The List: 12.05.09
The U.S.
Payroll figures don’t look good once you actually analyze them (the birth/death component is particularly egregious right now) (The Big Picture)
One and done: why first-time buyers flocking to the market will not drive up prices (Calculated Risk)
Home prices dropped the most on record in Q1 2009 (Bloomberg)
Ads are occupying spaces once reserved for stores (NY Times)
Experts anticipate price drops of 20% or more in CRE, a bad sign for small banks (FT)
No cause of optimism in CRE says the S&P (New York Observer)
All real estate is local (true in the past, still true) (WSJ)
The World
During times of crisis, don’t think of all developing markets as a group (VoxEU)
Is China really recovering? Power generation says, “No” (ChinaStakes), exports say, “No” (Naked Capitalism), inflation says, “No” (EconPic Data)
Expect 25% or more of projects to be canceled in Dubai (WSJ)
Angola: one of the strongest RE markets in the world (NPR)
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