All GLG News Analyses Filed Under: Residential Market Trends

I believe we will see a further significant downturn in housing prices which will follow an abundant oversupply of homes on the market produced by defaults over the next year.- Real estate broker volume may increase but home building and land development will be off.- The purchase side of mortgage banking...

I believe we will now have a business downturn as result of reduced demand in the housing and auto industries and the debt service requirement on the federal budget.  I think China and other offshore sources have been funding our consumer spending with low interest rates when they advance funds...

The "plunge" in resale home sales should not come as a surprise to anyone.  Resales are simply overpriced.

The article suggests new home building has "hit bottom" in metro Phoenix.  Regardless of what is meant by "hit bottom", the new home market is at least a few months from hitting bottom.

Recent survey data suggests the market may have turned a corner.  Speculative supply appears to be retreating and pricing should soon stabilize.

Whilst some housing markets are international, most are mediated by a number of local and regional factors.

I like three of the points made here best.  Housing prices have been increasing faster than incomes, the sub-prime market has never been tested in a down housing market and if the market becomes an auction market, prices can fall sharply.  I think these are the keys to further price and...

Similar scenarios throughout the country show RE market trends.Who will "blink" first is still a guess.

It is still too early to spot a positive trend.Affordability is a key ingredient to a turnaround, and affordability will not be reached until prices drop further.People are backing off spending 50% or more of their family income for housing.

This article, which was published on the front page of the Wall Street Journal on December 5th, is a prime example of how lack of knowledge of an industry can lead to incorrect or unsubstantiated interpretation of market trends and data.The authors report that "Subprime" borrowers are increasingly...