Archive for January, 2007
Peter Cooper and Stuyvesant Town Rents Skyrocket As Much As 33 Percent
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Well, when Tishman Speyer’s bought Peter Cooper Village and Stuyvesant Town for over 5 billion dollars, you knew that they were looking to make money and not just give MetLife a gift. But now the tenants who do not [...]
16Jan2007 | Tom Royce | 0 comments | Continued
Builders Look To Have Terrible 4th Quarter, Is This Good News?
New home builders are facing the back side of their big run up and it looks like this quarter is when they will pay the piper. The Wall Street Journal is reporting that many of the builders will be showing losses, and more importantly, taking writedowns on their land holdings.
Lennar Corp., whose fiscal fourth [...]
16Jan2007 | Tom Royce | 0 comments | Continued
Heads Up To Bloggers: Wordpress Exploit Hitting Blogs - Update is Now Out
If you are using Wordpress as you blogging engine, and not wordpress.com but self hosting your site, there is an update that needs to be applied ASAP.
There is a exploit running around where your site could be redirected to anothers site, and since most of you are realtors, this could be damaging to your [...]
New York City Real Estate Values Up 19 Percent
It looks like the bubble has not popped in New York City yet. While the suburbs surrounding the Big Apple has slowed, the city itself has seen an amazing appreciation in values.
Repeat after me, All Real Estate is Local, All Real Estate is Local, All Real Estate is…
According to city finance officials, between May [...]
15Jan2007 | Tom Royce | 1 comment | Continued
Insurance and Taxes Are The Big Issue In Southern Florida
For builders and contractors in South Florida, the worry is not the slowdown of residential construction that is worrying them. There is more than enough commercial jobs to keep everyone working and busy. But the real concern is how to handle the rapid increases in insurance and taxes that are hitting the commercial building owners. [...]
15Jan2007 | Tom Royce | 0 comments | Continued
By The Way, Stripping Wallpaper Really S#cks
That is all I am going to say on the topic, but you know where I am today and what I am doing.
13Jan2007 | Tom Royce | 2 comments | Continued
Selling With Permission: A Real Estate Story
As the market for condominiums has slowed, many developers are trying to determine the best way to market to a buyers market. Seth Godin, marketing guru did a post on the Glass House in Denver, a 389 residence development that is completely sold in a slow market.
They did not do it with in your [...]
Consumers Are Cutting Off Their ARMs
The smart ones are at least. With interest rate parity between conventional fixed rate mortgages to adjustable rate mortgages, only the most desperate and clueless are taking out ARMs these days. The article in todays Baltimore Sun discusses the trend of ARMs taking a smaller part of the marketplace and how it is significant.
But [...]
Fortunes Top 10 Declining Real Estate Markets for 2007-2008
Fortune Magazine has projected the 10 markets in the country that will perform the worst in the coming 2 years. While this does not seem surprising as the markets that are listed have been some of the most volatile in the country, it is interesting to note that last years conventional wisdom list of markets [...]
11Jan2007 | Tom Royce | 8 comments | Continued
Government Overspends Property Taxes and Now Suffer With Tax Abatement Questions
Prince Williams County is facing the problem that most counties in boom areas are facing. They have spent themselves into a corner and as property values have stabilized or lowered, their reckless spending on projects to get themselves re-elected is coming back to bite themselves in the proverbial behind.
The problem is that the once-booming [...]
11Jan2007 | Tom Royce | 1 comment | 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 ...
