| The daily source on REITs and real estate investment |  |
- Goldman economist sees lower likelihood of recession
The risk of recession has receded during the past few months, and further encouraging signs emerged when tax increases at the dawn of the new year failed to damp spending, Goldman Sachs economist Jan Hatzius says. Also encouraging, Hatzius says, is Republicans' apparent capitulation on trying to use the debt ceiling as a threat to gain more cuts in government spending. MarketWatch
(2/19)
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- Fitch: CMBS market will stave off LBOs among REITs
A Fitch Ratings analysis concludes that REITs are not at risk for a wave of leveraged buyouts, such as the one Dell is attempting. “Our expectations are that LBOs are unlikely mostly because of the still-constrained CMBS market," the report says. GlobeSt.com
(2/20)
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- Foreign investors eye U.S. homes
Foreign buyers are investing in U.S. residential properties, eager to take advantage of still-favorable pricing in the sector. In particular, they are investing in single-family homes and converting them into rentals. Five of Silver Bay Realty Trust's top 20 shareholders are foreign-based. The Wall Street Journal
(2/20)
| Real Estate Marketplace |  |  |
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- How a possible OfficeMax, Office Depot merger might affect REITs
Retail REITs could be impacted by the possible consolidation of OfficeMax and Office Depot, as there would likely be some consolidation of retail stores, writes Brad Thomas. However since the recession such REITs as Kimco Realty and Weingarten Realty Investors have been positioning their portfolios to better protect against such shocks. Forbes
(2/20)
- Index shows a slip in homebuilders' confidence
U.S. homebuilders have become less optimistic this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index. "This is partly due to ongoing uncertainties about job growth and consumer access to mortgage credit," NAHB Chairman Rick Judson said. "But it's also a reflection of the fact that builders are now confronting rising costs for building materials and, in some markets, limited availability of labor and lots as demand for new homes strengthens." Los Angeles Times (tiered subscription model)/Money & Co. blog
(2/19), eCreditDaily.com
(2/19)
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