Realty Executives : Market Conditions

Escape to the Beach for Labor Day

Realty Executives Puerto Penasco// Rocky Point — Mon, 27 Aug 2012 21:03:00 GMT

Looking for something fun for Labor Day Weekend? Rocky Point has some great condo specials for the whole family. Be sure to beat the heat and have some great times in Rocky Point. After a fun day of sun and sand, be sure and check out some great music at Changos and The Lighthouse. Saturday night at Las Palomas will feature stand up comedy from Gene Pompa. Hope to see you there!

Investors turn to Mexico as US Stock Market declines

Realty Executives Puerto Penasco// Rocky Point — Fri, 12 Aug 2011 18:12:00 GMT

Real Estate in general has proven to be an excellent investment, and actually better than the Stock Market over the long term. Real estate in Mexico is really a safe haven for real estate investors, more so than in the US. The recent drop in values of real estate in the US and Mexico makes now an excellent time to invest in real estate. I tell potential buyers looking for a mortgage in Mexico that they can choose to invest in the US, but unless it will be their primary residence, it isn’t a good place to put their money because prices are going to be very slow to increase in the US – there is a huge inventory in the market, and many foreclosures are yet to be put into the market, which will likely depress prices even further. If people are looking to pick up a property in the US for cheap and rent it out – guess what? Everyone else has the same idea and the rental market will not be strong and rents will be low. If people want to buy a great primary residence to live in for not much money, then the US is a good place to buy a home.

The real estate market in Mexico is still very viable, and although prices are the lowest they have been in the last 5-8 years, the bottom of the market hasn’t fallen out. There are no massive foreclosure problems in Mexico. Interest rates are at an all-time low in Mexico (as low as 5.25%) and values are going to appreciate much faster than in the US since there is still a huge pent-up demand of baby boomers looking to make their retirement nest-egg go as far as possible. This is even more true now that retirement assets have dropped in value – again. Mexico is still an inexpensive place to live – once people have their real estate purchased. Warren Buffet and J. Paul Getty (as well as other wealth investors) share an identical strategy that when everyone is selling, it is a good time to buy and pick up exceptional deals. This is true of Mexico right now. Investors are fed-up with the stock market and will want to put their money into a safe investment - and for many, a place they can use and enjoy as the value of their real estate goes up. Investing today is not so much about how much return you can make on your capital investment, but it is more about protecting the investment you have so that it doesn’t lose value. We can honestly tell potential buyers that a dollar invested in Mexico isn’t going to disappear like it can in the Stock Market. ---Doug Jones, President Mortgages in Mexico

Mexican Economy Looking Good

Realty Executives Puerto Penasco// Rocky Point — Fri, 10 Jun 2011 18:15:00 GMT

The National Real Estate Investor has posted great news for people savvy enough to be looking to Mexico to invest in Real Estate. Mexico is benefitting from the proximity to the US and the current positive trade indicators, overtaking the yearly increase over China for the first time. The positive economic news is reflected in real estate investments as well. For details, see http://nreionline.com/finance/news/mexico_rife_opportunity_0606/

Commercial Flights to Rocky Point / Puerto Penasco Mexico

Realty Executives Puerto Penasco — Mon, 27 Aug 2007 03:32:00 GMT

COMMERCIAL AIR FLIGHTS TO PENASCO!

Starting Sept. 4th, a new comercial flight from Hermosillo to Puerto Penasco – on Aerolitoral! Aeroliteral is PART OF AEROMEXICO..Mexico’s largest airline.

Aeromexico and the State governmentand local government have worked very hard on getting this to happen. Flight 2350 will leave Hmo. At 10:40 in the a.m. on Tuesday, Thursday and Sundays and from PP to Hmo. The flight will leave at 14:00 hrs. The ticket (one way) will cost $699 pesos – approx. 63 USD dollars plus tax. And will have 11 existing connections to, Ciudad de México, Guadalajara, Monterrey, Ciudad Obregón, La Paz, Chihuahua, Culiacán, Loreto, Torreón, Los Mochis y Hermosillo.

Why fly to the US and go through homeland security nightmares; take a 6 hr. bus drive or rent a car and pay about 100 USD; deal with border issues when you could fly to Hermosillo?

So this is GREAT NEWS!! Because when the Mexican business people can support a growing area, with businesses, services, etc. everyone benefits. Real Estate in Puerto Peñasco has had increased investments from within Mexico and with this flight I sure this will help even more. Puerto Penasco can now increase its weekend traffic from various part of Mexico which improves returns for real estate investments and helping the local market conditions.

Let’s support their new route to keep it going!