The only thing better for an economic recovery than an infusion of government subsidy is a ton of new jobs, or in this case six-tons. According to a recent article, MGM Mirage & and Infinity World Development Corp, a subsidiary of Dubai World, will be opening CityCenter this December on the Las V
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09/22/2009
Boom in Single Family Residential Rentals Homeownership Rate Q2-2004 Q2-2009 Change United States 69.2% 67.4% -1.8% Northeast 65.4% 64.3% -1.1% Midwest 74.2% 70.5% -3.7% South 70.9% 70.0% -0.9% West 64.5% 62.5% -2.0% Data Source: U.S. Census Bureau Nationwide, home ownership peaked Q2 of 2005 a
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09/20/2009
A few hours ago, I wrote San Diego Single Family Detached Homes - Sales Rate Drops Precipitiously in August 2009. We just saw about a 20.6% decline in sales from July to August 2009. But, I included the speculation that the decline is less a sign of disinterest but rather lack of inventory. In
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09/11/2009
A 20.6% decline in the rate of sales between July and August 2009 for Single Family Detached Homes in San Diego is about as sharp a decline as we may ever see. As one measure of the health of our housing industry, what does this information tell us? We can see that a July to August decline is fa
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09/11/2009
Especially in the wake of HVCC, we frequently hear laments that the appraiser killed a deal, or variants thereof. Can we all back up a moment here and understand what is / is not going on? We often hear something along the lines that the fair market value of a property is the price that a willin
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08/31/2009
The following is a good read on what is going on in the credit reporting world http://www.marketwatch.com/story/new-fico-model-may-boost-some-borrowers-scores-2009-08-24?siteid=nwhpf The short is that the FICO scoring system has been revamped to attempt to better predict risk. "Ulzheimer said. B
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08/24/2009
Originally posted at Global Edge, Friday, August 21, 2009, http://www.globaledge.co.uk/news/google-caffeine-to-impact-overseas-prope-33988 and reposted by Inman News, http://www.inman.com/opinion/guest-perspective/2009/08/21/google-caffeine-impact-overseas-property was an article on the next gene
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08/24/2009
As anyone whose read any of my posts by now has figured out, I'm quite the data geek. My wife would leave off the "data" adjective. Anyway, I came across a site, http://www.zipcodeguy.com/blog/free-zip-code-database/, that might prove useful for anyone wanting a database of zipcodes. Yes - th
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08/19/2009
The San Diego Residential Real Estate Market is down to one month of inventory in most price ranges for single family detached homes and down to three months of inventory for attached homes. Is inventory a "cause" or an "effect" or a little of both? Anyone who is active in the market already kno
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08/19/2009
A month ago I posted that San Diego Residential Real Estate Sales Volumes are "Normal". Although accurate (we are within 1-sigma of average sales volumes), it did not address our shrinking inventory. That lack of inventory driving our supply and demand behavior, has pushed prices up. The follo
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08/18/2009
