Second Half Of 2019 In Review
This is the selection of posts from the second half of 2019. I've focused on lending, US markets only and there's much more at each link to read. I'll have more in the comments below later. Thanks for dropping by.…
First Half Of 2019 In Review
This past year had a lot of important developments, so I wanted to do a year end summary. It turned out to have more than I expected so this installment will be the first half of the year, and I'll…
We Have This Expanding Inventory And There Just Aren’t Enough Buyers
A report from the Wall Street Journal. "Actor Bruce Willis and his wife have sold their country estate near Bedford Corners, N.Y., for $7.66 million, or 41% off its original listing price. The 22-acre property came on the market in…
What Was Clearly Not The Expectation That People Had, That’s Maybe Part Of What Happened In The End
A report from Wharton. "For most Americans, their home is their most valuable asset, so it makes sense to borrow against the equity to obtain cash. In lean times, that money can be spent on consumption, which keeps the economy…
Rather Than There Being A Housing Shortage, It Increasingly Looks Like The Pendulum Is Swinging In The Other Direction
It's Friday desk clearing time for this blogger. "For the fifth time this year, home prices in Ada County have reached record-setting highs. Even if it benefits him with higher commissions, Rick Gehrke, a real estate agent who sells in…
The Rock Stars Of The Real Estate Recovery And The Emerging Third Wave Of Distress
A report from DS News. "Foreclosure auction inflow data points to a third wave of post-recession distress building in late 2019 and early 2020. A total of 43,232 residential properties nationwide were referred to Auction.com in Q3 2019 for a…
It’s Sick Because It’s Done By Design
A report from the Dallas Observer in Texas. "Khraish Khraish is no longer in the low-rent landlord business. Three years ago, Khraish was among several large-scale landlords targeted by the former mayor and City Council in a campaign to drive…
Many Of These Boondoggles Have Already Been Built, And Many More Are Now In The Pipeline
A report from Crain's New York Business. "The market has changed since 2012, when Extell’s One57 tower in Midtown reached over $1 billion in purchases in six months, touching off the city’s luxury construction boom. Extell followed that Billionaires’ Row…
Supply Outstrips Demand And Sellers Have Yet To Acknowledge That Fact
A report from the Reno Gazette Journal in Nevada. "Although turning over houses at a profit was a popular strategy during Reno-Sparks’ housing rebound, flipping activity has cooled as home prices reached record highs. Since peaking at $420,500 in May,…
Five Percent Is Too Little And 50 Percent Is Stupid
A report from the Commercial Property Executive. "Does multifamily property management have a particularly weak spot right now which could be hit in case of a recession? Diana Batayeh, the CEO of Village Green: Building new apartments and improving existing…