Real Estate Archive

The Facebook Fiasco And The Pricking Of Tech Bubble 2.0

NOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To ...
Posted by Greg Feirman  ·  No Comments »

NY Times: Some Say Let The Housing Market Fall

September 7, 2010  ·  Category: Real Estate
As the economy again sputters and potential buyers flee — July housing sales sank 26 percent from July 2009 — there is a growing sense of exhaustion with government intervention.  Some economists and analysts are ...
Posted by Greg Feirman  ·  No Comments »

Top Gun FP Client Note: Inklings Of A Housing Double Dip

In the three weeks since the start of our third quarter on May 1st, which coincided with the expiration of the homebuyer tax credit, our per community deposits and traffic were up 23% and 11%, ...
Posted by Greg Feirman  ·  No Comments »

A Housing Double Dip?

June 17, 2010  ·  Category: Macro Economics, Real Estate
Everyone expected the housing market to suffer at least a temporary hangover after the government’s $8,000 tax credit expired, but not necessarily this much. Preliminary data from around the country indicates that the housing market ...
Posted by Greg Feirman  ·  No Comments »

NYT: Spurt Of Home Buying As End Of Tax Credit Looms

March 30, 2010  ·  Category: Macro Economics, Real Estate
Real estate agents say buyers and sellers are hurrying to take advantage of the tax credit, which is worth up to $8,000 for home buyers.  But the last-minute rush is also prompting some foreboding about ...
Posted by Greg Feirman  ·  1 Comment »

Hussman: Wave Of Mortgage Resets Coming

March 17, 2010  ·  Category: Macro Economics, Real Estate
To reiterate what the reset curve looks like here, the 2010 peak doesn't really get going until July-Sep (with delinquencies likely to peak about 3 months later, and foreclosures about 3 months after that).  A ...
Posted by Greg Feirman  ·  No Comments »

Lowe’s Results Suggest Stabilization

February 22, 2010  ·  Category: Macro Economics, Market Commentary, Real Estate, Stocks
Our fourth quarter results suggest the worst of the economic cycle is likely behind us.  While the psychological impact of falling home prices and an uncertain employment picture continue to weigh on consumers, improving comparable ...
Posted by Greg Feirman  ·  No Comments »

Stuyvesant Town And Peter Cooper Village Partners Turn Keys Over To Lenders

January 26, 2010  ·  Category: Macro Economics, Real Estate
It's the poster child for the entire housing bubble.  There'll be some other spectacular blowups, but this will be at the top of the pecking order. - Daniel Alpert, Managing Partner, Westwood Capital The fact that they ...
Posted by Greg Feirman  ·  No Comments »

Peter Goodman Revisits Cape Coral, FL

We're not in a recession.  We're in a depression. - Bobby Mahan, a local real estate broker Two years ago, Peter Goodman wrote an award winning piece on the real estate bust in Cape Coral, FL: "This ...
Posted by Greg Feirman  ·  1 Comment »

Continuing Stabilization In Sacramento Home Market

December 21, 2009  ·  Category: Real Estate, Sacramento
On Friday, the Sac Bee published Data Quick's November data for the Sacramento-area single family home market.  The most notable data point was the first year over year price increase for existing single family homes in ...
Posted by Greg Feirman  ·  No Comments »