Matrix Blog


Links: International HOusing Prices [IHOP], Not Flat As A Pancake

May 15, 2006 | 12:01 am |

It looks like there has been extra butter and syrup applied to the international housing market this year (ok, this was the last pancake reference, I promise). It is amazing how much the housing markets outside the US have seen significant appreciation over the past year.

When considering the impetus for the recent US housing boom and the current slow down, this certainly makes for a strong argument that the cause and effect was not just about the US economy since the US has behaved as much as many other countries has. So perhaps we don’t need to be quite so zeroed in on Bernanke and the Fed and perhaps look toward other factors such as the trade deficit and the weakness of the dollar.

Here’s a sample of recent news links:

Have I left any countries out that have seen significant growth?

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Realty and Econ Sausage Links

May 4, 2006 | 12:01 am | |

Here’s a few articles that have been hanging around for a future post but I don’t want their relevance to slip away.

Through The Roof [The New Yorker]
How Close is a Real Estate Meltdown? [GoldSeek]
House of Pain Is Building in Housing [TheStreet]
Every Breath You Take: Bernanke Parody [Columbia Business School]
Louis Rukeyser, Television Host, Dies at 73 [NYT]
The Real Estate Job Boom [BW]


Friday Link ‘n Log

April 28, 2006 | 12:05 am |

Tuesday Morning Link Pysche

April 25, 2006 | 7:50 am |

Here’s a collection of links that seem to cover the state of the market psyche at the moment.

Home index trading delayed [OCR]
Bernanke and the Three Bears [BW]
An economy of contradictions []
Warning flags flutter on economy [CSM]
Dice still tumbling in housing market [OCR]
Homeowners Flee Cities For Lower Prices [CA]
Freddie Mac Steps Up Mortgage Purchases [WaPo]


Opening The Door With An [Egg Knob]: Good Friday Links

April 14, 2006 | 3:29 pm | |

Here are a few links that didn’t make it to full posts. (Man, I really like the new look of the NYT online.) A lot of discussion about the direction of the market in here.

Monday Motherboard Link Sync

April 10, 2006 | 12:15 am | |

Here’s a bunch of interesting stories that caught my eye over the weekend.

Thursday Heavy And Lite List (The Art Link-Letters)

April 6, 2006 | 12:01 am |

Here’s a few articles that have been hanging around for a future post but I don’t want their relevance to slip away. My lite links are kinda heavy this week.


Urban Trekker Blog: Risky Markets According to PMI Index [UTB]
BuySide Realty: New Online Tactics [Walk-Through]
Giving the Fed Excuses for More Tightening [Big Picture]
MBA: Mortgage Volume and Rates Rises [Calculated Risk]
Shiller: Livelihood Insurance [Economist’s View]


Could it be Google Real Estate? [Google Maps Mania]
Apple blesses Windows XP on Macs [Register]
WikiBroker [WikiBroker]
Two-Thirds of Lenders Nationwide Say U.S. in Midst of Real Estate Bubble [BusWire]

[Media Chain-links] 1Q 2006 Manhattan Market Overview

April 4, 2006 | 7:39 am | | Public |

The 1Q 2006 Manhattan Market Overview that my appraisal firm, Miller Samuel, prepares for Prudential Douglas Elliman, was released today. I always think its interesting (actually, its fun) to see how the various media outlets (Big and Small Media, Blogs) respond to the exact same set of data and how the real estate brokerage companies who write alternative reports, frame their comments.

This list is in no particular order and excluded all the redundant articles (ie news feeds). I will keep adding to it through the week after the initial post.

Apartment Prices Up Again After a Slump in Manhattan [NYT]
Housing frenzy slows down[NYDN]
Wall Street bonuses lift Manhattan apartment prices [Reuters]
Reports: Luxury Housing Boom May Be Reaching Its Crest [NY Sun]
First Quarter Reports: Thousand Island [NYO The Real Estate]
Housing market still steady [NY Newsday]
City Apts. Defy U.S. Bubble Trouble [New York Post]
Condo boom boosts Manhattan real estate market [Inman News]
Manhattan housing market shows weakness [CNN/Money]
Manhattan Apartment Sales Cool Off []
Manhattan Apartment Prices Climb at Slowest Pace in Three Years [Bloomberg] IMMOBILIARE: SALE, SI SGONFIA OPPURE CROLLA [Wall Street Italia]
Manhattan housing market booms in first quarter [The Real Deal]
State o’ the Market Update: Through Thick and Thin, ‘Essentially Flat’ [Curbed]
Brokers say New York real estate market is cooling [Financial Times]
[Wall Street Bonuses Fuel Manhattan Real Estate Surge [DJ]](no link)
A game of telephone [Property Grunt]
Manhattan Market Up, Psychology Down in Q1 [Brownstoner]
Real Estate Rashomon [Walk-Through]

Here are a handful of radio and tv clips as well.

[Bloomberg TV]




[WCBS Radio]

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Thursday Heavy And Lite List

March 16, 2006 | 12:06 am |

Here’s a few articles that have been hanging around for a future post but I don’t want their relevance to slip away. With more heavy items than lite items, I hope I am not presenting a pessamistic bias here…because that would be heavy.


Buyers, Sellers Need To Be Realistic [WP]
Donald Trump, Mortgage Broker [BW]
So. Cal Homes Hit New High [Reuters]
Falling Real Estate Commissions [CNN]
Being Bullish and Young Somehow Sounds Like Inexperience [Miami Herald]
Malcom Gladwell and Freakonomics Debate About the Broken Window Theory []


Blondie Rocks About Architecture and Stuff [NYND]
Rick Moranis Comments On The Greenspan Book Deal [NYT]
Being Badgered At A Real Estate Closing [Dave Barry]
McLofts Come To A Neighborhood Near You [Chicago Tribune]


Tuesday Night Stat-Link Fest

February 1, 2006 | 12:05 am | |

Its been a busy day…here are a few stat links of interest:

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Manhattan 4Q 2005 Chain Links

January 5, 2006 | 12:01 am | |

We released the data for the Manhattan Market Overview I author for Prudential Douglas Elliman for the 4th Quarter 2005. Here’s a summary of the media coverage. Otherwise, here’s a list of the articles that covered the study. It provides an interesting perspective on how each media outlet covers the same story:

[NY Times]
[Int’l Herald Tribune]
[NY Daily News]
[NY Sun]
[The Real Deal]
[Inman News]
[NY Observer]
[Crains NY]
[NY Newsday]
[Honolulu Star-Bulletin]
[NY Post]


Cold Weather Walking Holiday Transit Strike Link-as-borg

December 22, 2005 | 10:16 am | |

Here’s a roundup of housing-related links from the past week:

  • Joint Release by OCC, Federal Reserve, FDIC, OTS, NCUA [OCC] — “The federal financial regulatory agencies today issued for comment proposed guidance on residential mortgage products that allow borrowers to defer repayment of principal and sometimes interest.”

  • U.S. Nov. PPI down 0.7%, core PPI up 0.1% [MarketWatch] — “U.S. prices of raw materials and other producers’ inputs fell 0.7% in November, the Labor Department reported Tuesday. This is the largest monthly decline since April 2003. Excluding food and energy costs, the core PPI rose 0.1%.”

  • Housing Starts Rise, Core Inflation Tame [NYT] — “U.S. housing starts rose 5.3 percent in November, defying Wall Street expectations for a slowdown, while producer prices posted their biggest drop since July 2004 and showed well-contained inflation outside the volatile energy and food areas, the government said Tuesday.”

  • Has the Fed Finished Tightening? [BW] — “After tightening for the 13th time (appropriately on Dec. 13), the Federal Reserve appears to be signaling that it’s nearing the end of the rising-rate cycle. Standard & Poor’s expects another 25-basis point hike at the Jan. 31 meeting, and another 25 basis points in March, if economic growth remains strong. We then expect the Fed to close up shop for the rest of 2006.”

  • Builder Sentiment Cools Further In December [NAHB] — “Confidence of single-family home builders slid further this month from its summer peak, yet remained well within the positive range, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December, released today. The overall HMI declined four points from a slightly revised November number to 57, while the component measuring builder expectations for future sales held firm at 65.”

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