urbanexus

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    • Wed Oct 8th 08:56 AM | Rating: 0 0
      Commented on:
      The Debate: McCain's Insane Mortgage Proposal
      Helpful analysis on McCain's impulsive housing proposal. Thanks. As to taxes, both candidates have proposed significant cuts. McCain would leave 62% of filers with no Federal income tax liability. The figure for Obama's proposal is 63% (taxfoundation.org)
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    • Wed Aug 13th 10:47 AM | Rating: 0 0
      Commented on:
      As Mortgage Securities Disappear, What Will Replace Them? [Housing Tracker]
      Bank Stocks Drop Anew Amid Worry Over Falling Home Prices

      The recent price cutting of foreclosed properties held by financial institutions is good news. If individuals and investors continue to acquire these homes -- as now appears to be happening in Southern California, Las Vegas and Phoenix -- the overhang of foreclosed properties may be liquidated more quickly than previously anticipated. Once that happens, the residential markets can move toward recovery -- at lower price levels.

      The big question is when lot pricing will recover to levels where creating new improved lots makes economic sense. I don't have the answer to that but it may happen more quickly than many people think.

      Production home builders are getting their direct costs down into the high forty dollar per square foot range -- for smaller product than typically built in recent years. The lower direct costs will, at least in part, offset the lower retail house prices, leaving room to pay for fees and lot improvement costs and ultimately generate some residual value to land.

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    • Wed May 14th 09:20 AM | Rating: 0 0
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      NAR Home Sales Report Shows Some Nasty Declines
      One of the interesting things is how high cost metropolitan areas such as the SF Bay Area, where land use and environmental regulations are tight and the ratio of incomes to housing prices is high, have suffered relatively lesser declines as compared to nearby less regulated and lower cost regions such as Sacramento and Stockton. Is this because there was less sub prime activity in the high cost regions coupled with the perceived quality of life helping to stem declines in housing prices?
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    • Sat May 3rd 23:48 PM | Rating: 0 0
      Commented on:
      12 Observations on Residential Housing
      Very nice complilation of information!
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    • Sun Feb 10th 12:56 PM | Rating: 0 0
      Commented on:
      A Housing Bubble Within a Bubble
      The impact of boomers selling off will vary by region. High growth metropolitan areas will be less affected by the boomer sell off factor, because overall demand will be higher. Similarly, areas that are attractive to retirees will be less affected by this phenomenon.
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