Posts Tagged ‘TOL’Homebuilders Add New Wing to Housing CrisisThis post first appeared on Minyanville. It appears even the embattled homebuilding industry is getting rosy-eyed, finding enough “green shoots” of economic recovery to stick their shovels back into the ground. In May, US builders broke ground on 17.2% more projects than in April, far exceeding analysts’ expectations. Work on new apartment buildings leaped, while [...] Keepin’ It Real Estate: Capitulation Now!This post first appeared on Minyanville. Finally, housing is starting to act like a market searching for a bottom. Well, sort of. In former boom states like California, Arizona and Florida, distressed sales are driving the local real-estate markets. After a near-complete evaporation of buying activity last year, buyers have been brought off the sidelines [...] Keepin’ It Real Estate: A Tale of Two MarketsBy ANDREW JEFFERY This post first appeared on Minyanville. Increasingly, US real estate is becoming a tale of 2 markets. In low-income neighborhoods, overbuilt suburbs, and other areas besieged by foreclosures, home sales are through the roof. Data released this week by MDA Dataquick, a real estate information service, show December 2008 sales in Southern California’s [...] Foreclosures Sting Even Best BuildersBy ANDREW JEFFERY This post first appeared on Minyanville. Foreclosure: It’s not just for those “subprime” people anymore. Besieged by collapsing home prices and frightened banks scrounging for cash, even the real-estate industry’s brightest stars are finding there’s no place to hide. According to the New York Times, small and mid-size homebuilders who thrived during [...] Keepin’ It Real Estate: Buyers’ Market? BewareBy ANDREW JEFFERY This post first appeared on Minyanville. Is it a buyer’s market? Ask most real-estate professionals the above question, and the response will almost certainly be an emphatic “Yes!” After all, they quickly explain, inventory levels are at all-time highs, sellers are desperate to get out from under their rapidly depreciating homes, and [...] Keepin’ It Real Estate: Homebuilders Facing ExtinctionBy ANDREW JEFFERY For as bad as things are in the housing market, it’s remarkable that none of the country’s big homebuilders have gone bust. The industry’s resilience is a testament to how much money the firms raked in during the boom. Just ask guys in charge. The Wall Street Journal reports many homebuilder CEOs [...] Keepin’ It Real Estate: Housing Crash to Reach NYCBy ANDREW JEFFERY This post first appeared on Minyanville. Constrained supply, continuous demand and wealth beyond imagining: There’s a reason New York City real estate is the most expensive in the country. Easy lending, a weak dollar and gobs of Wall Street money pushed already sky-high Manhattan property values into the stratosphere during the housing boom. [...] Gas Prices Effects On the HomeThis post first appeared on Minyanville. I came upon an interesting report out from Deutsche Bank on the effect high gas prices are having on home prices. Below are some highlights: Gas prices are up 167% in the last five years, 32% in the last year. Monthly gas expenditure is up to $519 in June [...] |