GLG News by Land Banking Experts (US)

Bad news for some, though, will soon turn out to be good news for others.  The second half of this year will yield ample opportunities for residential land / lot buyers.  

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...

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

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...

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...

The referenced article begins with the now usual doomsday message which many including this writer have now exhausted ad nauseam.  Three relatively short paragraphs later, the Editor-in-Chief wraps up the forgone conclusions neatly and attempts to move on to some new meat.  You can read the...

May data for the Las Vegas housing market suggests that recovery is underway for the resale market.  Unfortunately, the data clearly points out that recovery does not yet extend into the new construction arena.

Three years after the change in the residential market, we have now come to the failure of the financial institutions which have supported the real estate backed consumer goods market of the recent past.  You might just as well have written the article about FNMA or FHLMC, as the same solvency...

Our next lesson may be that homebuyers should carry some of the financial risk associated with owning a home.