Sales of existing homes rose 2.0% in July, to a 5.99 million seasonally adjusted annual (see top of first chart). Sales are up 1.5% from a year ago. Sales in the market for existing single-family homes, which account for about 88% of total existing-home sales, rose 2.7% in July, coming in at a 5.28 million […]
Overwhelming evidence points to the growth of the Southeast region CBRE’s recent US Development Opportunities 2021 report showed that, statistically, the region has been dominant and is forecast for continued growth over the next several years, with Atlanta, Orlando, Charlotte, Raleigh-Durham and Miami being near the top of most metrics. Reports from moving companies have […]
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, has said that the current uptick in inflation is temporary and he expects inflation to subside in 2022. Despite rising inflation, the Fed is not in an inflation-fighting mood. Powell’s view rests heavily on interruptions in the supply chain that have caused temporary […]
Sales of existing homes rose 1.4% in June, to a 5.86m seasonally adjusted annual (see top of first chart). Sales are up 22.9%t from a year ago. Sales in the market for existing single-family homes, which account for about 88% of total existing-home sales, also rose 1.4% in June, coming in at a 5.14m seasonally […]
Originally published January 2021. Real estate distress cycles generally offer rich pickings to investors, but that’s unlikely to happen this time – and here’s why. This article discusses the potential path for a distress cycle in US commercial real estate given today’s combination of central bank policies, investment product innovation and investor demand for commercial […]
“Videos posted on social media showed security agents and groups of soldiers beating up demonstrators on Sunday. Protesters ripped up portraits of Fidel Castro, while others destroyed police motorbikes and overturned police cars.” Those are the words of Wall Street Journal reporters Jose de Cordoba and Santiago Perez. Hopefully the video images downloaded from the streets of […]
If you are reading this, congratulations on surviving the latest Independence Day festivities, which our society somewhat arbitrarily celebrates on 4 July. Independence Day 2026 will mark the nation’s 250th ‘birthday’, but Americans that day may not party like it’s 1999. What will America’s quarter millennial/semiquincentennial look like? I vaguely recall the nation’s celebration of […]
Originally published 12 November 2020. As I write this, we still don’t know who won the presidency. It is, however, time to declare at least one winner. After almost sixty years of fighting, it’s clear that the War on Drugs is almost over and drugs have won. As the Associated Press reports, recreational marijuana has been […]
Suppose you lent someone $100 and when they paid you back they only handed you, say, $99 or $80. Would you consider the borrower to have kept his promise and contractual obligation? Or would you think that he had cheated you out of a part of the money you had lent him in good faith? […]
Sure, the sector suffered last year, but it’s overcome troubles before and will do so again. Real estate investment trusts, or REITs, were misunderstood for years after they debuted in 1960 – even for decades. When they were first written into law, they were little known and little appreciated. Institutional investors simply did not trust […]
