Archive for August, 2006
Sketch Released In Sarah Anne Walker Murder
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The murder investigation of Sarah Anne Walker has continued to progress with the police releasing a sketch of a person of interest seen in front of the home the same day Sarah Anne Walker was murdered. The man, an [...]
18Aug2006 | Tom Royce | 0 comments | Continued
Moronic Mortgage Fraudsters On Long Island
It is truly amazing the dumb behavior that some people exhibit. A woman in the middle of a contentious divorce attempts to take out a mortgage on the family home and has some impersonate her husband. The husband, very wary that the wife is trying to mess with him, is watching the situation and finds [...]
17Aug2006 | Tom Royce | 0 comments | Continued
Mortgage Rates Dip For 4th Consecutive Week
The combination of the Fed not raising interest rates this past week and a slowing economy is helping to lower interest rates for mortgages. This breather is going to be an opportunity for housing fence sitters to get back into looking for new properties.
Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages fell to [...]
Manhattan Rental Market Going Crazy - 1 Bedroom Apartments - 3,000 a Month?
Real estate purchase prices are through the roof in Manhattan, so the smart people have been saying rent till the bubble bursts. But rental prices and availability in New York City are going through the roof also. Not only are 1 bedroom apartments starting at 3,000 per month in doorman buildings, they are nearly impossible [...]
17Aug2006 | Tom Royce | 0 comments | Continued
Israeli Prime Minister Under Suspicion For Real Estate Fraud Also
This is nothing unusual, politicians taking a sweetheart deal on a piece of prime real estate, but the Prime Minister of Israel Ehud Olmert has probably crossed the line by taking a property for 500,000 dollars below market value and then giving special consideration those very same contractors for permits.
Lindenstrauss’s statement came in response to [...]
Chicago Alderman Vrdolyak Implicated in Real Estate Fraud
With the slowdown of the real estate boom comes the exposure of all of the real estate crimes that were committed. With easy money comes the hustlers and the con artists, and to be a Chicago Alderman, you need a little bit of both to do your job. So when word came out that Edward [...]
17Aug2006 | Tom Royce | 0 comments | Continued
Sales Down - Prices Up - Real Estate Agents Nervous
The story continues to play out. Inventory is up, sales are down, and prices show a slight increase in most of the Bubble Markets. Not much of a surprise as the game of chicken continues between the potential buyers waiting to see if the media is correct and the housing prices will plummet. The sellers [...]
16Aug2006 | Tom Royce | 0 comments | Continued
Option ARMs - A Recipe For Disaster
For those of you who may be thinking that an Option Adjustable Rate Mortgage is a smart idea, go bang your head against the wall 3 times and then come back. Studies show that these loans have a level of foreclosure higher than others and with the interest rate spread today being so narrow, there [...]
16Aug2006 | Tom Royce | 1 comment | Continued
Florida Sees Weak Second Quarter Home Sales
Not surprising as the word on the street is wait it out, Florida showed much slower home sales in the second quarter. The Florida numbers were down 27 percent statewide as the market has entered the wait and see mode.
Or else the speculators were that big a part of the Florida marketplace. And here is [...]
Zillow Changing How Real Estate Transactions Are Reported
Zillow, the company working to be the information portal for all things real estate, has released a new feature for the cities of Seattle, San Francisco, Los Angeles, Pheonix, and South Florida. The new feature is a series of quarterly reports that illustrate the marketplace in great detail for those who geek out on real [...]
15Aug2006 | Tom Royce | 0 comments | Continued
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 ...
