Housing: Permits, Starts, Completions
For the crowd who are still clinging to the RE recovery meme, have a gander at these charts. Note that there are more new permits than starts, and more new starts than completions: Been Down So Long It Looks Like Up to Thee (Not Me) Click to enlarge: ˜˜˜ ˜˜˜ All charts via...
Will America Ever Recover From The Housing Crisis
Click for ginormous chart: Source: Bank Of The Internet
Existing Home Sales: Without Foreclosures, Prices Pop 10.1%
Source: Calculated Risk Existing Home Sales were released today. To back out the strong effect seasonality has on this data, we prefer using the NSA chart (above). Existing-home sales rose in April and remain above a year ago at a slightly better sales pace than April 2011, but they remains significantly lower than April...
Watch the Bounce
click for updated futures Good Monday morning. Following last week’s down 4% mess, markets are set to bounce. Investors are advised to watch the quality of this bounce to discern any insights about what the near futures might hold. Negative headlines have been driving sentiment issues — start with the Greek Exit (Grexit?...
Will Soaring Rents Lead To Higher Core Inflation?
Chicago Real Estate Daily – Rents rise again in sizzling downtown apartment market Downtown apartment rents hit another high in the first quarter, and more hikes may be in the offing amid a red-hot rental market. The average effective rent at top-tier, or Class A, downtown apartment buildings rose to $2.50 a square foot in...
Moving Averages and REIT Indexes [PREMIUM]
Does timing based on simple moving averages (SMA) work for U.S. Real Estate Investment Trust (REIT) indexes? If so, which moving average is best? In his March 2012 paper entitled “The Market Timing Power of Moving Averages: Evidence from US REIT ...
Chinese Property Giant’s Foreign ‘Tryout’
China Vanke is taking a 74% stake in Hong Kong-listed Winsor Properties Holdings, which has projects in Hong Kong and Singapore. The new interest in markets outside China raises a question: Is Vanke hinting that its view of the domestic Chinese market ...
Michael Olenick: WhaleMu – JP Morgan’s Next Surprise?
By Michael Olenick, creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick or read his blog, Seeing Through Data
In an admittedly strange twist of timing JP Morgan, the same JP Morgan that just announced a surprise $2 billion loss...
A Bottom in Housing?
Despite the fact that home prices are more affordable than ever -- the percentage of people looking to buy a new one remains near multi-decade lows -- Doesn't quite sound like "recovery" to me (but then again, what do I...
China Pulls Back on Second-Hand Flats in Hong Kong
For years, Chinese investors have descended on Hong Kong to scope out the latest high-end developments—gleaming projects with grand titles like The Dynasty and Bel-Air. Such waves of buyers have stoked anger among locals and fueled one of the world
Watching Icon of the Left Eric Schneiderman Morph into Administration Water Boy Tom Miller
Bear with me while I tell you a story from the 1980s.
Rent Or Buy ?
Via Mortgage Refinance: Click to see full graphic: > Source: Mortgage Refinance
