Case Shiller: Miami crashes 3.7% in a si...
Posted by admin in Case-Shiller Index on 03 31st, 2009 | No Comments
The most recent Case Shiller data set is out (January 2009) and the results do not look good for homeowners across the nation. Miami was down about 6 points (3.7%) and Tampa was down 6.8 points (4.4%). I’m still expecting a full retracement to 1997 price levels (adjusted for inflation). CLICK FOR...
Florida Unemployment is on a Tear...
Posted by admin in Florida Unemployment on 03 27th, 2009 | 3 Comments
The February unemployment rate jumped to 9.4%. January unemployment was revised up from 8.6% to 8.8%. This meteoric rise in the unemployment rate reflects the collapse of Florida’s dual economic bubbles: real estate and tourism. If you think this is bad, just wait until the tourist season ends.
Miami Dade Foreclosure Update: Still Goi...
Posted by admin in Foreclosures on 03 14th, 2009 | 12 Comments
There’s still a lot of strength in the foreclosure numbers released by the Miami Dade County Clerk last week. My 2009 foreclosure projection was revised down by just 500 and still hovers near 72,000. The projection is still going to be pretty noisy with so little data. A surge later in the year...
Florida’s Unemployment Rate Has Go...
Posted by admin in Florida Unemployment on 03 12th, 2009 | 10 Comments
I’ll let the charts do the talking:
Seeking a source for an AP news story...
Posted by admin in Real Estate Crash on 03 7th, 2009 | 6 Comments
Dear readers,
I’d like to assist an Associated Press reporter working on a story relating to condo associations and HOA delinquency rates. How are the new Fannie Mae lending guidelines (which have HOA delinquency rate cut offs for loans) affecting the buildings with high delinquency rates? Common...
I’m On A Boat!...
Posted by admin in Comedy on 03 2nd, 2009 | 22 Comments
In Miami and on a boat! Warning profanity:
The video that they’re mocking (also set in Miami).
