All GLG News Analyses Filed Under: Residential Market Trends

Housing Market Data

August 1, 2009

Analysis by: GLG Expert Contributor

Analysis of:Nationwide reveals 1.3% rise in house prices | www.propertyweek.com

One needs to be careful about drawing too many conclusions from the July 2009 Case-Shiller housing data.

Steve BottfeldPrincipalMarketing Solutions

Las Vegas Residential: ON THE BOTTOM!

July 21, 2009

Analysis of:REAL ESTATE: Outlook for LV housing grim | www.lvrj.com

June housing data powerfully reinforces the idea that Las Vegas is now experiencing a residential bottom.

Foreclosures affect everyone

July 18, 2009

Analysis by: GLG Expert Contributor

Analysis of:Rising Unemployment Accelerates Foreclosure Crisis | www.google.com

The unemployment rates have continued to climb and that spells trouble for the real estate markets. However, there are some bright spots for those who do have jobs.

Housing Sector Bottom?

June 8, 2009

Analysis by: GLG Expert Contributor

Analysis of:Digesting This Week's Housing Data | www.realestateeconomywatch.com

First time home buyers may help to put a bottom into the market but they cannot do it alone.  First time home buyers may help stabilize the market long enough for confidence to improve and step up buyers to move into the market.  However, the market cannot recover until banks get rid of the their inventory.  We have more rough times ahead.

Real Estate Market Projections Based Upon First Time Buyers and Short Sales is Irrelevant

June 5, 2009

Analysis by: GLG Expert Contributor

Analysis of:Digesting This Week's Housing Data | www.realestateeconomywatch.com

Any report that portrays a global resurgence of the USA real estate is irrelevant if the projection cites that the path to recovery has begun as almost all data is related to first time buyers with incentives, short sales, builder discounts and foreclosed properties as all of these types of sales are not a present in a stable resurgent marketplace. First time buyer will disappear one the incentives and available properties diminish. A report on the resurgence of the market must be based upon sustainable market events not short term stimulus with events reported in only the lower priced real estate. Any resurgence must include sales that occur across the board in all price ranges.

David LereahPresidentReecon Advisors

Digesting This Week's Housing Data

June 4, 2009

Analysis of:Digesting This Week's Housing Data | www.realestateeconomywatch.com

The markets have received a spate of housing reports that we need to interpret in order to better understand whether the housing industry is recovering or getting worse. The article analyzes and interprets the following reports: pending home sales; mortgage applications; mortgage delinquencies/foreclosures; Case-Shiller, FHFA, and NAR home prices.

The sale of distressed properties is a short market and not a solution to the Real Estate Market problems

June 4, 2009

Analysis by: GLG Expert Contributor

Analysis of:Home prices slide 14% | money.cnn.com

The stimulus of 1st time buyers and speculators in the foreclosed properties is simply a short term stimulus and doesn't begin a return of the housing market which has not been addressed in a serious manner. The new home and resale market above $350.000 in the Lehigh Valley Pennsylvania market place is not even a glimmer of 2007 and the market for homes in the $500,000 is almost absent of sales even though home prices continue to be reduced in the hopes of a sale. The missing ingredient to a market resurgence is "buyer confidence" which continually is eroded by government deficit spending and will get worse as interest rates rise as a result of government intervention to permit financing of the deficit which will further deepen the market the problems as social agendas trump the return of a strong economy.

Joseph ChathamPresidentChatham Mortgage Partners Inc.

Home Prices: This slide is but a taste of things to come

June 4, 2009

Analysis of:Home prices slide 14% | money.cnn.com

Although steep declines in home values are enticing new homebuyers, the overall affordability indices are troublesome.  Existing "A" paper laon portfolios suggest trouble ahead. Further declines are not only coming, they should be welcome.

Do current housing inventory levels reflect the true market?

June 3, 2009

Analysis by: GLG Expert Contributor

Analysis of:Home prices slide 14% | money.cnn.com

Now that the Fed's are involved in the mortgage crisis, the inventory of bank owned properties on the market has steadily declined over the last several months. Recent declines in REO assignments serves to reinforce the belief that inventory control has been orchestrated by our government. With supplies steadily in decline the data would suggest many markets have reach healthy levels of months of listing inventories. The economic motivation is supported because banks don't have to report the flow of red ink on their books propping up their stock value. Buyer's come back into the market thinking the bottom has been reached instead of waiting for further declines. Sadly there's little confindence inventory control can be sustained unless lenders and the US government are willing to become landlords, the back log of foreclosures will eventually come to market. False bottoms eventually give way to the ground floor!

David LereahPresidentReecon Advisors

Home Price Indices Disappoint, Real Estate Economy Watch.com

May 28, 2009

Analysis of:Home Price Indices Disappoint | www.realestateeconomywatch.com

The recent release of the Case-Shiller home price index for March was disappointing news for the housing markets. Other home price measures for April-- the FHFA purchase-only home price index and the median price for existing homes also disappointed the markets. Home price deterioration and weak home sales are keeping the housing markets from recovery.

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