GLG News by Land Banking Experts (US)

Steve BottfeldPrincipalMarketing Solutions

2009 is a transition year

January 20, 2009

Analysis of:Housing Rebound? How about 2011 | www.lvrj.com

    NO ONE can accurately forecast a local 2009 economy.      There are simply too many unknowns.  A single "black swan" could change everything.      We have no idea when -- if at all -- the various "bailouts" will impact not just the American consumer but the housing industry.  So, let's look at 2008 for some clues about where the Las Vegas market APPEARS to be going.          

Howard LiggettPresident and CEODistressed Real Estate Consulting Services, Inc.

South Florida's Real Estate Armageddon Presents Huge Acquisition Opportunities

January 15, 2009

Analysis of:Nonresidential Construction Seen Falling 11% in 2009 | www.cnbc.com

South Florida's commercial and residential real estate markets suffered in 2008, and the New Year doesn't figure to offer much relief. Continued foreclosures and the weak economy will continue having an impact on prices and number of properties available with only aggressive sellers disposing of properties. Although home sales started picking up this past summer, the beleaguered housing market has been hammered by foreclosures and falling prices. Meanwhile, the sputtering economy has local businesses retrenching and cutting jobs, dealing a blow to the retail, office and industrial sectors. All this carnage creates an opportunity for those positioned to take advantage of the adjustment in prices, and higher expected returns.

Jim BelfiorePresidentBelfiore Real Estate Consulting

Desert Ridge: Down But Not Out

December 24, 2008

Analysis of:Development Halts Desert Home Project | www.azcentral.com

Despite Pulte Homes', Toll Brothers', and D.R. Horton's (as well as others) decisions to walk from land, homebuilding remains profitable in the Desert Ridge area.

Steve BottfeldPrincipalMarketing Solutions

SPOILING THE LAS VEGAS GRINCH'S HOLIDAY

December 23, 2008

Analysis of:Experts say it's plain: Housing pain to remain | www.lvrj.com

    The Grinch's Holiday Season in Las Vegas may not give him as big a smile as he expected.     Of course, The Grinch started November data by giving Las Vegas its worst unemployment figures in more than a quarter of a century.  He grinned broadly when he added in declining figures for visitor traffic and gaming win.     Then he added in the real estate statistics ... and his smile waned a bit.

Howard LiggettPresident and CEODistressed Real Estate Consulting Services, Inc.

Valuation Vendors Critical to the Home Sale Rebound

December 12, 2008

Analysis of:U.S. Eyes Plan to Lift Home Sales | online.wsj.com

As markets change,servicers and lenders need to choose a valuation company that can quickly and easily adapt.  Questions to ask include: Does your valuation vendor use a quality evaluation logic that can be changed on the fly?  The preferred valuation model would weigh more heavily on comps in an appreciating market and listings in a declining market.

Howard LiggettPresident and CEODistressed Real Estate Consulting Services, Inc.

Credit Default Swaps Are Dangerous Should the Waters Rise

December 5, 2008

Analysis of:N.Y. Approves ICE Credit-Default Swap Clearing Plan (Update 2) | www.bloomberg.com

Credit default swaps have been a major element in the ongoing financial crisis. That doesn't mean it's necessarily easy to understand just what the problem is with them.  In an effort to gain clarity I have engaged in a self-directed study on the topic with the following analogy to report.

Stan GutshallChief Executive OfficerHawthorne Creek Homes

Kimball Hill downfall was inevitable

December 5, 2008

Analysis of:Kimball Hill Calls it Quits, For Good | www.bigbuilderonline.com

Not just the market has brought down a another housing giant. Corporations take note: Overhead and personnel reductions should start at the bottom and not at the top. Go home with the one who brought you to the ball.

David GreenPrincipalTrinity Development Group

Land Is Valued Using Cash Buyers Discount Rates

November 19, 2008

Analysis of:How To Evaluate Land | www.builderonline.com

Lenders must face reality that today's value for land loans and A&D (acuisition and development) loans will yield pennies on the loan dollar.  There is no pretty way out for lender's exposed to this type of debt.

Steve BottfeldPrincipalMarketing Solutions

THANKSGIVING IN LAS VEGAS: BETTER THAN EXPECTED!

November 17, 2008

Analysis of:Housing Foreclosure Filings Drop | www.lvrj.com

October's housing statistics may give the Las Vegas real estate community some much needed hope as we head toward the Thanksgiving holiday.  They suggest that Las Vegas may be among the first markets to escape the real estate slump affecting the entire nation.

Jim BelfiorePresidentBelfiore Real Estate Consulting

Biggest Priorities: Slow Foreclosures, Stabilize Prices

October 31, 2008

Analysis of:Tested in the West | www.azcentral.com

The direction of the economy will largely be dictated by how many foreclosures occur during the next six months and how much further prices fall.

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