GLG News by Land Brokerage Experts (Florida)

Carl StreckOwner & PrincipalMountainseed Advisors What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Return to Reality

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.

John Burns, President

John BurnsPresidentJOHN BURNS REAL ESTATE CONSULTING, LLC What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Resale Home Prices Are Likely to Fall in Many Markets

June 28, 2007

New-home sales continue decline | www.chicagotribune.com

Why so many markets? Why so much in some markets? Why so little in other markets?

Carl StreckOwner & PrincipalMountainseed Advisors What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Return of Affordability

May 11, 2007

Taylor Takes 25 Million-Pound Charge on Florida Homes | www.bloomberg.com

1. Taylor Merger a smart move 2. Pricing returns to Historic norms to move inventory 3. Taylor and Morrison fill each others holes.

John Burns, President

John BurnsPresidentJOHN BURNS REAL ESTATE CONSULTING, LLC What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Message to Fed: Housing is Falling Much Faster than Reported

May 11, 2007

Home sales: Worst drop in 18 years | money.cnn.com

Housing is Falling Much Faster than Reported

Carl StreckOwner & PrincipalMountainseed Advisors What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Florida Housing: A Sleeping Giant?

April 16, 2007

Florida's quiet counties poised for a new housing boom | www.sun-sentinel.com

The market is searching for the light at the end of the tunnels...that light exists in meeting the consumers needs in price and location.

John Burns, President

John BurnsPresidentJOHN BURNS REAL ESTATE CONSULTING, LLC What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Builder Confidence

March 27, 2007

Builder Confidence Remains Low, Especially in the Midwest | www.marketwatch.com

 

The NAHB's monthly survey of home building communities trended down again this month, after increasing over the last several months. The beleaguered Midwest showed some improvement, but remained that worst region in the country. The West also improved slightly this month.

Nationally, the Housing Market Index – a measure of builder confidence through new home sales and traffic in comparison to expectations – reversed recent trends by falling in March. The national index had been making a steady comeback in recent months since reaching a 15-year low in September of last year.

On a regional basis, builder confidence in the Midwest, which had declined to the lowest level of all regions, is making the strongest comeback. The West region has only started to turn around this year. The South and the Northeast are now the highest among the four regions, but declined in March, dragging down the national average.

John Burns, President

John BurnsPresidentJOHN BURNS REAL ESTATE CONSULTING, LLC What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Vacancy Glut Will Prolong the Recovery

March 26, 2007

Vacancy Glut Will Prolong the Recovery | www.realestatejournal.com

A glut of 800,000 excess vacant homes will prolong the recovery for approximately one year. The recent surge in resale listings and completed new homes offered for sale includes a record level of unoccupied homes. The surge is both the result of investor activity earlier this decade as well as the result of new home sales cancellations. Approximately 2.1 million of the homes offered for sale today are vacant. The average over the last 10 years has been 1.3 million vacant homes for sale. We expect more vacant homes to be put up for sale in 2007 because all categories of vacancy have risen significantly in the last few years. With only 6 - 7 million new and resale homes expected to be sold this year, we believe it will take about one year for the excess vacancy to return to normal. In certain tertiary markets, the excess supply will probably linger for years.

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