GLG News by Land Banking Experts (US)

Steve BottfeldPrincipalMarketing Solutions

TRICK OR TREAT: The Las Vegas Market Improves, and May be Near the Bottom!

October 21, 2008

Analysis of:Local Builder Closes Sales Offices, Citing Credit Mess | www.lvrj.com

undefinedundefined <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:1; mso-generic-font-family:roman; mso-font-format:other; mso-font-pitch:variable; mso-font-signature:0 0 0 0 0 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style- September’s housing statistics for Las Vegas are like a Halloween costume.  We can’t quite tell what’s behind the mask.  What complicates our vision is that this data was developed just as economic news regarding the bailout and the further misadventures of AIG, Lehman Brothers and others hit the public consciousness.      Certainly, as the US is battered by an economic system undergoing a frightening metamorphosis, people look for signs that something good may be happening. September housing statistics for Las Vegas provides some good news.  But, there are some tricks among the treats:

John BurnsPresidentJOHN BURNS REAL ESTATE CONSULTING, LLC

Are Consumers Paying Down Debt?

October 17, 2008

Analysis of:Consumers Pay Down Debt For First Time In 10 Years | www.marketwatch.com

Consumer borrowing has decreased for the first time in over 10 years as outstanding revolving and non-revolving credit fell in August.  This may be an indication that Americans are pulling back on spending as the financial and housing markets continue to deteriorate. 

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS CONTINUES TO MOVE FORWARD (AT LEAST UNTIL DATA CATCHES UP)

September 23, 2008

Analysis of:Speculators Coming Back | www.lvrj.com

  As the US is battered by an economic system undergoing a frightening metamorphosis, people look for signs that something good may be happening.   Unfortunately, they won't find it in the Las Vegas August housing data.  Of great concern to economic and market analysts is that Las Vegas housing prices continue to slide.  The caveat is that August data was developed prior to recent economic news regarding such major financial entities as Fannie Mae, Freddie Mac, Merrill Lynch Lehman Brothers, and AIG.   And, September’s housing data will suffer the same shortcoming.

Howard LiggettPresident and CEODistressed Real Estate Consulting Services, Inc.

Nationalization of the Finance Industry Will Doom Middle Class America

September 16, 2008

Analysis of:Capital Markets' Turmoil Clouds Some Realities | www.globest.com

The government takeover of ailing mortgage giants Fannie Mae and Freddie Mac was no surprise and has been jumped all over by the mainstream press. This move was intended not to cause something to happen, but to prevent something from happening. That something was the imminent bankruptcy of the two entities that account for about 80 percent of U.S. mortgage issuance.  What does it mean for those who watch from afar in locales like Omaha,Denver,Orlando and Atlanta?

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: REAL ESTATE RECOVERY UNDERWAY?

August 19, 2008

Analysis of:EMPLOYMENT: Open season for jobs | www.lvrj.com

For the first time in two years, the Las Vegas resale market has less than 8 months of inventory.  If a normal market is defined by six months of inventory, then the resale market in Las Vegas is on the edge of being considered normal. undefined is n----->There is not one person reading this article who believes that last         sentence. The truth is: Nothing in Las Vegas real estate is “normal.”  And, July data accentuates that point.  There’s enough negative news to keep all of the pessimists beating on their alarm drums.    undefinedü  J -----> But, July data also suggests that the Las Vegas market         continues to improve more rapidly than other areas of the         country. Let’s look at the various market segments:

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS ENTERS A "GOLDILOCKS" RECOVERY

July 22, 2008

Analysis of:NEW HOME SALES HOLD STEADY IN LAS VEGAS | www.lvrj.com

June's housing statistics suggest that the Las Vegas real estate market has entered a rolling "Goldilocks" recovery.  A rolling "Goldilocks" recovery is not hot.  It is not cold.  And, it may not be "just right" for everyone.    Rather, as the existing home market recovers, it will roll the new home market segment into recovery.   Those two market segments then "roll" the vertical market component into recovery. 

Howard LiggettPresident and CEODistressed Real Estate Consulting Services, Inc.

State & Local Tax Reforms May Cripple Municipal Development

July 15, 2008

Analysis of:Cleveland Sues Banks Over Foreclosures | www.msnbc.msn.com

July 1 marked the beginning of a new fiscal year for most states and about one third of local governments, and, as a result of declining economic conditions, ushered in a period of cutback management and difficult decision making for many state and local leaders. Reduce taxes,reduce spending is the hue and cry from John Q. Public and understandably so.  However,we as voters sometimes shoot ourselves in the foot when it comes to government reform predicated solely on the idea "not if it impacts me".   Reductions in infrastructure funding,cutbacks in nonessentials such as public parks, street festivals,art appreciation events can spell doom for commercial developers and retailers who had earlier held plans to locate within municipal boundaries.

Jim BelfiorePresidentBelfiore Real Estate Consulting

The Second Half: Buyer's Market

July 2, 2008

Analysis of:Unfinished subdivisions grinding to a halt | www.azcentral.com

Bad news for some, though, will soon turn out to be good news for others.  The second half of this year will yield ample opportunities for residential land / lot buyers.  

Jim BelfiorePresidentBelfiore Real Estate Consulting

Pushing to the Bottom

July 1, 2008

Analysis of:KB Home’s Loss Widens as Inventory of Unsold Houses Mounts | online.wsj.com

Investors and market observers can count on continued homebuilder losses, as home prices a pushed downward further.

John BurnsPresidentJOHN BURNS REAL ESTATE CONSULTING, LLC

Price Corrections Are Not As Bad As Reported

June 25, 2008

Analysis of:Home Prices Continue Sharp Descent | money.cnn.com

Home prices have indeed experienced significant corrections.  However, some reports of price reductions may be exaggerated due to innacurate methodology. 

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