By Peter Woodifield
Nov. 30 (Bloomberg) — Individuals with more than $800,000 to invest plan to increase their property holdings because they foresee better long-term returns than from stocks and bonds, according to a Barclays Plc global survey.
Twice as many people plan to raise their investment in commercial and residential property as intend to reduce [...]
By David Lynn, Ph.D.
Many market observers have pointed out similarities between the current downturn in commercial real estate and the downturn in the early 1990s. Both were preceded by an extended period of relaxed underwriting standards, excess capital chasing returns, significant cap rate compression, and steep increases in asset values. It is useful to compare [...]
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Moments ago, the U.S. House of Representatives voted by an overwhelming 403-12 margin to approve the Unemployment Compensation Extension Act (H.R. 3548) [...]
Austin Makes the Top of Yet Another Top 10 List!
Central Texas Economy In Perspective
by Beverly Kerr, Chamber Vice President of Research
Last week we looked at the release of September data for nonfarm payroll jobs for Texas and its metros and this week we have the release by the U.S. Bureau of Labor Statistics of that [...]
Austin releases unemployment data late, but we now have August figures for Austin, Texas, and the US. The unemployment rate, like other factors, points to the end of the recession and the beginning of a slow & steady recovery. We are expecting unemployment rates in Austin (along with the state and national rates) to continue [...]
Study Estimates Tax Credit Added 357,000 First-Time Buyers
By AUSTIN KILGORE
September 22, 2009 10:16 AM CST
[Update 1: Clarifies location of Campbell Communications]
A new study estimates the $8,000 first-time homebuyer federal tax credit resulted in 357,000 additional home [...]
Austin Business Journal – by Greg Barr
The Texas economy is predicted to begin a slow, steady recovery in 2010, according to an economic report released Monday.
After a small contraction in 2009, the state’s gross domestic product is expected to increase by 1.7 percent in 2010, aided in part by a surge in home sales, according [...]
Washington, September 24, 2009
Existing-home sales in August gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – declined 2.7 percent to a seasonally adjusted annual rate1 of 5.10 million units in August from a [...]
Recession ‘very likely over,’ Bernanke says
But Fed chief says economy not growing quickly enough yet to lower jobless rate.
FROM WIRE REPORTS
Wednesday, September 16, 2009
Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, but he cautioned that it would be many months before unemployment rates drop significantly.
Hopes [...]
Customer satisfaction with newly built, single-family homes is increasing after sagging in boom years.
By Les Christie, CNNMoney.com staff writer
Last Updated: September 15, 2009: 8:15 AM ET
NEW YORK (CNNMoney.com) — Builders may not be putting up as many houses as they did during the boom, but what they are building, they’re building better.
According to the J.D. [...]
