GLG News by Production Homebuilding Experts

March Las Vegas housing results can best be described as mildly disappointing. Although prices remained relatively stable and inventory continued decline, surprisingly, sales did not improve significantly. Although sales did not increase in March, there is sufficient anecdotal evidence (increasing...

In my mind, the debate as to housing affordability and commercial real estate viability is over.  The game is lost as $ 21 trillion in housing value will become $ 15 trillion in the next few years and commercial real estate values will drop 25 to 50 % on the average in the next few years. 

If the subject analysis is realized, the return of Wall Street to advisory services will return real estate debt to the portfolio lenders.  Goodbye to the CMBS market as well as the sub-prime market.  In fact, Wall Street itself will be a unit of major banking institutions.  The major...

With the spiraling down turn of the economic situation in America today, the hotel industry will be and is hit the hardest, hit with the loss of earned revenues. Hotels are mostly assciated with vacation and travel when in reality, the core of their existance is hinged by business tributaries...

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.

The economy of the western United States has been thought to have underpinnings that are too solid to be affected by recessions. Among these economic undertakings are the gaming and tourism facilities of Las Vegas. This assumption looks to be shaky as set forth in the subject article. &nb...

 The article shows what’s on the local mind as families in this average man’s town try to get from paycheck to paycheck.  Not surprisingly, the British grocer, Tesco, has called a 90 day moratorium to its aggressive market entry and store opening program in Arizona, California and Nevada. ...

RE Markets like any are cyclical by their very nature.   Home buyers will return enmasse once they perceive the market gyrations are slowing and they believe good deals are available.  The local nature of RE negates a large amount of existing commentary.

Consider: “a lot of the financial system looks like it’s going to shrivel up and have to be rebuilt”; “it’s clear that we’re going to have a commercial real estate crash not too far short of the severity of the housing crash”; “the only good thing we have going for the U.S. economy now is the weak dollar...

The Sub-Prime issues have become just that another issue that needs to be worked out. This is a great topic and everyone has his or her idea of what is happening and when it will stop. That in itself lends to great conversation, i on the other hand think the market is cleaning itself and removing the...