Archive for January, 2006

2006 Will Be The Second Best Year in Real Estate History

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!This is an amazing statement:
2006 will be the second-best year the real estate industry has ever experienced, RE/MAX chairman Dave Liniger said in a company statement today. via Inman Real Estate News
The article goes on to explain that [...]

25Jan2006 | Tom Royce | 0 comments | Continued

BB&T Stops Lending to Projects Taken by Eminent Domain

BB&T deserves to be bank of the year. They have recognized the dangerous and misguided precedent created by the Supreme Court and will not lend to developers that take property through use of the Eminent Domain laws.

“The idea that a citizen’s property can be taken by the government solely for private use is extremely [...]

25Jan2006 | Tom Royce | 0 comments | Continued

Market Highs and Lows: A Prediction

The following is a personal thought sparked by Toddi Gutner at Business Weeks Hot Property Site. Toddi asked, When is the High, What is the Low? In this post, she is trying to understand the dynamics of this real estate cycle. I do not have a definitive answer, but I do have some observations for [...]

25Jan2006 | Tom Royce | 6 comments | Continued

DR Horton Closes On 58,000 Homes in 2005

D.R. Horton had a banner year for 2005, and is expecting a solid year in 2006

D.R. Horton Inc., the nation’s largest homebuilder, on Thursday boosted its fiscal year earnings forecast, projected closing on a record 58,000 homes for the year and touted 29 percent first-quarter growth, despite signs that the housing market is leveling off. [...]

25Jan2006 | Tom Royce | 0 comments | Continued

Celebrity Home Sales - Shakira Puts Up Miami Beach Mansion For Sale

Shakira, the world famous singer, has decided that her six thousand square foot waterfront home is too small. This 6 bedroom mansion is expected to sell for over 5 million dollars.
Shakira wants more space and has put her 6,500-square-foot Florida mansion on the market, her real estate agent said Friday.
The waterfront property in an exclusive area [...]

24Jan2006 | Tom Royce | 0 comments | Continued

Myrtle Beach Home Sales Show Large Increase in 2005

The Grand Strand, which is the coastal region of South Carolina surrounding Myrtle Beach, showed a strong increase in sales in 2005. This accompanied a strong increase of throughout the state of South Carolina which showed sales increases of 23% in volume and average price per home increased by 9.6% year over year.

Along the [...]

24Jan2006 | Tom Royce | 0 comments | Continued

Americans Oppose Eminent Domain use by 2 to 1 Margin

In a survey that will surprise absolutely no one, the American Farm Bureau ran a poll and found that Americans oppose any use of eminent domain by a 2 to 1 margin, and use for private gain by a 6 to 1 margin. Legislatures all around the United States are coming out with legislation to stop [...]

24Jan2006 | Tom Royce | 0 comments | Continued

Broward County Private Public Low Income Housing

As we have discussed before, one of the growth markets for builders in the coming years is the low end housing market. Broward County has embraced this with a new program that is designed to work with builders to develop properties for low income buyers.
This program puts new fresh homes in areas that are [...]

23Jan2006 | Tom Royce | 5 comments | Continued

Harrah’s Vying To Build Casino Complex in Downtown Pittsburgh

It looks like the slot machine casino that will be built in downtown Pittsburgh will be a great opportunity for development in the downtown area. Harrahs is seen as the leading candidate, as they look to build “a casino complex on 12.3 acres east of the Fort Pitt Bridge, where the Chevrolet Amphitheater and its parking [...]

23Jan2006 | Tom Royce | 0 comments | Continued

Rochester Sees Slow Down, but no Fear

Rochester, New York, is a typical real estate community in the United States. As opposed to the overheated markets of Boston, New York, Long Island, Florida, and the California coast, Rochester has seen a busy market over the past 5 years but not an unrealistic market.
For many in middle America, the talk of housing [...]

23Jan2006 | Tom Royce | 0 comments | Continued