Archive for March, 2007
Is 2007 The Year Of The Landlord?
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Let’s face it, on the low end housing prices are stagnating, mortgage opportunities are decreasing, and demand is just not there after the run of flips and speculation created excessive inventory. To some this is depressing but to the [...]
22Mar2007 | Tom Royce | 1 comment | Continued
WNYC Radio Show on the History of New York City Buildings
I was emailed by an associate with WNYC to spread the word on the Leonard Lapate show tomorrow on the stories behind New York City buildings with Christopher Gray, writer of the Streetscapes column in the New York Times.
What intrigued me about the show was that they are using the internet to facilitate it. Instead of [...]
Fannie Mae Stops Working With New Century
It looks like New Century Financial Corp. has been officially cut off from Fannie Mae. Which means that the company that underwrites 20 percent of new loans in the country will not do business with New Century.
Is that Taps I hear in the distance?
Fannie Mae, formally known as the Federal National Mortgage Association, notified New Century [...]
21Mar2007 | Tom Royce | 0 comments | Continued
Housing Starts Will Collapse in 3rd Quarter 2007
The recent data that came out for February, 2007, that housing starts were up by 9 percent is wonderful news for the building community, but this will be the eye of the storm as building starts as a statistic will collapse in the 3rd quarter of 2007. And that is not all bad.
In the [...]
Thomas Flatley, Self Made Real Estate Mogul, Selling Most of Real Estate Holdings
Thomas Flatley is considered one of the top real estate investors in the country. He has kept a low profile but also took the investment in a single home and transformed it into a 1.3 billion dollar fortune. The self made immigrant is now getting out of his commercial holdings in New Hampshire and Massachusetts. The [...]
21Mar2007 | Tom Royce | 2 comments | Continued
Redfin CEO and CTO Interviewed By Robert Scoble on “Shaking Up Real Estate Markets”
There is an interesting interview by Robert Scoble of Podtech with Glenn Kelman and Micheal Young of RedFin. They topic of the conversation is using technology to shake up the real estate industry.
20Mar2007 | Tom Royce | 1 comment | Continued
Subprime Lenders (and Wall Street Players) Facing Increased Federal Scrutiny
The meltdown in the subprime market is slowly rapping up as 100 percent loans and loans to those with damaged credit have dried up in the marketplace. So what next, it is time for the Federal bureaucrats to come charging in and start their investigations. The SEC announced yesterday they are commencing on a broad [...]
20Mar2007 | Tom Royce | 3 comments | Continued
Top 10 States With The Highest Home Insurance
After all of the talk about high home insurance in the states that can be hit be hurricanes, insurance costs in states that face sever damage by tornadoes and hail storms face insurance costs that are comparable with those in the hurricane zones. Forbes has put together a list of the most expensive places to purchase [...]
20Mar2007 | Tom Royce | 0 comments | Continued
Housing and Mortgage Data Key Indicators These Days For Stock Markets
When the housing boom was going on, the financial markets watched and absorbed the profits without much fanfare or hesitation. But since the subprime mortgage meltdown of the past few weeks housing has been under the spotlight and is making the market have huge swings in pricing.
If you are an investor in both real [...]
Dan Marino Selling His 20 Thousand Square Foot Florida Home
If you are a big Miami Dolphin fan and are looking on living like legendary quarterback Dan Marino, today is your lucky day. Marino has placed his 20 thousand square foot home in Weston, Florida up for sale. This 10 bedroom, 12 bathroom estate has all the amenities that one could imaging and at a [...]
18Mar2007 | Tom Royce | 3 comments | 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 ...
