We’ll Say It Once Again: It’s All About Managing Expectations
“The housing sector has continued to decline and to erode at a very, very rapid rate,” said in response to a question. “It would be nice to see some early…
We’re Looking For A Messenger (And Promise Not To Shoot)
The agenda (and no, not that kind of agenda) for yesterday’s real estate and economics symposium hosted by the UC Berkeley Fisher Center for Real Estate and Urban Economics. The…
JustQuotes: The Foreclosure Spillover, Symptom Or Subterfuge?
“The losses (from foreclosures) are extending to neighbors and to entire communities,” said Martin Eakes, chief executive of the Durham, N.C., Center for Responsible Lending, which released the survey on…
The Fortune Forecast For Where Home Prices (And Rents) Are Headed
As a plugged-in reader notes, Fortune Magazine looks at historic Price to Rent ratios (pages 76-88) across 54 major metropolitan areas in an attempt to forecast where home prices are…
The Federal Reserve Cuts Benchmark/Discount Rates By 0.25%
The known: the Federal Reserve has cut both its benchmark interest rate and discount rate by 25 basis points (a quarter percent) while signaling that further cuts are unlikely. “Today’s…
JustQuotes: Pick Your U.S. New Homes Sales Headline And Spin
U.S. New-Home Sales Rose in September After Revisions “Sales of new U.S. homes unexpectedly rose in September after figures for previous months were revised down, maintaining concern the housing slump…
U.S. Existing Home Sales Fall 8% (And Yes, It Might Matters To You)
Sales of previously owned U.S. homes fell 8% in September (19% year-over-year) and the median price paid fell 4.2% compared to September 2006. And while some might point to a…
JustQuotes: Delving Into The Drivers Of Demand (Part I)
“Many analysts have fingered easy lending as a contributor to the housing boom, but the Atlanta Fed paper may be the first to quantify its effect in a rigorous way.…
NAR’s Monthly Moving Target (October Edition)
For the eight month in a row, the National Association of Realtors has lowered their annual sales forecast for existing homes across the nation. And the latest forecast now calls…
The National Association of Realtors Pending Home Sales Index Falls
Citing mortgage woes, the National Association of Realtors reports that their forward-looking national Pending Home Sales Index (based on signed contracts) fell 6.5 percent from July to August and is…