Builders Confident As Housing Starts Slip

First, the bad news: housing starts saw a substantial drop last month. August’s seasonally adjusted rate of 722,000 groundbreakings was below the rate from the same period last year. August also broke a streak of three straight months of increasing housing starts.

At first blush, it would appear August was […]

By |September 22nd, 2016|Categories: Blog, News|Tags: , , |0 Comments

Weekly News Roundup for September 16, 2016

These are some of the stories we’ve been following this week.

Seattle is building a unique electrical substation that will look and function differently than the typical substations found in other cities. It will also run almost entirely on renewable energy.

Nearly 1,200 residents are leaving their homes in […]

New Oil Discovery in Texas Could Produce Billions of Barrels of Oil

They say everything is bigger in Texas. Often, that includes the oil deposits. The Lone Star State’s image has long been linked to its oil fields, and for good reason. Last year, The U.S. Energy Information Administration reported that Texas was home to 29 percent of the country’s oil […]

By |September 13th, 2016|Categories: Blog, News|Tags: , , |0 Comments

As EB-5 Awaits Renewal, a New Option is Proposed

The controversial EB-5 Immigrant Investor Program is set to expire at the end of the month. Congress extended the program last year, just days before the deadline to continue it. At the moment, a pair of bills re-authorizing EB-5 are moving through Congress.

The EB-5 Immigrant Investor Program allows those […]

By |September 6th, 2016|Categories: Blog, News|Tags: , |0 Comments

Weekly News Roundup for September 2, 2016

These are some of the stories we’ve been following this week.

Daikin America will pay a $5 million settlement following a lawsuit alleging that the company contaminated the Tennessee River.

The city of West Haven, Connecticut is initiating eminent domain for six properties so the city can move forward […]

The Box is in the Mail. The Rise of the Subscription Economy

The days of mail-order CDs are over, but in the last few years the subscription economy has seen a revival, thanks to companies like Loot Crate, Ipsy, and others. The idea is simple: customers sign up to receive a package in the mail every month. Often the contents are […]

By |August 30th, 2016|Categories: Blog, News|Tags: , |0 Comments

Weekly News Roundup for August 26, 2016

These are some of the stories we’ve been following this week.

U.S. shale oil and gas production has dipped significantly as oil prices have fallen. However, some experts believe the industry may have reached bottom and will begin increasing production again soon.

A water treatment plant, set up in […]

Builders and Buyers Agree: The Real Estate Market is Booming

There appears to be little slowing down of the real estate market this summer. Recent surveys of home builders and buyers revealed that both groups are feeling positive about the state of the market as home prices and home sales continue to do well.

Homebuyer confidence broke records in July, […]

Weekly News Roundup for August 19, 2016

These are some of the stories we’ve been following this week.

The Navajo Nation sued the federal Environmental Protection Agency (EPA) over last year’s Gold King Mine spill that sent millions of gallons of contaminated water into the Animas River.

Norway’s wealth fund downgraded the value of its United […]

Greenfield Advisors Named to Inc. Magazine’s List of 5,000 Fastest Growing Companies

Greenfield Advisors is honored to be listed on the Inc. 5000, which is Inc. Magazine’s annual list of the fastest growing companies in the U.S. The real estate and financial analysis firm was ranked #2,800 in its first appearance on the list.

Greenfield Advisors had a busy 2015 as it […]

Weekly News Roundup for August 12, 2016

These are some of the stories we’ve been following this week.

Students at a school in Chicago are being moved to a different location. The school is located on an Environmental Protection Agency Superfund site, and housing in the area was found to be built on land with high […]

A Year Later: Looking Back at the Animas River Contamination

Last August, workers with the federal Environmental Protection Agency were at the Gold King Mine in Colorado to clean up pollutants. However, a leak was created that spilled three million gallons of water polluted with heavy metals and other contaminants into the nearby Animas River.

The spill affected home owners […]

Weekly News Roundup for August 5, 2016

These are some of the stories we’ve been following this week.

Oil trains are being utilized less this year. In the first five months of 2016, crude oil train transport is down 45 percent from last year.

Property values in central London are falling at the fastest rates in […]

New Study Examines Minimum Wage Hike in Seattle

Two years ago, Seattle passed an ordinance gradually raising the city’s minimum wage to $15. During the lead-up to the vote, some economists predicted the increase would be a booster shot to the economy, while others expected that the job market would suffer as businesses coped with the higher […]

By |August 2nd, 2016|Categories: Blog, News|Tags: , , |0 Comments

Housing Market Doing Well But Obstacles Abound

June was another strong month for the housing market as new home sales hit a seasonally adjusted annual pace of 592,000. That rate was 20,000 higher than the previous month, continuing to push an improving housing market.

Pending home sales also did well in June. In the last five months […]

Weekly News Roundup for July 22, 2016

These are some of the stories we’ve been following this week.

An oil train derailed in Oregon last month, and now a groundwater monitoring station has picked up signs of contamination. A nearby town’s water wells were not contaminated because they are located uphill of the derailment.

Colorado’s minimum […]

Examining the Economic Impacts of a Dairy Operation

Greenfield Advisors Chairman and Co-Managing Director Dr. John Kilpatrick recently spent some time in Hawaii where he worked as a consultant with residents of Maha`ulepu Beach, located on the island of Kauai. Dr. Kilpatrick was there to discuss the negative effects of a proposed concentrated animal feeding operation (CAFO).

Dr. […]

Weekly News Roundup for July 15, 2016

These are some of the stories we’ve been following this week.

A proposed railway line in Illinois would keep oil and other freight trains from traveling through more populated areas.
Natural gas is expected to have a bright future as part of the United States’ energy portfolio. However, the […]

Fracking’s Impact on Homebuyers and Insurance Coverage

An important but often “relegated to the back burner” housing issue is whether the presence of unconventional shale gas development sites affect the ability of homeowners to obtain a mortgage and/or homeowners’ insurance on a property. These concerns stem from the potential environmental hazards and risks that may occur […]

Greenfield Advisors Vice Chairman Authors Chapter in New Book

SEATTLE, Washington and CARTERSVILLE, Georgia – Greenfield Advisors’ Vice Chairman and Co-Managing Director, Dr. Clifford A. Lipscomb, is one of the authors writing in a new book about the economic effects of hydraulic fracturing on a worldwide scale. Dr. Lipscomb’s extensive background in economics and real estate valuation gives […]

Weekly News Roundup for July 8, 2016

These are some of the stories we’ve been following this week.

Beaches in Haifa, Israel reopened after officials cleaned up an oil spill that occurred Tuesday. A ship that was working on an oil pipeline ruptured an old fuel line, sending thousands of gallons of oil into the water.

[…]

Weekly News Roundup for July 1, 2016

These are some of the stories we’ve been following this week.

U.S. Senator Chuck Schumer (D-NY) wants to see oil companies add more safety features to trains carrying oil through New York.

A jury found that Emigrant Savings Bank offered predatory loans to minority homeowners. Six plaintiffs were awarded […]

Lawsuits Filed Over Gold King Mine Spill

Last August, about three million gallons of contaminated water poured out of the Gold King Mine in Colorado and into the nearby Animas River. The water from the mine was filled with heavy metals and turned the river yellow, forcing the waterway to close for more than a week.

Farms […]

Existing Homes Sales Best in Nine Years

Not since 2007 have existing home sales reached this high of an annual rate. Last month total existing home sales jumped to a seasonally-adjusted annual rate of 5.53 million, the highest since February 2007’s rate of 5.79 million. Sales are 4.5 percent higher than a year ago at this […]

Weekly News Roundup for June 24, 2016

These are some of the stories we’ve been following this week.

The first trial between Porter Ranch, Calif. residents and Southern California Gas Company has been delayed. A pretrial hearing has been rescheduled for later in September.

A Seattle developer was fined $1.2 million for using unlicensed advisors to […]

Greenfield Advisors Snapshot – Colleen Shanahan

 

Every month we take a look at one of our employees who makes us the successful company we are today. Today, we profile Colleen Shanahan, an analyst who works out of the West Coast office in Seattle.

What are some memorable projects for you?

Currently, I work primarily on our mortgage-backed […]

By |June 21st, 2016|Categories: Blog, News|Tags: |0 Comments

Weekly News Roundup for June 17, 2016

These are some of the stories we’ve been following this week.

Property values and taxes are rising quickly in Vancouver.

Texas is launching an effort to sue the Environmental Protection Agency over new methane regulations. Texas is the first state to take these measures.

The Massachusetts Senate is backing […]

Greenfield Looking to Expand Operations to Middle East

SEATTLE, Washington and CARTERSVILLE, Georgia – Greenfield Advisors is utilizing its award-winning analytical team and is expanding its operations into the Middle East and North Africa (MENA) region. The move comes on the heels of what has already been a busy year for the economic and financial analysis firm […]

Greenfield Advisors Attends Iraq Reconstruction Conference 2016

March through May has been a busy few months for Greenfield. A Greenfield Business Delegation has been established to serve the Middle East and North Africa (MENA) Region. The Delegation consists of Economists, Investors, Consultants, Analysts and Brokers. The task started at the World Bank Headquarters in Washington D.C. […]

Weekly News Roundup for June 10, 2016

These are some of the stories we’ve been following this week.

Following another oil train derailment, regulators are looking into increased safety measures for trains transporting oil, especially near populated areas.

An energy plant in Oregon is at the center of a property tax fight that has lasted for […]

Investing in Innovation – The King Hussein Business Park

A Greenfield Business Delegation had the opportunity to engage in the Middle East and North Africa (MENA) region in efforts to expand operations abroad. These endeavors have taken Greenfield to Jordan, to attend the Conference and Exhibition on the Reconstruction/Investment of Iraq 2016. In this first blog post, I […]

Weekly News Roundup for June 3, 2016

These are some of the stories we’ve been following this week.

Hopeful EB-5 Immigrant Investor Program applicants are seeing their applications delayed while potential EB-5 projects are investigated over allegations of fraud.

Old gas and oil wells may be buried underground, and they can be dangerous to builders, who […]

Debate Continues Over Future of EB-5 Program

In recent months, Congress has been discussing how the EB-5 program should proceed. A recent bill was proposed that would change some of the key provisions in the program in an effort to assuage allegations of fraud.

The EB-5 Immigrant Investor Program allows those living in other countries to obtain […]

By |June 2nd, 2016|Categories: Blog, News|Tags: , , |0 Comments

Weekly News Roundup for May 27, 2016

These are some of the stories we’ve been following this week.

Ohio lawmakers are pushing for earlier resident notification regarding potentially contaminated water. Legislators cited the recent contamination in Flint, Michigan, as the reason for demanding a quicker response.

Peru declared an emergency in a jungle area that was […]

Greenfield Advisors Snapshot – George Ruth

Every month we take a look at one of our employees who makes us the successful company that we are today. Today we profile George Ruth, a data entry team member who works out of the West Coast office in Seattle.

What are some memorable projects for you?

I believe the […]

By |May 26th, 2016|Categories: Blog, News||0 Comments

Existing Home Sales Continue to Climb

Last month was the hottest April on record, and the housing market was on fire as well with existing home sales racing even higher. Since this time last year, sales are up by six percent. Existing home sales in April reached a seasonally adjusted annual rate of 5.45 million […]

Weekly News Roundup for May 20, 2016

These are some of the stories we’ve been following this week.

China’s investments in the U.S. real estate market have added 200,000 jobs to the U.S. economy. China is the top participant in the EB-5 Immigration Investor Program, which provides visas to overseas investors and their families in exchange […]

Porter Ranch Residents Dealing with Aftermath of Gas Leak

Last October, a well at the Aliso Canyon natural gas storage facility in California suffered a blowout that leaked methane gas into the surrounding area, allegedly causing many to suffer from a range of physical ailments. As a result, approximately 8,000 families in the Porter Ranch community left their […]

Millennials Finding it Hard to Enter the Housing Market

The housing market has been booming as of late. A tight housing supply paired with buyers motivated to either purchase their first home or upsize has pushed prices upward. While the overall market is doing well during the summer buying season, there is one group that is less able […]

Weekly News Roundup for May 6, 2016

These are some of the stories we’ve been following this week.

Minnesota officials are taking steps to avoid a water crisis like Flint’s by understanding lead contamination prevention techniques.

The Colorado Supreme Court ruled that cities could not place limits on hydraulic fracturing operations because the ordinances cannot […]

Housing Market Firing On All Cylinders

Anyone looking to sell their house will be happy to hear the latest on the housing market, which is picking up speed as the summer buying season arrives. Existing home sales in March were up 1.5 percent from the same time last year, and total sales were a little […]

Weekly News Roundup for April 29, 2016

These are some of the stories we’ve been following this week.

Seattle and San Francisco have recently increased the minimum wage in their municipalities, but making sure all businesses cooperate has not been an easy task.

A new lawsuit filed as a result of the lead contamination crisis in […]

Greenfield Advisors Snapshot – Sarah Hall

Every month, we take a look at one of our employees who makes us the successful company that we are today. Today we profile Sarah Hall, an Associate Analyst in the Seattle office.
_____________

What are some memorable projects for you?
The preponderance of my experience at Greenfield has been in mortgage-backed […]

By |April 28th, 2016|Categories: Blog, News|Tags: |0 Comments

Concerns Over Oil Train Derailments Cause Governments to Act

A typical oil train car used in the United States, the DOT-111 tank car, for example, can haul as much as 34,500 gallons of oil across the country. An entire train of these cars would be moving hundreds of thousands of gallons of oil, sometimes through populated areas or […]

By |April 26th, 2016|Categories: Blog, News|Tags: , , , |0 Comments

Weekly News Roundup for April 22, 2016

These are some of the stories we’ve been following this week.

Residents testified in a construction defect lawsuit earlier this week against the country’s largest homebuilder, D. R. Horton.

In New Hampshire, towns are coming together to deal with the lead contamination of their water. The consortium will work […]

Greenfield Advisors Serves as Expert in VerdictSearch.com’s Top 20 Verdicts of 2015

SEATTLE, Washington and CARTERSVILLE, Georgia – Greenfield Advisors provided the analysis and principle expert testimony for the prevailing side in a lawsuit listed as number 20 on VerdictSearch.com’s list of the Top 100 Verdicts of 2015.

In Chase Barfield, et al., v. Sho-Me Power Electric Cooperative, et al., landowners in […]

Minimum Wage Update Part 2: The Next Steps

In the first part of our series on the debate over raising minimum wage, we looked at how Seattle has adjusted in the year since the minimum wage increase. Economists are still watching Seattle, and they will soon have many other places across the country to observe and study […]

Weekly News Roundup for April 15, 2016

These are some of the stories we’ve been following this week.

Officials in the United Kingdom are working to fight global warming while still heating homes. One option is to use hydrogen, which burns cleaner than natural gas and doesn’t give off carbon dioxide.

Voters in New Orleans voted […]

Minimum Wage Update Part 1: A Year Later in Seattle

In the last year, a movement to raise the minimum wage has spread across the country. It started in cities like Seattle, where in 2014, the city council voted to incrementally raise the minimum wage over time. This minimum wage ordinance positioned Seattle as the host of a social […]

Housing Market Heads into the Buying Season with Strong Numbers

Spring is often when homeowners put their homes on the market. It’s considered the best time for sellers, as buyers are out in full force now that the weather is nice.

This year is shaping up to be a great one for sellers, with the housing market looking healthy and […]

Weekly News Roundup for April 8, 2016

These are some of the stories we’ve been following this week.

The City of Miami has filed multiple lawsuits alleging that various banks violated the Fair Housing Act by targeting minorities for loans with predatory terms, which cost the city money. Wells Fargo has asked the U.S. Supreme Court to […]

Greenfield Advisors Celebrates 40 Years of Real Estate and Economic Excellence

You probably know that Greenfield Advisors (formerly Mundy Associates) was founded in 1976, making this our 40th anniversary. To celebrate, we asked our Founder, Dr. Bill Mundy, to describe what it was like to set up the firm and some of the early research projects he took on. We also […]

Jordan: A Growing Economy Welcoming Foreign Investors

During a busy week in March, Dr. Clifford Lipscomb and I attended a World Bank Conference and several strategic meetings, including brief meetings with U.S. Senator Maria Cantwell and Her Excellency, Ambassador of the Hashemite Kingdom of Jordan, Dr. Alia Bouran. In this post, I’d like to discuss what […]

Weekly News Roundup for April 1, 2016

These are some of the stories we’ve been following this week.

The U.S. economy slowed in the last quarter of 2015 as corporate profits and inventory investments declined, but increased consumer spending helped lessen the blow.

Investors have filed a class action lawsuit alleging that Wells Fargo ignored issues with problem […]

Greenfield Advisors Attends the World Bank Conference on Land and Poverty

On March 14, 2016, at 7:55 a.m., the spotlights brighten and focus on the unoccupied chairs of the panel in the World Bank’s Preston Auditorium. Officials from over 100 countries shuffle to get into their seats, exchanging greetings and cordialities in over 90 languages. A line of delegates floats […]

The Marketplace for Pharmaceutical, Medical Device, and Diagnostic Royalties

Without a doubt, one of the fastest growing private equity markets in the last decade has been the market for healthcare product royalties—royalties derived from the end sale of pharmaceuticals, medical devices (also known as medical technologies), and diagnostics. I’ve written previously about how these royalties are valued, and […]

Weekly News Roundup for March 25, 2016

These are some of the stories we’ve been following this week.

Commercial property sales dropped sharply in February. Economic uncertainty and volatile financial markets may have weakened demand, and prices have started to drop in some sectors.

Foreign investors have been putting a lot of money into buying U.S. real estate. […]

Greenfield Advisors Snapshot – Tyler Rogstad

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Tyler Rogstad, an Associate Analyst in our West Coast office in Seattle.
_____________

What are some memorable projects for you?

In my time at Greenfield Advisors, I have almost […]

By |March 24th, 2016|Categories: Blog, News|Tags: , |0 Comments

Perception vs. Price: When Sellers Over- or Undervalue Their Homes

For anyone who ever loved to track down baseball cards, comic books, or other collectibles, there was nothing like looking up the value of your most prized possession. For kids, it was often a harsh discovery that the outfielder you spent several dollars on was worth just a fraction […]

Weekly News Roundup for March 18, 2016

These are some of the stories we’ve been following this week.

Oil prices are once again increasing, but the hydraulic fracturing industry may not be able to recover quickly enough to take advantage. When oil prices dropped, fracking became less profitable, and companies shut down many of their fracking operations. […]

Up, Up, and Away—Drone Use in the Real Estate Industry Takes Off

Last January we wrote about how drones could soon be changing the way that real estate professionals do their job. At the time, the National Association of Realtors released a statement that unmanned aerial vehicles (UAVs) (also referred to as unmanned aircraft systems or UAS)were not allowed for commercial […]

Weekly News Roundup for March 11, 2016

These are some of the stories we’ve been following this week.

Michigan Governor Rick Snyder recently signed the $30 million Flint Water Relief Bill to assist Flint residents with water bill debt for water they couldn’t safely use. City officials have had to suspend water bills for Flint residents until credits […]

Employment Numbers Continue Strong Showing

The first two months of 2016 have put economists in a good mood. January kicked off the year with the first unemployment rate below 5% since the Great Recession started 8 years ago. During that period, unemployment reached 10% in 2009 before slowly trending back downward. The housing market, which […]

EB-5 Debate Continues as Application Backlog Builds

Late last year, Congress was working furiously to prepare a budget that would avoid a government shutdown. As legislators debated and worked, time was running out for the popular EB-5 Immigrant Investor Program, which would expire in December 2015 if Congress did not renew it.

The EB-5 program was under […]

Weekly News Roundup for March 4, 2016

These are some of the stories we’ve been following this week.

A study conducted by Integra Realty Resources for the Interstate Natural Gas Association of America (INGAA) Foundation found that natural gas pipelines didn’t affect property values or insurability in the locations studied.

A Superior Court Judge upheld a Georgia transportation […]

What’s Happening in Construction Defects Litigation?

One of the many types of real estate litigation that Greenfield Advisors consults on is cases involving construction defects. While statutory definitions vary by state, generally speaking, a construction defect is a deficiency or flaw in the materials, design, or construction of a building or structure that fails to […]

What an Election Year Means for House Prices

This year will bring a whirlwind of new political excitement, but also uneasiness. Presidential election years have many effects on our society. One effect that has been historically popping up during election years is the real estate market’s response. However, since the headlines are saturated with the latest poll […]

Weekly News Roundup for February 26, 2016

These are some of the stories we’ve been following this week.

Last year acid mine drainage from the Gold King Mine rushed into the nearby Animas River, contaminating it with heavy metals. The mine is one of 46 mines that could soon be designated as Superfund sites to be cleaned […]

A Tight Housing Supply Keeps Rental Prices High

The housing market had a strong year last year, as buyers returned in large numbers to push prices up. Low inventory did slow the market a bit, but overall, the real estate industry appeared to have recovered from the economic downturn that hit the country in December 2007. However, […]

Greenfield Advisors Snapshot – Kasia Różańska

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Kasia Różańska, the Data Systems Coordinator who works out of our West Coast office in Seattle.
_____________
 

What are some memorable projects for you?

Currently I’ve only worked on […]

By |February 23rd, 2016|Categories: Blog, News|Tags: , |0 Comments

Weekly News Roundup for February 19, 2016

These are some of the stories we’ve been following this week.

Residents of Flint, Michigan affected by the lead-contaminated water are considering joining lawsuits that could reach a billion dollars in claims and damages.

The Sierra Club filed a lawsuit to reduce wastewater injection from hydraulic fracturing in Oklahoma. The non-profit […]

The Gig Economy Is Growing but Faces Challenges, Part 2

In a previous post, we introduced the gig economy and discussed why it’s difficult to estimate how many people participate. In today’s post, we discuss some of the tradeoffs that workers must consider as well as some of the legal challenges and other obstacles that the platforms have faced.
What tradeoffs do […]

The Gig Economy Is Growing but Faces Challenges, Part 1

It was just a few years ago when you could look down from any skyscraper in Manhattan and see the streets covered in yellow taxis. Today though, many of the cars taking businesspeople, tourists, and others across town are just regular vehicles, thanks to companies like Uber and Lyft.

In […]

Weekly News Roundup for February 12, 2016

These are some of the stories we’ve been following this week.

During her testimony before the Senate Banking Committee, Federal Reserve Chair Janet Yellen said that although the Fed hasn’t ruled out a March rate increase, it might wait to act. The Fed is also investigating the viability of implementing […]

2016 Real Estate Capital Markets Conference Recap

I recently had the pleasure of attending the 10th annual Goodwin Procter Real Estate Capital Markets Conference, held January 29 at the Waldorf Astoria Hotel in New York City. The half-day program featured an investment banker, two panels, and a leading economist presenting their views of current trends in […]

Weekly News Roundup for February 5, 2016

These are some of the stories we’ve been following this week.

The tax assessor for Porter Ranch is looking into tax relief for the thousands of property owners affected by the methane leak that was discovered in October.

The methane gas leak near Porter Ranch, California has made headlines. However, it […]

How Technology Is Changing the Landscape of Environmental Contamination

Environmental contamination continues to be a hot-button issue in the United States. From the closing statements in the Democratic Presidential Debate in Charleston, South Carolina to the trending Michigan State of the State Address, water contamination in Flint, Michigan is making the news daily. So are updates on the […]

By |February 4th, 2016|Categories: Blog, News|Tags: , , |0 Comments

How Do We Appraise a Property with Dinosaur Bones and Other Fossils?

At Greenfield Advisors, we have built a reputation on our ability to value a wide range of assets, from contaminated properties to trophy properties, and from an alpaca herd to pharmaceutical royalties. One of the many interesting projects we have worked on over the last 40 years involved appraising a […]

Weekly News Roundup for January 29, 2016

These are some of the stories we’ve been following this week.

A new study published in American Economic Review examined how hydraulic fracturing can negatively affect property values of nearby homes.

A new study will look at whether recent earthquakes in Texas are caused by fracking-related wastewater injection wells. Texas is […]

Insights from the 2016 Las Vegas EB-5 Conference

Last year Greenfield Advisors began working with clients involved in the EB-5 Immigrant Investor Program, providing a variety of services. As part of this new venture, I attended the 2016 Las Vegas EB-5 Conference. The event was structured as a series of panel discussions on topics ranging from likely […]

By |January 28th, 2016|Categories: Blog, News|Tags: , , |0 Comments

Unexpected Avenues for Economic Development, Part Two

In part one of this series, we looked at a few methods of promoting economic development in local communities. These included education, attractiveness and availability of housing, and government programs and incentives. Each of these approaches contributes to the economic growth of an area in a significant way.

Today we […]

Weekly News Roundup for January 22, 2016

These are some of the stories we’ve been following this week.

This three-dimensional map of the methane levels around Porter Ranch, California gives a new perspective on the extent of the leak.

Class action lawsuits continue to be filed in the wake of the water contamination crisis in Flint, Michigan.

The California […]

Greenfield Advisors Wins Prestigious Award for Paper on Real Estate Data Analysis

CARTERSVILLE, GA and SEATTLE, WA, JANUARY 21, 2016 – One of Greenfield Advisors’ partners and a colleague won “Best Refereed Paper” from the Pacific Rim Real Estate Society.

Dr. Clifford Lipscomb, Director of Economic Research at Greenfield Advisors, worked with Dr. Andy Krause of the University of Melbourne on the […]

Greenfield Advisors Snapshot – Matthew Shaw

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Matthew Shaw, an Analyst in the West Coast office in Seattle.
_____________

What are some memorable projects for you?

Managing multiple mortgage-backed securities projects certainly comes to mind. Just […]

By |January 21st, 2016|Categories: Blog, News|Tags: , |0 Comments

Unexpected Avenues for Economic Development, Part One

In today’s society, change can be seen everywhere. Cities are growing larger and larger, while new industries are springing up in all sectors. Over time, our economy has shifted from an agricultural base to a manufacturing base to a more service-based economy that relies on knowledge, technology, and innovation. […]

Weekly News Roundup for January 15, 2016

These are some of the stories we’ve been following this week.

BP continues to cut its global workforce as oil prices continue to plummet. The price of oil has dropped 75% in the last 18 months, reaching a 12-year low of about $30 a barrel.

Two Kentucky utility companies will spend millions […]

Costs Mount for the Methane Leak in California

At first glance, Porter Ranch in Los Angeles looks like any other neighborhood in the area. But it’s what can’t be seen that is making headlines across the country. A massive methane leak last year sent thousands fleeing from their homes. The worst part is that it may not […]

Greenfield Advisors Launches Pharmaceutical and Medical Royalty Valuation Practice

CARTERSVILLE, GA and SEATTLE, WA, JANUARY 13, 2016 – Greenfield Advisors now provides expert medical royalty valuation. The financial and real estate consulting firm saw a need for such services after meeting with several executives in the medical and pharmaceutical industries.

“We heard it time and again that investors, biotechnology […]

How Small Businesses Make a Big Economic Impact

While big businesses, including the likes of Wal-Mart and Kroger, have a measureable positive effect on the neighborhoods they enter, often the local small businesses have a greater economic impact on their communities. The American Independent Business Alliance (AMIBA) contends that, “Independent retailers return more than three times as […]

Weekly News Roundup for January 8, 2016

These are some of the stories we’ve been following this week.

California Governor Jerry Brown declared a state of emergency for the Porter Ranch neighborhood of Los Angeles after more than 10 weeks of methane gas leakage has forced thousands from their homes. The leak could take months to fix.

Michigan Governor Rick […]

How Economic Impact Analysis Can Serve Community Strategic Planning

Strategic planning is a mandate of most communities throughout the U.S. The overall goal of the planning process is to create a strategy that guides the community into the future. It is a collective effort among the community, the local government, and regional businesses to look at where they […]

Which Cities Are the Best Places for Foodies to Live?

Ever since I was a little girl, some of my fondest memories include food, restaurant experiences, and cooking. Before I was tall enough to see the top of the kitchen counter, I was standing in a chair alongside my great grandmother pouring buttermilk into the morning’s batch of homemade […]

The Year in Review – 2015

Greenfield Advisors was busy in 2015. From mortgage-backed securities, to environmentally contaminated properties, to product liability cases, to drug royalty valuation, we worked on a wide variety of matters.

This year also included the addition of several new staff members across both of Greenfield’s offices. Those new staff members include […]

There’s Plenty of Good News for the Hotel and Resort Industry

For the first time ever, AAA predicted that more than 100 million people will be traveling during the holidays this year. Not all of them will be renting rooms from hotels or resorts, but it’s still good news for U.S. hotel owners and operators, who have already done well […]

Merry Christmas from Greenfield Advisors

We’re taking today off from the blog, but we will be back on Tuesday with a new post. Please note our offices will be closed tomorrow, December 25, so we can celebrate Christmas with our families. We hope you have a Merry Christmas!

By |December 24th, 2015|Categories: Blog, News|Tags: |0 Comments

Greenfield Advisors Now Providing Expert Due Diligence to EB-5 Investors

 

CARTERSVILLE, GA and SEATTLE, WA, December 22, 2015 – Greenfield Advisors is expanding its services into the world of EB‑5 immigrant investor visas by utilizing the company’s strong team of analysts and economists. In addition to business plans and economic impact reports, Greenfield Advisors will offer due diligence of […]

By |December 22nd, 2015|Categories: News, Press Releases|Tags: , |0 Comments

Why Many EB-5 Investments Fail, and How Greenfield Advisors Can Help

On the surface, EB‑5 legislation brings together investors with capital from abroad and businesses with opportunities for investment in the United States. The EB‑5 Immigrant Investor visa program aims to further the U.S. economic goal of job creation while offering the foreign investor the prospect of obtaining a U.S. […]

Weekly News Roundup for December 18, 2015

These are some of the stories we’ve been following this week.

The Federal Open Market Committee (FOMC) unanimously voted to raise the target federal funds rate 0.25%, the first time the Federal Reserve has raised interest rates in almost a decade.

The EB-5 Immigrant Investor visa program will likely be extended […]

Greenfield Advisors Snapshot – Jessica Flood

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Jessica Flood, an Analyst in the East Coast office located just north of Atlanta, Georgia. Jessica joined Greenfield Advisors in August and is currently leading multiple […]

By |December 17th, 2015|Categories: Blog, News|Tags: , |0 Comments

Two Talks at the World Congress on Petrochemistry and Chemical Engineering

I was honored to be a keynote speaker at the 3rd World Congress on Petrochemistry and Chemical Engineering held in Atlanta, Georgia, earlier this month. When I first heard about the conference, I wasn’t sure if I was exactly the right fit for an audience of chemical engineers and […]

Weekly News Roundup for December 11, 2015

These are some of the stories we’ve been following this week.

The U.S. Army Corps of Engineers has found additional private properties near Coldwater Creek in Missouri that have radioactive contamination from old nuclear processing waste storage sites.

Environmentalists and residents living near fracking sites have been criticizing the conclusions of […]

From Black Friday to Cyber Monday and Beyond

It’s the most popular shopping day of the year: the day after Thanksgiving, better known as Black Friday. Companies make huge ad buys in newspapers, cover the airwaves with sales, and open early—sometimes as early as Thanksgiving evening.

For some it’s a tradition: standing outside in the middle of the […]

Valuation of Drug Royalties

Drug royalties are the royalties paid primarily by pharmaceutical companies to academic institutions, scientists, and development stage biotechnology companies for the intellectual property (IP) produced by new drug development. It is important to note that multiple royalties can be paid on one drug to originators of the various patents […]

Weekly News Roundup for December 4, 2015

These are some of the stories we’ve been following this week.

There has been another major setback for Newhall Ranch, a proposed master-planned community on almost 12,000 acres along the Santa Clara River in Los Angeles County. The California Supreme Court rejected the project’s environmental impact report.

An Illinois pipeline is closer […]

Looking to Pipeline Projects Beyond Keystone XL

Last month President Obama put an end to speculation and debate about the Keystone XL Pipeline and denied construction of the expansion that would have added 327 miles to the existing pipeline. The announcement came after more than 6 years of discussion, plan reviews, and political and environmental groups weighing in […]

How Much Will the Mayflower Oil Spill Cost?

On March 29, 2013, the ExxonMobil Pegasus pipeline ruptured in a residential subdivision in Mayflower, Arkansas, about 20 miles northwest of Little Rock. Approximately 3,190 barrels (134,000 gallons) of oil spilled down a residential street and into storm drains, flowing into nearby waterways, including an unnamed creek, wetlands, and a cove […]

Wishing You a Happy Thanksgiving

The Greenfield Advisors offices are closed Thursday and Friday this week to celebrate the Thanksgiving holiday.

As we enjoy this short break, we would like to take a moment to express our gratitude for the opportunity to connect with you and to wish you peace, joy, good health, and abundance […]

By |November 25th, 2015|Categories: Blog, News|Tags: |0 Comments

Number of First-Time Homebuyers Declines Again

After years of recession and post-recession drops in home sales, the housing market has finally rebounded. This year looks to be the year that analysts will point to as the one where the housing industry could finally breathe a bit and look forward to the future.

However, one group made […]

Weekly News Roundup for November 20, 2015

These are some of the stories we’ve been following this week.

According to West Virginia’s latest assessment of properties owned by public utilities, property values fell in counties where coal is mined, whereas property values increased in counties where natural gas is extracted.

North Carolina counties have been passing moratoriums on […]

Greenfield Advisors Snapshot – Abigail Mooney

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Abigail Mooney, a Senior Analyst in our West Coast office.
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What are some memorable projects for you?

Any project where I’ve had the opportunity to design a survey […]

By |November 19th, 2015|Categories: Blog, News|Tags: , |0 Comments

The Benefits of Brownfield Redevelopment

You’ve probably heard of brownfields—abandoned or underutilized properties with real or perceived contamination. But you may not understand the risks they pose if not properly assessed and remediated, or the opportunities they present if carefully redeveloped. Today we examine the benefits of brownfield remediation and redevelopment, areas where we’ve […]

Weekly News Roundup for November 13, 2015

These are some of the stories we’ve been following this week.

Railroad bridges across the country are not receiving necessary repairs, and this could become a big problem as more oil trains roll across the country.

Senator Tammy Baldwin (D-WI) is asking Congress to add oil train safety provisions in the […]

Economy Continues to Rebound

A combination of a strong housing market and a solid jobs report has pushed the economy to the next level in the last couple of months. The summer was a great time to be a seller when it came to single-family homes. Prices were up and there was a […]

What Costs More Than Buying a House and Decreases Your Chances of Finding a Job? Diabetes!

November is National Diabetes Month in the United States, and November 14 is World Diabetes Day. In the spirit of these events, we decided to examine the economic effects of diabetes.
What is diabetes?
Briefly, diabetes mellitus is a group of metabolic illnesses. The food you eat is normally broken down […]

Weekly News Roundup for November 6, 2015

These are some of the stories we’ve been following this week.

President Obama rejected TransCanada’s application for a presidential permit for the Keystone XL Pipeline, citing concerns about the project’s contribution to climate change.

For-profit schools have been under attack by government agencies for predatory lending practices. Now the focus is […]

In the Midst of a Changing World, Keystone XL Pipeline Delay Denied

The Keystone XL Pipeline has been a point of contention for years. First proposed 7 years ago, the fourth phase of the U.S.-Canada oil pipeline faces critics from both sides of the border as well as new issues that weren’t factors when the idea of the pipeline was first conceived.

Despite […]

How Are Attempts to Increase the Minimum Wage Faring?

We’ve often posted about efforts to raise the minimum wage in the last couple years, from examining typical household budgets for those making the minimum wage to considering the effects of Wal-Mart’s wage increase. It seems the debate about a minimum wage is far from over though, so today […]

Weekly News Roundup for October 30, 2015

These are some of the stories we’ve been following this week.

The Gold King Mine owner spoke to reporters for the first time since the leak that sent contaminants into the Animas River in August, discussing his interactions with the U.S. EPA and his concerns about the source of the […]

Japan Restarting Nuclear Power Plants After Fukushima Accident

It’s been more than 4 years since the devastating Great East Japan Earthquake struck and sent a tsunami crashing into the eastern coast of the country. Almost 16,000 people died, and another 2,572 were reported missing. The one-two punch collapsed or damaged more than one million buildings.

Perhaps the most noteworthy […]

Greenfield Advisors Snapshot – Joshua Salisbury

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Joshua Salisbury, manager of new business initiatives.
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What are some memorable projects for you?

It would be difficult to pick one project, but I have enjoyed the work […]

By |October 27th, 2015|Categories: Blog, News|Tags: , |0 Comments

Weekly News Roundup for October 23, 2015

These are some of the stories we’ve been following this week.

Global investment in commercial real estate reached $407 billion in the first half of 2015, its highest level since 2007. New York City accounted for almost 10% ($40.1 billion) of that global investment, followed by London ($19.4 billion) and Los Angeles ($19.3 billion).

The Blackstone […]

More Links Between Fracking Operations and Earthquakes, Few Solutions

Hydraulic fracturing, better known as fracking, has been a boon to the oil industry in the United States. The technique pumps water and sand, along with some chemicals, into the ground to break up rock and free natural gas deposits.

In recent years, scientists have found those very chemicals in […]

Valuing the End of the World – Lenga Patagonia

In 2011 and 2012, Greenfield Advisors assisted our founder Bill Mundy, PhD, MAI, CRE (retired), in analyzing the Lenga Patagonia property in Tierra del Fuego, Argentina. Tierra del Fuego is the island province that lies at the southern tip of Argentine Patagonia—hence its nickname of Fin del Mundo, or […]

Weekly News Roundup for October 16, 2015

These are some of the stories we’ve been following this week.

Private equity firm Blackstone Group LP recently announced that it would pay $8 billion to acquire Biomed Realty Trust in one of the largest real estate investment trust (REIT) privatizations planned so far this year.

The House passed a bill 261-159 […]

How Have Appraisal Management Companies Affected the Loan Origination Process?

Anyone who has worked in the real estate or mortgage loan origination industries can confirm that there has been a lot of controversy in recent years about appraisal management companies (AMCs). AMCs manage a network of third-party appraisers who work independently or by contract. Ideally, AMCs serve as an […]

Weekly News Roundup for October 9, 2015

These are some of the stories we’ve been following this week.

The Los Angeles Unified School District is turning excess or underutilized land into affordable housing for low-income district employees.

Property values in Detroit are on the rise, thanks to the city’s work to demolish blighted buildings that are near single-family […]

Dr. Clifford Lipscomb to Head Cost of Living Index Committee

CARTERSVILLE, GA, October 8, 2015 – Dr. Clifford Lipscomb, Director of Economic Research at Greenfield Advisors, was named the chairperson of the Cost of Living Index Technical Advisory Committee. The Council for Community and Economic Research (C2ER) publishes quarterly the Cost of Living Index (COLI) and provides city-to-city comparisons […]

By |October 8th, 2015|Categories: News, Press Releases|Tags: |0 Comments

EB-5 Immigrant Investor Program Reauthorized until December

Amid all the discussion in Congress last month about a spending bill, the fate of the EB-5 Immigrant Investor Program was lost among the debates. However, talk of the future of EB-5 visas has included discussion on raising the amount of money needed to invest as well adding oversight […]

Weekly News Roundup for October 2, 2015

These are some of the stories we’ve been following this week.

The Keystone XL pipeline developer is dropping its eminent domain claims in court and is instead reapplying for state approval of its route through the Nebraska Public Service Commission.

A construction defects law is causing a shortened supply of new […]

Median Home Prices Across the Country Hovering Around $200K

The housing market has been having a good year, outside of a few dips here and there. Prices in most markets have continued to rise as sellers find themselves in an atmosphere where the demand for homes outpaces the supply. In what has become almost expected by analysts, sales […]

Weekly News Roundup for September 25, 2015

These are some of the stories we’ve been following this week.

As Congress debates reauthorizing the EB-5 immigrant investor visa program, here is a look at the program from the perspective of Indian investors.

The City of Oakland, California has sued Wells Fargo over predatory lending practices. The suit alleges that […]

Homes Sales Slow in August as Inventory Tightens

It was a good run, but the string of 3 consecutive months of increasing existing home sales ended in August. Existing home sales dropped last month, putting a crimp in the market’s continued recovery.

Sales of existing homes were down 4.8% from July, from 5.58 million down to 5.31 million homes. Year-over-year […]

Greenfield Advisors Snapshot – Holly Selby

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Holly Selby, an Associate Analyst in our East Coast office.
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What are some memorable projects for you?

While I was an intern for the City of Rome, Georgia, […]

By |September 22nd, 2015|Categories: Blog, News|Tags: , |0 Comments

Weekly News Roundup for September 18, 2015

These are some of the stories we’ve been following this week.

Evaluating schools and teachers with “value-added” measures and publicly releasing the results doesn’t affect the property values of nearby homes, according to a new study published in the Journal of Urban Economics.

The Ferguson Commission released its report commissioned by […]

Economic Census Offers New Look at the Great Recession

The last housing bubble burst in late 2007, sending the United States into a recession from which it would take years to recover. The housing market collapse caused ripples in a wide range of industries and jobs. Realtors, developers, and builders all felt the effects of the seemingly sudden […]

Weekly News Roundup for September 11, 2015

These are some of the stories we’ve been following this week.

A new Federal Housing Administration (FHA) Single Family Housing Policy Handbook (HUD Handbook 4000.1) takes effect on September 14. FHA will be hosting a number of trainings and webinars to help lenders, appraisers, and borrowers understand policy changes and […]

EB-5 Program Brings Jobs and Investments, Awaits Renewal

EB-5 Immigrant Investor visas are a hot topic for Congress this month, as the program needs to be reauthorized by September 30 to continue. The foreign investment program has been popular since it began in 1990, allowing businesspeople from other countries to gain visas into the United States as […]

Fallout from the Mine Wastewater Spill into the Animas River

One moment the Animas River looked like most other rivers in the San Juan Mountains: a torrent of dark water rushing downstream. Then a U.S. Environmental Protection Agency (EPA) accident sent millions of gallons of acid mine drainage into the river, turning it yellow.

On August 5, EPA workers entered […]

Weekly News Roundup for September 4, 2015

These are some of the stories we’ve been following this week.

While the Chinese economic crisis has made U.S. stock investors nervous, it is unlikely to pose a serious risk to the overall U.S. economy. It is, however, having mixed effects on American small businesses.

After a federal district court granted […]

Studying How the NIST MEP Helps U.S. Manufacturing Firms

The Hollings Manufacturing Extension Partnership (MEP), a program of the National Institute of Standards and Technology (NIST), is a nationwide network of manufacturing extension centers that provide services to small and mid-sized manufacturers to increase their competitiveness and productivity. Since it was established by the Omnibus Trade and Competitiveness […]

Protecting Consumers from Predatory Lending Practices

Odds are you know someone who has been taken advantage of by an unscrupulous lender. While there is no official definition of predatory lending, it is generally considered to include any lending practice in which the lender imposes abusive loan terms on a borrower or uses deceptive or coercive […]

Weekly News Roundup for August 28, 2015

These are some of the stories we’ve been following this week.

A New Jersey State Superior Court Judge has approved the state’s controversial $225 million settlement with ExxonMobil to resolve natural resource damage claims related to two oil refineries, industrial facilities, and gas stations.

Airbnb recently announced its partnership with two Chinese […]

Looking Back at Hurricane Katrina

Ten years ago, images of the Superdome, the home of the New Orleans Saints, were on every television channel. It was the end of August, and thousands of New Orleans residents huddled inside waiting out the devastation of Hurricane Katrina.

First making landfall in South Florida on the morning of […]

Some News from Greenfield – An Award, Hires, and Promotions

It’s been a busy summer. Greenfield Advisors expanded both the East Coast and West Coast offices with several new hires to keep up with our expanding services and increased client list, three employees received promotions, and our Director of Economic Research won an award for a recent paper.

Dr. Clifford […]

By |August 25th, 2015|Categories: Blog, News|Tags: , , |0 Comments

Weekly News Roundup for August 21, 2015

These are some of the stories we’ve been following this week.

A Texas lender has sued a number of Tampa Bay appraisers for damages associated with foreclosure losses, claiming that the appraisers violated appraisal standards and overevaluated homes before 2008.

The United States’ oil transportation and refining infrastructure is aging and […]

Builder Sentiment Up In Strong Housing Market

We’ve written numerous posts on how the housing market has rebounded since the Great Recession. Today home sales are on the rise, and they are pushing up prices as well. However, one group we haven’t examined much recently is the builders.

Builder sentiment, like the housing market, is on the […]

Greenfield Advisors Snapshot – Dr. Cliff Lipscomb

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Dr. Clifford Lipscomb.
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Dr. Cliff Lipscomb is the Director of Economic Research at Greenfield Advisors. He is also the head of the East Coast office located just […]

By |August 18th, 2015|Categories: Blog, News|Tags: , |1 Comment

Weekly News Roundup for August 14, 2015

These are some of the stories we’ve been following this week.

Mortgage credit availability is increasing. The latest Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers Association (MBA) increased to 125.5 in July, its highest level in years.

It’s a different type of credit check. Facebook has acquired a patent […]

Buyers Know What They Want in a Home

What are we looking for that will make a house our perfect home? It’s one of the first questions buyers ask themselves when they decide to buy a home. [Actually, even renters ask the same question (what makes a house a home). Our Director of Economic Research, Dr. Clifford […]

How Fracking Fares Around the World

Hydraulic fracturing has had a tumultuous relationship over the years with the public as well as with government officials. In the United States, fracking has been welcomed, studied, banned, and unbanned. Some states have opened their arms to the controversial process, while others have been cautious or outright prohibited […]