Archive for July, 2006
Sanford Florida Haunted House for Sale
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!If you are looking for the one of a kind home, we have founded it for you in Sanford, Florida. The historic home is believed to be haunted by an elderly woman. She slams doors, moves things around the [...]
24Jul2006 | Tom Royce | 6 comments | Continued
‘It’s David against Goliath’ - But David is Coming Back Strong
The power of eminent domain can be intimidating and overwhelming to the typical property owner. The government comes in with their full power saying we will take your property and this is what we will offer. And you have to take it. If not, we have the right to have people with guns to force [...]
23Jul2006 | Tom Royce | 1 comment | Continued
Why State Real Estate Commissions Can Hurt the Consumer
The real estate industry is facing many challenges through discount brokers and new technology. The model predicated on information hoarding and control is now forced to face that the consumers are empowered in ways that never have been seen before. Yet the commission and cost structures have barely changed.
One reason why this is true was [...]
Senior Citizens Paying Off Mortgages At Slower Rate
Historically, very few senior citizens have carried mortgages into their later years. The tradition is that mortgages will be paid off and housing will be a cost that is very low. But now more and more senior citizens are paying a mortgage and that will have an impact on their quality of life.
Welcome to a [...]
22Jul2006 | Tom Royce | 0 comments | Continued
Argent Mortgage Uses Danica Patrick to Introduce New Alt-A Product
In an interesting move, Argent Mortgage is introducing a new product using Danika Patrick, the Indy Car Racer they sponsor. The Alt-A Advantage is aimed at non prime borrowers who are looking to find alternatives to the present offerings on the mortgage market.
Danika Patrick has been in the news as she is negotiating with both Indy [...]
Builders Increasing Incentives to Sell Inventory
As the summer continues, builders in parts of the country are having to use expensive incentives to move homes. To keep the homes moving and revenue coming in, builders are having to offer deals that would have been unthinkable a year ago.
Builders who overestimated this summer’s new home demand face contract cancellations and slowing sales [...]
Highest Price Ever For Skyscraper in the South
The Atlanta Bank of America Plaza was sold today by Cousins Properties for 436 million dollars, almost 348 dollars per square foot. This is the most that has ever been spent for a property in the south.
The high prices being paid for commercial realty is an indicator that the slowdown in residential has not affected commercial [...]
Southern California Real Estate Scam - 3 Charged
I think we will be seeing more and more of these scams as 3 Southern California suspects were charged with identity theft and making false mortgage loans to swindle homes that were in foreclosure. The thieves would pay off the mortgages under foreclosure using straw men or identities that had been stolen and then refinance the homes [...]
21Jul2006 | Tom Royce | 2 comments | Continued
The $1,000 Per Square Foot Ceiling Has Been Shattered
The $1,000 sq ft barrier has always been the holy grail of commercial real estate. First a property on the Venture Capital Mecca of Sand Hill Road sold for 1,000 a square foot, now we have 2 properties in Manhattan selling for this amount.
Real estate is always pushing new levels, but this is a historic [...]
Tim Allen’s Childhood Home For Sale
The childhood home of Tim Allen is for sale in the Country Club section of Denver. The home was where Allen grew up during his earliest years before the passing of his father at age 11. Tim Allen is best known for his role as the mis-stepping fixer upper in the hit series “home Improvements”.
The [...]
It is possible that you are right. I do believe the solution is (what is happening now) allowing home mortgagees ...
I work in real estate and I must say that this is some troubling information, however, I am confident that ...
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% ...
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, ...
