property

On the same day that the worst economic growth numbers in the U.K. in 51 years, we also get some news that the British economy may be stabilising. Well, at least house prices seem to be stabilising as Nationwide reported a 0.9% increase in…

Actually, I lied.  He really is not that bullish at all.  But he does sound relatively upbeat by comparison to 5 months ago. I have seen Whitney Tilson of T2 Partners a lot in the media of late.  The two most recent…

If you thought house prices were about to show some price gains, think again.  The Case-Shiller Home Price Index for March 2009 was released this morning and it paints a fairly grim picture.  The Composite-10 index shows an18.6% decline in…

When you think about property, you should really be looking at its worth as the present value of future cash flow streams.  This is true for residential, commercial, rental or travel property.  One reason is that property is fungible,…

This video seems to be making the rounds. I saw it over at Calculated Risk first. The video shows new homes in Victorville, CA, just south of LA, being destroyed because it costs more for the banks to keep them up than to demolish them.…

The first bank nationalization in German history is about to take place. At issue is Hypo Real Estate (HRE), a troubled Munich-based company that lends to commercial property developers and to build offices, hotels, roads, airports, you…

After a blip in the data last month, Nationwide is reporting that U.K. house prices have resumed their fall.  However, for the second month in a row, the annual price fall has slowed.  In March, the fall was 15.7%. This month we see only…

You might find some analysts looking for some green shoots in the just released Case-Shiller Home Price Index.  For instance, the year-on-year change in house prices showed a slower decline in the latest month (February) than in the…

The Bloomberg video below makes it seem that Whitney believes the stress tests are a sham. She says the tests are a theoretical exercise whereby banks ask: "what will our earnings power be in two years after we sell off these 'toxic'…

House prices increased in March in the U.K. according to Nationwide Building Society. Below is what Nationwide's Chief Economist Fionnuala Earley had to say about this surprise good news: “Spring brought a surprise bounce to house prices…