Short Sales Are About to Increase
October 5, 2009
Short Sales: A Fraying Lifeline for Homeowners | www.businessweek.com
Treasury is announcing new terms that they hope will encourage more short-sales. These transactions have not been very effective in the past, and while this is probably not going to be a game changer, it’s wise to expect the incentives could spur some level of increase in short sales.
September 2, 2009
Hope can fuel bulls' charge as stocks rally despite worries | www.usatoday.com
We believe that the recovery will be W-shaped and that April was only a false bottom. Our estimate is that there will be a slowing beginning in December, and that we will hit the true bottom in summer of 2010.
Policy Makers, CEOs and Investors Beware
August 26, 2009
1. Mortgage Rates to Benefit from Stabilized Home Prices, Jumbo Mortgage Rates in Particular | www.examiner.com
The emergence of home price stabilization is spotty and should not be over-simplified. It’s important to look at the underlying indicators to see where stabilization is actually taking place.
Has Housing Construction Really Bottomed?
August 26, 2009
U.S. Economy: Housing Starts Gain to Seven-Month High (Update1) | www.bloomberg.com
The recent good news in housing starts is based on seasonally adjusted data, which can fluctuate and affect solid conclusions. Non-seasonally adjusted data across a 12-month period is a more stable reflection of construction activity.
Are Consumers Paying Down Debt?
October 17, 2008
Consumers Pay Down Debt For First Time In 10 Years | www.marketwatch.com
Consumer borrowing has decreased for the first time in over 10 years as outstanding revolving and non-revolving credit fell in August. This may be an indication that Americans are pulling back on spending as the financial and housing markets continue to deteriorate.
Price Corrections Are Not As Bad As Reported
June 25, 2008
Home Prices Continue Sharp Descent | money.cnn.com
Home prices have indeed experienced significant corrections. However, some reports of price reductions may be exaggerated due to innacurate methodology.
Why is there no effort by the media to understand the DEMAND side of the housing industry?
June 2, 2008
The Truth Behind Florida's Housing Numbers | online.wsj.com
This article is just another example of somewhat reckless reporting by the “drive-by” media. Yes, there was excessive overbuilding of housing during the three years prior to 2006. Yes, there is a huge number of empty or unsold housing that must be sold over the next few years. This message is old and it has been beaten to death -- supply – supply – supply. It’s time for new media people to step up and deal with demand. It’s time for media people with housing knowledge and business savvy to study and put forward visions of the housing recovery. We need in-depth segmentation of facts. In south Florida, unsold, high rise, luxury condo’s have very little to do with current and future housing needs of the mass workforce. Why is such housing data merged with all other housing data as if they are one and alike? Why is there no expressed understanding of the limited amount of undeveloped land remaining in south Florida for the very certain growth of housing that will come?
South Florida Condominium Minefield -- Condominium Associations
May 19, 2008
Investor Report: Miami-Dade County | realtytimes.com
Buyers and Investors Beware: In addition to determining values (prices), careful analysis of the financial conditions of Condominium Associations (CA's) must be prudently examined before purchasing.
Economic Fundamentals Slipping Away
April 9, 2008
Are we or aren't we in a recession? | www.boston.com
Several national housing market indicators have been deteriorating at historically high rates in the last several months. The downward trend of these indicators points to a national recession.
February 26, 2008
Existing Home Sales Decline | biz.yahoo.com
Unsold inventory is at an extremely high level, which will be increased significantly as mortgage foreclosures continue to ramp up through 2008. The median home price has dropped only 4.6% year over year. Even with historically low interest rates, the credit crunch will continue to suppress demand.
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