Real Estate is like a set of Russian Nesting Dolls. Analysts tend to focus on the entire market, with minimal effort given to the underlying components. Examination of various market segments can indicate a different pattern as recent sales activity in New York City is showing. (Northeastern
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08/03/2009
Much of the headlines streaming across major news sources' websites indicate a recovery looming in the housing market. With home sales, housing starts and other indicators showing slight upticks month-over-month on public records, the general media consensus seems to be that the worst is behind
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08/03/2009
This was originally a comment made to a SeekingAlpha.com article by Tim Iacono titled, ‘Has the Housing Market Hit Bottom?' Real Estate is three things: Cyclical Seasonal Emotional Cyclical Cycles run about 15 years in length with the current cycle beginning late 2006. Looking at public records,
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07/31/2009
Originally posted on Calculated Risk Blog No matter how sophisticated or intelligent we are, the bottom line is that the consumer drives the economy. While it is important for policy makers and Economists to have access to PhD's for the mathematical probability of what is going on with the econom
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07/30/2009
Greed and capitalizing on a persons' misfortunate brings out the worst in us as a nation. The current financial crisis has many culprits, but millions of victims. We can say what we want about over indulgence and living beyond our means. But we must ask; how was this all possible in the first
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07/30/2009
Hello Everyone, the following comments relate to a great post by Jennifer Allan I must say that these comments are not only on the mark, but extremely professional in nature. I have been appraising real estate for 25 years, working as a Chief Appraiser during the last banking crisis and present
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07/30/2009
We are finishing our NYC/Nassau County residential report and are working on our NYC Commercial Property report. We need to know what the members of this group would like to see? Also, what areas of the countries interest you the most and what level of trending/tracking would you like to see? We
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07/30/2009
This is a great post and supports what we report in Housing In Crisis published in March. I would like to add the following which will highlight the real cost difference: Wyoming 16.60% New York 15.70% Alaska 15.10% Washington D.C. 14.40% Maine 14.30% Hawaii 14.00% Louisiana 14.00% Vermont 13.50
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07/29/2009
With 5 months in, the public record from homeowners on President Obama's Loan Modifcation Plan has been that it's not operating up to par. With foreclosures mounting and unemployment rising, the plan simply hasn't been working fast enough to meet the dire needs of the American people. Claims that
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07/29/2009
Although home prices continue to decline, it may seem like the worst has passed for the housing market. According to property data from Standard & Poor's report released today, the 20-city index fell 17.1 percent in May from last year. This is the smallest drop in nine months. Economists forecast
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07/28/2009
