Archive for March, 2006
Silicon Valley Homes Hit Record High in February as Sales Slip
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Silicon Valley has for years been the most expensive housing market in the country and has followed the trends of the technology industry as much as the housing industry. And it looks like this trend has nit changed. With [...]
17Mar2006 | Tom Royce | 1 comment | Continued
10 Fastest Shrinking Counties In the United States
These are counties that are shrinking the fastest in the country. It looks like the moves are from rural counties that have lost their primary industries and the young are moving away.
The Top 10 Fastest Shrinking Counties – 2004 – 2005
Chattahoochee, Ga. -6.2%
Liberty, Ga. -4.9%
Lampasas, Texas -4.7%
Washington, Ga. -4.3%
Norfolk (city), Va. [...]
Top 10 Fastest Growing Counties in the United States
The Census Bureau has released the data for the top 10 fastest growing counties in the United States. The trend leans towards the west and the south as the leaders of growth.
The Top 10 Fastest Growing Counties in the United States – 2004–2005
Flagler Florida 10.7% Increase
Lyon County Nevada 9.6% Increase
Kendall County Illinois 9.4% [...]
2 Trillion in Mortgage Debt to Be Reset in 2006 and 2007
During the housing boom, a combination of optimism and desperation caused many people to purchase their homes with Adjustable Rate Mortgages (ARMs). When you are seeing double digit growth rates in property values and can get in at 3 percent for 3 years it was too tempting for many people.
Now they will have to [...]
Federal Reserve Will Not Protect Housing Run Up Gains
Found through one of my favorite reads, the Northern New Jersey Real Estate Bubble, has an interesting post on the shifting of the Federal Reserve in managing the monetary supply.
In the past under Greenspan, the Fed would have aggressively tried to protect the asset gains of the owners of bubble bought homes, but in a [...]
Asbury Park New Jersey Resort Stops Eminent Domain Take Over
The light of day is all that is needed to stop eminent domain abuses. In Asbury Park, New Jersey a development company wanted the city to condemn a property to build their resort through eminent domain. Instead of offering a dollar figure that the homeowner would bite on, or recognizing the rights of the homeowner to [...]
16Mar2006 | Tom Royce | 0 comments | Continued
Toll Brothers Comes To Atlanta
Interesting article on Toll Brothers coming to Atlanta. It looks like they are making the decision to move assets to regions that have not had the high run up and bubbles and try to enter the more stable markets. Atlanta, with its 72,000 new housing starts a year, is the leading stable market in the [...]
16Mar2006 | Tom Royce | 0 comments | Continued
Landlord Faces Jail Even Though LLC Owned Property - A Real Estate Lesson
Do not think because you have you properties under an LLC or Corporation that you can let them fall into disrepair. A judges ruling in Buffalo, New York says that you can be personally liable if you allow your properties to fall into disrepair as Joy Drati found out. He was extricated from California and [...]
16Mar2006 | Tom Royce | 1 comment | Continued
Historic Renovation of WWII Building Into Offices In Boca Raton
This is a heartwarming story. Florida Atlantic University Development and Research Park has renovated a World War II building at the old Boca Raton Airfield. What makes this story special is that in this day and age of teardowns to see a developer take the time and care to restore a property that will preserve a footprint [...]
15Mar2006 | Tom Royce | 0 comments | Continued
Katrina’s Wake Leave Huge Mortgage Problems
Almost 12 percent of mortgages in Katrina’s impact zone are more than 90 days behind in their mortgage payments a new study shows. This is 10 percent more than the rate before Katrina came through and devastated the region.
Not surprisingly, the highest level of mortgages behind in their payments is the sub prime market. The [...]
I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
I just found your blog and it's filled with great information. One of my goals this year is to update ...
Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
I like your blog and I have read many of your articles. I agree that it is amazing the ...
Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home ...
I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, ...
I have had great success using craigslist. Renters need to be careful and make sure they check out their landlord ...
This is the start of where the market can begin to level out.
Home owners will start to be able to ...
