economy: Slow Death: Shopping Malls? - 10/11/12 10:44 PM
According to Reis Inc., after a short-lived economic recovery, demand for retail space is falling again. As noted by a senior economist at Reis, consumer spending had remained inconsistent due to the struggling labor market and economy. With the advent of online shopping, malls have continued to be one the hardest hit sectors in retail with strip malls doing the worst. As a result, mall owners and management companies have had to find creative ways to fill these once vibrant shopping centers with customers in the hope of turning them into the profitable ventures they once were otherwise lose the … (0 comments)

economy: The Standoff: Lender Vs. Investor - 08/11/12 02:54 AM
Something’s Gotta Give
The economy and the national housing industry are both crawling to recovery, some days they crawl faster and some days they crawl slower.  Of course, these ‘national’ issues are regularly conceptualized as a single, titanic, slow-moving project. Regular citizens often hear updates on one or the either, but the relation between the two is still a bit ambiguous. We assume when one improves, the other will follow.
Jon Prior of reported that in the future, the relationship between the two will be more important than ever. With REO numbers still at staggering levels and … (0 comments)

economy: US Economy Shows More Small Signs Of Improvement - 05/20/12 06:09 AM
But wait there's more: 
More good news in the economy:  industrial production rose 1.1% in April.  This was the largest gain since December 2010.  Additionally, consumer sentiment rose to its highest reading since January 2008 in May, according to the University of Michigan.
But wait there’s more, good news from the home construction industry. Housing starts rose to an annualized rate of 717,000 homes in April.  This annualized rate is well above the market consensus forecast.  Additionally, construction of one-family homes increased to its strongest pace in three months. 
Every little bit of good … (0 comments)

economy: Lack of Lending Hindering Economic Rebound...Duh! - 02/10/12 11:34 AM
Federal Reserve Chairman Ben Bernanke, speaking Friday at the International Builders Show in Orlando, Fla., said the wave of creditworthy households that are finding it difficult to obtain mortgage credit or to refinance is hindering an economic rebound in the United States.  
As a result, the Federal Reserve has taken actions such as lowering interest rates to record lows in an effort to help boost to the housing industry.  Yet, if the very banks who are receiving such favorable funding from the Federal Reserve continue to refuse to lend or remain stingy with lending, then the homeowner (aka consumer) cannot … (2 comments)

Michael Hobbs, SRA, LEED GA, RAA (PahRoo Appraisal & Consultancy)

Michael Hobbs


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