News

Landmark Links November 27th – Bargain Bin

  Must Read: With the housing market slowing, builders have resorted to offering everything from 6 figure price cuts to free vacations and broker incentives to lure buyers and move inventory.  The housing industry will likely be a headwind to GDP in the near and intermediate term.  However, it’s recovery was so lackluster that economists […]

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Landmark Links November 16th – Easy Does It

  Must Read: For the third quarter of 2018, banks reported easing their standards on most categories of residential real estate loans, even while experiencing weaker demand for the products overall, meanwhile standards and demand for auto and credit loans remained unchanged. Economy Warning Sign: Goldman Sachs is projecting that the US economy will slow to […]

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Landmark Links November 16th – RIP Golden Goose

  Must Read: The City of San Francisco is highly reliant upon development fees on new market rate residential developments to fund it’s affordable housing initiatives.  However, it is quickly running out of money for the initiative and finding out the hard way that continuously raising the inclusionary requirements for the percentage of affordable units in […]

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Landmark Links November 13th – Bait and Switch

  Must Read: Its becoming increasingly apparent that Amazon’s HQ2 search was a ruse with a predetermined outcome.  Here’s how it all went down: Announce a nationwide (and parts of Canada) search for a 2nd headquarters Cities drop pants and offer billions in taxpayer subsidies and tax exemptions Collect tons of data to form the biggest […]

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Landmark Links November 9th – Getting High On Supply

  Lead Story: A combination of rising interest rates, burnout from buyers and flat-lining rents have helped tamp down home buyer demand over the last six months in Seattle where home prices have fallen, thanks to a doubling in inventory over the past year.  See Also: Las Vegas home inventory was up over 50% year over […]

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Landmark Links November 6th – Flawless Logic

  Lead Story: It’s been a while since we checked in on the mortgage originators to see what they are up to since rising rates have chocked off their refinancing pipeline. At the same time that slowing home sales are starting to hit purchase mortgage originations which are showing signs of topping out.  For quite a […]

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Landmark Links November 2nd – Too Many Cooks?

  Must Read: Rare antiques have gotten incredibly cheap, mostly because people spend almost all of their time in their kitchens and have little use for upscale living and dining room furniture.  Another sign of how home design continues to evolve. Economy Low Leverage: The level of US household debt to GDP is still at an […]

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Landmark Links October 30th – Too Much of a Good Thing?

  Lead Story: When tax reform was passed last year, among the biggest potentiality wins for real estate investors and developers was the creation of Qualified Opportunity Zones which instituted tax benefits in exchange for investment in certain neighborhoods. The program is fairly straight forward: those who invest in regions that neighborhoods that the designation would receive […]

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Landmark Links October 26th – Nailed It

  Must Read: Over the past summer, there was a debate raging in the investment community as to whether or not massive pension fund buying to take advantage of a lucrative tax break was suppressing yields on the 10-Year Treasury.  When tax reform passed last year, pension funds were permitted to deduct their contributions based on last […]

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Landmark Links October 23rd – Barbarians at the Gate

  Must Read: Google, Amazon and Tesla are making a push into the notoriously slow-to adapt housing industry in various ways with the benefit of having much larger balance sheets than the incumbents and cultures that encourage innovation and disruption. Economy Moon Shot: Wages for the top 1% of earners are now at their highest level […]

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