A hat-tip to Deano for directing me to the following story about growing mortgage stress amongst first home buyers in Australia. Unlike the rest of the world Australia did not undergo a sizeable correction in home prices as a result of the misguided po…
Ariel Fisher, a co-member of the Corporate Real Estate Group on Linkedin asked the question: "How close is the real estate industry to hitting bottom?" And what do you think is the number one sign that we’ve reached that point and are on our…
You know the thing that scares me the most about the government wanting to run our healthcare system?[More...]
The California real estate market continues to exist under the dark clouds of increasing foreclosure, bank phantom inventory and growing unemployment. In spite of these factors, the state managed to produce some very positive results in the larger mark…
There’s nothing like a great performance graph to grab my attention.My colleague Richard Wendling just created one that contrasts his "Model Portfolio" results versus the DJ Industrial Average, the S& P 500 and the Nasdaq over the past 36…
As the world was coming to an end in March of 2009, REITWrecks wrote a rather forward-leaning post entitled REIT Stocks: 4 Ways to Play the Carnage. REITs have rallied strongly since then, and even more strongly since Direxion launched its new levered …
Now that’s one big fat "oops":
Sales for the third quarter were $2.0 billion versus $2.1 billion last year. Comparable store sales decreased 5.8%. For the third quarter, excluding non-operating items, adjusted EBITDA was $36 million versus $…
The Chinese central bank surprised the markets last week by raising the interest rate slightly on its three-month bills from 1.3280% to 1.3684%. This is the first rate increase since August and signaled an effort by Beijing to reduce asset-price inflat…
Of all the independent institutional research that I receive, some of my favorite comes from Justin Mamis, a veteran of all the financial wars we’ve seen over the past five decades.
No one covers the residential housing market like Calculated Risk and he has been doing a great job of following what appears to be mounting concern about the Fed withdrawing from the MBS market. Tonight he has a compendium of thoughts on the subject, …