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Here’s the meat from the commerce department’s July new residential sales report released yesterday.
Sales of new one-family houses in July 2009 were at a seasonally adjusted annual rate of...
Let’s try something different, take another path through the forest….
Close your eyes for a minute and imagine a Congress that will vote for its constituent’s behalf and their conscious. Imagine they will vote on the issue and not...
Absorption defined for the purposes of this chart as: Number of months to sell all listing inventory at the annualized pace of sales activity.
The absorption rate continues to improve from a bottom up, approaching the 10-year 10.0 month average for...
Source: VOX
There is a fascinating article by economists Wenli Li and Michelle J. White called Bankruptcy, mortgage default, and foreclosure which discusses how the change in US bankruptcy law (which occurred right in the middle of the period where...
For the past several years, John Cicero, my partner in our commercial appraisal venture Miller Cicero (hands down the best commercial appraisal firm in the NYC metro area), has been laboring in fits and starts to convey his views on commercial real...
There has been a widely followed case reported last week where a Suffolk County Judge, Jeffrey Spinner, erased a $525,000 mortgage by the same California bank that bought IndyMac from FDIC after it went under.
Its also about pushing literacy to the...
There’s a pretty interesting story on how money laundering might be making its way to the housing market on MarketWatch: Something to hide: The warning signs a money launderer wants to buy your home.
The story caught my eye after my son tried to...