Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Case-Shiller Report is Old News & the Information is Outdated
October 31, 2009
Home Price Improvements May Be Short-Lived | www.realestateeconomywatch.com
The most recent Case-Shiller report stated, that home price index has risen four consecutive months a sign of steady improvement and stabilization of the housing market. The August date compared to the same data (August 2008) was down about 11.2 per cent. There will be further softening of the Real...
Case-Shiller Home Price Improvement Temporary
October 27, 2009
Home Price Improvements May Be Short-Lived | www.realestateeconomywatch.com
According to a recent Case-Shiller home price report, the pace of annual decline in home values continues to decelerate and there are sustained monthly increases across many of the markets. Historic low mortgage rates and a government tax credit program have provided a favorable backdrop for housing...
PPIP is doing what it was designed to do.
October 24, 2009
Question Marks Still Remain for PPIP | www.globest.com
The primary function/purpose of PPIP was to provide price support to institutional investors holding structured investments. PPIP was not designed to provide a market bid for "toxic" assets. If it were, the program would have permitted inclusion of all structured assets - not just those rated AAA;similarly...
Record Deficit Bad News For Economy and Housing
October 22, 2009
Record Budget Deficit Cast a Dark Shadow Over Economy and Housing | www.realestateeconomywatch.com
The federal budge deficit is now at an all-time record and is about 10 percent of GDP. The fallout of running excessive budget deficits will likely be higher interest rates and slower and erratic long-term economic growth. Both would provide an unfavorable backdrop for the nation's housing sector.
October 20, 2009
ECONOMIC INDEX NOW POINTING POSITIVE | www.lvrj.com
In a week in which Las Vegas learned the local unemployment rate had skyed to 13.9% … passenger traffic at McCarran Airport slid 1.2% … and Nevada bankruptcy filings jumped 64% in the last nine months …. September housing market data actually comes as relatively good news. At worst, Las Vegas...
Oversupply Hits Many Other Glitzy Markets
October 16, 2009
Quarter of homes lying empty in Dubai | business.rediff.com
The 25% vacancy rate in Dubai is one more outcome directly related to hyperinflation in housing which is unsustainable in the new era of illiquidity. Even the previously unassailable American conclaves of wealth, privilege and luxury (Vail Village and Aspen, Colorado) show the inevitable drag of diminished...
Homebuyers Expecting Too Much out of the Recovery
October 15, 2009
Homebuyers Overly Optimistic about Future Home Values | www.realestateeconomywatch.com
The Case-Shiller home price index has increased sharply during the past several months, suggesting that homebuyers are expecting future home values to rise. A recent homebuyer survey confirms that homebuyers expect home values to significantly rise over the next 10 years and I worry that they arebecoming...
Some Mortgage Companies Could be in Trouble Next Year
October 14, 2009
Mortgage Lending Business Expected to Sink Next Year | www.realestateeconomywatch.com
According to the Mortgage Bankers Association's new forecast, mortgage origination volumes could plummet next year. That could be bad news for lenders that rely heavily on the refinancing side of the business.
The Demise of the Construction Industry
October 7, 2009
South Florida construction jobs continue to disappear | www.miamiherald.com
While the Top 20 construction markets of last year have taken a dive, fifteen of them survive to grace the list again. Florida, however, has been hit particularly hard.
A Convincing Case for a Homebuyer Tax Credit Extension
October 6, 2009
Extend the Homebuyer Tax Credit | www.realestateeconomywatch.com
With the expiration date rapidly approaching, supporters of the tax credit fear that the housing recovery may stumble in the absence of this housing subsidy. Opponents believe that extending the program would be costly, expressing concerns about excessive government spending and a run-away federal...
Excess money is on the sidelines for commercial real estate
November 20, 2009
Is This Mr. Lampert's 8th or 9th Life?
November 19, 2009
A Happy Thanksgiving for Las Vegas
November 18, 2009
Current Construction Activities in FL
November 16, 2009
Commercial Real Estate Impact on Economy Understated
November 16, 2009
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retailtrafficmag.com
Commercial Real Estate Debt Won't Be the Next Shoe to Drop, Economists Say
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