OC Register - "O.C. office market may be taking a 'breather'" (12-6-06)
"Analyst says it's still robust, but Casden forecast indicates it's first in area to show signs of easing."
Wednesday, December 06, 2006
OC Register - "A builder's take on the market" (12-6-06)
"Local homebuilders are facing both skittish buyers and eager buyers who can't sell their current residences so they can afford to move. It's a tough situation. To see how builders are juggling the challenges, we asked Mike Forsum, the western regional president at Taylor Woodrow Homes, for his insight into real estate conditions. To read the full interview, go to: blogs.ocregister.com/lansner."
"Local homebuilders are facing both skittish buyers and eager buyers who can't sell their current residences so they can afford to move. It's a tough situation. To see how builders are juggling the challenges, we asked Mike Forsum, the western regional president at Taylor Woodrow Homes, for his insight into real estate conditions. To read the full interview, go to: blogs.ocregister.com/lansner."
Tuesday, December 05, 2006
Real Estate Journal - "Pending Home Sales Tumble; Indicating Softening Market" (12-5-06)
"The National Association of Realtors' index for pending sales of existing homes decreased at a seasonally adjusted annual rate of 1.7% to 107.2 from September's 109.1, the industry group said Monday. Its index, based on signed contracts for used homes, was 13.2% below the level of October 2005."
"The National Association of Realtors' index for pending sales of existing homes decreased at a seasonally adjusted annual rate of 1.7% to 107.2 from September's 109.1, the industry group said Monday. Its index, based on signed contracts for used homes, was 13.2% below the level of October 2005."
CNN - "Late payments on high-risk loans jump" (12-5-06)
"This year is on track to be one of the worst ever for subprime loans, with 80,000 borrowers behind on payments, newspaper report says."
"This year is on track to be one of the worst ever for subprime loans, with 80,000 borrowers behind on payments, newspaper report says."
CNN - "Home builders see bottom of housing slump" (12-5-06)
"Luxury home builder reports sharply lower earnings, sees another plunge in fiscal '07, but says slump may be near bottom."
"Luxury home builder reports sharply lower earnings, sees another plunge in fiscal '07, but says slump may be near bottom."
NAR - "Pending Home Sales Indicate Market Stabilization" (12-4-06)
"Pending home sales are hovering in a narrow range, another indication that a stabilization is occurring in the housing sector, according to the National Association of Realtors®."
"Pending home sales are hovering in a narrow range, another indication that a stabilization is occurring in the housing sector, according to the National Association of Realtors®."
Real Estate Journal - "Rate of Home-Price Increases Falls To Slowest Pace in Eight Years" (12-4-06)
"U.S. home prices grew at an annual rate of 3.5% in the third quarter, the slowest rate of price appreciation seen in eight years, the Office of Federal Housing Enterprise Oversight reported Thursday."
"U.S. home prices grew at an annual rate of 3.5% in the third quarter, the slowest rate of price appreciation seen in eight years, the Office of Federal Housing Enterprise Oversight reported Thursday."
Bloomberg - "Unemployment Rate Edged Up in November: U.S. Economy Preview" (12-3-06)
"The unemployment rate crept higher in November and job growth fell short of the year's average, signs of a slowing U.S. economy, according to forecasts ahead of a government release this week."
"The unemployment rate crept higher in November and job growth fell short of the year's average, signs of a slowing U.S. economy, according to forecasts ahead of a government release this week."
OC Register - "Housing's mixed signal no big deal" (12-3-06)
"Depending on who's counting, you read this past week that Orange County home prices are either: Down 2.9 percent in the year ended in October, or up 11.3 percent in the year ended in the third quarter."
"Depending on who's counting, you read this past week that Orange County home prices are either: Down 2.9 percent in the year ended in October, or up 11.3 percent in the year ended in the third quarter."
OC Register - "Ameriquest Mortgage sale rumored" (12-3-06)
"Analysts say ACC Capital of Orange, formerly the top subprime lender, is looking to sell all mortgage operations."
"Analysts say ACC Capital of Orange, formerly the top subprime lender, is looking to sell all mortgage operations."
Yahoo! - "Distressed Real-Estate: Priced to Sell" (12-1-06)
"Rising Home Foreclosures May Create Opportunities For Investors Buying in '07"
"Rising Home Foreclosures May Create Opportunities For Investors Buying in '07"
Yahoo! - "Construction Activity Drops in October" (12-1-06)
"October Construction Activity Plunges by Largest Amount Since 2001 Recession"
"October Construction Activity Plunges by Largest Amount Since 2001 Recession"
LA Times - "Optimism is rising on housing market" (12-1-06)
"Data have a growing number of analysts saying the worst may be over for the sector."
"Data have a growing number of analysts saying the worst may be over for the sector."
CNN - "Home prices still getting weaker" (11-30-06)
"First time in six years that any state reported prices falling over a 12-month period, government agency says."
"First time in six years that any state reported prices falling over a 12-month period, government agency says."
AEI.org - "Housing and American Recessions" (11-30-06)
"A weak housing sector has accompanied every American recession since 1965, but not every episode of housing weakness has accompanied a recession. An annual drop in the growth rate of residential investment (a good measure of homebuilding activity) of more than 10 percent has coincided with a recession five of the seven times it has occurred since 1965. (In 1967 and in 1995, declines in residential investment occurred without a recession.) A significant drop in residential investment therefore appears to be a necessary condition, but not a sufficient condition, for a U.S. recession."
"A weak housing sector has accompanied every American recession since 1965, but not every episode of housing weakness has accompanied a recession. An annual drop in the growth rate of residential investment (a good measure of homebuilding activity) of more than 10 percent has coincided with a recession five of the seven times it has occurred since 1965. (In 1967 and in 1995, declines in residential investment occurred without a recession.) A significant drop in residential investment therefore appears to be a necessary condition, but not a sufficient condition, for a U.S. recession."
North County Times - "October housing starts fall by half; San Diego, Riverside counties drive statewide construction slump" (11-30-06)
"Hoping to avoid flooding the market with a glut of new homes, builders in San Diego and Riverside counties started construction on half as many single-family houses in October as they did in the same month a year earlier, a new California Building Industry Association report shows."
"Hoping to avoid flooding the market with a glut of new homes, builders in San Diego and Riverside counties started construction on half as many single-family houses in October as they did in the same month a year earlier, a new California Building Industry Association report shows."
CNN - "BofA: Homebuilding picture better" (11-30-06)
"Analysts cite outlook for affordability and increased buyer traffic in upgrading sector."
"Analysts cite outlook for affordability and increased buyer traffic in upgrading sector."
North County Times - "Home sales dropped 19.2 percent last month" (11-29-06)
"Home sales in the San Diego region decreased 19.2 percent last month compared to the same period a year ago, while the median price of an existing home was down 4.5 percent to $574,530 from $601,850 in October 2005, a Realtors group reported today."
"Home sales in the San Diego region decreased 19.2 percent last month compared to the same period a year ago, while the median price of an existing home was down 4.5 percent to $574,530 from $601,850 in October 2005, a Realtors group reported today."
Market Watch - "October's new-homes sales off 3.2%" (11-29-06)
"Median sales prices up 2% in the past year"
"Median sales prices up 2% in the past year"
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