Real Estate Blog, Mortgage, and Development News
Today is Friday, November 21st, 2008
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!You grew up in Northern New Jersey, went off to school and were fairly successful. Lived in Alpharetta, Georgia in your 3,500 square foot house, but wanted someday to get back to ‘Jersey’. So you put your name in the [...]
19Oct2005 | Tom Royce | 0 comments | ContinuedThe Palm Beach Post has an article on a potential housing squeeze as Florida housing prices 24.5% over the last 12 months that ended June 30th, while income rose only 5.4%. While we all love housing appreciation, when it causes a displacement of workers it can be troublesome. Low income workers are a necessity to the [...]
19Oct2005 | Tom Royce | 0 comments | ContinuedThe red hot real estate market in San Fransisco region has slowed ever so slightly, but by looking at the housing prices one would never know it. The area sold 730 less homes, but those that did sell were for 100,000 dollars more on average. The typical Bay Area home sold for $616,000 dollars as [...]
18Oct2005 | Tom Royce | 1 comment | ContinuedWe are all so busy, and when we are looking for a new house, it is drive around or surf the web to find that next house. One of the newest things that is coming out is the concept of podcasting for the realtors. They will create a verbal tour of the house for the [...]
17Oct2005 | Tom Royce | 0 comments | ContinuedAMLI Residential, one of the largest apartment complex management firms in Atlanta is developing a new property in Northeast Atlanta, in one of the most affluent sections of the city. Partnering with Northwestern Mutual, AMLI will develop a 245 apartment community the will contain 234 thousand square feet of rental space.
AMLI currently manages 75 [...]
The Wyndham International Hotel Group was acquired by the Cendant Corporation for 101 million in cash. The acquisition includes 82 franchise agreements, 27 management contracts and the worldwide rights to the Wyndham brand for hotel and timeshare development.
This increases Cendants breadth into the hotel marketplace by providing an upscale brand to compliment their other [...]
As there is concern over a bubble in some of the coastal markets, in the heart of the country housing is still in great demand. D.R. Horton is a builder throughout the southeast, is experiencing tremendous growth on almost every level.
From the AP:
D.R. Horton Inc., the nation’s biggest homebuilder, said Tuesday that its home sales [...]
11Oct2005 | Tom Royce | 0 comments | ContinuedNashville is a great little city. All the things you are looking for in a city, great restaurants, a vibrant arts and entertainment scene, and colleges and universities on nearly every corner. And it looks like, America has discovered it.
From Inman News:
Home sales in the Greater Nashville, Tenn., area jumped 10.9 percent in September from [...]
11Oct2005 | Tom Royce | 0 comments | ContinuedIt looks like mortgage rates are pushing the 6 percent mark, a significant milestone for the real estate industry.
From CBS Marketwatch:
After four consecutive weekly hikes, the benchmark 30-year fixed-rate loan is just under 6%, a psychologically significant level that hasn’t been breached in six months. Given the inflation-fighting talk coming out of Federal Reserve [...]
10Oct2005 | Tom Royce | 0 comments | ContinuedOne if the consequences of the aftermath of hurricanes Katrina and Rita that have hit the Gulf Coast is the speculation buying that has begun. Damaged homes, lots with rubble, and houses in states of disrepair have “For Sale” signs on them as “Placards announcing “We Buy Houses, Cash!,” are posted on corners throughout [...]
10Oct2005 | Tom Royce | 0 comments | Continued