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Is It Right Time For Property Investment In Melbourne? Posted By: melbourne

Property Management Company Jjb Suffer Further Slide In Sales And Margins Which Are Causing Mounting Losses Posted By: B2B Strategies JJB Sports, the struggling Wigan-based sports retailer, which resorted to a Company Voluntary Arrangement (CVA) to protect itself, has unveiled LFL sales down 17.7% for H1 to July 31st to underline the tough trading conditions at it’s 202 stores on the high street. Overall sales are down 22.6% from GBP 184 million for H1 2010 to GBP 142.4 million and margin has slipped from 42.2% to 35.8%, increasing the loss to GBP 67.7 million. JJB decided to close 43 unprofitable stores with a rent roll of GBP 9.3 million as soon as possible, and has now closed 41 of which 7 have been returned to landlords.JJB also earmarked 46 stores with a rent roll of GBP 12.6 million for closure between April 2012 and April 2013. JJB is paying 50% rent on these stores and is also seeking to extingish it’s rates liabilities on them. The company has revised downwards the numbers of stores it is reinvesting in for refits to 114. JJB has renegotiated rents with all it’s landlords to pay monthly rather than quarterly.

Commercial Property Economic And Housing Market Predictions For Springfield Illinois 2010 Posted By: Fritz Pfister The ability to make reasonably accurate predictions regarding the economy and the housing market can come from several sources. The government, academia, or people actually working in the private sector. The latter is where this set of predictions emanates. Springfield, Illinois enjoys the second lowest unemployment rate in the state at 8.2%. Second only to Bloomington, home to State Farm Insurance, and thousands of jobs. Springfield is the Capital and home to thousands of government jobs. White collar both. There have been a net loss of 1600 jobs in Springfield since the beginning of the recession in December of 2007. State wide a net loss of 360,800. Manufacturing leading the way with 96,300 jobs lost. All reported in The State Journal Register citing the Illinois Department of Employment Security. Jobs are the key to the over all health of the economy and the housing market. The number of people working directly impact the success of local businesses, the number of home sales, and as we have learned, the amount of revenue collected at all levels of government.

Springfield Illinois housing market The Housing Market Forecast For 2009 Posted By: Alan Brymer Allow me to give you my thoughts on what the housing market forecast is for the remainder of 2009. So far this year, I have heard unbridled optimism from many hopeful sellers, agents, and investors, believing that the market and values cannot possibly stay down any longer. On the other hand, some experts and real estate professionals predict another Great Depression that will last 10 years or longer. They base this on the fact that the real estate bubble was allowed to grow so much larger than ever before, the ramifications of it popping have got to be all the more severe. I agree that the housing market will probably be worse than it has in the last half century, but I don’t believe it will be the next Great Depression, for the following three reasons. Reason #1: If you remember the Depression, many investors lost 100% of their profits, and banks were forced to go out of business. That is because the nature of the stock market is that you have to buy stock for whatever its current value is.

real estate investment New Year Rate Drop ‘could Make Loans Process Easier’ Posted By: Steve Smith Consumers looking for bad credit loans due to their unconventional previous borrowing history may find the process gets easier in 2008, according to comments from the Council of Mortgage Lenders (CML). Some consumers seeking bad credit secured loans in recent months may have been confronted by a number of obstacles due to the impact of the credit crunch, which has seen many lenders reluctant to lend to certain individuals. The CML’s press officer, Sarah Robson, has noted that the increase in the number of application rejections from adverse credit lenders is due to a tightening of criteria from such organisations, looking to cover themselves from being too badly affected by the credit crunch. Kensington Mortgages is a prime example of the current situation for bad credit lenders and highlights the issues facing those seeking bad credit loans or adverse credit. The specialist mortgage lender today withdrew from the sub-prime mortgage market, with the lack of interest in adverse credit from investors during this time of crunch the driving force behind the decision. "Tough times call for tough decisions.

secured loans finance personal adverse loans New Orleans Falls In Top 25 Real Estate Markets Forecast Posted By: Mike Colpitts New Orleans, Louisiana, which had ranked as the Top appreciating housing market in the Housing Predictor Top 25 Markets Forecast for 2007 has fallen to fourth position, despite healthy projected appreciation for the year. The housing market in Albuquerque, New Mexico is appreciating at a higher level causing the change in the Top 25 Markets forecast. Eight local Texas markets, including Houston, which was in second position are on the list. The home market, however, is still experiencing a robust market in New Orleans with a healthy pace of sales in its recovery from the destruction caused by Hurricane Katrina, but the Albuquerque market is moving at a much faster rate of appreciation. Most of the local housing markets in Texas are appreciating at or near record levels, performing at a pace equal to booming markets throughout much of the nation when interest rates were lower and a national real estate buying frenzy occurred until mortgage rates rose slowing the real estate market place in many states. Housing Predictor forecasts housing markets in more than 250 local markets in all 50 U.S. states, and regularly updates its forecasts as local market conditions demand.

top real estate markets Hottest 10 Buyers Real Estate Markets In 2007 Posted By: Mike Colpitts There are still hotly appreciating real estate markets in the U.S., according to a nationwide survey conducted by Housing Predictor.com, which forecasts housing markets futures in more than 250 local housing markets in all 50 U.S. states. Driven by booming local economies and unprecedented growth, the Hottest 10 Buyers Markets in the U.S. are mainly located in the southern half of the nation. Five of the Hottest 10 Markets in 2007 are located in Texas. The Top spot, however, is Albuquerque, New Mexico, which is projected to appreciate 9.1% by the year’s end. Exploding with a population of almost a million people for the first time in its history, Albuquerque is growing like never before, attracting the movie business from Hollywood with the construction of new movie studios, a new airplane factory and many other new businesses. Housing Predictor’s selection of the Hottest 10 Buyers Markets are based on surveys conducted on 75 markets under consideration from more than 250 local housing markets forecast on the web site.

buyers real estate market Ten Hottest Buyers Markets To Be Announced By Housing Predictor Posted By: Mike Colpitts Housing Predictor, which forecasts housing market futures in all 50 U.S. states, will announce it’s 10 Hottest Buyers Real Estate Markets in 2007 for investing in homes, condos and townhouses. Housing Predictor is an independent web site that forecasts housing markets in more than 250 local housing markets throughout the U.S. The increase in foreclosures, the crisis in the sub prime lending market and increasing troubles in the conventional mortgage markets, where notices of default have increased are making many local housing markets prices decline. But there are still 13 states, most of which are located in the southern half of the country, where housing markets remain strong and are appreciating. The web site has already named it’s Top 25 Markets for 2007 and its Worst 25 Markets for the year. But an increasing number of investors, many of whom are new to investing in real estate, have requested the 10 Hottest Buyers Markets forecast from the web site’s economists. Housing Predictor is responding to their requests with the upcoming forecasts. Michigan’s real estate markets are in an all out recession due to declining population resulting from job losses.

housing Housing Predictor Goes Interactive Posted By: Mike Colpitts Housing Predictor, which provides housing market forecasts in more than 250 communities in all 50 U.S. states is going interactive. The web site is adding a polling center, where visitors can become part of the community anonymously and provide their opinions on some of the nation’s most important economic issues. Leaders from Washington D.C. to state and local levels are regularly visiting the site to check on housing market forecasts and gauge the public opinion and sentiment on important issues of the day. Mortgage companies, including many of the nation’s largest and most troubled are also visiting the site to gain insight into real estate markets. The levels of government to access the site go as high as Congressional members and the U.S. State Department. Housing Predictor provides regularly updated housing market forecasts in all 50 states and follows the changing local economic climates of more than 250 markets on an on-going basis. Information is gathered from more than 1,400 sources nationwide.

interactive poll Worst 25 U.s. Housing Market Forecast Hits 13 States Posted By: Mike Colpitts The Worst 25 U.S. housing markets in 2007 in the Housing Predictor forecast represent markets in thirteen states, which shows housing prices in much of the nation are still declining, despite local markets in another 13 states that are appreciating. Miami, Florida was selected as the #1 worst housing market in the nation, mainly because of a market that had seen high-flying double digit appreciation pushed by the over building of new condominiums causing Miami to spiral downward, resulting in a slower market with increasing unemployment. More than 25,000 new condominiums are due to be completed within the next 15 months in Miami, providing an inventory of new units on the market that will take years to sell out. Not all of the Miami market will see double digit depreciation in 2007, particularly not lower priced single family homes under $250,000. None the less, the average loss in values is forecast by Housing Predictor to hit 13.9% by years end. In the west San Diego, California, which attracts many for its mild year round climate has a home market where sales are slow. San Diego will see prices fall an average of 13.

housing How Housing Predictor Broke The Mold Posted By: Mike Colpitts It was a chilly winter day in late 2004 when the idea of Housing Predictor suddenly struck like a lightning bolt. I’d been thinking about developing a website to provide information on the housing market that had not been offered, not just another place on the web to search for homes for sale. At this point I had developed more than 20 web sites, almost all of which were real estate oriented. Like a lot of people I wondered how long this feverish pitch in the real estate market could keep up before it would come tumbling down. After all real estate has always been a long term investment, and after years in real estate sales and investing I wanted to produce a site that would be informative and helpful for consumers everywhere in the U.S. Housing Predictor is actually the work of a very small group of dedicated hard working professionals, only a staff of seven. Today it has exploded on the internet to become one of the fastest growing sites in an industry proliferated by thousands of new web sites a day.

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