Will The Turmoil In The U.K.
And Europe, Disrupt Real Estate Here?
Britain’s decision to leave the E.U. has many stunned worldwide
Usually, if you ask ten financial pundits to predict the future, you may get 10 different opinions. This event seems different though. In many cases, opinions seems to be similar.
In the month’s newsletter, I tried to find a cross-section of opinions showing what may happen in the U.K., Europe, China and of course here in the USA and Bay Area, post-Brexit vote.
My US-centric summation, is that the interest rate hikes that were promised by the Fed in Q3 & Q4 may never happen this calendar year. That’s great news for buyers and folks looking to refinance. Combine this with the slight market shift we’ve seen in recent months and buyers should keep their foot on the gas.
Potential sellers need to carefully strategize how to garner the most return on their investment. They should avoid over-pricing their properties when coming to market. What worked last year isn’t working right now.
Foreign investors eye UK property after Brexit fallout… the US too?
With property prices in Britain predicted to plummet post-Brexit, foreign investors, especially in Asia, are already poised for a buying spree.
It is an ironic twist to the shock referendum result — many who opted to leave the European Union saw their vote as a deterrent to outsiders looking to take advantage of economic opportunities in Britain.
TESTIMONIALVILLE – June 2016
To put it succinctly, I would not have the home I recently moved into nor perhaps any home of my own without Dino’s tireless efforts.
As a first-time home-buyer and somebody new to this portion of the Bay Area, there are three key areas where Dino really delivered. First, he had the patience and clearly has the experience of coaching first time buyers through the entire home buying/ownership process.
Second, neighborhood scouting and eventually property hunting with somebody that is genuinely involved with living in the area really helped me figure out where I wanted to live and gave me a lot of confidence when it came time to start making offers.
Finally, Dino has been instrumental is helping me manage the baptism by fire that is first-time home ownership; I might talk to him now more after the keys have been handed over than I ever during the house hunting process!
My relationship with Dino actually started out quite reluctantly; I had tried and failed to enter the real estate market before, an experience which left me exhausted and disillusioned with both real estate and real estate agents.
Ironically after house hunting with Dino I might just call him up to tour houses again for the fun of it.
– Mr. S.
How Brexit impacts the U.S. economy
The so-called Brexit has wide implications for the U.S. economy, which is already facing a slew of headwinds.
The chief of the U.S. central bank and top monetary policy setting official, Janet Yellen, forewarned earlier this week that Brexit “would negatively affect financial conditions and the U.S. economy.”
Trade between the two nations only makes up 0.5% of U.S. economic activity. However, the connections go well beyond direct trade between the two global powers.
The effect on America can come through a number of chain reactions — a Brexit domino effect on the global economy. Here are four ways the wake of Brexit could hurt the U.S. economy.
17 Top Economists, foreign policy gurus and historians look five years into the future
The results of the Brexit referendum are in, and it is chaos.
The United Kingdom is leaving the European Union. Prime Minister David Cameron is stepping down. The Dow Jones has fallen 611 points in a day. The decision has rattled the world, and even the pro-Brexit British voters seemed stunned. “I’m a bit shocked to be honest,” one Leave voter told the BBC. “I’m shocked that we actually have voted to Leave, I didn’t think that was going to happen.”
Sure, there is a lot of hype now, but, in the long run: What does it actually mean? We rounded up some of the best minds and biggest names in foreign policy, history and economics to tell us: What are the consequences of the Brexit vote five months from now (on Election Day)-and five years from now
Many more opinions and information.