GLG News by Residential Real Estate Agents

1.  Article mislables areas of country as bulletproof when they are just slow. 2.  Mainstream media articles written to elicit response are often misleading. 3.  Real Estate is local, never national.

The government is powerless. Wall Street is delusional. The financial system is in trouble, AND IT WILL GET WORSE.

A year's worth of new home inventory remains unsold. Regional banks are reporting losses, because of regional builders excess inventory. With increasing foreclosures, and at current building levels, the issues remain. Large projects will be next. Poor sales at destination resorts will start to impact...

The formal announcement of PAGCOR (Philippine Amusement and Gaming Corp.) this week of major commercial, residential and leisure property developments in Manila Bay City points to the country's full economic recovery but does it equate to sustainable economic stability and growth?

The continued growth of the BPO industry in the Philippines has led to subsequent growth in all other related industries as previously reported and analyzed by this GLG Real Estate Council member The announcement of more BPO locations in other cities aside from Metro Manila in Luzon, Visayas and Mindanao...

The Philippines has started looking at the popularity and profitability of REIT's in and around Asia - the Senate introduced a bill last year (pending approval this year) to address the different fiscal requirements covering this excellent form of investment. Parties who stand to benefit from REIT's...

- Short Sales Are Below Radar - Stricter Lending Criteria Keeping Interest Rates Higher Thwarting the Fed's Actions (Which do not directly affect mortgage rates, anyhow).

We began the "slippery slide" a few months ago. Bigger issues are at play here--it's not just a sub-prime crisis.    

Ms. Kamala Worthington  wrote the article and I agree with what she said. FLorida and CA are two of the worst areas for real estate in the country. Foreclosures and short sales will be even better for buyers in 2008. Mortgages will be a lot tougher to get in 2008

Major local and international companies have retained confidence in the Philippines property investment market and have continued to invest and expand here. New investments and locators -Texas Instruments -Hanjin -Kindgdom Hotels -Chevron Existing locators with expansions -SM Investments -Ayala Land...