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Archive for February, 2009

Commercial Real Estate Lending and Leasing Updates

By: Myles, February 24th, 2009

Commercial Lending >> More than half of commercial real estate lenders expect loan production to go up in 2009, according to a survey by real estate services company Jones Lang LaSalle Inc.
In the survey, conducted earlier this month with 50 nationwide lenders

53 percent see more loans this year. The respondents included life insurance companies, […]

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A Very Negative Leading Economic Indicator

By: Myles, February 18th, 2009

The Architecture Billings Index (ABI) dropped to a historic low in January 2009.
Because there is typically a nine- to 12-month lag between an architect billing a developer and that developer spending money on construction, the billings index is considered a leading economic indicator of nonresidential construction activity.
AIA compiled the calculated January’s 2009 overall ABI rating […]

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TREASURY’S HOMEOWNER AFFORDABILITY AND STABILITY PLAN

By: Myles, February 18th, 2009

Today the U.S. Treasury announced what they call the Homeowner Affordability and Stability Plan, intended to stave off the mortgage and residential real estate crisis. Below is a quick and dirty outline of the plan. For a summary, review the Treasury’s Fact Sheet. For the Full Plan, check out all the details right from the […]

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Investor Update: Fannie Mae Multiple Mortgages, Same Borrower Policy

By: Myles, February 17th, 2009

Finally some intelligent movement when it comes to investment policy. Read the Fannie Mae official announcement .

This excerpt comes from the lead paragraph: “Fannie Mae is committed to providing financing opportunities for high-credit quality, bona fide investors. Experienced investors play a key role in the housing recovery.”

To that end, Fannie Mae will now finance […]

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Finally: Stimulus Package Highlights

By: Myles, February 13th, 2009

For better or worse, on Friday the 13th  — February 13, 2009 — Congress passed the American Recovery and Reinvestment Taxt Act of 2009 (a.k.a. The Stimulus Package). Learn which provisions were approved and where the opportunities exist. All politics aside, it’s now law. The goal now is to review it, and find out how to […]

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Stay tuned … An Historic Week

By: Myles, February 8th, 2009

You may have noticed. Recently, we have been sitting on the sidelines, and resisted putting up a post, and for good reason.
First, stories regarding real estate, and the economic catastrophe we are experiencing, have been so over saturated and so over reported,  I’m just not sure what value we could have added for you. But most importantly, we have […]

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