leaving millions of small investors penniless. Now after months of battling to contain the situation, the country’s leaders might have similar issues in the real estate department. Jianlin’s real estate company, Dalian Wanda Group, has gradually reduced business lately because of this, cutting back on their regular services such as developing large shopping malls and office complexes.

Want to read the full article?

Click Here: http://money.cnn.com/2016/09/28/investing/china-wang-jianlin-real-estate-bubble/

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FedEx & UPS Portray U.S. Economic Indicators

One of the easiest ways to analyze the U.S. economy and its activity levels is to look at two of the largest express-delivery companies in the world: FedEx and UPS. Due to the rapid growth of online shopping and to the recovering U.S. economy, both companies have seen rising revenues and margins.

Providing air-express services, carrying packages and freight in over 200 countries is FedEx who reported on Tuesday strong results from 2016’s first-quarter fiscal year. Earnings increased to $2.65 per share, summing up to a grand total of $715 million, up from 2015’s first quarter of $692 million ($2.42 per share). FedEx’s stock price, as of Thursday, was $173 finally up from its 1-year low of $119.

UPS, who holds the title “the largest express-delivery company in the world”, brought $58.3 billion in net income in 2015 (annual total) and is expected to increase 4.4% throughout the end of 2016 and another 4.5% in 2017! Jim Corridore, equity analyst at S&P Global, rated UPS’ stock at $130 per share, although, as of Tuesday, their Class B stock was priced at $109 per share, still up from its 1-year low of $87.

Want to read the full article? Click Here: http://www.cbsnews.com/news/best-leading-economic-indicator-these-days-fedex-and-ups/

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Housing Inventories Down 10.1% Compared to One Year Ago

New housing statistics show a fall in U.S. home resales, due to skyrocketing home prices caused by lack of inventory. On Thursday, the National Association of Realtors announced a 0.9% decline in existing home sales to an annual rate of 5.33 million units. According to Reuters Polling, economists predicted August would bring sales up 1.1% to 5.45 million units, contrasting July’s 5.39 million, but it seems only the Northeast had a productive month. The unexpected fall is thought to be caused by bad weather in the south disrupting building activity, but there was still a firm rise in single-family dwelling permits!

Compared to one year ago to date, housing inventories have dropped 10.1%! Between July and August, the number of unsold homes on the market fell 3.3% to 2.04 million. At this pace, the entire market’s inventory could be wiped in 4.6 months, compared to last August’s 5.1 months and compared to the universally-viewed “healthy” supply / demand balance of 6.

Although the solidifying job market is starting to raise wages, it is still not enough to keep with high-rising home prices. Home scarcity drove the national median home price up 5.1% to $240,200 last month while the unemployment rate has lingered around 5% since last August. It’s never been a secret: the housing market relies on the job market.

Click the link below to read the full article!

http://www.cnbc.com/2016/09/22/august-2016-existing-homes-sales.html

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Tucson Metro Ranks #3 for Fastest Job Growth!

A recent Bloomberg report conducted by economist Jed Kolko has been released stating Tucson Metro Area is in such a position that it is among the hottest cities for job growth! This report compared metro areas with 500,000 people or more, such as Seattle-Tacoma-Bellevue, Boise City, Toledo and Austin-Round Rock.

Tucson is ranked #3 on the list behind Ogden-Clearfield, Utah (4.6%) and Provo-Orem, Utah (4.6%) at 4.2%; Cape Coral-Fort Meyers, Florida is #10 at 3.7%. Some believe better job security in the southwest is fostering the demand for real estate, giving notion to a possible spike in the home-building market!

As for the metro areas with the slowest job growth, it seems the cities with larger oil industries are more distinguished, including the two Oklahoma cities Tulsa and Oklahoma City. This makes the cities’ struggle with low oil prices apparent on an economic level.

Want to read the full article? Click Here: http://www.bloomberg.com/news/articles/2016-08-19/these-are-the-cities-with-the-fastest-and-slowest-job-growth-in-america

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Census Bureau Releases “Best Report Ever”!

Yesterday, the U.S. Census Bureau released an incredible report with new data on the American economy. The report measures growth in three sectors: real median household income, national poverty rate and the percentage of people without health insurance coverage.

For the first time since 2007, before the start of the recession in 2008, real median household income increased! Between 2014 and 2015, real median household income expanded by 5.2% from $53,718 to $56,516!

The 2015 national poverty rate was 13.5%, a 1.2% decrease since 2014 and the largest percentage point drop in poverty since 1999! As of 2015, 43.1 million people were in poverty, a definite upswing from 2014’s 46.6 million.

In 2014, the number of people without health insurance coverage was 33.0 million. 2015 was recorded at 29.0 million, 1.3% down from 2014’s 10.4%!

Want to read the full article? Click Here: https://www.washingtonpost.com/blogs/plum-line/wp/2016/09/13/a-new-report-brings-very-good-news-about-the-economy-what-will-trump-say-about-it/?utm_term=.16723d731311

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Arizona Small Business Inflation Due to Equity Crowdfunding

Arizona Governor Doug Ducey signed House Bill 2591 into law last April with intent to initiate job creation and develop the state’s economy. Known as the “Intrastate Offering Exemption”, this law is more than your average bill; it’s primary purpose is to allow Arizona small businesses to sell stock online, directly to Arizona investors. It also makes Equity Crowdfunding available to small business owners and entrepreneurs!

Last month in August, the first Equity Crowdfunding Portal was brought to surface: FundMyBusinessAZ.com. This was created to exhibit entrepreneur projects and bring potential investors together throughout the state of Arizona. Fund My Business AZ Founder & CEO, Nick Andrews stated, "Our vision for this portal is to grow Arizona organically, connect local entrepreneurs with local investors and create jobs while keeping investments within our communities."

Want to read the full article? Click Here: http://azbigmedia.com/ab/arizona-equity-crowdfunding-boosts-small-business

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Are you an owner of a manufactured housing or RV community?

Peterson Commercial Group is a National Manufactured Housing Brokerage Firm is licensed to transact in 43 states.

If you don’t know the advantages of selling in the next 6 months, call us at 520.220.5757 or shoot us an email at PCGKWCommercial@gmail.com

Southern Alabama Funded $5 Million Towards Economic Development Projects

Two Southwest Alabama projects were granted funds totaling almost $5 million from the Economic Development Administration (EDA) last Friday, September 2. It was announced by the deputy assistant secretary of Commerce for Economic Development and chief operating officer of the EDA, Matt Erskine, that $1.9 million will be granted to build an access road to a new aerospace manufacturing facility in Atmore and $2.9 million would go towards a business and technology incubator in Mobile.

The access road will be built in the Rivercane Industrial Park. Matching the EDA’s $1.9 million grant with $580,000 is the city of Atmore who believes the new aerospace manufacturing facility will create 116 jobs and $114 million in private investment.

As for the $2.9 million grant in Mobile, the money will go to the Mobile Area Chamber of Commerce Foundation for renovation of the former Threaded Fastener Building in downtown Mobile on St. Louis Street. The city of Mobile, local private foundations, private industry, the University of South Alabama and Mobile County will match the project with $1.9 million.

Want to read the full article? Click Here: http://www.alabamanewscenter.com/2016/09/06/economic-development-projects-in-south-alabama-get-5-million-boost/

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S&P 500 to Add Eleventh Sector

For the first time since its creation in 1999, the Global Industry Classification Standard (GICS) has been updated to include an eleventh category in the S&P 500: Real Estate. For over 15 years now, property transactions have been included in the financial sector along with banking and insurance, but as of September 16, real estate companies will be ranked on their own scale. Several analysts believe this will spark an increase in the attention investors pay to real-estate investment trusts.

This new classification is a token of recognition of the real-estate sector growth; this summer proved to be the nation’s hottest housing market in almost a decade! According to the European Public Real Estate Association (ERPA), the real estate sector now accounts for 3.5% of the global equities market with a market capitalization of $1.48 trillion.

Want to read more? Click Here: http://www.wsj.com/articles/real-estate-shares-to-get-own-sector-1472575152

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