Real Estate Archive
Top Gun FP Client Note: Inklings Of A Housing Double Dip
June 20, 2010 · Category: California, Federal Reserve, Macro Economics, Real Estate, Top Gun Financial Planning
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
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
January 5, 2010 · Category: Business Culture and Current Events, Culture and Current Events, Real Estate
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 »
Letter From Big Housing Industry Organizations To Extend 1st Time Home Buyer Tax Credit
I came across a letter today addressed to Geithner, Summers and Donovan (Secretary of Housing and Urban Development) from the National Association of Homebuilders, National Association of Realtors and the Mortgage Bankers Association asking for ...
Posted by Greg Feirman · No Comments »
NY Times: FHA Headed For Same Fate As Fannie, Freddie
Let me simply state at the outset that based on current projections, absent any catastrophic home price decline, F.H.A. will not need to ask Congress and the American taxpayer for extraordinary assistance - we will ...
Posted by Greg Feirman · No Comments »
