Economy

Commentary

Short Term Long Term Deep Pockets and Dinghies On Small Docks

by Jeff Brown | June 29, 2010

When Grandma spoke we listened. She was tempered steel wrapped in GrandmaSpeak. Tough? Around our family, nobody, at least out loud, claims real toughness, as the standard set by Grandma is something for which we only strive. One day I was whinin’ about an upcoming American History test. She asked if I was prepared to [...]

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Economy

Europe’s Bad News Apparently Good News For U.S. Mortgage Rates!

by Charles Feldman | May 24, 2010
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Surprise, surprise. Now that Europe seems to be falling apart, economically at least, it appears as if its misfortune may be our fortune–at least when it comes to our real estate market. Mortgage rates have been falling, and some think it is due to the financial instability overseas. In case you haven’t noticed, rates are [...]

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Economy

Standard & Poor’s Economist: Housing Stabilized But Prices to Drop 5-6%

by Ryan Hinricher | March 29, 2010

Thursday, I attended Standard & Poor’s Market View of Credit Risk summit here in New York.   David Wyss, the Chief Economist of Standard & Poor’s was the keynote speaker giving an economic outlook for the remainder of the year and beyond.  Despite him commenting on the overall economy, he spent much of the presentation focused [...]

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Economy

The Shadow Inventory Debate

by Ryan Hinricher | March 22, 2010
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I’ve been tracking what people are saying about the shadow real estate inventory that many economists, real estate professionals, and bankers are frightened of.  Seems there’s some debate if the shadow inventory, will stymie the housing recovery. First the definition of shadow inventory is up for debate.  Depending on who you’re listening to it can [...]

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Economy

When the Fed Stops Buying MBS, How Will Rates Be Affected?

by Ryan Hinricher | March 15, 2010
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The Federal Reserve’s purchase of Mortgage Backed Securities (MBS) is scheduled to end on March 31st.  A few weeks ago I wrote that there was some talk of extending this program.  It seems as though most signs are pointing to the market stepping in and taking the place of the Fed in these purchases.   The [...]

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Commentary

The American People and Hard Times

by Jeff Brown | March 9, 2010

I was born in the summer of 1951, one of those Boomers who’ve lived the transformation from simpler, more innocent times, to the hi-tech, instant everything, get outa da fast lane if ya can’t go 80, in-your-face 21st century. 1951? Maybe the best debut year in post WW II Major League Baseball, as both Mickey [...]

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Economy

NAR Chief Economist Comments on Housing

by Ryan Hinricher | March 8, 2010

Realtor Magazine recently interviewed NAR Chief Economist, Lawrence Yun.  Lawrence gave a glimpse into the recent decline in Pending Homes Sales, impact of weather on the real estate market, new home sales, and the ending of Mortgage Backed Security purchases by the Fed.   Here’s a recap of the interview. On Pending Home Sales January’s Pending [...]

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Economy

How Would a U.S. Treasury Default Affect You?

by Brian Brady | February 26, 2010

You gotta be thinking about this…at least I hope you are.  If you’re an investor with any portfolio of substance, the unrest associated with the financial institutions was nothing compared to what the sovereign debt default continuum might bring.  Here’s how I see it playing out: Sovereign debt is going to default en masse. Greece [...]

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Economy

Fed Lays Groundwork for Higher Rates with Unexpected Hike

by Ryan Hinricher | February 22, 2010

Maybe it was only symbolic move.   On Thursday, the Federal Reserve hiked its lending rate for emergency bank loans known as the “Fed Discount Rate” from .5% to .75% in an off-cycle meeting.   While this rate affects little in the day-to-day bank-to-consumer lending, the Fed could be prepping us all for changes in its easy [...]

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Commentary

The Economic and other Forces Impacting Your Real Estate Business

by Peter Giardini | February 11, 2010

It seems that everywhere you look now days the news stories, regardless of their source, provide nothing but conflicting points of view regarding the economy and where it is heading. Prices are up, sales are down.  We’re at the bottom… no it’s going to double-dip.   Credit is available… no it’s not! As a real estate investor, I am [...]

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Economy

Grandma Was Right – Especially About the Farmer and His Mare

by Jeff Brown | February 9, 2010
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Grandma was a saint. I’m bettin’ most reading this share that opinion about their grandmas. The older I get, and the more experience I acquire (endure?), the more I’ve come to realize what an incredibly wise woman she was. She was also the only person who’d address me as Jeffrey Scott without me cringing, wondering [...]

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Economy

Where Have All The Houses Gone? Can we Fix the Growing Shadow Inventory Problem?

by Brian Brady | February 5, 2010

If you know who Pete Seeger is, you’ll recognize that I’m about to pirate the song he sang about the cyclical nature of war.  Hang in there.  I promise I’ll tie this into real estate investing. Where have all the houses gone? Gone off balance sheet, every one. When will they ever learn? When will [...]

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Economy

Last Week’s Ugly Economic News Reveals Bright Spots

by Ryan Hinricher | February 1, 2010

Last week, a media storm took place with the large drop in existing home sales.  The drop of 16% seemed to shock everyone who was predicting only a 10% decline after the expiration of the initial home-buyer tax credit.   Right after this, the numbers came out on new home sales, which painted an even bleaker [...]

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Economy

Housing Permits Up 30% Over April 2009. Will Builders Stifle Recovery?

by Ryan Hinricher | January 25, 2010

I’m starting to hear the phrase, “pent-up demand” a lot from various investors, real estate professionals, and builders.  I started thinking a bit more about this and what’s in store for this spring in the housing industry, and more specifically in the new construction industry.  New construction is something I have limited experience with.   However, [...]

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Economy

Real Estate Thought Leaders at Inman Connect, Comment on Economy

by Ryan Hinricher | January 17, 2010

I was fortunate enough to attend the Inman Connect real estate conference over the last week in New York.  Although I attended in San Francisco last summer, this year was different for particularly one reason.  The mood was optimistic.  The last 12 months has been hard on many of us in the real estate business [...]

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