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.
IS THE LAS VEGAS REAL ESTATE MARKET ON THE CUSP OF A REBOUND?
September 25, 2007
Local home sales stay down | www.lvrj.com
As you know by now, the Federal Reserve Board surprised the financial world with a ½% reduction in interest rates. The impact of that action may curtail the amount of time the Nation will spend mired in a housing slump. Nowhere was this information better received than Las Vegas. There is greater hope for the future because of this interest rate drop and because of August surprises in two shelter industry data elements: Foreclosures; andNew Home Sales/Prices.
September 7, 2007
credit flu may delay housing recovery | ww.wsjournal.com
Consolidation will occur in the industry The strongest companies will survive the downturn five years from now there will be significant changes to the industry
The Surprising Investor Impact on the Las Vegas Shelter Industry
September 4, 2007
Mortgage Defaults high in Nevada | www.lvrj.com
Las Vegas has been unfairly characterized as a real estate market that will continue to melt under the stress of mounting inventory, the sub-prime crisis and lack of affordability. The impact of those forces on Las Vegas has been more severe on sales than on prices. Overall, resale prices are off a scant 1.6% in the first seven months of this year. Traditional new home prices are off +8%. But, when you add vertical to traditional, new home prices are off a tiny one tenth of one per cent. This market may turn around much more quickly than most analysts suspect. It is entirely possible that the return to normalcy in Las Vegas may be sparked by renewed investor interest.
The Reset, the FHA's Role, and Our Neighbors
August 23, 2007
How FHA Could Help Borrowers | online.wsj.com
The FHA plan discussed in this article puts the burden of poor individual and lender decisions on the government and taxpayers, perhaps not a burden many of us believe we should be required to bear. However, considering the magnitude and the possible effect on the markets if the 2.2 million resets are remotely similar to my neighbor’s resetting rate, we might be thankful if the program is adopted in coming weeks.
August 16, 2007
American Home Mortgage Files For Chapter 11 Amid Turmoil | online.wsj.com
Many analysts have failed to identify two of the major underlying causes of today’s housing slump. While nearly all correctly point to the sub-prime and affordability issues, nearly all overlook these two subtle, but critical, causations: (1) new home product simply hasn’t kept pace with demographic changes over the last two decades; and (2) the 04-05 housing “boom” was created, in part, by “greater fool than me” theory investors.
The Mortgage Saga and What to Expect
August 7, 2007
American Home Mortgage Corp. files for bankruptcy protection | www.courierpress.com
Tightening lending requirements of remaining players and higher home loan rates will push the housing demand lower, adding further downward pressure to home prices and increasing the likelihood of Fed intervention.
July 26, 2007
Housing Market to Weaken Even Further as Mortgage Industry Takes Cure | online.wsj.com
Horton's drop in net new home orders is alarming, given that the builder is the low price leader. How will they alter their strategy to counter current conditions?
July 24, 2007
Florida's Existing Home Sales,Median Price Down in May 2007 | www.floridarealtors.org
The housing market returns to heathly levels as percieved demand is replaced by real demand, and reverts to affordable levels to meet the real homebuyers needs.
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