Archive for October, 2008
Posted in October 28th, 2008
We’ve had a very impressive number of visitors to our website in the past few weeks either call or email with questions about the applicability of our local multifamily market analysis to the world of self-storage.
Very recently we’ve helped a group analyze Houston submarkets for acquisition of a pair of self-storage assets, and there’s no […]
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Posted in October 28th, 2008
Yesterday the Census Bureau released their data on new home sales; no doubt you’ve heard the news cycle by now lamenting that new home sales are perhaps the worst since the Census Bureau starting keeping records in this category since 1963.
2008 is certainly turning out to be the worst new home sales year in a […]
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Posted in October 28th, 2008
Recent Economic Development Updates for Salem include:
The Salem area will host yet another solar energy company…SANYO Solar of Oregon broke ground in mid-October on a new manufacturing facility, the sixth new manufacturing facility to come to the area in the last 16 months. The 130,000 sq. ft. facility will manufacture silicon ingots and should open […]
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Posted in October 28th, 2008
Let’s shift gears back to the world of single family today, and take a look at the top markets in our proprietary Single Family Market Fundamentals Demographic Subscore rankings.
Those who read our blog regularly as well as our newsletter subscribers are familiar with how we derive our Market Fundamental Scores; a number of metrics are […]
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Posted in October 28th, 2008
“Nothing resembles pride so much as discouragement.” – Henri Frederic Amiel
Technorati Tags: redfish quote of the day
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Posted in October 27th, 2008
Here’s another interesting correlation to consider – states’ unemployment rates and presidential election voting preference.
As noted Saturday, we’ve used the commonly described “red and blue” political descriptors, based on the voter map published online at RealClearPolitics as it is deemed to be the most frequently updated of the various reporting sites online according to the […]
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Posted in October 27th, 2008
It’s Monday, and time to present another Daily Data Discussion post; today’s post is the second part of our look at Class C multifamily cap rates that was begun last Friday.
Interestingly we received a couple of emails on Friday from brokers chastising us for “creating false expectations” among investors regarding “these incredibly inflated cap rates […]
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Posted in October 27th, 2008
“One of the virtues of being very young is that you don’t let the facts get in the way of your imagination.” – Sam Levenson
Technorati Tags: Redfish Quote of the Day
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Posted in October 25th, 2008
Toward the end of last week we started a series motivated in part by the political season, correlating current state level total nonfarm job growth and unemployment rates (6-month rolling average) to states’ “right to work” status.
We’ve been nothing short of astounded at how much traffic these simple correlations have drawn over the past few […]
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Posted in October 25th, 2008
“Inspiration is and can only be the product of free men.” – Howard E. Fritz
Yes Mabel - that’s Thomas Alva Edison in the lab….
Technorati Tags: Redfish Quote of the Day
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Posted in October 24th, 2008
Regular readers of our blog have heard me mention Ed before (see here and here); he’s a mentor / friend / partner figure who actually just turned 81 (he’s been lying about his age), and is one of the more active, vibrant, intelligent multifamily investors we know. What is so captivating about Ed in our […]
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Posted in October 24th, 2008
Yesterday we began what will be a several day look at current employment (total nonfarm jobs) growth correlated to the “right to work” status of states. Judging from website traffic and the volume of emails that we received, this is a topic of interest to many.
In fact we received several emails (at least one was […]
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Posted in October 24th, 2008
The NAR has released today their report on existing homes sales for September 2008; this marks the first year-over-year monthly increase since November 2005. The NAR proffers some of their usual spin, and two points are note-worthy here. First, the credit market’s fall woes won’t have impacted sales closing in September as much as the credit […]
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Posted in October 24th, 2008
In today’s Daily Data Discussion post we’re going to shift back to the world of multifamily investing. Today we’re going to start a two day look at Class C multifamily cap rates, specifically looking at the highest Class Cap Rates in our database as of today.
As we’ve shared in prior posts, cap rates are of […]
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Posted in October 24th, 2008
“Everything can be improved.” - CW Baron
Technorati Tags: Redfish Quote of the Day
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