GLG News by Residential Operative Builders and Developers (Arizona)

Apartment rents are up throughout the country, sometimes considerably. The western U.S. has current occupancies of over 90% in the major markets. The weakest areas are where you might expect in Phoenix, Tucson, California’s Inland Empire and Sacramento. The combination here of relatively low wage structures...

The map presentation accompanying the referenced article is notable because in detailing the overvaluation of housing in four ranges not much of the map is left unpainted. We knew that before the map so adequately articulated the problem. The issue should lead us, though, to think further about the...

The pressure is intense for home owners, lenders, home builders and other investors to maintain housing values. Companies who provide financial and other services such as real estate brokers, appraisers and the like are dependent for their income on a steady to rising market. The home buyer on the other...

We see from the article that over 40 % of the nation’s imports by cargo ship flow through the adjacent Long Beach and Los Angeles ports which lie smack in the middle of the Los Angeles Metroplex. Moreover, the traffic at the ports will double in the next dozen or so years. The container port proposed...

Affordability ratios are too high, sales are weak, a reduced number of new jobs don't help and wages at the middle and upper levels are not increasing. 

The greater fool enters a market when investment interest rates elevate and negative leverage occurs. Or when income streams are interrupted by an inventory of new construction.

We’ve arrived at a crucial time in this cycle where foreclosures and defaults both existing and imminent throughout the country threaten to tip prices over to substantial market price reductions.

When the housing market moves up, it moves up at a rapid clip or so it seems. We spend so much time enjoying the new wealth if we are home owners or involved in the housing industry that time seems to fly. When the market slows or dips, the process seems to take forever. And, in truth, it does take...

The factors outlined show that the growth in family income is being outpaced by the growth in family expenses. Something’s got to give and it will be the cost of housing that leads the giving. There aren’t many ways to get the family income up anymore now that the college degree is a standard and...

The consensus for the future as now laid forth for investors by the housing industry is that there can be no consensus currently. There just are too many variables to make a wise call guided by historical trends, it is said. And no one among the investors or the media today rises to dispute that forecast,...