Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (260600)	7/13/2010 11:40:19 PM
From: tejek	Read Replies (1) \| Respond to of 306849

Believe it or not, the homebuilders have been back in action here, and in Nevada (and Cali also, from what I understand). I understand CA but I don't understand NV and AZ where the overhang is still pretty deep. Are you still getting net in migration into AZ? Here I am seeing small to medium size projects springing up in the city......I think stuff is starting to get built in the suburbs as well. Not like before but better than last year. And also I am seeing houses sell much faster than they were last year. The unemployment rate is starting to drop as well. Very little ongoing commercial construction, a few odd projects or stuff that halted, then got sold in foreclosure and the new buyers trying to see it through. But those are few and far between. No commercial here.....other than mixed used projects.....retail on the first floor/residential on the upper floors. I suspect the retail vacancy factor in the metro area is around 10%.