Archive for November, 2005

Bloggers Roundup

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Housing Bubble Blogger has a feature story today on speculators buying up condos in Las Vegas. Interesting take on condo speculation in that town. I had friends who went to UNLV and their parents would buy a condo [...]

8Nov2005 | Tom Royce | 0 comments | Continued

PMI - A New Way to Look At Regional Housing Prices

Is your house at risk of being overpriced in todays market? There is a new tool out that tries to quantify the numbers and determine which markets have the greatest risk in them.

But a group of economists in the business of assessing financial risk have come up with a new statistical tool to detect [...]

8Nov2005 | Tom Royce | 0 comments | Continued

Luxury Properties - East Coast

Riverside Drive, New York, New York – $ 5,500,000 5 Bed, 5 Bath3,100 Sq. Ft.. Condo/Townhome/Coop Property, Area: New York, County: New York, Year Built: 1926, View, Waterview, Office Virtual Tour
Washington, DC – $4,395,000, 6 Bed, 4 Bath, 0.22 Acres – RESIDENCE: Originally a part of the historic Evermay estate dating to 1792, this [...]

8Nov2005 | Tom Royce | 0 comments | Continued

Is Zillow the beginning of the end of the 6 Percent Commission?

Zillow. Zillow. This could be the term that the traditional real estate agent will dread, much as Expedia is the name that helped put thousands of travel agents out of work. The worst part for your neighborhood realtor, the same guys that started Expedia are behind Zillow.
No one really knows what Zillow will do. [...]

7Nov2005 | Tom Royce | 3 comments | Continued

Thomas M. Stevens, New President of the National Association of Realtors

Thomas M. Stevens has been named the new head of the National Association of Realtors. He will be leading the battle between Realtors and the Presidents tax commissions, which wishes to reduce the mortgage deduction on luxury properties (or shacks in the northeast.).

Thomas M. Stevens, a prominent Washington area real estate broker, was installed as [...]

6Nov2005 | Tom Royce | 1 comment | Continued

Selling? Get a Top Flight Chef For Your Open House

As the housing market slows in some parts of the country, the better realtors are digging into their bag of tricks. Instead of just throwing an open house and sitting around waiting for people to show up, the high end realtor is bringing out her bag of tricks.
Things such as A-List chefs and invitations [...]

5Nov2005 | Tom Royce | 1 comment | Continued

Chief Economist for NAR Predicts Future of Real Estate

The National Association of Realtors had their annual meeting in San Francisco this past week, and the Chief Economist for the NAR, David Lereah, had some interesting assessments for the coming year for the real estate industry. His outlook is cautiously optimistic, recognizing that the red hot growth in real estate will slow, but that [...]

5Nov2005 | Tom Royce | 0 comments | Continued

Quote of the Day

You’d be foolish to expect Bernanke, or anyone else in his position, to say anything else. Who would stand a chance of being confirmed by the U.S. Senate (going into an election year) after expressing belief in a catastrophic housing bubble? I’m going to guess that selling yourself after that admission would be like selling [...]

3Nov2005 | Tom Royce | 0 comments | Continued

Mortgage Rates Soar from 6.24 to 6.37 Percent For 30 Year Mortgage

Rates soared to levels not seen in 18 months this week as the 30 year mortgage rose to 6.37 percent. The raise is attributed to 3rd quarter growth in the economy and expectations that the Federal Reserve will be planning a rate hike at their next meeting.
The average 15-year fixed mortgage rate jumped as [...]

3Nov2005 | Tom Royce | 0 comments | Continued

A Bubble Bloggers Round Up

Some of our favorite real estate blogs articles from the last couple of days.
The Housing Bubble 2 has an article on the debt that even higher income families are coping with to support thier lifestyles, especially housing costs.
The Bubble Meter has a perceptive post on bubbles and the effect globalization has the real estate market.
The [...]

2Nov2005 | Tom Royce | 0 comments | Continued