Archive for March, 2007
Market Too Slow To Make The Rent? This Guy Became A Trapper
The slowdown in the real estate market has made some rethink their career choice. Some have gone back to their past careers but this Central Michigan man has made a more interesting decision. He has gone from a real estate appraiser to trapper.
Richard C- Smith has been a recreational trapper for more than 45 years, [...]
31Mar2007 | Tom Royce | 2 comments | Continued
Failure To Escrow SubPrime Another Nail In Borrowers Coffin
Ken Harney has to be my favorite real estate writer in the media. He is dead on this week with his column on the upside down nature of escrow in the lending arena.
According to some industry estimates, a majority of subprime mortgages closed during the housing boom years carried no escrows for property taxes [...]
30Mar2007 | Tom Royce | 4 comments | Continued
Wall Street Pulls The Plug On SubPrime Market and Lenders Go Down The Drain
The subprime market is hitting the final stages for a while as the Wall Street financiers are cutting off access to capital and placing expensive restrictions and contingencies when they lend at all. Wall Street is a brutal place where your best friend will also cut your heart out in a second if there is [...]
30Mar2007 | Tom Royce | 0 comments | Continued
Is The Media Too Invested in Real Estate To Be Unbiased?
Scanning the internet this morning after being awoken (way too early, I may add) by my soon to be 7 year old with a stomach ache, I ran across this article on how to deal with a real estate slump. Besides the gloom and doom that articles of this sort trumpet, there was an interesting [...]
29Mar2007 | Tom Royce | 1 comment | Continued
Open House Sign Crackdown in Orlando Causing Concerns For Realtors
Planning an open house on an off street in Orlando or other parts of Florida? If you were planning on driving traffic to the home using signs on busy street corners, think again. The code enforcement folks are cracking down hard and empowering any city employee to remove signage that is put up illegally.
Open houses [...]
29Mar2007 | Tom Royce | 5 comments | Continued
LeBron James Building a New 35,000 Square-Foot-Home
The new home that LeBron James is building is the going to be the talk of Cleveland. All of the sport shows are talking about the 35,000 square foot home that he is building. It is being referred to as a playground for adults including a full casino.
I wonder if he is putting in [...]
Bernanke Says Mortgage Troubles Not Spreading
Bernanke has issued a statement on the mortgage industries subprime troubles and potential impact on the economy. Here it is and I will try to comment on it later today.
“At this juncture … the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained,” [...]
28Mar2007 | Tom Royce | 0 comments | Continued
Martha Stewart Homes Coming to Los Angeles County
I was tempted to say that Martha Stewart was coming to Los Angeles, but reading the press release a bit further I realized that the Terreno Vista development is almost an hour outside of the city in the desert. The homes will be reasonably affordable for the LA region starting at 300 Thousand dollars.
One [...]
Beazer Homes Mortgage Business Being Investigated
As the mortgage market faces major issues for lending practices, the slow moving cover-your-behind federal government has started it’s investigations into picture. One of the first investigations that is happening is alleged mortgage fraud at Beazer Homes USA. The company has gotten some tough press in the Charlotte Observer and it has triggered a request [...]
28Mar2007 | Tom Royce | 2 comments | Continued
Size of Average Home Peaking and Expected To Shrink In The Future
The era of the McMansion is over according to the folk at the Association of Home Builders. They state that the consumer is looking to jettison the living room and gain space in the master bedrooms, kitchen, and family rooms.
For the most part I agree with this, but there is a caveat that should [...]
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 ...
