As we are taking inventory of 2006 and putting the year behind us,
it is noteworthy that the residential real estate for the 2nd ˝ of
the year was down 12.5% . We believe that the real estate woes are
just beginning, with foreclosures increasing, 2007 will only see a
However, we have to remember how strong the US major city’s real
estate is, and some might say the over heated the housing market was
in the 2005 in terms of sales and investor demand will correct
itself and the market.
Last year showed a big drop as a whole but to a level that frankly
is still reasonably active when you compare statistics. We at MAS
suggest that condos in all the major cities in the US may be
starting to recover. NYC has showed a good solid demand for condo in
MAS economists and
consultants predict that sales will continue to fall in January,
February and March, with the worst still to come as markets are
inundated with foreclosures.
Our President and CEO Mr. Kambiz Merabi feels comfortable with the
indicator’s showing inflation has been contained at under 3% (Dec
2.54% ,Nov 1.97% ,Oct 1,31%) in last three months, which has the
effect on the Federal Reserve not to raise the interest rate .The
interest rate set the trend in our industries.
I believe that
even if underlying inflation is coming down, it is still
unacceptably high. Real estate has a direct effect on the interest
rate, and I feel the Fed will not increase the rate this year at
all. The foreign commercial real estate investors still like to
invest in the best markets, i.e.
NY is #1, DC #2,
LA #3 ,San Francisco #4 and Chicago ,Miami,. Research done in
October by the Center of Real Estate at the University of Wisconsin,
Madison, found foreign investors desired to invest in US RE despite
I believe that most foreign investors understand the NY and LA
market a lot better than the rest of the residents of the US do. So
start looking and find your RE investment. My office in LA is
expanding and we are very optimistic in 2007 that the correction
would be a minor one. We are building more condos and our project #1
will be ready to hit the market by April, and our project #2 will
break ground by the end of the summer.
MAS is a leading provider of the full service triple A office building in Van
Nuys with over 100 Suites ,in addition to a full service virtual office . The
MAS 's professional packages includes fully furnished office & suite space,
personalized telephone answering, visitor reception, meeting rooms, high-speed
internet access, telephone and voice mail system,.
Our virtual office services, the Professional packages , includes personalized
telephone answering, mail receipt, a prestigious business address, clerical
support, guest offices, conference room ,meeting room ,board room .
You focus on making your business grow. MAS will focus to take care of the rest
- we've got you covered.