Jan 12 2009
Okay, so there are lots of foreclosures. Many have been listed for sale – but at full ticket
prices.
When is a Bargain a Genuine Bargain?
There are auctions of properties, priced at 25% less than 2006 prices; but not priced at
25% off 2008 prices, which are substantially lower!
If house prices in your area are off 15% to [...]
Sep 03 2008
Ruth Cordoba has never owned a home, but she is feeling the effects of the mortgage meltdown acutely.
Cordoba, 28, rented a three-bedroom home in Riverside for six months with the help of so-called Section 8 funds, money provided by the federal government through local housing agencies. In June, when her landlord could no longer make [...]
Aug 20 2008
Report: Rental rate hits record level in 2007
By Inman News, Wednesday, April 30, 2008.
The share of rental households jumped by about 1 million last year and this group is likely to expand further if foreclosure trends continue, Harvard University’s Joint Center for Housing Studies reports today, while the monthly rental rate reached [...]
Dec 09 2007
First quarter survey results revealed new market leaders in quarterly rent growth, according to data
recently released by RealFacts. Unlike the last five to six years, recently each quarter reveals different
markets accelerating and decelerating in rent growth, as very few coast with little change. Long time
leaders Riverside-San Bernardino and Las Vegas continued decelerating during the [...]
Nov 17 2007
Capital Markets Remain
As you have most likely heard by now, credit markets experienced a new round of turmoil during the week of November 5th. The headlines are currently dominated by major Wall Street banks’ growing write-downs and departing CEOs stemming from bad loans in the residential sub-prime category. The result is that spreads [...]
Nov 10 2007
Here are some important facts that will affect real estate pricing over the next 20+ years:
By 2010 over 40% of all households will be comprised of an age group over 55
years.
The number of citizens over the age of 65 years will jump from 34.7 million in
2000 to nearly 70 million by 2030 (a mere 30 [...]
Oct 28 2007
The Commerce Department estimates that third quarter Gross Domestic Product slowed to an annual rate of only 1.6%, down from 2.6% in the second quarter and 5.6% in the first quarter. The latest GDP report was well below expectations, as well as the consensus view that the economy will grow by around 2.5% in [...]
Oct 26 2007
I have been a continuous subscriber to The Bank Credit Analyst. I continue to find BCA’s advice on the economy, inflation and the major
investment markets to be the most accurate of any source I have followed.
For the last year or more, BCA has predicted that the US economy was headed for a
slowdown, but they have [...]