Archive for November, 2006

Miles Per House – A Key Selling Criteria For Buyers?

Miles Per House is a metric coming out of the enviromentalist housing lobby, but is a term that could be very practical for home buyers and guiding real estate agents to where someone would consider buying a home.
The term Miles Per House has originated from the Urban Land Institute to measure the number of [...]

27Nov2006 | Tom Royce | 0 comments | Continued

Investors Optimism Hits 10 Month Peak

Investors are looking at the economy in a whole new light. After bad economic news, high gasoline prices, and a slowing housing sector dominated the nightly news cycles, the tide has turned and investors are riding the wave in confidence to a new 10 month high. The housing sector is the only negative in the economic [...]

27Nov2006 | Tom Royce | 0 comments | Continued

Affluent Homeowners Using Reverse Mortgages

The reverse mortgage has traditionally been used by the elderly living on a fixed income who have most of their assets tied up in home equity. They draw against the home through the reverse mortgage to use it for living expenses. However, the reverse mortgage is now being used by the affluent homeowners as an [...]

26Nov2006 | Tom Royce | 0 comments | Continued

Britney Bouncing From Malibu to Hollywood Hills

Hot Property has the dirt on Britney Spears move from the beach back to her old neighborhood in the Hollywood Hills. Her divorce is bringing her back to where she prefers to live in the LA area.

The pop princess sold her home there for close to $4 million in June 2003. She wants to [...]

26Nov2006 | Tom Royce | 1 comment | Continued

Manhattan Real Estate Expected to Get Push From “Bonus Season”

If you are looking to buy a luxury condo in Manhattan in the next few months, you may want to get started now before Wall Street cuts their bonus checks. The influx of significant bonus dollars (expected to be 20–25 percent higher than last years record payouts) has real estate agents across Manhattan salivating to [...]

24Nov2006 | Tom Royce | 1 comment | Continued

A Fan Recreates the ‘Christmas Story’ house

It is now the Christmas Season and to all the initated that means TBS will start showing the “Christmas Story” non stop for the next 30 some odd days. To be honest, we love to watch it as my father was Ralphies age and loves to regale my sons and myself with the stories of [...]

23Nov2006 | Tom Royce | 2 comments | Continued

The First Thanksgiving

First of all, from all of us at The Real Estate Bloggers, Happy Thanksgiving. We wish you all a day to share with those close you and reflect on all the joy and happiness in your lives.
As we sit around the Thanksgiving table this year, let us look back at the first Thanksgiving. While odds [...]

23Nov2006 | Tom Royce | 0 comments | Continued

Housing Slowdown Not Depressing Economy

While the housing slowdown is in full swing after the meteoric run up in the past few years, other factors are keeping the economy moving forward. The strong economy is keeping employment rates high, lower gas prices are contributing to inflation remaining in check, and overall consumer confidence has not been hurt.
The next indicator [...]

22Nov2006 | Tom Royce | 2 comments | Continued

Top 10 Least Affordable Markets in 2006, 3rd Quarter

While living in almost any of these addresses would be wonderful, you really need to be in the top 10 percent of earners to buy a new home in any of these locales.
The National Association of Home Builders has their new affordability survey out and the results are very scary for average earners in these [...]

21Nov2006 | Tom Royce | 3 comments | Continued

Home Sales Fall in 38 States

New reports coming out of the National Association of Realtors show that only 12 states had increasing sales, while 38 states showed a decline. The states that were hit the worst were Nevafa, Arizona, Florida, and California.
While this news is not unexpected, the housing market is in the midst of a shakeout that is much [...]

21Nov2006 | Tom Royce | 3 comments | Continued