Monday Morning Real Estate Reading

Housing Monday Morning Real Estate Reading

Debunking the Housing Recovery Story (Part 1 of 5) - Barry Ritholtz

Ahhh, Spring is here. Each year around this time, the flowers push up through the soil, the trees begin to bud — and the Real Estate recovery stories start to appear.

It is a perennial rite of Spring, not remotely slowed down by such niggling factors as consistently being wrong year after year, unsupported by data, and ignoring key factors that strongly suggest “Not this year.”

All this week, we are going to review the many factors that are overhanging residential housing. Each of the following 5 factors will be discussed. By the time Friday rolls around, I expect you will be looking at those calling for a Housing recovery a bit more skeptically.

How the Internet (Yes, the Internet) Can Solve the Housing Crisis – The Atlantic

(interesting article but bad title. This has nothing to do with the actual housing crisis.)

Spain Record Home Price Drop Seen With Bank Pressure – Bloomberg

Australia Housing to Drag on Growth - WSJ

Foreclosures Give Rise to New Industry - WaPo

Ken Major climbs the steps of a county courthouse in a San Francisco suburb with $500,000 in cashier’s checks in one hand and a list of addresses in the other. Major is a buyer for Waypoint Real Estate, an Oakland-based investment firm that is scooping up foreclosed homes in California.

On this afternoon, he joins a dozen house flippers as an auctioneer starts hawking the latest batch of defaulted properties to hit the market. Major bids on a three-bedroom house in Antioch, and after other buyers counter, he wins at $147,600.

Economy

Senior citizens continue to bear burden of student loans – WaPo

Rethinking How We Teach Economics – NY Times

Euro-Region Unemployment Surges to Highest in More Than 14 Years – Bloomberg

How Americans spend money, compared with other countries – Ezra Klein

In short: Americans appear to spend more than their peers on housing, transportation, and health care — and we spend far less on clothes, food, and booze.

Misc.

Prefab firm says it’s a pioneer in homebuilding - OC Register

The suicide magnet for the world and for Contra Costa – Crazy in Suburbia

Is sugar toxic? - CBS

This entry was posted in Macro Trends and Analysis on by .

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Greg Fielding

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About Greg Fielding

I am a longtime real estate agent who has pretty much seen it all during the housing boom as bust. With experience in selling high-end property and low-end foreclosures, raw land, short sales, development work, apartment buildings, and working with investors, I bring a well-rounded perspective to my work.I also have started to do some paid real estate consulting. If you have questions or just need some good real estate advice, book an appointment at http://whattodorealestate.com/In addition to selling real estate, my insights have been featured in The New York Times, The Big Picture, and regularly on Patrick.net. I have also done consulting work with ForeclosureRadar.Starting my career, in 2003, I have sold homes throughout Alameda and Contra Costa counties, specializing in Danville, Alamo, Blackhawk, San Ramon, Dublin, Pleasanton, Walnut Creek, Lafayette, and Orinda. I live in Danville with my three kids.


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