Real Estate News by GLG Council Members

The numbers reported by KB Homes are very similar to those reported by Lennar and other major, publicly-traded homebuilders. Sales are off drastically, contract cancellations continue to be problematic and losses are mounting. For the National Association of Realtors and other trade organizations, as well as some well-known analysts, to claim that we have seen the bottom of the housing market is both...

Investors and market observers can count on continued homebuilder losses, as home prices a pushed downward further.

Life as a Developer has always been about who you know and what you know.Knowledge of building materials and cost are basic things developers need to survive. Things have changed a great deal the last 5-10 years. Most "new developers" and general contractors have never lifted a hammer or worn dirty work boots, that is a major shift and change from days past. The old model = work as a journeyman...

I agree that there is now a global connection and consequently an effect among home sales and in defaults.  However, I disagree that second homes are the first to falter in a down market. On the contrary, I have been seeing a trend particularly among US baby boomers, in which second or vacation homes take priority over primary or first homes. 

This analysis, as is the case with most of my analyzes for GLG News, could properly be classified under several different overly restrictive GLG News "Subjects".  It involves important impacts in "Retailing", "Finance",Stock Market Activity, and Shopping Center Real Estate(which as yet is not a separate category). Instead I chose to label it under the REITs category.  However,...

Home prices have indeed experienced significant corrections.  However, some reports of price reductions may be exaggerated due to innacurate methodology. 

This article is important for at least three reasons. The first and most important is the "Domino" affect the restructuring or demise of Steve & Barry's will have on most, if not all, Mall REITs. The vast majority of their 270 existing stores are in former anchor stores that, if returned to their former vacant status, would have profound negative impact on the entire "wing" of the regional mall...

On the Global market for second-homes, we have for a number of years now only seen ‘risk-loving' echoes of upturns in many individual national markets for first homes. We are awaiting the echoes of the negative developments in a number of national housing markets on markets for second homes. We will probably see that soon in a number of places, but effects will not confined to each national market...

In their first quarter results, several banking organizations reported stunning losses and provisions generated by these loans, with predictions of much more to come in future quarters. Indeed, national banks, which hold about half of all home equity loans, sustained as much loss from this type of credit in the first quarter of this year than they did in all of 2007.  Home equity lending...

There were names like Fox & Carskadon, McNeil and Consolidated Capital among the biggest income property acquisition syndicators in the 70’s and 80’s, but no more.  And no more are thousands of other syndicators of that era big and small, who generally fell by the wayside as they could not execute.  And the reason they could not execute was they could not exit their existing portfolios...