A Land Advisors Company
Must Read US public pensions are taking on more risk via opportunistic real estate investments in a very mature part of the cycle in an effort to close massive funding gaps. I’ve seen this movie before. It generally ends poorly. Economy Occupational Hazard: Occupational licensing is an even bigger barrier to employment than commonly thought. […]
Must Read: With the housing market slowing, builders have resorted to offering everything from 6 figure price cuts to free vacations and broker incentives to lure buyers and move inventory. The housing industry will likely be a headwind to GDP in the near and intermediate term. However, it’s recovery was so lackluster that economists are […]
Must Read: For the third quarter of 2018, banks reported easing their standards on most categories of residential real estate loans, even while experiencing weaker demand for the products overall, meanwhile standards and demand for auto and credit loans remained unchanged. Economy Warning Sign: Goldman Sachs is projecting that the US economy will slow to a […]
Must Read: The City of San Francisco is highly reliant upon development fees on new market rate residential developments to fund it’s affordable housing initiatives. However, it is quickly running out of money for the initiative and finding out the hard way that continuously raising the inclusionary requirements for the percentage of affordable units in a […]
Must Read: Its becoming increasingly apparent that Amazon’s HQ2 search was a ruse with a predetermined outcome. Here’s how it all went down: Announce a nationwide (and parts of Canada) search for a 2nd headquarters Cities drop pants and offer billions in taxpayer subsidies and tax exemptions Collect tons of data to form the biggest corporate […]
Lead Story: A combination of rising interest rates, burnout from buyers and flat-lining rents have helped tamp down home buyer demand over the last six months in Seattle where home prices have fallen, thanks to a doubling in inventory over the past year. See Also: Las Vegas home inventory was up over 50% year over year […]
Lead Story: It’s been a while since we checked in on the mortgage originators to see what they are up to since rising rates have chocked off their refinancing pipeline. At the same time that slowing home sales are starting to hit purchase mortgage originations which are showing signs of topping out. For quite a while […]
Must Read: Rare antiques have gotten incredibly cheap, mostly because people spend almost all of their time in their kitchens and have little use for upscale living and dining room furniture. Another sign of how home design continues to evolve. Economy Low Leverage: The level of US household debt to GDP is still at an historically […]