From the Experts…
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Builderonline.com
Blogs, October 2 - Foreclosures
Peaked?
Which do you want first, the good news or the bad news? Let's start with the
good news. We're at the tail end of a wave of subprime resets that has lifted
foreclosures to record highs this year. And as the surf goes out, it should
help builders forced into an uneven fight with foreclosures, which for all
their problems enjoy an unbeatable price advantage.
http://www.builderonline.com/blogs/postdetails.aspx?BlogId=thompsonsblog&postId=85200
The
Arizona Republic, October 1 - Prop
100
A yes vote would constitutionally bar the state, or any county, city or
government entity from collecting a new tax or fee on the sale, purchase or
transfer of a home or other property.
http://www.azcentral.com/news/articles/2008/10/01/20081001-guide.html
Market
Watch, September 30 - Home prices
falling faster in July, Case-Shiller says
Home prices in 20
major U.S. cities fell at a faster pace in July, sending home values down a
record 16.3% in the past year, according to the Case-Shiller home price index
released Tuesday by Standard & Poor's.
http://www.marketwatch.com/news/story/home-prices-falling-faster-july/story.aspx?guid=FA9E2E3B-97CB-4E29-9E73-9A52A3DF220A
Calculated Risk, September 30 - Case-Shiller
Price Declines by City
The following graph shows the price declines from the peak for each city
included in S&P/Case-Shiller indices.
http://calculatedrisk.blogspot.com/2008/09/case-shiller-price-declines-by-city.html
The
Arizona Republic, September 27 - Meritage
wins case against ex-leader
When Valley home builder Greg Hancock sold his business to Meritage Homes Corp.
seven years ago, it appeared to be a sweet deal. http://www.azcentral.com/realestate/articles/2008/09/26/20080926biz-meritage0928-ON.html
The
Arizona Republic, September 27 - State
gets $121 mil to fight foreclosure blight
Arizona will receive $121 million in federal funds to ease neighborhood
blight in areas affected by home foreclosures, the U.S. Department of Housing
and Urban Development said Friday.
http://www.azcentral.com/arizonarepublic/news/articles/2008/09/27/20080927biz-housing0927.html
The Arizona
Republic, September 26 - There's
a devil lurking in propositions' details
There are two propositions on the November ballot to limit state taxation and
spending. Even casual readers of this
column know that is something I customarily thump the tub for. However, both
propositions are problematic.
http://www.azcentral.com/arizonarepublic/opinions/articles/2008/09/26/20080926robb26.html
USNews.com,
September 24 - The Top 10
Foreclosure States (as of August)
From RealtyTrac, via The Real Estate Bloggers: Foreclosure filings—default
notices, auction sale notices and bank repossessions—were reported on 303,879
U.S. properties during the month, a 12 percent increase from the previous month
and a 27 percent increase from August 2007. The report also shows one in every
416 U.S. households received a foreclosure filing during the month.
http://www.usnews.com/blogs/the-home-front/2008/09/24/the-top-10-foreclosure-states-as-of-august.html
Inman.com,
September 24 - Federal plan 'a
disaster in the making'
The Treasury and Federal Reserve to date have doused financial fires at Bear
Stearns, Fannie Mae, Freddie Mac and AIG, taking a tough line in every case to
protect taxpayers. In the case of AIG, for example, the government has the
right to acquire a major equity interest in the firm as a quid pro quo for a
loan of $80 billion, and the CEO was forced out.
http://www.inman.com/buyers-sellers/columnists/jackguttentag/federal-plan-a-disaster-in-making
Forbes.com, September 24 - Economist:
Slow economic recovery for Phoenix area
After a real estate expert discussed
the shaky state of the real estate market, an economic development official
introducing the next speaker at a breakfast economic outlook conference on
Wednesday joked that serving Bloody Mary cocktails might be appropriate.
http://www.forbes.com/feeds/ap/2008/09/24/ap5466917.html
These are links to just some of the interesting articles we have read
about the real estate market recently.
The opinions expressed by these experts are not necessarily shared by
Ultimate Information Systems, Inc. If
you have “expert” links to share with your peers…Let us know.