Not a surprise … from the WSJ: IMF Draft Sees Greek Debt Reaching 129% of GDP in 2020 The International Monetary Fund now expects Greece’s debt to reach 129% of the country’s gross domestic product in 2020 … That is even further above the level most economists consider sustainable than previously thought, making it...
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This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for Feb 17, 2012. (table is sortable by assets, state, etc.) Changes and comments from surferdude808: As expected, the OCC released its enforcement action activity through mid-January 2012 this week, which contributed to several...
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The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long Beach in TEUs (TEUs: 20-foot equivalent units or 20-foot-long cargo container). Container traffic gives us an idea about the volume of goods being exported and imported – and possibly some hints about the trade report for January....
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“Geez, it’s almost there. If we could just get another 851,489 houses for sale in the market, we’ll have it juuuuuust right…” We released our February National Housing Report yesterday – “US Home Prices Already Climbing in February,” in which we highlight the role of declining active market housing inventory in this year’s home...
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One of the most exciting things about being a real estate investor is knowing what markets will produce the greatest long-term returns – especially while in the middle of a challenging housing market. In a down market, savvy real estate investors are eager to find out how they can best leverage their resources. And...
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CR Note: There are only a few areas where the MLS breaks down monthly sales by foreclosure, short sales and conventional (non-distressed) sale. I’ve been tracking the Sacramento market to watch for changes in the mix over time. (here was my post this morning: Distressed House Sales using Sacramento Data) Economist Tom Lawler sent...
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Earlier: • Summary for Week ending February 10th The key reports this week are January retail sales on Tuesday, and January housing starts on Thursday. The NAHB builder confidence report for February will be released on Wednesday. For manufacturing, the February NY Fed (Empire state) and Philly Fed surveys, and the January Industrial Production...
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Lots of headlines around the web today about what the Facebook IPO means to Silicon Valley real estate. They all get it wrong. The short answer is that the Facebook IPO will have essentially no impact on the Silicon Valley housing market. Why? Because the market is already hot and has weathered the housing...
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From HotelNewsNow.com: STR: Upper-midscale hotels top weekly gains Overall, the U.S. hotel industry’s occupancy was up 5.5% to 51.7%, its ADR increased 3.1% to US0.45 and RevPAR was up 8.7% to US.98. This is the weak season for hotel occupancy, but this is solid improvement over the same week last year. Note: ADR: Average...
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