Daily life in these developments seems a bit post-cataclysmic. Children play on elaborate but empty playgrounds. They walk their dogs past rows of shiny houses that have never been lived in. Voices echo up and down the block. Unfinished houses…
I don’t want to be too sophisticated here, but 2007 is going to suck, all 12 months of the calendar year. Our future is not as bright as we would like it to be. – D.R. Horton CEO Donald Tomnitz,…
Realty Income (O) is a $50 billion Net Lease REIT that pays a monthly dividend of 26.8 cents which works out to an annual yield of ~5.60%. They call themselves The Monthly Dividend Company since most companies pay dividends quarterly….
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 began swooning last month immediately…
“Negative sentiment took a firm hold of the [subprime bond] market” this past week. “We think the weakness in the ABX will continue.” – JP Morgan in a report from Friday June 15 In “Ills Deepen in Subprime Bond Arena”…
A couple weeks ago DataQuick, the excellent real estate information firm providing data primarily for the California market, came out with its July 2006 numbers. The Sacramento Bee ran a sobering article based on the report: July … saw the biggest drop…