All GLG News Analyses Filed Under: Residential Market Trends

Kenneth EganBroker and RealtorRe/Max All Cities Realty

Double Dip is a certainty

November 20, 2009

Analysis of:Fear of Double Dip in Housing | online.wsj.com

No matter what the spin, facts are irrefutable.3.5M houses in foreclosure trumps the NAR story about lower inventoryMore than 3 times the current number of foreclosures are in pre-foreclosure.2010 and 2011 will see great numbers of foreclosures.

Case-Shiller Report is Old News & the Information is Outdated

October 31, 2009

Analysis by: GLG Expert Contributor

Analysis of:Home Price Improvements May Be Short-Lived | www.realestateeconomywatch.com

The most recent Case-Shiller report stated, that home price index has risen four consecutive months a sign of steady improvement and stabilization of the housing market. The August date compared to the same data (August 2008) was down about 11.2 per cent. There will be further softening of the Real Estate sales as well as home values.

David LereahPresidentReecon Advisors

Case-Shiller Home Price Improvement Temporary

October 27, 2009

Analysis of:Home Price Improvements May Be Short-Lived | www.realestateeconomywatch.com

According to a recent Case-Shiller home price report, the pace of annual decline in home values continues to decelerate and there are sustained monthly increases across many of the markets. Historic low mortgage rates and a government tax credit program have provided a favorable backdrop for housing activity throughout this year. Housing sector faces several obstacles that could weaken future home sales and home values.

PPIP is doing what it was designed to do.

October 24, 2009

Analysis by: GLG Expert Contributor

Analysis of:Question Marks Still Remain for PPIP | www.globest.com

The primary function/purpose of PPIP was to provide price support to institutional investors holding structured investments. PPIP was not designed to provide a market bid for "toxic" assets. If it were, the program would have permitted inclusion of all structured assets - not just those rated AAA; similarly the program would have supported the purchase of ReRemics - the true "toxic asset" class.

David LereahPresidentReecon Advisors

Record Deficit Bad News For Economy and Housing

October 22, 2009

Analysis of:Record Budget Deficit Cast a Dark Shadow Over Economy and Housing | www.realestateeconomywatch.com

The federal budge deficit is now at an all-time record and is about 10 percent of GDP. The fallout of running excessive budget deficits will likely be higher interest rates and slower and erratic long-term economic growth. Both would provide an unfavorable backdrop for the nation's housing sector.

Steve BottfeldPrincipalMarketing Solutions

Las Vegas: Beyond the Bottom!

October 20, 2009

Analysis of:ECONOMIC INDEX NOW POINTING POSITIVE | www.lvrj.com

     In a week in which Las Vegas learned the local unemployment rate had skyed to 13.9% … passenger traffic at McCarran Airport slid 1.2% … and Nevada bankruptcy filings jumped 64% in the last nine months …. September housing market data actually comes as relatively good news.      At worst, Las Vegas is scudding along a bottom like a sailboat on choppy water. At best, it may be in recovery.      The key statistics: Prices appear stable. Inventory is still dropping. Sales continue to be strong.

Oversupply Hits Many Other Glitzy Markets

October 16, 2009

Analysis by: GLG Expert Contributor

Analysis of:Quarter of homes lying empty in Dubai | business.rediff.com

The 25% vacancy rate in Dubai is one more outcome directly related to hyperinflation in housing which is unsustainable in the new era of illiquidity. Even the previously unassailable American conclaves of wealth, privilege and luxury (Vail Village and Aspen, Colorado) show the inevitable drag of diminished wealth and the painful consequences of de leveraging, and moreover the fear that the worst is far from over. Market forces, regardless of the pain are the only lasting corrective measures.

David LereahPresidentReecon Advisors

Homebuyers Expecting Too Much out of the Recovery

October 15, 2009

Analysis of:Homebuyers Overly Optimistic about Future Home Values | www.realestateeconomywatch.com

The Case-Shiller home price index has increased sharply during the past several months, suggesting that homebuyers are expecting future home values to rise. A recent homebuyer survey confirms that homebuyers expect home values to significantly rise over the next 10 years and I worry that they are becoming over exuberant once again.

David LereahPresidentReecon Advisors

Some Mortgage Companies Could be in Trouble Next Year

October 14, 2009

Analysis of:Mortgage Lending Business Expected to Sink Next Year | www.realestateeconomywatch.com

According to the Mortgage Bankers Association's new forecast, mortgage origination volumes could plummet next year. That could be bad news for lenders that rely heavily on the refinancing side of the business.

The Demise of the Construction Industry

October 7, 2009

Analysis by: GLG Expert Contributor

Analysis of:South Florida construction jobs continue to disappear | www.miamiherald.com

While the Top 20 construction markets of last year have taken a dive, fifteen of them survive to grace the list again. Florida, however, has been hit particularly hard.

Page : 12345678910Next1 to 10 of 410