The List: 14.04.09
The U.S.
Commercial real estate: “think twice” (Motley Fool) (Note: this is more on stocks than real property, and any stock or portfolio advice or opinions are not mine and are not those of Clarus and its affiliates)
Donald Trump says buy real estate (ABC) (why this man still has any credibility after a third bankruptcy is beyond me)
Vacancies were up and rents down in retail (RetailTraffic), and in news that surprised far too many analysts and investors, retail sales were down (Calculated Risk)
“Distressed mortgage and non-residential debt . . . looks like Armageddon Part II in the offing” (This is a bit outside the realm of real estate, but the point is clear: until significant debt restructuring occurs, any economic recovery is going to be superficial) (Hussman Funds)
Privatized parking meters: the new real estate frontier (Cheap Talk)
A CDC for CRE (Residential Property Analytics)
Apartments will outperform other CRE for the next five years (NREI)
Falling state taxes and local taxes will pinch governments (Zero Hedge)
Spring buying fever? No. It’s called cyclicality (Property Wire)
Reverse mortgages are on the rise (Housing Wire)
The World
Canadian mortgage rates are unlikely to fall further (Bloomberg)
Prices in Mumbai are down 25% (Commodity Online)
The U.K.: lots of cameras, but they don’t want anyone to see the empty shops (Reuters)
FDI plummeted 52% in the Philippines (Philstar.com)
HSBC seems to be focusing more energy on the residential RE than CRE (Times Online)
The French market is falling; beware press release spin (PR Web)
Clean air = higher home prices in China (VoxEU)
Deflation in Japan (again) (Mish’s Global Economic Analysis)
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