Archive for October, 2006
Mortgage Demand Slows in 3rd Quarter, 2006
While not a surprise, the Federal Reserve announced formally that mortgage demand declined over the past 3 months. With layoffs, slower homes sales, and higher interest rates, I would have been very surprised if the activity had increased.
Demand for both residential mortgage loans and commercial real estate loans weakened over the last three months, [...]
31Oct2006 | Tom Royce | 0 comments | Continued
Note To Sellers, Buyers are Looking Online for Homes Not the Newspapers
If you are selling a home, here is a tip. Advertise online quickly and you will be ahead of your competitors and also in front of your potential customers. Real Estate classified advertising spending is moving online, but sellers tend to want their agents to advertise in print first, then head online. Meanwhile, buyers start [...]
30Oct2006 | Tom Royce | 2 comments | Continued
Corporate Housing Options Growing Nationally
For those looking at relocating to a new job and are scared that you will be stuck in a hotel for forever, there are some options out there that can help you. Corporate housing is an alternative that is coming more and more into favor for those looking to relocate and need a short term [...]
30Oct2006 | Tom Royce | 1 comment | Continued
Top 10 Haunted Houses in America
For a little break as Halloween comes up, I found this list of the top 10 haunted houses in the United States. I figured there could not be a haunted house without real estate so lets enjoy it.
Top 10 Haunted Houses in America
Headless Horseman, Ulster Park, New York (www.headlesshorseman.com)
Netherworld. Atlanta, Georgia (www.fearworld.com)
The [...]
Top 10 Cities With Shortest Commute
If you are not a big fan of driving and do not mind being outside of the larger metropolitan area’s, here is the 10 ten cities with the shortest commute.Â
Cascade County, Mont. — 14.0 minutes
Grand Forks County, N.D. — 14.1 minutes
Laramie County, Wyo. — 14.3 minutes
Dubuque County, Iowa — 14.7 minutes
Taylor County, Texas — 14.8 minutes
Wichita County, Texas — 14.8 [...]
Selling a Home Via Auction Growing in Popularity
If you are looking at selling your home quickly, a growing trend in the country is using the auction system. Homes sold via auction increased by 5.9 percent in 2006 and auctions have been trending upwards over the past 5 years.
While using an auction may seem unconventional, people interested in a quick sale have used [...]
Housing Prices Adjust, Rental Rates Soar
As we predicted when the speculators fell out of the market, housing prices would come down a bit. The numbers released state a drop of 9.7 percent nationwide but compared to the multiple years of double digit appreciation this is not so bad. The nugget in the numbers is that home sales increased, not decreased, [...]
26Oct2006 | Tom Royce | 5 comments | Continued
New Investor In The Mills Corp Asks To Stop Sales Attempts
The Mills Corp. was once a high flyer in the building of mega-malls around the country. But the combination of a few setbacks and turnover in the executive ranks has had the company looking to sell out. That is, until yesterday when Gazit-Globe’s Chairman Chaim Katzman expressed concern to Mill Corps. CEO Mark Ordan that a [...]
26Oct2006 | Tom Royce | 1 comment | Continued
Real Estate Agent Bubble Starting to Burst
There is an article in the San Jose Mercury News that shows there is anectdotal evidence that the number of real estate agents in California is starting to decrease. With there being one agent for every 52 citizens, the ability to make a living as a new agent in California is slim to none. I [...]
26Oct2006 | Tom Royce | 0 comments | Continued
Chicago Sees Real Estate Slowdown for 2006
The slowdown has hit Chicago with sales down 26 percent over last years speculator infused numbers. Real estate analysts see things remaining slow for the next 6 months on a year over year basis, and then picking up in the spring of 2007. This is another example of a hyper market returning to normal after [...]
26Oct2006 | Tom Royce | 0 comments | Continued
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
