Luxury Short Sales
- JP Morgan Economist- Anthony Chan: University professor
- Global growth projections: (97 Million people traveling)
- $102 Billion to spend.
- Global GDP is picking up again-3 % projected for 2015. ( conservative)
- Asia growing 2X faster than U.S and Europe.
- 6.8 Trillion went up for world EQ markets.
- Real Estate up, then Wealth up!
Why is the Luxury Market up??
- GDP growth
- Competitors confidence ( car sales, 16.4 M units)
- Limited supply of inventory of Luxury property.
- Overseas see U.S as a safe haven.
- Home values fair, benefit down, interests cut backs, no raise of interest.
- 2016- Federal reserves go from 5.2-5.4% to 4%.
- 1/2 of normal interests rates need to build.
European market
- Better than U.S market, growing faster; 8-10% ROR in U.S
- 7.2% growth in China
- 3.9% growth in Korea
- 3.5 % growth in Singapore, and Philippines.
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