Archive for the 'Annual Recap' Category

The next shoe to drop: Homebuilder defaults?

By: Myles, June 6th, 2008

As reported by Wall Street Journal today, federal regulators warned that banking-industry turmoil would continue as financial institutions come to terms with piles of bad loans they made to finance the construction of homes and condominiums.
A New Phenomena: Until now, most of the damage to banks from the housing crisis has come from homeowners defaulting […]

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Dinosaurs, Tar Pits and Macklowe: Real Estate Today

By: Myles, May 23rd, 2008

Here is an absolutely fascinating analysis of the commercial real estate market as posted in Seeking Alfpha, entitled Real Estate: Modern Fundaments.
A Historical Analogy: As we think about the dominance of the dinosaur and the 40 plus million years they roamed the earth, there is a clear sense of power. It is all the more powerful […]

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The Home Finance data is a fall’in …

By: Myles, May 22nd, 2008

Applications for U.S. home mortgages, as reported by CNBC, fell to its second-lowest level of the year last week as interest rates rose, as the Mortgage Bankers Association (MBA) said in its seasonally adjusted index of mortgage application activity.
Name the category …. none of it is positive:

The number of applications for mortgages fell 7.8 percent […]

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Retail Real Estate, Good News

By: Myles, May 20th, 2008

As reported in the Baltimore Business Journal, nearly 450 new shopping centers were added this year, through May 10, 2008, according to the latest industry report by from the International Council of Shopping Centers.
Here are some interesting supplemental data (and factoids) regarding the commercial real estate sector (and the retail arena, specifically): 

The Big Picture: In 2008 there […]

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Prices are a falling …

By: Myles, May 19th, 2008

As reported by Forbes – prices for commercial real estate slipped more than 2 percent in March 2008 as it became tougher, to borrow money to buy property – Moody’s reported Monday, May 19, 2008:

SOME BAD NEWS: The Moody’s REAL Commercial Property Price Indices fell 2.3 percent in March from February 2008, the largest one-month decline since […]

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Q1 2008 >> The Credit Data is in …

By: Myles, May 6th, 2008

The news is certainly not good these days. The beginning of 2008 has not been pretty. Perhaps we can find a niche’ or some sort of viable approach that gets us the credit needed to move forward and do deals. 
I always believe that information is power, so here it is … unedited and unfettered …. 
As reported by Rex Nutting, Washington […]

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Indicia of future real estate deals: As LandAmerica goes …

By: Myles, April 30th, 2008

Here is yet another very significant indicia of the declining real estate market, as of April 2008, as reported by Inman News:
There has been a 28 percent decline in revenue which helped push title insurer LandAmerica Financial Group Inc. to a $24.2 million first-quarter loss, despite ongoing cost-cutting measures that include the elimination of the equivalent […]

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The $1.1 Trillion HELOC Problem

By: Myles, April 1st, 2008

There just may be an even scarier phenomenon approaching us on the financial and real estate horizon: HELOC’s.
Recently HoweStreet.com made several very interesting comments, in response to The New York Times’ enlightening article: Home Equity Loans as Next Round in Credit Crisis.
We at MarylandCommercialTitle.com believe that information is power. We hope you agree. These are […]

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Real Estate Market Trends: March 2008

By: Myles, March 20th, 2008

Mike Larson, in Money and Markets, examines the real estate marketplace in the U.S. and how neither commercial nor residential is ready for a turn around. Mr. Larson takes a closer look at the U.S. real estate markets and determines the troubles that might lie ahead.

On the Residential Front: There is not really any […]

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Homeowner Equity Below 50% for First Time Since 1945

By: Myles, March 7th, 2008

This is a historic time, in our financial markets. Americans’ percentage of equity in their homes fell below 50 percent for the first time on record since 1945, as reported on CNBC today.

Homeowners’ portion of equity slipped to downwardly revised 49.6 percent in the second quarter of 2007, the central bank reported in its quarterly […]

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