Article Index
Real Estate Market

The U.S. existing home sales surged to an eight-year high. On Thursday August 20th, the National Association of Realtors published its report on exiting home sales for the month of July. (Source: The National Association of Realtors, August 20, 2015.) In July, total existing home sales increased two…

More and more office towers in Calgary, Canada’s energy capital, are sitting empty, another sign the country is in the midst of an economic collapse and that the bubbly real estate market is beginning to burst. Layoffs by oil and gas majors have driven vacancy rates in the…

The U.S. housing market has come under pressure as housing starts have stagnated since the end of 2013, interest rates are poised to rise this year, and first-time buyers are missing from the housing market. Buyers Missing From U.S. Housing Market In February of this year, first-time home…

In November, existing-home sales in the U.S. declined 6.1% from the previous month. They dropped to the lowest annual pace since May of 2014, falling to 4.93 million units from 5.25 million in October. (Source: “Existing-Home Sales Lose Momentum in November as Inventory Slightly Tightens,” National Association of…

The verdict is in… Last week, at the end of its regularly scheduled meeting, the Federal Reserve said: 1)      It would continue to reduce the amount of money it creates each month. The Fed said it will be out of the money printing business by the end of…

According to the U.S. Congressional Budget Office, next year, the government is expected to incur a budget deficit of $469 billion and then another budget deficit of $536 billion in 2016. (Source: Congressional Budget Office web site, last accessed July 21, 2014.) From there, the budget deficit is…

As I often harp on about in these pages; economic growth occurs when the general standard of living in a country gets better. You can’t say an economy is improving when a significant portion of the population is suffering. You can’t claim there’s economic growth when the poverty…

The deleveraging that’s taking place around the world is obviously echoed in tumultuous capital markets, but a retrenchment in the bond and stock markets has been overdue for ages. As is usually the case, several catalysts came together at the same time to produce an unsurprising stock market…

My cousin and his family had to walk away from their house in Arizona. There were no buyers, and they were underwater after the market crashed. The whole thing was really hard on them on all fronts, and they had to move. They’re in Colorado now, closer to…

One of the most often talked about parts of the economy is the real estate market sector. Because real estate is such a large and important part of the economy, naturally, many eyes are focused on whether or not this market sector can and will rebound from its…

It really is the perfect environment for higher oil prices, which is both good and bad for the U.S. economy. Higher oil prices reflect a better economic outlook, as speculators bet on better gross domestic product (GDP) growth in the U.S. market. This translates right into the stock…

For the past four years I’ve been singing the same tune… The U.S. economy cannot recover unless the U.S. housing market recovers. As a past “real estate man,” (in my life), I’ve never seen an economic recovery unaccompanied by a real estate market recovery. There was a lot…

One thing really bothers me about the trading action in the stock market so far this year. While there is positive anticipation regarding corporate earnings, the stock market seems to be selling off on positive, non-corporate news and this is worrisome. Investor sentiment has improved from the fourth…

It’s 3:00 a.m. and I can’t sleep. A couple of days ago, I read a story on the high unemployment in Europe and how the young find it so difficult to find a job (“Europe’s Lost Generation: No Jobs or Hope for The Young,” The Globe and Mail,…

Alcoa, Inc. (NYSE/AA), the first stock in the Dow Jones Industrial Average to report third-quarter earnings, missed analyst expectations. The Street was hoping Alcoa would earn about $0.20 a share. The company earned $0.15 a share. But let’s look closer. Alcoa’s net income in the third quarter of…

There have been warning signs in China that investors must be mindful of, including high inflation, speculative real estate buying, slower demand, and slower gross domestic product (GDP) growth. The Chinese economy, which had been firing on all cylinders and was the envy of the world, is showing…

There’s plenty to say about the economy and the stock market this morning…my opinions on both can be found below. But right now I want to talk about something the media and analysts have not been focusing on, something I believe will eventually come to bite us hard…

FedEx Corp. (NYSE/FDX), which runs the world’s biggest cargo airline, is a company that economists and analysts often look to as a gauge of future business activity. Last week, FedEx stock hit a two-year low. Yes, you can buy the stock of this excellently run company today for…

No, no, no! They’ve got it all wrong! The actions of the government and the Fed are contra to what the economy needs to get it going! More damage is being caused to the economy than good. You’ll read a lot today about the Federal Reserve’s statement yesterday…