Posts Tagged ‘Wells Fargo’Housing Isn’t Really DeadThis article first appeared on Minyanville. A piece in this weekend’s New York Times contends that the golden era of real estate is over. The author, David Streitfeld, argues that for the foreseeable future (and possibly forever), a home will simply be four walls and a roof, ceasing to be the lucrative financial investment it’s [...] Around the Bay: Local News BitesThis post first appeared in the June edition of: Cirios Trends: In Search of Real Estate Opportunities. Toyota Gets Long Electric Cars (San Francisco Chronicle) Toyota Corp. is plunking down $50 million to help Tesla Motors restart the recently shuttered Nummi auto plant in Fremont. Tesla is hiring 50 staff per month to get the [...] The State of the Markets: A Decade in FluxThis post first appeared in the SPECIAL EDITION: Cirios Trends: A Decade in Flux The books are officially closed on a decade which will be remembered for an historic real estate boom in the United States that busted in spectacular fashion, nearly taking the entire world financial system down with it. Of course, the real [...] Housing Perspective: July Homebuilder SentimentThings are looking up for US homebuilders — or at least they think so. The National Association of Homebuilders/Wells Fargo Housing Market Index registered a 17 this month, its highest level since September of last year. The measure jumped from 15 in June, after hitting a low this past March of a measly 9. Anything [...] Housing Perspective: June Homebuilder SentimentHomebuilders remain cautious, as rising mortgage rates and persistent unemployment weighed on hopes for a speedy recovery in the battered housing market. Today’s National Association of Home Builders/Wells Fargo index of builder confidence fell to 15, down from 16 last month, according to Bloomberg. Analysts expected the reading to come in at 17. The NAHB [...] |