2006 December : The Real Estate Bloggers

Archive for December, 2006

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Top 10 Slowest Growing States (Or Declining)

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Census Bureau has released the annual population change estimates for 2006 showing the rise or decline in population in the different states. Last week we had the Top 10 Fastest Growing States in 2006. Today, we are introducing […]

24Dec2006 | Tom Royce | 0 comments | Continued
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Granny Frustrated With Slow Contractors Kidnaps Them Till Work Is Done For Christmas

If you have ever gotten caught in the contractor game you know the frustration that this Granny in England. She wanted her kitchen remodel done before Christmas and after repeated delays and missed appointments, she had enough.
While we at The Real Estate Bloggers do not officially condone kidnapping your contractor, having a torn up kitchen for […]

23Dec2006 | Tom Royce | 0 comments | Continued
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Chubb To Offer Flood Insurance in Places Most Insurers Have Left

If you live in a home on the East Coast coastline you know how hard it is to get flood insurance. To be honest, most insurance is hard to get and has gotten very expensive. The past few years hurricanes have caused extensive damage and high losses for the insurance agencies. AllState has stopped writing policies […]

23Dec2006 | Tom Royce | 0 comments | Continued
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The Top 10 Fastest Growing States in 2006

The Census Bureau has issued their annual population change estimate for 2006 for the different states in the country. Arizona led the pack with a change of just over 3.5 percent increase in population from 2005 to 2006. North Carolina joined the top 10 fastest growing states in the country for the first time this […]

22Dec2006 | Tom Royce | 2 comments | Continued
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Los Angeles - An Example of A Market Stabilizing

I think that the turn has occurred by another metric. The media is doing articles on how surprised they are that their prognostications of a total collapse were wrong. Now we are seeing a flurry of isn’t this amazing the market is holding up stories.

With home sales skidding even with the median price up […]

20Dec2006 | Tom Royce | 3 comments | Continued
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Housing Slowdown Nearing End Say Experts

The slowdown in housing sales may be nearing the bottom, experts outside of the housing industry are saying. Builders have drastically cut back on production and pricing has moderated. Add to that interest rates that have stabilized and look like they may come down, the housing market looks to have a stable 2007.

U.S. homebuilders […]

20Dec2006 | Tom Royce | 2 comments | Continued
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Fannie Mae Ex-Exec’s Sued For 215 Million Dollars

Former CEO Franklin D. Raines, former Chief Financial Officer J. Timothy Howard and former Controller Leanne Spencer have been named in a lawsuit filed by the Office of Federal Housing Enterprises Oversight trying to recover 215 million dollars. Fannie Mae had over 6.3 Billion dollars in accounting errors and had paid these 3 115 million dollars […]

19Dec2006 | Tom Royce | 0 comments | Continued
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Mortgage Lending Patterns For 2006 and 2007

JD Powers and Associates has released their 2006 Primary Mortgage Origination Study and have come out with some interesting observations. The key ones that I picked up were that relationships with a mortgage broker were almost as important as interest rate. Also, a high percentage of borrowers did web research on the companies supplying the […]

19Dec2006 | Tom Royce | 1 comment | Continued
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Realogy (Owners of Coldwell Banker, Century 21, and Sotheby Intl Realty) to Be Sold For 9 Billion

The Apollo Group is paying nearly 9 billion for the real estate company, Realogy, which formerly was a part of Cendant. The private equity firm made the decision to buy, and Realogy the reason to sell, because fears the stock market would punish the company for earnings issues that will face it over the next […]

18Dec2006 | Tom Royce | 3 comments | Continued
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Home Speculation Pro’s Still Going Strong As Amatuers Run to the Exit

We have heard and talked about how the speculators and flippers have left the housing market. We have even surmised that a big part of the problem in housing inventory issues are because builders saw a demand that was an illusion because these speculators were so rampant.
But an article in the Charlotte Observer caught […]

17Dec2006 | Tom Royce | 2 comments | Continued
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