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Wednesday, October 24, 2007 3:40 PM

Economists weigh in on housing data

Before I link to an article in the Wall Street Journal Online Economists Blog, a few old jokes might set the plate so to speak. Someone becoming more of an old joke each day >>>>>>>>>>>>>>>> Q: Why did God
Posted by Howard Arnoff | 2 Comments
Wednesday, April 25, 2007 2:00 PM

Charleston real estate and the media perspective

From the front page of today's Charleston Post and Courier, the headline reads: For Sale signs on every corner We enjoyed the boom; now we have to deal with the slump. The real estate market is in its biggest decline since 1989. Here's how it
Posted by Howard Arnoff | 0 Comments
Monday, April 23, 2007 12:31 PM

The long term value of housing

I noticed an interesting point made by Nationally syndicated columnist Lew Sichelman regarding the long term value of housing. "Hang in there. Real estate is just the opposite of the law of gravity: What goes down almost always comes back up. It
Posted by Howard Arnoff | 0 Comments
Thursday, March 22, 2007 9:25 AM

United States Congress takes mortgage

The United States Congress takes mortgage companies to task for the subprime mortgage meltdown by inviting leading companies to testify as to what happened and why today. Catchy headline, don't you think? At any rate, and pardon me just a bit more
Posted by Howard Arnoff | 1 Comments
Monday, March 12, 2007 10:00 AM

Buying foreclosures

Charleston real estate buyers are looking to buy foreclosures today as the media relentlessly reports the slowing sales in the housing market and the problems in the subprime mortgage market. Clients of mine stumbled across an interesting property that
Posted by Howard Arnoff | 0 Comments
Tuesday, February 20, 2007 9:46 AM

Mortgage and real estate insanity

Last week I wrote about the potential for the subprime mortgage market meltdown. Let's correlate how the mortgage and real estate insanity over the past few years has impacted today's housing "bubble" (not) or correction (likely). Benjamin
Posted by Howard Arnoff | 4 Comments
Friday, February 16, 2007 8:54 AM

Subprime mortgage meltdown

The slowdown in real estate is seriously affecting the mortgage market with some suggesting a meltdown in the subprime sector. I've suggested recently that those who have adjustable rate mortgages that will reset resulting in a higher monthly payment
Posted by Howard Arnoff | 2 Comments
Thursday, February 08, 2007 10:04 AM

Perspectives on housing market

Different perspectives on the state of the housing market, an excellent article by a real estate agent, 3 economists weigh in on when housing will recover and HSBC, a large mortgage lender taking a massive write off to account for bad debts on subprime
Posted by Howard Arnoff | 2 Comments
Tuesday, January 30, 2007 4:03 PM

Statistics don't tell the true story

There’s a high level of chat and just as many opinions as to what the current state of the real estate market is. Has it hit bottom yet, is it going to get worse, have things turned around, where are prices going from here, what about new construction,
Posted by Howard Arnoff | 0 Comments
Friday, January 12, 2007 4:41 PM

2006 Charleston market statistics

The final numbers for 2006 are in and first I'll give you the statistics, then an analysis of the market trends in Charleston real estate. A quick preview, the 4th quarter was quite dismal, unit sales off 30% and available inventory up 67%. Month
Posted by Howard Arnoff | 0 Comments
Monday, January 08, 2007 9:37 AM

Real estate outlook

At the top of page 2 every Saturday in the real estate section of Charleston's daily newspaper, The Post and Courier, Kenneth Harney writes for the Washington Post about real estate matters. The Tide is Turning What's the shape of a post-bubble,
Posted by Howard Arnoff | 2 Comments
Thursday, December 21, 2006 8:49 AM

Bubble, not

An interesting article from Marketwatch on the housing bubble or lack thereof and perspective for 2007. The Charleston real estate market did not experience the huge increases of some of the really "hot" markets, unit sales will likely be off
Posted by Howard Arnoff | 0 Comments
Tuesday, December 05, 2006 10:44 AM

Bubble blogs

There is some very interesting blogging going on around the country regarding the housing bubble. You'll find links to 3 articles below, the first article is quite lengthy but important to read and you'll have to click on the read the entire article
Posted by Howard Arnoff | 0 Comments
Tuesday, November 28, 2006 3:10 PM

Median price vs Average price

With the media spotlight on housing prices across the country, I noticed the usage of median price used much more extensively than average price and wondered about the distortion that could be created. What is important to remember is that median price
Posted by Howard Arnoff | 1 Comments
Tuesday, November 21, 2006 3:41 PM

Buyers Market

New construction has been slowing dramatically as the national builders try to work off their excess inventory and cut back on the number of starts. Price declines in new construction are the inevitable result of incentives being offered to clear high
Posted by Howard Arnoff | 0 Comments