builders

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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Housing

Builders Now Getting Screwed By Banks; Obama Must Deal With Plight Of Home Owners and Builders At Same Time

by Charles Feldman | January 21, 2009

We are officially in the age of Obama now The market was clearly waiting to hear more from the President on how he intends to fix the credit/housing crisis. And, since he really didn’t address it with any detail in his inauguration speech, investors drove the market way down yesterday. While many wait to see [...]

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Real Estate Law

Buying New Construction? Don’t let those builders push you around!!

by Joshua M. Marks, Esq. | October 29, 2007

From the concrete streets of metropolitan cities to the sprawling suburbs in most areas around the country, new construction is present in the form of townhouses, condominiums, single homes and the ever-so-popular “over-55 communities.” While many of these properties are esthetically impressive complete with over-sized family rooms, open kitchen areas, and every upgrade/option imaginable, there [...]

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Commentary

Real Estate Bubble Popping, Housing Starts and Building Permits Tumble

by Joshua Dorkin | November 17, 2006

CNBC is reporting this morning that US Housing Starts declined in October 14.6% to the lowest level in 6 years, while building permits were down a whopping 6.29%. Guests on the network, James Wilson and Jan Hatzius (Goldman Sachs Economist), predicted that housing will be a drag on GDP in ’07. Hatzius attributed the problem [...]

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Housing

Real Estate Speedlinking

by Joshua Dorkin | November 8, 2006

Phoenix home resale market down 41% from last year, but up slightly from previous month. Home Depot is offering a 10% discount this weekend to military personnel and veterans. Low interest rates have led to a surge in mortgage refinancing applications last week. One New Foreclosure Filing for every 1,122 U.S. Households. Two of the [...]

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Real Estate Market

Where is The US Housing Market Going?

by Joshua Dorkin | August 24, 2006

The Associated Press is reporting interesting data regarding the housing market. Does it point to an impending meltdown? You decide: “the U.S. Commerce Department reported Thursday that new home sales fell by 4.3 per cent last month to a seasonally adjusted annual sales pace of 1.072 million units. The decline was the largest since an [...]

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