Real Estate Archive
Sac Bee: New Meltdown Looms As Sacramento Area Commercial Vacancy Rate Rises
It's very analagous to what happened with the residential market. Money was cheap, growth was rapid, and we built a lot more product than we needed.
- Mark Friedman, a prominent Sacramento commercial developer
Good article on ...
Posted by Greg Feirman · No Comments »
August Sacramento Home Sales Data Support Stabilization Thesis
Click here for larger graphic
The overall volume of home sales in the 8-county Sacramento region dropped about 16% from the year ago period while prices were firm month to month. The median sales prices of ...
Posted by Greg Feirman · No Comments »
Signs Of Stabilization In Lennar 3Q Report
During the third quarter, the overall housing market continued its road back to recovery as more confident homebuyers took advantage of increased affordability. While high unemployment and foreclosures will continue to present challenges, consumer sentiment ...
Posted by Greg Feirman · No Comments »
Ginnie Mae Accounts For 20% Of New Mortgages In 2009
Another fascinating article from two Thursdays ago in The Wall Street Journal about how Ginnie Mae and the Federal Housing Administration are playing an increasingly large role in the mortgage market ("Banks Load Up on ...
Posted by Greg Feirman · 1 Comment »
1st Time Homebuyer Tax Credit And Fed Mortgage Security Buying Set To End
In my previous post, I wrote about how the government is essentially propping up the housing market with all its programs and stimulus. Well, two of those programs are set to expire shortly.
The $8,000 1st ...
Posted by Greg Feirman · 2 Comments »
Massive Government Intervention Propping Up Housing Market
At least for the next two years, and possibly longer, it is not possible that the government would say: 'The U.S. mortgage market no longer needs our support.' Were they to say that, the mortgage ...
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Excellent Steve Pearlstein Article On The Commercial Property Problem
August 25, 2009 · Category: Macro Economics, Real Estate
Local and regional banks have so many souring commercial real estate loans that they have begun to fail at a rate not seen since . . . well, you know. The latest was Colonial Bank ...
Posted by Greg Feirman · No Comments »
June Case Shiller Housing Numbers Support Idea Of Low End Housing Bottom
August 25, 2009 · Category: Market Commentary, Real Estate
The widely followed Case Shiller index of home prices showed a sequential increase in home prices for June, marking the second straight month of sequential price increases for the first time since early 2006. This ...
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First Year Over Year Rise In Existing Home Sales Since November 2005
August 21, 2009 · Category: Market Commentary, Real Estate
A strong July Existing Home Sales report from the National Association of Realtors is propelling the market this morning. Existing home sales rose to a 5.24 million annualized rate from 4.99 million in July 2008 ...
Posted by Greg Feirman · No Comments »
Homebuilders Buying Up Lots, Especially in Placer County
August 19, 2009 · Category: Real Estate, Sacramento
There is a consensus out there that we are at the bottom or pretty darn close.
- James Radler, a Roseville based land broker wtih Park Place Land Advisors of Irvine, CA
They're trying to position themselves ...
Posted by Greg Feirman · No Comments »
