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Housing Market
Below is a fabulous article that was in the Wall Street Journal outlining why banks are extremely attractive investment right now, especially in relation to something like Commercial Real Estate. Much of this is due to the greatly distorted political environment in which the banks are still vilified for the Financial Crisis that ended 7...
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Finally some snail steps towards progress on defining what a “qualified mortgage” is.  There is very little mortgage origination going on, which people don’t fully comprehend because it is overshadowed by the enormous amount of refinancing.  It is essential that there are clear and strong regulations on mortgages but it is really important for these...
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This author hit it on the nail as Sandy Weill is missing the point by wanting to break up the big banks.  The companies that have costed taxpayers the most money are Fannie Mae and Freddie Mac.  The two largest banks that failed were Lehman Brothers and Bear Stearns which were two investment banks without...
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New home sales were disappointing today at a 350,000 annual rate which missed expectations for 372,000.  I can’t say I’m shocked to see these numbers as it is obvious that the economy has slowed down a bit particularly in the area of job growth.  One of the problems that led to disappointing numbers actually could...
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There were positive signs in the data for pending sales of U.S. homes and durable good orders, which are a welcome relief from the recent data which has been quite poor.  There is no doubt that if the U.S. economy is to outperform expectations housing will be a key cog in doing so.  Sentiment amongst...
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The housing market continues to show slow but solid improvement with single family starts rising by 3.2% from April on a seasonally adjusted basis.  While I don’t believe that housing starts or building permits are the best indicators for housing recovering as those numbers are more indicative of new construction.  The key to lifting housing...
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The data pertaining to the housing market continues to be strong.  Morningstar offers some nice commentary in regards to this.  Inventories are declining rapidly particularly for new homes.  This should bode very well for the financials and the mortgage market in general. http://www.morningstar.com/Cover/videoCenter.aspx?id=555138 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR...
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With every data point it is becoming more obvious that the housing market is recovering and the implications are massive.  While everybody is focused on Europe for the third year in a row, new single-family homes sales moved up 3.3% from March to a seasonally adjusted annual rate of $343,000.  Housing as been in a...
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We’ve been pounding the table that the housing market has bottomed in the United States, and we received further evidence today with purchases of previously owned houses increasing 3.4% to an annual rate of 4.62 million.  The market is seeing larger purchases get done and is becoming less needy for all cash transactions.  Record low...
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Here is some further evidence that the real estate market is coming back as high end houses are seeing increasingly robust demand from buyers.  While the high end of the market is more insulated from the pricing pressures such as short sales and foreclosures that are plaguing the main stream market, it is important to...
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