GLG News by Residential Operative Builders and Developers (Arizona)

The subject article repeats the refrain common to the most overdone major housing markets in the country. Arizona, California, Florida and Nevada prices are way beyond fitting into the average budget and are going even deeper into red accounts. New York City and the surrounding states that serve as...

Just as the housing market was over stimulated by institutional/Wall Street funding, so too the commercial real estate markets in the major urban centers have followed with speculative excess. There has been little attention paid to creating value with easy money, to the contrary, the usual investment...

There are many proponents of the theory that the industrialized nations will face declining wealth through the coming century. The United Sates is not thought to be excluded from this effect by these thinkers. Those who believe otherwise as the article indicates feel there is no one else to assume the...

Wall Street has abandoned housing and the mortgage markets, the default ratios are up, consumer confidence is way down, wages are not keeping up with rising costs. The litany goes on through the press. Rarely do you see a positive note in the news as everybody is on the bandwagon now. The only recent...

Banks report increased delinquencies and overall lower earnings as the economy slows and housing drags. The reporting style here is yet corporate positive as CFO’s mirror the earlier performances of the major home builders, the Realtors and the Mortgage Bankers Association in denying housing issues....

The financial markets are primarily the product of the successes of government policies. That’s why the United States has led the world in wealth for the last century. That is, the benign nature and fertility of its land and the industrious behavior of its citizens have combined with the free but regulated...

The subject article talks about the concentration of Hispanic immigrants in the Phoenix metro area. The Hispanic population has always been an important component of Valley residents and now is even more so. I also refer the reader here to a further article entitled Valley salary growth lags behind...

The gas pump is easier to contemplate now that every twenty gallon tank-full is twelve dollars cheaper. Demand slipped and the big refiners and marketers chose the only way out by reducing the sticker at the corner. Oil is going to be beaten up when corn ethanol is substituted in whole or in part. We...

That miserable word unreliability is poking its ugly head above the surface in our logistics pileups. We have ships at anchor standing off our shores waiting for available dock space to unload their container cargo. Some of the most modern are so big that they can’t stand at the majority of the wharves....

No matter where you are, a billion is lot of dollars. You’ll see from the referenced article the estimate of $ 1 billion coming across the Mexican border into Arizona every year. We in Arizona send that amount and more back to Mexico annually as we visit and shop there too.