Sullivan Group


NEWSROOM Newsroom Our Articles/Newsletter Headline News Seminars Speaking Engagements		Sullivan Group In The News Given our expertise in economic and housing market trends, Sullivan Group Real Estate Advisors is frequently quoted by local and national media sources. Links to the articles can be found below. Scottsdale condo conversion market hits wall Arizona Republic, 7/24/2008 Read On KB Home building townhomes in Henderson Las Vegas Review Jourcal, 7/21/2008 Read On US housing slump creating 'ghost towns' UK Telegraph, 5/7/2008 Read On $2.2 million penthouse bought in Scottsdale as vacation home abc15.com, 6/18/2008 Read On Sacramento suffers in throes of oil shock Sacramento Bee, 6/14/2008 Read On Homeowners, you can almost touch bottom Las Vegas Review Journal, 6/04/2008 Read On Experts differ on outlook In Business Las Vegas, 5/30/2008 Read On Real Estate Plunge Deepens Voice of San Diego, 5/28/2008 Read On Housing skid leads to exodus of builders San Diego Union Tribune, 5/27/2008 Read On Housing experts differ on recession Las Vegas Review Journal, 5/23/2008 Read On Blue Ash picks Miller-Valentine for downtown redo Business Courier of Cincinnati, 5/22/2008 Read On April housing construction news positive San Diego Union Tribune, 5/16/2008 Read On Tumbling home prices seen Las Vegas Review Journal, 5/16/2008 Read On Resales of homes a house divided San Diego Union Tribune, 4/27/2008 Read On Survey: Home price plunge in S.D. fourth-worst in U.S. San Diego Union Tribune, 3/25/2008 Read On Investors rode housing boom, and now many are going bust San Diego Union Tribune , 3/23/2008 Read On Najafi to acquire Trend Homes The Arizona Republic, 1/31/2008 Read On Builders suffer as housing slump hits home In Business Las Vegas, 1/25/2008 Read On Behind the Meltdown: As capital prices sink, investors are circling Sacramento Bee, 1/19/2008 Read On Homebuilders limit supply Sacramento Business Journal, 1/11/2008 Read On Vegas home prices continue free fall In Business Las Vegas, 1/11/2008 Read On They see... Sacramento Bee, 1/06/2008 Read On 2007 Press Coverage 2007: The Year in Housing Voice of San Diego, 12/31/2007 Read On Bad news continues to build in the region San Diego Union Tribune, 12/19/2007 Read On In Downtown, Foreclosure Tugs on Prices Voice of San Diego, 12/07/2007 Read On 7 signs to signal a market recovery The Arizona Republic, 12/02/2007 Read On Pulte Homes will delay opening of green development Las Vegas Review Journal, 11/10/2007 Read On Getting Used to Life in a Housing Slump Voice of San Diego, 10/31/2007 Read On Nevada foreclosures: Worst yet to come In Business Las Vegas, 10/26/2007 Read On Housing Bubble and Real Estate Market Tracker Seeking Alpha, 10/24/2007 Read On No time out for builders Down-market home prices could be alluring, but buyers should be prepared to move fast San Diego Union-Tribune, 10/21/2007 Read On Latest sale item may be new home Pair of big house builders aims to clear backlogs by offering price cuts Las Vegas Review-Journal, 10/20/2007 Read On Home-loan insider invites limited government help In Business Las Vegas, 10/19/2007 Read On Inventory needs to drop in San Diego for housing market to return to stability San Diego Daily Transcript, 10/16/2007 Read On In Slow Times, Homebuilders Look to Cities for Help One of the country's biggest builders asks Santee to help pay for installing fire hydrants, water and gas hook-ups and more. Voice of San Diego, 10/15/2007 Read On Housing woes: Let's get real Analyst calls for 'acceptance' of 20 percent decrease in home prices Las Vegas Review-Journal, 10/10/2007 Read On Forecast dim for Las Vegas housing market Associated Press, 10/07/2007 Read On Experts say LV housing bad bet In Business Las Vegas, 10/5/2007 Read On Housing experts don't see real recovery until 2009 The Sacramento Bee, 10/3/2007 Read On No sign of relief in San Diego housing slump Agents, analysts and builders all share a pessimistic outlook. Los Angeles Times, 9/29/2007 Read On North Park, Encanto projects go on block San Diego Union Tribune, 9/17/2007 Read On Companies work to survive the real estate slump The Arizona Republic, 9/7/2007 Read On Imperial County housing outlook won't improve until job growth does, experts say San Diego Daily Transcript, 8/30/2007 Read On Home Front: Population 2 -- and poised to mushroom The Sacramento Bee, 8/17/2007 Read On Home+Office The Internet age has helped spur a steady rise in the number of units that allow people to live where they work. Multifamily Trends, 8/15/2007 Read On Downtown's Dramatic Residential Facelift Pauses Voice of San Diego, 8/10/2007 Read On Price drop may signal correction In Business Las Vegas, 8/10/2007 Read On Credit crunch hurts housing In a sign of a struggling housing market, Meritage Homes has shuttered its sales center at Inspirada after making no sales. In Business Las Vegas, 8/8/2007 Read On Open House: Baby boomers important for housing market Prices wobble, sales plunge again as the local housing market hits its 12th consecutive month of falling prices. Bend Weekly , 8/3/2007 Read On Housing Market on a 'Precarious Perch' Prices wobble, sales plunge again as the local housing market hits its 12th consecutive month of falling prices. Voice of San Diego, 7/13/2007 Read On Home builders slammed again Area prices, sales sag further in the second quarter, even though economy is strong. The Sacramento Bee, 7/13/2007 Read On Ariz. builder's troubles reflect housing slump The nation's home builders continue to fall on hard times. The Arizona Republic, 7/9/2007 Read On Head Winds Be Damned (Part II of III) The challenge is to work through excess supply, virtually at any cost, before demand can return to normal. Big Builder, 7/8/2007 Read On Affordability drives density In Business Las Vegas, 6/14/2007 Read On A Gray May for Home Sales In the time of year when the housing market is normally hot, May's sales, like the weather, were noticeably cool. Voice of San Diego, 6/14/2007 Read On Would-be home buyers hesitate Bay Area sellers drop prices, wait longer for offers as shoppers seek a better deal ... and fear their new purchase will drop in value. San Francisco Chronicle, 6/11/2007 Read On Retirement communities sing new tune to boomers The Sacramento Bee, 6/9/2007 Read On Foreclsoures up for investors The Arizona Republic, 6/9/2007 Read On Pent-up Demand: Myth or Reality? (Part I of III) Recovery Cycle Scenarios For New-home Economics. Big Builder, 6/8/2007 Read On 'We Buy Your House; You Buy Ours' As resale homes take increasingly more days to sell, some homebuilders offer trade-in programs. Voice of San Diego, 6/7/2007 Read On Turning the Corner Housing observers predict San Diego market has already bottomed out. San Diego Daily Transcript, 5/29/2007 Read On New-home sales jump on price cuts The 16.2% national gain is a surprise. Inventories continue to grow in Southern California as demand remains weak. Los Angeles Times, 5/25/2007 Read On Glimmers of optimism shine through mixed housing news Home foreclosures 'manageable,' repayments possible, experts say. San Diego Union-Tribune , 5/25/2007 Read On With $37M in Land for Sale, City Hite Real Estate Market The City Council approved the first large-scale city land sale in recent memory. Voice of San Diego, 5/22/2007 Read On Lengthy housing slump expected April sales of new and existing homes decline. The Sacramento Bee, 5/17/2007 Read On April Home Sales Hit Decade Low Drops in county home sales and increasing foreclosures draw out region's housing slump, stave off general market recovery. Voice of San Diego, 5/16/2007 Read On Mortgage Woes Force Banks To Take Hits to Sell Homes Wall Street Journal, 5/14/2007 Read On In Acqua Vista, Some Owners Under Water Fourteen of Acqua Vista's 383 condos are in foreclosure, painting a bleak picture for the Little Italy apartment-turned-condo project. Voice of San Diego, 4/30/2007 Read On It's a buyer's market - like never before Housing experts suggest reasons for record 50,000 listings in state The Arizona Republic, 4/9/2007 Read On Expensive digs grow in popularity, prices Custom-motorcycle builder Roger Bourget says he isn't having any second thoughts about paying $3 million for his condominium overlooking the hottest corner at Kierland Commons. The Arizona Republic, 3/17/2007 Read On As lenders tighten belts, market could slow further Major lenders of mortgages to consumers with poor credit have started to drastically change their lending policies, which could shrink the pool of eligible homebuyers. Voice of San Diego, 3/8/2007 Read On Hard luck for housing Countywide price median at its lowest point since July 2004. The San Diego Union-Tribune, 2/15/2007 Read On LV foreclosures spike in 4Q More than 19,000 Las Vegas Valley homes entered foreclosure in 2006, and the filings show no signs of subsiding. In Business Las Vegas, 2/9/2007 Read On Home prices heading south It's not the burst housing bubble that some doomsayers have predicted, but Las Vegas homeowners are cutting prices to sell their homes in this soft real estate market. In Business Las Vegas, 2/9/2007 Read On Housing glut gives buyers upper hand As spring home-shopping season looms, supply mounts and prices fall in some areas; builders see slow recovery. The Wall Street Journal, 1/25/2007 Read On In cooling market, condos keeping coming Unsold, brand-new condos make up about one-fifth of downtown's entire condo stock, and another 3,000 are currently under construction. Voice of San Diego, 1/16/2007 Read On Residents worry about condo complex's fate When Dave Flores, 45, bought his condo in June in Oceanside's River Oaks complex... North County Times, 1/15/2007 Read On Condo complex goes back to lender Maisel-Presley owes $35 million on project. The San Diego Union-Tribune, 1/11/2007 Read On 2006 Press Coverage The Year in Housing Real estate's great boom time came to an end in 2006. San Diego's experience exaggerated national trends just as it had during the time of skyrocketing appreciation. Voice of San Diego, 12/27/2006 Read On As luxury condos rise, demand hard to gauge Buyers for metropolitan Phoenix's most expensive condominiums have gotten pickier and more cautious at a time when developers are racing to build dozens of elite condo projects across the city. The Arizona Republic, 12/26/2006 Read On Las Vegas home prices rising, but... The slowdown in the Las Vegas housing market appears to be bottoming out in the fourth quarter, but that doesn't mean it will return to any kind of boom any time soon... Las Vegas Review-Journal, 12/23/2006 Read On Sleepy suburb gets ready for boom It's been called the ‘‘Road to Nowhere'' by locals, but the Sun Valley Parkway could become Main Street to nearly 1 million people as development booms in the metro area west of Phoenix. Mohave Daily News, 12/17/2006 Read On Changing Strategies What homebuilders are doing to stay competitive in a cooler market. California Builder, 12/2006 Read On More residents are calling condominiums home Living in a town home or a condo is becoming a more popular choice for Las Vegas Valley residents. In Business Las Vegas, 11/17/2006 Read On In Vegas real estate, the house always wins Don't expect Las Vegas to be hit hard by the real estate downturn, especially with 7,000 new arrivals a month. Los Angeles Times, 10/29/2006 Read On Luxury homes a hot spot in cooling residential real estate market Million-dollar homes selling fast San Diego Daily Transcript, 10/26/2006 Read On Baby boomers change senior housing trends San Diego County prepares for new 'gray' rush San Diego Daily Transcript, 10/26/2006 Read On Huge supply of homes keeps prices down People aren't bragging about how much their home appreciated in a single month. There are no bidding wars for homes. The Arizona Republic, 10/22/2006 Read On 'For Sale' Times 30,000 San Diego homebuyers have a lot of decisions to make. They have to sift through thousands of homes currently on the market to find the perfect fit at an attainable price. Voice of San Diego, 10/18/2006 Read On Housing slowdown here, especially prices, may bring buyers back to market Despite home price reductions and relatively high inventory levels in San Diego County, total sales volume in 2006 will be noticeably lower than 2005. But this isn't necessarily a negative. The Daily Transcript, 10/17/2006 Read On Economy's growth a mixed bag Slowdown in housing, inflation are concerns San Diego Union Tribune, 10/13/2006 Read On Home sales, prices still falling County sees declines unseen since early '90s San Diego Union Tribune, 10/12/2006 Read On Home Price Drop Largest in 13 Years The overall median home price in the county in September was $22,000 lower than it was last year, dropping 4.42 percent to $476,000, DataQuick Information Systems reported Wednesday. Voice of San Diego, 10/12/2006 Read On Home sales, sweet home sales: Builders plot strategies What does the future hold for new housing development in the Las Vegas Valley? In Business Las Vegas, 9/29/2006 Read On Condo conversion craze grinds to halt Oversupply of units hurts prices, leaves investors in limbo San Diego Union Tribune, 9/24/2006 Read On Master plans out, townhomes in Builders said to target urban core, valley outskirts Las Vegas Review Journal, 9/21/2006 Read On Homebuilders push for annexation to small Sutter town Land could hold another 12,000 or so houses Sacramento Business Journal, 9/15/2006 Read On Flippers Flee, Long-Term Investors Hold On As prices have declined, sales have slowed, and inventory levels have risen in recent months, the get-rich-quick, house-flipping days seem to be over for a while. But that doesn't mean all forms of real estate investing are dead in San Diego. Voice of San Diego, 9/14/2006 Read On Standard Pacific Abandons Downtown L.A. Condo Deal The 272 units, which failed to attract enough buyers, will be leased as apartments instead. LA Times, 9/06/2006 Read On Borrowers Wary of Banks' Reactions to Defaults Lenders could favor commercial projects California Real Estate Journal, 8/28/2006 Read On Sales incentives keep adding up as condominium inventory increases Are these incentives working, and what does the future hold for the condo market? The Daily Transcript, 8/17/2006 Read On Developers Offer Condo Sales Incentives Developers Offer TVs, Gyms, Skyline Views, Other Incentives to Sell Condos in Slow Market ABC News, 8/13/2006 Read On San Diego developers offer TVs, other incentives to sell condos The hip Atria condos have a lot to offer young professionals and empty-nesters - a prime downtown address, skyline views, gym, rooftop deck and units starting at $300,000. San Jose Mercury News, 8/13/2006 Read On Sweet Suite Home Developers in National City have taken condo conversions to a new level, planning to convert a hotel building into for-sale units. Voice of San Diego, 8/10/2006 Read On ‘Smart Growth’ Calls for ‘Street Smarts’ Latest Projects Serve as a Catalyst, Provide Creativity to Community San Diego Business Journal, 7/17/2006 Read On Condo Prices See Significant Drop While the news that home prices finally went negative year-on-year last month grabbed plenty of attention this week, a new report shows that the price dip has been even more exaggerated for condos and townhomes. Voice of San Diego, 7/14/2006 Read On Housing hangover With the county's median home price experiencing its first year-to-year decline in a decade, would-be sellers are feeling a... San Diego Union Tribune, 7/13/2006 Read On First Yearly Home Price Drop in a Decade It's been nearly 10 years since the median sales price of homes in San Diego dropped year-on-year. Voice of San Diego, 7/13/2006 Read On June was cold month for resales The Valley's resale housing market took a hard fall in June, its worst performance for the month since 2000 and clear evidence that buyers sat out the start of the crucial summer selling season. The Arizona Republic, 7/13/2006 Read On County housing market continues to soften San Diego County's housing market continued to lose steam in June, with median home prices posting their first year-over-year decline in a decade and sales dropping for the 24th straight month. San Diego Union Tribune, 7/12/2006 Read On Brookfield Homes' shares drop after sales forecast cut Washington, D.C., S.D. markets blamed San Diego Union Tribune, 7/08/2006 Read On Is the Price Right? Summer days hot, real estate market not The Modesto Bee, 7/07/2006 Read On A hit on affordability Cooling housing market, soaring material costs make density problematic The Daily Transcript, 7/06/2006 Read On How low will it go? Home prices may dip 10% as fear grips Valley market The Arizona Republic, 6/18/2006 Read On Condo switch sales level off Official foresees drop in prices for converted former apartments Las Vegas Review Journal, 6/09/2006 Read On A Concrete Problem: Middle-Income Housing The soaring price of cement is having a disproportionate effect on lower-middle to middle-income families. Business Week Online, 6/09/2006 Read On Seeking seniors for age-targeted housing Developments grow in popularity, but region seeing mixed results Northwest Indiana Times, 6/04/2006 Read On Spot Check With the market softening, BIG BUILDER put its collective ear to the ground to find out what builders nationwide are offering as incentives. Big Builder, 5/2006 Read On Real estate firm expects a 10% decline in home sales in '06 With new home construction declining and sales slowing, the predicted 2006 housing market slowdown in San Diego County is very real... The Daily Transcript, 5/26/2006 Read On Brakes slammed on for housing in the once-hot Las Vegas area It's a buyers' market in the Las Vegas Valley, once the hottest, fastest-growing housing market in the country. The Daily Transcript, 5/22/2006 Read On Home sellers beware Buyers are in control as number of houses for sale soars in Las Vegas Valley Las Vegas Sun, 5/21/2006 Read On Housing's Middle Ground When Peter Dennehy, senior vice president of Sullivan Group Real Estate Advisors, started to outline San Diego County's rather gloomy decline in home sales activity, a few sighs went up from the crowd of real estate industry players who had come to see him speak. Voice of San Diego, 5/19/2006 Read On Resales taking a tumble Home sales are plunging in metropolitan Phoenix, even as record numbers of people decide to put their houses on the market. The Arizona Republic, 5/13/2006 Read On Keeping it cool County's overall median home price inches higher as sales sag, listings surge San Diego Union Tribune, 5/11/2006 Read On Break All the Rules at PCBC Go ahead. Break all the rules. BIA Builder, 5/2006 Read On Southland Builders Optimistic on Market Outlook for home sales in the West contrasts with that in the U.S. overall, a survey shows. Los Angeles Times, 4/18/2006 Read On Las Vegas housing market continues to favor buyers The Las Vegas Valley housing market continues to evolve into one that favors buyers over sellers and homebuilders In Business Las Vegas, 4/14/2006 Read On Mesquite set for explosive growth The sleepy town of Mesquite is in line for big changes, with the groundbreaking of a major master-planned community that is expected to double the small city's size in seven years. In Business Las Vegas, 4/14/2006 Read On Phoenix loses home-building title but performs well Metropolitan Phoenix has lost its title as the top home-building market in the country. The Arizona Republic , 4/09/2006 Read On Investors bouy home sales 40% of purchases were for second properties San Diego Union Tribune, 4/06/2006 Read On Downtown downturn? With more condos on the market in central San Diego and appreciation flattening, boom appears to be slowing San Diego Union Tribune, 4/02/2006 Read On Sales stopped at off-Strip Las Vegas condo project Sales have been suspended at another luxury condominium project in Las Vegas, as analysts said interest had dwindled in properties that were not close to the Strip. San Diego Union Tribune, 3/28/2006 Read On Curve taken out of the loop Sales suspended for condominium development, but exec says project isn't dead Las Vegas Review Journal, 3/28/2006 Read On New-home sales slide is biggest in 9 years Inventory up, escrows down; decline is sharpest in West San Diego Union Tribune, 3/25/2006 Read On In 2006, extreme home design may fall to kid-friendly amenities, say real estate specialists A tug of war between function and fashion is on display North County Times, 1/05/2006 Read On 2005 Press Coverage Housing 'bubble' a myth because economy too strong, say observers As housing prices seem to be reaching unsustainable levels nationwide, there continues to be a belief in the presence of a housing "bubble" and its inevitable burst. The Daily Transcript, 11/18/2005 Read On Leaner times seen for home builders, but no crash More work, less profit. That's the near-term future for local home builders North County Times, 11/16/2005 Read On For some, housing bubble is still floating Most local experts have railed against any thought of a Las Vegas housing bubble In Business Las Vegas, 11/11/2005 Read On Tim Sullivan Up Close Tim Sullivan was born in Kansas City, Missouri and moved to Los Angeles, California in 1969. BIA Builder, 11/2005 Read On Condo conversions in county cooling off Flood of units has lowered demand, forcing developers to offer incentives San Diego Union Tribune, 11/07/2005 Read On Bursting the bubble talk Southern Nevada housing market just 'settling in' In Business Las Vegas, 10/28/2005 Read On Report indicates housing costs still a concern for Las Vegas Housing affordability has become an acute concern for Las Vegas Valley residents Las Vegas Review Journal, 10/28/2005 Read On Consultant sees no housing bubble in LV The much ballyhooed housing bubble isn't happening Las Vegas, a real estate consultant said Tuesday. Las Vegas Review Journal, 10/27/2005 Read On Despite hurricane chill, analysts still predict hot housing market Despite a nationwide slowdown in housing sales due to the economic fallout from Hurricane Katrina, Tucson’s housing market is likely to stay brisk Inside Tucson Business, 10/05/2005 Read On Las Vegas' condo boom comes with layer of glitz The boom in high-rise condo projects in this city's canyon its own new status symbol -- the celebrity resident. Los Angeles Times, 9/26/2005 Read On Developer: Construction costs mandate second Majestic tower After quietly suspending sales for his condominium-hotel on the Las Vegas Strip several months ago, Lorenzo Doumani said he needed to take a step back to evaluate skyrocketing construction costs. Las Vegas Sun, 9/23/2005 Read On Housing prices ease down in July from June The median price for existing North County homes fell slightly in July from a month ago, as sellers continued to adjust to the realities of a less-heated market. North County Times, 9/12/2005 Read On San Diego: Pacific Coast poster child for infill development The urban infill market here is one of the nation's fastest-growing, with developers cashing in on the convergence of a revitalized downtown, a state-of-the-art ballpark and the return of urban buyers. Multi-Housing News, 9/01/2005 Read On Big mix of housing might spark revitalized downtown The new Millennia Sacramento plan for the downtown railyard proposes creating a new neighborhood from scratch Sacramento Business Journal, 7/18/2005 Read On Erratic real estate market a concern Desperate house hunters, risky financing, a dip in housing appreciation, and a stagnating office market have San Diego’s real estate experts fastening their seat belts for what could be a bumpy ride ahead. San Diego Business Journal, 6/20/2005 Read On Independent minds Barratt takes a different tack after splitting from British parent San Diego Union Tribune, 6/19/2005 Read On PCBC builders conference looks at market San Diego County's condominium market may be poised for a correction San Diego Union Tribune, 6/12/2005 Read On County condo market in the middle of a boom The combined trends of empty nesters wanting to downsize after their youngsters leave home, the rising cost of detached homes and a general growing interest in attached homes are making the condominium market a booming business. The Coast News, 5/13/2005 Read On Buzz meets speculation in high-rise market In the past year and a half, the high-rise market in Las Vegas has exploded. In Business Las Vegas, 4/01/2005 Read On Expert: High-rise shakeout is likely There will continue to be a shakeout within the Las Vegas high-rise market as some projects make it and others fall by the wayside, an industry expert said. Las Vegas Sun, 3/28/2005 Read On Tim Sullivan gave an outstanding presentation on the health and vitality of the Las Vegas housing market Condos and Townhomes, 3/2005 Read On S.D. housing housing slowdown won't last, some say San Diego Business Journal, 3/07/2005 Read On