While most of us thought mortgage interest rates would head higher after the Fed completed its program of buying MBS, rates have actually gone in the opposite direction. Well, our expectation was logical but what we did not expect was the Sovereign problems in Europe. A flight of monies out of European bonds has found itself in U.S treasuries. The mortgage market, while subject to it's own considerations such as risk pricing and supply/demand, is linked to treasuries in a second hand way. The result is a decli... read more

Here are the latest happenings in the Las Vegas real estate market! Check out our April newsletter.

http://cbprds.com/newsletterfiles/n3.html

We put a lot of focus on the Las Vegas real estate market. After all, we sell large amounts of real estate here. Our view cannot be too myopic however, so observations of global trends are necessary. For the past couple of years I've been looking at China real estate. Its difficult to grasp the magnitude of China's deals because a lot goes un-reported. But I recall seeing cranes everywhere in Beijing and Shanghai. Sure, demographics push a lot of this and a growing consumer base is the genesis of demand for these h... read more

This post dovetails off of a Wall Street Journal article printed today called "New Ways to Read Economy." I've seen the diesel fuel sales and the counting of train passengers but I think one of the neatest indicators (or at least a gauge of interest) is Google Trends, which shows trends in visitor traffic by search term. Here are some examples. You can see that the housing tax credit is still on an upward trend, though spikes occur around news releases. The search for Las Vegas hotels has ... read more

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