The commercial real estate industry lends itself to a plethora of cliches that help explain investment strategies, market fundamentals and recessions. The problem is that these cliches gain popularity and notoriety quickly, making them sound tired in no time.
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Top 10 Cliches to Stop Using
Consumer confidence rises, house prices fall (Reuters)
Reuters - Consumer confidence rose to an eight month high in December as households grew more upbeat about job prospects, but other data showed the housing market likely remains a drag on economic growth with house prices falling 3.4 percent in the October year.
Home building jumps 15 percent in September (AP)
AP - Homes were built in September at the fastest pace in 17 months, a hopeful sign for the economy.
Spring buying boosts US home prices for 4th month (AP)
AP - The depressed housing market flashed a positive signal in July, with home prices in most major U.S. cities rising for the fourth straight month
August home building fell 5 pct., slide continues (AP)
AP - Builders broke ground on fewer homes in August, evidence that the housing market remains depressed.
Low rates squeeze savers and may hold back economy (AP)
AP - Super-low interest rates haven’t done what they usually do after a recession. They haven’t ignited economic growth or revived the home market or persuaded consumers to spend freely again.
New-home sales fall, 2011 could be worst year yet (AP)
AP - Sales of new homes fell for the third straight month in July, a sign that housing remains a drag on the economy. If the current pace continues, 2011 would be the worst year for new-home sales in nearly half a century.
Big Banks Bow Out of Reverse Mortgage Market (U.S. News & World Report)
U.S. News & World Report - Seniors will have fewer avenues to secure steady retirement income, now that the two largest lenders in the reverse-mortgage business have decided to discontinue offering the product.
Summary Box: Home sales fell in May to 2011 low (AP)
AP - HOME SALES SINK: Sales of previously occupied homes fell 3.8 percent last month to an annual pace of 4.81 million homes. That’s the lowest level in six months and far below the roughly 6 million annual sales rate typical in healthy housing markets.
10 Cities With the Flattest Rents (U.S. News & World Report)
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