Real Estate Blog, Mortgage, and Development News
Today is Saturday, July 05th, 2008
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!When the Arizona market was hot, builders cut commissions to real estate agents and essentially blew them off. Now facing mounting inventories of unsold spec homes, the builders are singing a new tune and doing whatever it takes to […]
28Aug2006 | Tom Royce | 0 comments | ContinuedPrestige Homes is in a pickle and they are taking the Payton approach to the marketplace. You do not know the Payton approach? This should help.
Matt Suhey and Walter Payton were out in the woods for a hike. All of a sudden a large bear appeared in front of them. Matt Suhey was panicking but […]
Ed McMahon, the sidekick of Johnny Carson and host of Star Search, is selling his Los Angeles mansion with fantastic views of the ocean and canyons. McMahon is looking to get closer to the heart of Beverly Hills as he is getting along in years. The 7,000 square foot home is being offered for 7.7 […]
27Aug2006 | Tom Royce | 2 comments | ContinuedThe combination of lower volume in new purchased homes mortgages and the increase in home refinancing has raised the percentage of cash out refinancing to the highest rate in 16 years. To add to the mix, 500 billion in ARMs are resetting this year so many households are refinancing from Adjustable Rate Mortgages to fixed […]
27Aug2006 | Tom Royce | 0 comments | ContinuedThe internet can provide lots of information, but trend analysis of search terms to actions is a new field of analysis. An internet firm, Hitwise, has done a study of searches for “Homes For Sale” to home sales and has found a correlation that can be predictive and provide real time statistics compared to present reporting […]
26Aug2006 | Tom Royce | 0 comments | ContinuedI was just reading a very interesting post by Marlow Harris over at the 360digest Weblog about Trulia and he asks a great question.
But what does an agent do when their company prevents, discourages or illegalizes these free forms of web promotion?
The idea that a broker could keep a homeowner from helping to market […]
25Aug2006 | Tom Royce | 0 comments | ContinuedFace it, you have had your home on the market for 4 months, your real estate agent with 27 years experience has done nothing but use your home as a way to find new buyers to represent, and whines incessantly about how expensive the ads in the newspaper are and how you need to drop […]
25Aug2006 | Tom Royce | 0 comments | ContinuedI must admit that the last home we sold, we buried a statue of St. Joseph in our front yard and the home sold a short time later. I am not one to get caught up in these sorts of things, but the use of a St. Josephs statue when selling your home is probably […]
25Aug2006 | Tom Royce | 1 comment | ContinuedI k now the Bubble Guys will not like me saying this, they are being validated (and in some parts of the country they are absolutely right) that the housing market is slowing and contracting. But it is not falling off the cliff. What we are seeing is that the speculative growth in the market the […]
24Aug2006 | Tom Royce | 0 comments | ContinuedFirst the real estate agents are getting nervous that their sales are lower and thus their commissions are lower. Now the state of New Hampshire is concerned because their tax revenue will be down. They collect a tax of the sale of property in the state and those reciepts are running 10 percent below the […]
23Aug2006 | Tom Royce | 2 comments | Continued