Local and regional banks have so many souring commercial real estate loans that they have begun to fail at a rate not seen since . . . well, you know. The latest was Colonial Bank of Alabama, which was rescued…
The widely followed Case Shiller index of home prices showed a sequential increase in home prices for June, marking the second straight month of sequential price increases for the first time since early 2006. This supports the idea, which I’ve…
A strong July Existing Home Sales report from the National Association of Realtors is propelling the market this morning. Existing home sales rose to a 5.24 million annualized rate from 4.99 million in July 2008 – the first year over…
There is a consensus out there that we are at the bottom or pretty darn close. – James Radler, a Roseville based land broker wtih Park Place Land Advisors of Irvine, CA They’re trying to position themselves without anybody knowing….
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
Housing is fast dividing into two markets: Sales of low- and moderately priced homes are picking up and values have stopped falling in some parts of the nation. But on the upper end, sales remain mired in a deep slump…
It’s a complete buyer’s market. – Brian Rance (subscription required), US Managing Partner, Freshfields Bruckhaus Deringer, a law firm According to a Wall Street Journal article (subscription required) today, a record 8.9 million square feet of high quality, class “A” office space…
By selling land at huge discounts to what it was once valued, big builders generated large losses for tax purposes. By applying those losses against profits during prior years, they have collected about $2.55 billion in tax refunds this year,…