A blog from Patrick Duffy, building industry writer and consultant with MetroIntelligence Real Estate Advisors; providing commentary and news citations on regional, national and international economic and real estate trends.
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Each year, The Economist magazine publishes "The World in" annual book of predictions, and the 2010 version is now available online.
From the editor's intro:
The good news about 2010 is that the world will emerge from recession and the post-crisis...
Having had little luck maintaining the success of the blog "L.A. Land" upon the departure of journalist and blogger Peter Viles (and now the departure of housing writer Peter Hong), the Times has decided to combine the blog into its general business...
Owing to growing concerns about FHA reserves (and a potential taxpayer bailout), in the near future those borrowers seeking FHA loans will have to pony up larger down payments (up from the current 3.5%) and have higher credit scores. From the L.A....
It seems that one of the most important lessons that the country’s builders learned from the past downturns was to immediately react when the market turned with generous incentives, price cuts and, over time, a dramatically scaled-down industry with...
According to the latest data from Hanley Wood (and included in my presentation at the BIS '09 "Town Square", which you can find here), new home sales in Orange County in Sep. 2009 were the same as in 2008, which could mean that we've hit bottom in new...