Dr. Rick C. Ernst
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High End Real Estate

Real Estate Red Alert: The Flippers Are Back
www.thefiscaltimes.com

“Flippers are basically taking a house that hasn't been updated in 20 to 40 years and making it into a new house,” says Jan Brzeski, a private money lender who works with high–end flippers. That becomes a much tougher sell when competing with actual …

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Significant investor visa holders target high-end Sydney properties
www.dailytelegraph.com.au

Meanwhile, Anthony Walls from Max Walls International Real Estate is currently in the final stages of a $23 million sale on a block of 12 apartments near Manly. The buyer is a Chinese manufacturer who supplies shoes to the Chinese army, which is …

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Sensex rises 333 points; TCS, Infosys hit record high
www.firstpost.com

NS) ended 5.7 percent higher as India's cabinet approved an accord with the United Arab Emirates to nearly quadruple airline seats between the two countries over three years. The stock has risen 12.1 percent in three consecutive session of … However …

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U.S. Federal Reserve Beige Book: Richmond District (Text)
www.bloomberg.com

Residential real estate and construction activity varied, while commercial real estate and construction markets were little changed. Heavy rains in the … Another contact indicated that demand had picked up for mid-range and high–end cabinetry. In …

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Second 'Open House Bandit' Arrested, Glastonbury Police Say
www.courant.com

Dubbed the "open house bandits" by the Connecticut Association of Realtors, the women would go to open houses at high–end properties and steal jewelry — some of which was hidden, police said. Ruitto's charges stem from an investigation of thefts that …

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Perth real estate agent dropping rental prices to deter tenants from buying
www.abc.net.au

MARK COLVIN: A Perth real estate agent says he's dropping rents in a bid to deter tenants from buying. The reason: low interest rates. The official cash rate is at its lowest level since 1960 – a big temptation for potential investors. From Perth, here …

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A Pioneering Auction Company Shows the Way to China
www.nytimes.com

A. Growth is a combination of good processes, great people and operating outside the traditional parameters of auctions by looking for all kinds of opportunities — everything from real estate to microbrewery products to the latest technology. People …

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Higher Interest Rates Haven't Spooked High-End Buyers
online.wsj.com

"The terms and underwriting are getting better, most lenders want to do jumbo loans, and historically it's very affordable if you want to finance part of a high–end purchase." Rates for a 30-year fixed jumbo hit a low of 3.82% on the week of May 3 and …

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SELLING POINTS: CBRE; Institutional Property Advisors; Keystone
www.rew-online.com

Institutional Property Advisors, a multifamily brokerage division of Marcus & Millichap serving institutional and major private investors, has arranged the bulk sale of the remaining 90 units in Tower I at Monarch at Ridge Hill, a 163-unit luxury …

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