Daily Drivel Archive for May, 2011

No Loans, No Homes

Posted on 31 May 2011 at 4:13pm

Can you imagine! Only 529,000 housing starts year-over-year. Yes, we have a housing over-supply at the moment. But caused by financial strata... not demographic realities... (show all)

Pending Home Sales Decrease

Posted on 27 May 2011 at 10:52am

Home buyers are scarce. To quote: "The prospect that foreclosures will continue to drive down property values may keep buyers on the sidelines awaiting further price decli... (show all)

Foreclosures Cresting, Renters Staying Put

Posted on 26 May 2011 at 6:37pm

In an interview with Kathleen Hayes today the President of Realty Trac commented that there are approximately 3,000,000 foreclosures still in the system. While this is a h... (show all)

NY Office Space Expanding

Posted on 23 May 2011 at 9:19am

New York has the most office space in the United States. It is a world-class city, however, per the attached article, more than half of all buildings in the city are more t... (show all)

Tighter Lender, Fewer Home Sales

Posted on 19 May 2011 at 1:49pm

The attached link is all about home sales in and around Washington DC. I thought the most striking data point related to expectations that foreclosures this year will exce... (show all)

If Thinking of Buying a Home, Buy now

Posted on 18 May 2011 at 11:59am

In the attached article the writer provides reasons for considering purchasing a home in winter 2011. The timing is even better now. Prices have dipped in residential a l... (show all)

IMF Predicts 4% World GDP

Posted on 13 May 2011 at 7:13am

From Bloomberg: The International Monetary Fund predicts growth in the world economy will accelerate to 4.5 percent in 2012 from 4.4 percent this year. While advanced econo... (show all)

Zillow Says 28% of all Homeowners are Underwater

Posted on 9 May 2011 at 11:38pm

More than 28 percent of U.S. homeowners owed more than their properties were worth in the first quarter as values fell the most since 2008, Zillow Inc. said today. See li... (show all)

Job Growth Momentum & Interest Rates

Posted on 6 May 2011 at 12:34pm

The U.S. has had three months now with job creation above 200,000 each month. Although the unemployment rate is remaining steady, the jobs report is a great trend line. A... (show all)

Phoenix Under Water When it Comes to Mortgages

Posted on 4 May 2011 at 4:55pm

Phoenix is one city in the United States. A good size city with hard working people, businesses and good schools. It also is paying the price for the most recent real est... (show all)

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