February 12, 2008
Speculators May Have Accelerated Housing Downturn | online.wsj.com
“Speculators” / investors seem to bear the brunt of criticism when discussing the downturn in residential real estate. Undeniably, this group contributed to both the rise and fall of residential real estate. However, the MBA statistics, coupled with BREC’s previous estimates of investor buyers, reflect an equal proportion of 2004 and 2005 resident buyers are being foreclosed upon. Others appear to be deserving of some of the blame for the current downturn….
Challenging Year Not in Question, Depth is
February 11, 2008
Housing Forecast: More Storms | online.wsj.com
Few will debate whether or not prices are actually falling; most every measurement has recently shown a decline, and with economic projections what they are, prices are expected to continue to fall. How long and how far are the questions at hand. Belfiore Real Estate Consulting (BREC) has some thoughts on the Phoenix metro area….
What is the 2008 outlook for homebuilding?
January 14, 2008
Analyzing Homebuilder Risks | seekingalpha.com
What will happen in 2008 for the homebuilding industry? Will cash be generated? Will there be failures? Will there be profits?
Income tax update for homebuilders
December 31, 2007
INCOME TAX UPDATE FOR HOMEBUILDERS | online.wsj.com
What are the econonmic and cash impacts from a tax standpoint of large impairment losses recorded by homebuilders? How/when can cash be recovered from these losses?
Homebuilding Gross Margins May Not Be What They Seem
December 31, 2007
Homebuilding Gross Margins May not Be What They Seem | online.wsj.com
Some reported gross margins from home sales may appear to be higher than they really are. Investors should be alert for situations where reported gross margins are inflated by prior inventory writedowns.
December 26, 2007
How Hot Land Sales Offset A Housing Glut in Phoenix | online.wsj.com
When Mr. Corkery wrote this article more than 2 weeks ago, the reality is few land sales were occurring in Phoenix. His timing was off: several thousand lots and option agreements are now being signed, as builder's rush to remove lots from their balance sheets prior to year-end.
Job Growth, 2008, and Phoenix Single-Family Demand
November 13, 2007
Mortgage Industry Needs More Layoffs, Analysts Say | www.azcentral.com
Phoenix metro area employment and population growth will slow in 2008. Consequently, so will demand for new housing, but how much will it slow? How do you forecast employment growth?
Credit Availability will Determine Future
November 2, 2007
Fresh Credit Worries Grip Markets | online.wsj.com
When making your determination on the future of the economy, how many units will be sold next year, or how many people will move to Phoenix, consider how banks have reacted to bad news this year; the statistics above; and how lenders may react to bad news next year.
November 1, 2007
STATE BY STATE - BUY NOW OR WAIT? | www.searchprg.com
Today is not the day to pull the trigger on the residential real estate market.
Lennar, Spec Homes, and Balance
October 9, 2007
Lennar posts record quarter loss of $513.9 million | www.azcentral.com
Homebuilders are employing differing speculative inventory strategies in the market today. Lennar's is driving home prices down further. This artcile explores Lennar's strategy and other strategies being employed.
February 6, 2012
Las Vegas real estate: A happy new year?
January 20, 2012
Commercial property sales plunge in New York City: Why should everyone care?
January 19, 2012
Are Macy's closures a leading indicator of mall REIT values?
January 18, 2012
Ireland's commercial property outlook
January 9, 2012