Archive for July, 2009
New Home Construction – Why?
July 27th, 2009
Why is there such a concern for the new home construction industry? Rampant speculation in home building in Utah, Florida, Nevada, California and Arizona created many paper millionaires and drove prices so far out of whack for the vast majority of people in those states. With both new and existing home inventories vastly greater than the number of people able to afford to buy them why should anyone be concerned with the developers that caused the problem in the first place?
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Investment property
July 22nd, 2009
Investment property may be an oxymoron in this day and age. With real estate markets across the country going in the tank and showing 10, 15 and 20% declines month over last year’s same month, how can anyone speak about investment properties? It is in this marketplace, in this day and age, in this economy that profits are to be made and good properties to be found.
Commercial Real Estate
July 21st, 2009
Commercial real estate hasn’t been exempt from the current economic downturn. While commercial properties in highly developed areas like New York, Hong Kong, San Francisco, Chicago and Los Angeles are holding value (no space to build competing properties), their values have not been increasing as they did during the speculative years that saw housing climg frantically in certain “hot” markets.