Near Breaking Out, Realogy Bids to Add to Housing Outperformance

Turnkey Two years ago I wrote a somewhat snarky article about a partnership between Realogy Holdings (RLGY) and (AMZN) titled “Realogy and Partner Up But Does It Matter?” Real estate services company Realogy (RLGY) worked out a deal to increase order flow by hooking into (AMZN) smart products for the home. They … Read more

Realtors Rebound Despite Housing’s Supply Shortage

I heard this tweet referenced twice in the financial media: the first time unsourced and the second time sourced. I must assume that the bizarre data points of the U.S. housing market from Glenn Kelman, Redfin’s CEO, went viral. Redfin’s commentary and observations on the housing market are typically astute and insightful, but this particular … Read more

Realogy and Partner Up But Does It Matter?

Realogy (RLGY) is struggling to avoid a resumption of its vicious downtrend.

Two weeks ago I threw up a chart of Realogy (RLGY) just to have something bearish to show among a group of bullish charts. I wondered why this company of real estate agents and brokers was in a persistent decline while housing-related stocks were generally holding up well. On July 23, Realogy rolled out what … Read more

Cash Buyers and Optimism Counter the Notion of An Imminent Housing Crisis Triggered By Baby Boomers

(This is an excerpt from an article I originally published on Seeking Alpha on June 3, 2014. Click here to read the entire piece.) Last year, I wrote a series of articles expressing my skepticism about the notion that an abandonment of homes by incapacitated Baby Boomers would cause America’s next housing crisis (for example, … Read more

An Unexpected Drop In Leasing Velocity Helps Reset RealPage

(This is an excerpt from an article I originally published on Seeking Alpha on February 25, 2014. Click here to read the entire piece.) RealPage (RP) provides software for revenue management and other related services for managers of rental housing. After noticing that the stock had dropped over 20% in after hours trading following the … Read more

Vornado Anticipates A Major Economic Expansion And A Bubble; Fears the Internet

(This is an excerpt from an article I originally published on Seeking Alpha on April 14, 2013. Click here to read the entire piece.) I quickly caught a Bloomberg headline about plans from Vornado Realty Trust (VNO) to sell more than it buys. I went to the VNO 2012 annual report to see for myself … Read more

Still Expecting Housing to Bounce Along the Bottom Until 2013

For the past few months, I pestered my youngest brother to write a review of his cogent 2009 analysis of the housing market. In that post, he predicted housing would bottom in April, 2010 and as late as 2013 in a worst case scenario. He has finally produced the follow-up, and I post it below. … Read more

Making A Case for A Housing Bottom…As Late As 2013

My brother and I go back and forth in our discussions about the dynamics of the housing industry. He is good on the fundamentals, and I substitute my weakness on the fundamentals with technical analysis, sentiment analysis, and the information I can glean from earnings calls. Today, he wrote out his latest case for the … Read more