Building Market Intelligence

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Passion Prevails

by John Burns Real Estate Consulting July 31, 2007

The public builders in our industry are reporting record writeoffs, yet many in our industry continue to view this downturn as temporary. Even more disturbing is the lack of effort we see among some firms to react passionately to save …

Our Favorite Markets

by John Burns Real Estate Consulting July 25, 2007

With so much doom and gloom in the market, we are going to focus on the positive this month. Here are our favorite markets. We are certain that there are great opportunities in almost every market in the country. Favorite …

The Truly Bearish Case Isn’t Playing Out

by John Burns Real Estate Consulting July 12, 2007

The real bears in this market believe housing will lead the economy into recession. Thus far, these bears are wrong. The housing market peaked in June 2005 and, two years into the downturn, economic growth is still positive. Unemployment remains …

Resale Home Prices Are Likely to Fall in Many Markets

by John Burns Real Estate Consulting June 27, 2007

We calculated how much prices would have to fall for housing costs (including mortgage payments, property taxes and down payments) to return to each market’s typical ratio of housing costs / income. We identified 10 markets where prices will have …

Lending Standards Toughest Since Early 1990s

by John Burns Real Estate Consulting June 11, 2007

Spooked by declining home prices and rising delinquencies/foreclosures, lenders are now becoming more restrictive when issuing residential loans, approaching levels not seen since the post-S&L crisis of the early 1990s. The Federal Reserve’s most recent Survey of Senior Loan Officers …