Archive for September, 2006
Billy Joel Selling 37.5 Million Dollar Home on Long Island
Billy Joel, the iconic singer from Long Island, is selling his 14,000 square foot home for 37.5 million dollars. The home in Centre Island, a hamlet on Oyster Bay Harbor, also has a guest cottage and a pool house. Joel has another home in Sag Harbor, along with homes in Greenwich Village and Miami.
His main [...]
30Sep2006 | Tom Royce | 0 comments | ContinuedTruck Sales Fall Off With Housing Slowdown
A great example of the law of unintended consequences, truck sales are down 14 percent as the housing slowdown has affected builders and homeowners who would use equity to buy a vehicle. The builders and construction workers are cutting back on expenditures as new construction looks to slow in the near term. That is affecting [...]
30Sep2006 | Tom Royce | 0 comments | ContinuedMr. and Mrs. Too Much Homebuyer
If you are ready for a laugh..
Washington Riverfront To Be Transformed
It looks like the major players in Washington and Baltimore development are going to redevelop a strategic part of the waterfront that was a sign of 60’s urban renewal gone bad. There were 17 teams competing for this project, with the team representing PN Hoffman of the District and Baltimore’s Struever Bros. Eccles & Rouse winning.
A [...]
29Sep2006 | Tom Royce | 0 comments | ContinuedSeattle Sees Commercial Real Estate Boom
The ebb and flow of real estate values and demand is always interesting to watch. Seattle was one of the great casualties of the dot – com blow up, with commercial rates dropping significantly in the early part of the century.
Now it is the exact opposite, the cities commercial demand is exploding as the [...]
As Market Slows, Smart Real Estate Agents Embrace Technology
In the past few years, agents on the coasts really have not needed to invest in themselves and their tools. As long as they were good bird dogs, finding listings or buyers, these agents did not need to stay on top of the tools of the trade to make a fantastic living.
Now with the [...]
Inside the Beltway Roundup on RE Blog News
Some quick news and notes from the Real Estate Blogosphere.
Sellsius Blog A Thon – As true competitors, and pretty cool people, Ardell DellaLoggia (Rain City Guide and Searching Seattle) and and Greg Swann (Bloodhound Blog) had their 101 102 Blog post in a day battle. They both crossed the finish line and my eyes are [...]
28Sep2006 | Tom Royce | 0 comments | ContinuedMortgage Fraud Scam Sucks In 100 Virginian’s
Approximately 100 average folks from Virginia were tricked into letting con artists involve them in a scam to defraud mortgage companies. Under the guise of an investment group, the Virginian families thought they were investing in homes in Indiana as part of a group. Instead the con artists sold the homes at inflated prices to these [...]
28Sep2006 | Tom Royce | 0 comments | ContinuedAustralian Rental Market So Tight They Are Looking At Auctions
Australia is having a housing shortage in the wake of housing prices lowering and home sales market stagnating. People are not buying homes, so they are faced with the prospect of additional renters flooding the market. And guess what is happening? You got it, rental prices are increasing rapidly as demand for rental units is outstripping [...]
28Sep2006 | Tom Royce | 3 comments | ContinuedCalifornia Real Estate Market Will Not Lead State Into Recession
According to state economists, the real estate slowdown is not going to be a cause of recession in the state. Those that feel the housing industry is the primary catalyst in economic development in California will have to live with the fact that as real estate prices find their equillibrium after the intense run up over [...]
28Sep2006 | Tom Royce | 7 comments | Continued