Real Estate Archive
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 »
NY Times: Securitization Market Completely Dependent On Govt Programs
The securitization markets are dead.
- Robert Shiller, Economist, Yale University
Click here for larger graphic
Fascinating and important article on the front page of today's New York Times Business section showing that the securitization markets are completely ...
Posted by Greg Feirman · No Comments »
Sac Bee: FHA Loans Soar In Sacramento Area
Source: "FHA Loans Soar In Sacramento Area", The Sacramento Bee, October 3
Does anybody doubt that the FHA and Ginnie Mae, which guarantees FHA mortgage backed securities, will need a government bailout just like Fannie and ...
Posted by Greg Feirman · No Comments »
Top Gun FP Client Note: The Crack Based Economy
September 29, 2009 · Category: Federal Reserve, Government, Macro Economics, Market Commentary, Real Estate, Top Gun Financial Planning
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right ...
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Another WSJ Editorial On The FHA’s Shaky Finances
September 29, 2009 · Category: Government, Real Estate
One place to start is the Federal Housing Administration, the nation's insurer of nearly $750 billion in outstanding mortgages. The agency acknowledged this month that a new but still undisclosed HUD audit has found that ...
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