The 1031 Guru » Market Reports

Economic Background and Investment Environment

Bob — Tue, 23 Feb 2010 05:40:16 +0000

With the second consecutive quarter of positive economic growth now apparent, it is likely that the recession will be declared technically over. Although we aren’t out of the woods yet, we are one step closer to recovery. However, it will take much more time for the businesses trying to sell their goods and services, the commercial property owners struggling to fill empty space, and the more than 15 million Americans that do not have jobs, to see their situation improve.

Read the rest of this in depth report

RECORD 2.8 MILLION U.S. PROPERTIES WITH FORECLOSURE FILINGS IN 2009

Bob — Tue, 26 Jan 2010 04:35:36 +0000

As reported in Foreclosure Market Trends Report.

A total of 2,824,674 U.S. properties in received a foreclosure filing in 2009, a 21 percent increase in total properties from 2008 and a 120 percent increase in total properties from 2007, according to the RealtyTrac Year-End 2009 U.S. Foreclosure Market Report. The report also shows that 2.21 percent of all U.S. housing units (one in 45) received at least one foreclosure filing during the year, up from 1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in 2006. Foreclosure filings were reported on 349,519 U.S. properties in December and foreclosure activity in the fourth quarter decreased 7 percent from the third quarter. Read the entire report.

2010 Winter Newsletter – The Barry Apartment Report

Bob — Mon, 11 Jan 2010 18:54:20 +0000

Click to enlarge

2009 will go down as one of the toughest years for the Portland economy since the early 1980’s, with only the Great Depression causing noticeably more pain. While we all know how tough the second half of 2008 was, there was little to prepare us for the turbulent waters and gale forces winds which impacted the Portland economy and commercial real estate in 2009. So just what happened here in 2009?

Portland Economy: The big surprise of 2009 was just how weak the Portland economy was. Over the twelve months ending in October 2009, we have lost 53,200 wage and salary jobs, or over 5% our employment base. In addition, our unemployment rate rose from 6.8% in October 2008 to 11.6% in October 2009.

Read the full 2010 Winter Newsletter.