Real Estate Downturn Finally Arrives in West Los Angeles
January 13, 2009
As Vacant Office Space Grows, So Does Lenders’ Crisis | www.nytimes.com
- The West Los Angeles commercial real estate market, once considered bullet-proof due to its strong fundamentals, is hit hard by the recession. - The Westside market experiences its first negative absorption in five years, and rental rates, which had gone up in the face of declining absorption, drop for the third consecutive quarter. - The declining market forces lenders to take back a $1.5 billion portfolio of office buildings in West Los Angeles and surrounding areas.
January 13, 2009
Bush seeks remaining 350 billion dollars for finance bailout | www.earthtimes.org
Congress wishes to have greater accountability over the expenditure of this next $350 billion. It also wishes to see some of this money go into the actual prevention of future foreclosures.
HOW TO AVOID FUTURE FORECLOSURES
January 12, 2009
Citigroup, Senators in Talks to Let Judges Modify Mortgages | online.wsj.com
Bankers are becoming more amenable to loan modifications for home owners who are already in foreclosure or bankruptcy.
OPPORTUNITY TO BUY INTO THE AMERICAN DREAM
October 29, 2007
STATE BY STATE - BUY NOW OR WAIT? | www.searchprg.com
Social networking web-sites are bringing people closer at an unprecedented pace. The Trulia Voices forum at www.trulia.com/voices brings buyers, sellers, and real estate professionals together to discuss and exchange ideas, issues, problems, and solutions.
The Buyer Pays Real Estate Commissions
October 22, 2007
Who Pays the Real Estate Commission? | homebuying.about.com
The author provides a good explanation of real estate brokerage commissions and the correct way to think about it.
FHA Refinancing Will Help Avoid Foreclosures
October 22, 2007
FHA to implement new "FHASecure" refinancing product | www.fha.gov
It is designed to save an estimated 240,000 homeowners from going into foreclosure. It benefits creditworthy borrowers who financed their homes by using riskier adjustable rate mortgages which have interest rate reset dates between June 2005 and December 2009. The program is also expected to create more liquidity in the mortgage market.
The Future of Discount Brokerage
October 22, 2007
Foxtons Shuts U.S. Operations, Blames Housing Slump | www.bloomberg.com
The model of discount brokerage is based on high volume and quick sales. The article points out how the Foxton's discount brokerage model collapsed at the slightest change in the pace of home sales.
The Psychology of Home Price Changes
September 12, 2007
Understanding Recent Trends in House Prices and Home Ownership | www.kc.frb.org
The author provides a scholarly examination of the relationship between expectations and price changes. The author concludes that Fed actions typically do not affect prices directly but they do impact expectations.
Possible Government and Fed Actions to Ease Mortgage Crisis
September 5, 2007
Bush, Bernanke Pledge To Stabilize Mortgage Meltdown | www.consumeraffairs.com
The article essentially summarizes some of the key elements of some options such as refinancing options using FHA loans that the government will make available for creditworthy homeowners to be able to save their homes. The article also suggests that the Fed may act to cut rates if necessary.
September 5, 2007
U.S. Housing Market Conditions | www.huduser.org
This report for the 2nd Quarter of 2007 is part of a regular series produced by the US Department of Housing and Urban Development, Office of Policy Development Research. While the first quarter of 2007 had shown some improvement in housing affordability, the second quarter showed an increase in prices. Quantity of sales declined however.
Who is kidding who regarding a recovery in commercial real estate
October 18, 2009
U.S. Helps Commercial Real Real Estate Lenders Pretend and Extend
October 15, 2009
The Jury Is Still Out On General Growth
October 8, 2009
FDIC to create value "mark" by selling Corus portfolio
September 24, 2009
The Condo-Hotel Gone Bad: A Particular Corner of Hell
August 24, 2009