Despite Losses, Builder Shares Still Struggle
It’s hard to find a sector doing well Thursday, but homebuilders were among the poorest performers, led by Hovnanian Enterprises Inc ... by a report from Standard & Poor’s, which said more trouble could be in store for the builders, which could lead to more credit-rating downgrades if the situation doesn’t change. Builders Shares [more...]
Date: 2008-09-04 16:50:32
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July O.C. home pricing tumbles 28%
median selling price fell in the past year by 28%, worst yearly drop in DataQuick’s 20-year database. More ZIP data is HERE! ... fell by 43%. Builders sold 22% less new residences. Here’s more analysis of the July DataQuick report [more...]
Date: 2008-08-18 18:26:52
The Rich And Famous Are Joining The Joe Six-Packs
The Press Democrat reports from California. “After selling just 16 homes in an entire year, ... The Modesto Bee. “Modesto home builder Harinder Singh Toor hadn’t planned on being a landlord [more...]
Date: 2008-06-08 17:18:19
Swift Boater Keeping Blunt-Connected Committee Afloat
Randy Turner flagged an interesting pair of hefty campaign donations yesterday : Texas home builder Robert Perry, who bankrolled the Swift Veterans for Truth campaign that gunned down John Kerry's 2004 presidential campaign, is meddling in Missouri politics again. A 48-hour report filed today with the Missouri Ethics Commission, shows Perry and his wife Doylene donated $100,000 to the Seventh District Congressional District Committee. [more...]
Date: 2009-09-30 18:37:06
Why would anyone buy a home today?
From MarketWatch: Home buyers advised to look before they leap Fox-Pitt Kelton home-builder analyst Robert Stevenson said Wednesday he thinks this ... that now is great time to buy a home given low mortgage rates and falling home prices, we believe that for most homebuyers, the opposite is true,” Stevenson said in a report to clients. … “Buyers [more...]
Date: 2009-01-07 18:21:09
It's a bad time to buy a home
Analyst warns against buying homes now:Fox-Pitt Kelton home-builder analyst Robert Stevenson said Wednesday he thinks this year will turn out to be " ... a home given low mortgage rates and falling home prices, we believe that for most homebuyers, the opposite is true," Stevenson said in a report to clients. ..."Buyers who lose their jobs or who stay [more...]
Date: 2009-01-08 12:47:00
Foreclosures Are The Name Of The Game In California
The Press Enterprise reports from California. “Three years ago when Jeffrey Homes set out to build Villa de Madrid, a 98-unit condominium project in Hemet, Inland home prices were breaking records monthly. Condominiums were welcomed by local builders as the only way left to provide affordable homes to first-time buyers [more...]
Date: 2008-07-14 23:07:20
January 2009 San Antonio Realty Market Report
As of Friday, 2 January 2009, here’s what sellers and buyers need to know about San Antonio’s residential realty market ... prudent to diligently check out the incentives offered by the builders and particularly the loans ... based on the area’s high employment rate, population growth, and better-than-average price appreciation [more...]
Date: 2009-01-02 19:54:37
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