Archive for December, 2005

Real Estate Sales in Raleigh North Carolina Skyrocket

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Raleigh North Carolina housing market is booming, as are many others in the Southeast, and people looking to relocate from areas that the housing prices have peaked look to move to more affordable areas.

The hot housing market [...]

22Dec2005 | Tom Royce | 1 comment | Continued

New York Realtors “Your Sued”; Donald Trump “Your Insane”

A farce as only “The Donald” could be involved in is acting out in New York City over real estate commissions on the sale of the waterfront property that runs from 59th Street to 72nd Street in Manhattan.

Donald Trump faces a lawsuit by three real estate brokers who say he still owes them $1.3 [...]

22Dec2005 | Tom Royce | 1 comment | Continued

The Reflex Effect

Chris Palmeri at the Hot Property Blog over at Business Week has a strong post on how human nature affects pricing and sales. As opposed to price being the only consideration, velocity of sales must be looked at as a key indicator to the housing markets health.

Rising prices get more people excited about buying, even [...]

22Dec2005 | Tom Royce | 0 comments | Continued

Boston Real Estate Flippers Face Tough Condo Market

The Boston Condo Market, so hot for so long, is slowing down just as a surge of inventory is coming to market. The market has spawned a contingent of flippers, people who buy pre-construction condos and then sell them when the buildings open for a windfall profit. These flippers are finding a soft condo market [...]

22Dec2005 | Tom Royce | 0 comments | Continued

David Berson, Chief Economist at Fannie Mae is Not Worried About Crash

Damon over at The Walk Through has this observation about the real estate market through the eyes of a man who is an expert at watching real estate trends.

David Berson, the chief economist at Fannie Mae, isn’t getting gloomy about the housing market. In an interview during the Nightly Business Report on PBS last [...]

22Dec2005 | Tom Royce | 1 comment | Continued

Interest-Only: Borrower Beware - Washington DC Real Estate

In overheated markets like the Washington DC area, housing prices have outstripped the ability to borrow in a typical fashion. The Washington Post has an article today on the perils of Interest Only mortgages and the damage they can reap if interest rates keep rising.

Steve Clerman decided to refinance his townhouse in Montgomery Village [...]

22Dec2005 | Tom Royce | 0 comments | Continued

Housing Bubble Deflating According to the Monthly Housing Market Index

This tells me the national trend is telling me that the trend will be nationwide for a slowdown in new housing across the country, but it seems like an orderly cooling down, not a precipitous drop.

The monthly Housing Market Index compiled by the National Association of Home Builders and Wells Fargo Bank, a gauge of [...]

22Dec2005 | Tom Royce | 0 comments | Continued

Graham County Real Estate is Growing - Eastern Arizona Real Estate

Eastern Arizona is booming as the copper industries demand for workers is driving housing sky high. There are parts of Canada that are booming also with the mining of sand oil. So as some areas of the country slow down due to economic influences, others take off.

Realtors in the Gila Valley worked overtime this [...]

22Dec2005 | Tom Royce | 0 comments | Continued

Lead Paint Legislation To Hurts Rochester NY Real Estate Values

Lead Paint legislation for the city of Rochester, New York is making low income housing costs go up that could provide pressure on low income housing in the city.

Realtors say the new legislation may drive landlords out of the market and stop others from getting into the market. Members of the Greater Rochester Association of Realtors [...]

21Dec2005 | Tom Royce | 1 comment | Continued

Floridians Optimistic Double Digit Growth Will Continue - Florida Real Estate

Got to love the optimists… PNC did this survey of 200 wealthy South Floridians, and heard a level of optimism not heard much these days.

We believe that South Florida real estate remains a good investment,” said Robert Saltarelli, regional president of PNC Advisors in Naples. “Depending upon the individual client’s income and liquidity needs, [...]

21Dec2005 | Tom Royce | 1 comment | Continued