GLG News by Self Storage Experts

The major market home builders are now dumping product nationwide at any cost to recover cash before they commit the cardinal sin of not being able to pay current bills. The financial institutions are flush with foreclosures and more homes are coming their way. Homeowners are trying to get out from...

Mr. Ross' acquisition of American Home Mortgage's servicing unit is a bold attempt to continue his legacy of "turnarounds" in the business arena. Like Merrill Lynch's purchase of First Franklin, Ross' move may disprove the adage "when there's blood in the streets, buy real estate", and prove the "Greater...

The numbers of high rise and condo conversion projects planned and at least partially funded in Miami, San Diego, Las Vegas, Chicago, New York City, Los Angeles and even on Central Avenue and at Lake Tempe and throughout Phoenix and Scottsdale far exceeds the possible market. The plans were drawn to...

Florida and Southeast  Alabama condominium sales are flatlined with bulging inventories that are losing value each day they sit idle. Investors are losing money,patience, and hope as this sector struggles for air. Builders are scrapping plans for new developments until the current inventories are...

The subject article is a presentation of the reality in today’s home building business. It speaks of overextended capital plans and the reality of maintaining positive cash flow. The state of the industry today parallels if not exceeds the difficulties of the early 90’s, early 80’s and mid-seventies....

More and more would be luxury home purchasers are finding their dream cribs just that---dreams.  Two income families with stellar credit scores have discovered that homes exceeding the jumbo loan limit of $417,000 (The cap on what Freddie Mac and Fannie Mae will underwrite.) are often...

I find the most interesting news in the subject article to be an estimate of real inflation at 9.5 % per year in the first years of this century. Talk about working against some long odds in maintaining wages or keeping up with costs to build. At the same times, the Las Vegas Sun recently noted that...

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...

Defaulted mortgages that transform into REO will hemorrhage the budget of any lender or servicer who cannot liquidate the parcels with dispatch.  Short sales represent one more tool available to property managers,real estate professionals,and homeowners faced with must sell properties in an all...

Vera Wang apparel, accessories, and home furnishings  at Kohl's have been discussed, debated,  and analysed for months. Some experts are confident the Vera customer has never heard of Kohl's and the Kohl's customer has never heard of Vera. Well, the goods are now on the selling...