April 26, 2009
It used to be that certain states were considered by economists as bellweather indicators of trends to come. Since the recession has been so wide spread across the nation, the usual platitudes, "so goes California or so goes Atlanta, so goes the country" don't have the same meaning.
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April 09, 2009
This was provided to us, courtesy of Dr. Sam Chandan, President and Chief Economist, Real Estate Economics, LLC.
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April 03, 2009
The employment situation report was released this morning and predictably, especially if you follow the ADP forecasts, the March numbers are disappointing. According to the establlishment survey, employment fell by 663,000 jobs and unemployment based on the household survey climbed to 8.5%.
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March 23, 2009
There is a general misunderstanding about the federally approved program to buy the so called toxic assets. The misunderstanding is that CMBS, CDOs, CMOs and other more exotic instruments are somehow a commodity, and that the underlying collateral is identical between the pools.
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March 21, 2009
I recently returned from the National Association of Home Builders Pillars Multifamily program at the Hotel Del Coronado, in San Diego. What I found almost amusing was the unsubstantiated optimism on the part of of some of the attendees.
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