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Recently Published:
Current Market Conditions
The Stock Market Looks At Real Estate
Well, we all have heard the bad news, housing sales down again, hugely - 23% in the quarter. NAR
reports that sales are at their lowest since the sales series
launched in 1999, and single family sales are at the lowest level since
May of 1995. What does the stock market have to say? read more...
Current Market Conditions
The Rental Sector Is Looking Up
This may be the brightest sector
and only strong story in a dismal market. There is a real sense of
confidence building in the rental sector based on a few strong factors
not present in the rest of the housing market.read more...
Current Market Conditions
Real Estate Markets: Whats The Catalyst
Delinquencies and Foreclosures remain stable but elevated with two loans deteriorating for every one that has improved.
So Whats The Catalyst....
Current Market Conditions
Federal HomeBuyers Tax Credit Extension
The U.S. House has passed a bill giving home buyers an extra three
months to complete their purchases and still qualify for a generous tax
credit.The Senate is working to reach an agreement with Republicans to
pass the House-passed homebuyer tax credit closing date extension early
as today.
Current Market Conditions
Jobs Recovery and Rent
If history is a guide, what happens with jobs will matter the most to the strength of the housing rebound, said Eric S. Belsky, executive director of Harvard's Joint Center for Housing Studies read more..
Current Market Conditions
Strategic Defaults: A Strategic Option
New research suggests that when a homes value falls below 75% of the
amount owed, the owner starts to think hard about walking away,even if
he or she has the money to keep paying. read more...
Current Market Conditions
Apartment Vacancy Rates Decline In The First Quarter
Vacancy rates for all apartment buildings with 5 units or more declined
to 12.1% from 12.5% in the previous quarter, according the NMHC. The national vacancy rate dropped to 7.2% from the prior
quarters 8.2%. The apartment sector may well be the first to recover as the
overall economy emerges from this great recession. read more...
Current Market Conditions
Stock Market Insights For The Housing Markets
Existing-home sales
was expected because of the tax credit inducement, and no doubt there
will be some temporary fallback in the months immediately after it
expires, but other factors also are supporting the market read more..
Current Market Conditions
Case Shiller Price Observations
The most recent Case Shiller report shows a slowdown and this is likely to continue and magnify, now that the tax credit is passed. That said the price bounce on many markets points to a lot of pent up demand....read more
Current Market Conditions
Housing: Where Are We Now
With house prices expected to slid and unemployment to rise
substantially further, this third foreclosure wave will grow larger. If
house prices fall another 10% over the coming year,as Moody’s
Economy.com
currently forecasts...read more
Current Market Conditions
Rent Vs Buy Today
Marcus & Millichap just
completed a study and found the gap between monthly rents and mortgage
payments are at their lowest level in 20 years. Years of declining
prices and mortgage rates have created a buyer's
market
Current Market Conditions
The Case for Recovery
As long as mortgage rates dont jump
and employment continues to improve, we should see housing play a key
role ...read more
Current Market Conditions
Case Shiller in Context
Prices are now up almost 4 percent from the bottom in May 2009, but off
30 percent from May 2006, largely considered the peak of the housing
boom. The 20-city index was off just 0.7 percent from this time last
year. The smallest decline in almost three years.
Current Market Conditions
NAR and The Commerce Dept Feb Figures
Sales of new single-family houses in February 2010 were at a seasonally
adjusted annual rate of
308,000, according to estimates
released jointly today by the U.S.
Census Bureau and the Department of Housing and Urban Development
Current Market Conditions
What Does the Stock Market Have to Say About Housing
REITs are investment vehicles that trade like stocks or bonds. You can
think of them as mutual funds that
invest in property or property
related paper such as mortgages. Looking at the REITs and the various
real estate sectors can help us understand the underlying real estate
trends we work with.
Current Market Conditions
Home Trends Price Stability
The MBAA reports that the trend of mortgage failures is slowing and
those in the foreclosure process also slowed in the fourth quarter. More
and more, we are hearing people call this a bottom. read more...
Current Market Conditions
Case Shiller: Slowly Getting Better
The S&P Case Shiller U.S. National Home Price Index posted a 2.5%
decrease from a year earlier, a significant easing from the 19%, 15%
and 8.7% declines in the rest of 2009. read more...
Current Market Conditions
Small Banks In Trouble
COP, established by Congress in 2008 to oversee the
$700 billion Troubled Asset Relief Program (TARP), is concerned about
our small banks. TCOP expects $200 to $300 billion in losses from commercial real
estate loans for small banks. These smaller regional banks are over
exposed to commercial loans and may not be able to absorb the deluge of
bad paper...read more
Current Market Conditions
REITs: Where Are The Good Deals
Real-estate
investment trusts sold $24 billion in new stock last year, raising to
profit from commercial-property distress by picking up high-quality
real estate at bargain prices. But they are having trouble finding
deals.
Current Market Conditions
Home Price Trends: 2010
Since bottoming out in in June, home prices have seen upticks and sales
have lifted off of the deep trough lows. Goldman Sachs estimates that
Govt stimulus has lifted home prices by about 5%. Moodys now thinks
that home prices are now in line with rent ratios and fairly priced,
about 3.5% over valued. read more...
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