Existing Home Sales Are Fantastic!
Existing Home sales were released today, and the data was soft. The WSJ reported "Existing-home sales in the U.S. fell in December,...
Real Consumption versus NAHB Sentiment
I spoke with Hugh Moore of Guerite Advisors over the weekend. Hugh has sent this chart over, and I found it worth sharing (I’ll...
More Evidence of the Housing Bottom ?
Earlier this morning, we discussed some of the more hallucinogenic forecasts of the NAR (Home Prices Seen Rising in ’07). As if on...
NAR: Home Prices Seen Rising in ’07
"After bottoming in the fourth quarter of 2006, existing-home sales are forecast to gradually rise through 2007 and into 2008, while...
Phantom Rebound in the Housing Market
Dan Gross had a good Sunday Times piece on a favorite subject of ours: The Phantom Rebound in the Housing Market. Not surprisingly, it...
Residential Investment
In the comments of a prior post, a reader (Sailorman) asks: if housing is having heartburn while the general economy is still relatively...
RE Speculation on Long Island
On New Year’s Eve Day, I was visiting my kid brother’s family. They live in the fictional town of Suburbia, Long Island. The...
Economy poised to shake off housing slump (except Lennar)
The WSJ reports that the U.S. Economy is poised to shake off the housing slump and regain momentum by year’s end. That’s...
The Daunting Overhang of Unsold Houses
One would have thought that after the Frontline piece, we’d give Real Estate a rest for a while. But no, we can’t leave well...
Real Estate and the Post-Crash Economy
John Mauldin took the weekend off, so I offered up the most recent Market Commentary from RR&A as a guest piece: Real Estate...