Archive for April, 2007
Southern California Seeing Rising Values As Sales Slow
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The housing prices in Southern California are continuing to rise even as demand for the homes slows according to the recent numbers coming out today. With the end of the home flipping and the churn that was created, most assumed [...]
13Apr2007 | Tom Royce | 1 comment | Continued
Schumer Calls For New Housing Welfare Plan - Or How To Screw Up The Real Estate Industry
Just what we need, the real estate market is going to come increasing under the thumb of federal regulators and bureaucrats if the wishes of Chuck Schumer come true. With the rise in foreclosures he is announcing plans to create a forclosure bailout fund to “assist” homeowners at risk.
So the pattern will follow. The creation [...]
Pending Foreclosures At Countrywide Financial Double From Last Year
The eagerly awaited financial report from Countrywide Financial was released today and it painted a diverse picture. Foreclosures are up, but the company is funding more loans than this time last year. They have also reduced significantly their adjustable loans they are funding focusing more on fixed rate mortgages.
The Calabasas, California-based company said the [...]
12Apr2007 | Tom Royce | 0 comments | Continued
Real Estate Magnates Entering Newspaper Business
The past few years have been very profitable ones for those who were leaders in the real estate field, both residential and commercial. Now a few of the real estate tycoons such as Sam Zell and Bruce Toll are moving their assets into the newspaper business.
As one who watches the evolution of the media [...]
LendingTree CEO Tom Reddin Leaving
The fallout on the mortgage front continues as CEO of one of the largest online lenders LendingTree, Tom Reddin, has decided to leave the company to spend more time with the family. Now having lived the corporate life, that means that I am still liked by my bosses and board, but that the landscape is [...]
11Apr2007 | Tom Royce | 1 comment | Continued
Rent Or Buy - Which Makes The Most Economic Sense In 2007 Market
And the answer is, ding ding ding…
It all depends on where you live. The New York Times has come out with an article on how renting makes more sense in todays market, and if I had to guess it was written by a person who is renting. All of the examples were from areas that [...]
D.R. Horton Announces A 37% Drop in Orders
National builder D.R. Horton is showing how weak the new home market is as it announced a drop of 37 percent of homes ordered for the beginning of the Spring season. The average price per home also dropped 7 percent during the 1st quarter from 279 thousand to 260 thousand.
The Fort Worth, Texas-based company said it [...]
11Apr2007 | Tom Royce | 0 comments | Continued
Johnny Cash’s Hendersonville Home Destroyed in Fire
Johnny Cash’s Nashville home that had been sold to Barry Gibb burned to the ground today. The home was being treated with a wood preservative that was very flammable and contributed to the home burning in mere minutes.
The home was a Nashville landmark. What a shame.
According to fire chief, Jamie Steele, the fire began at [...]
10Apr2007 | Tom Royce | 0 comments | Continued
Alt-A Mortgage Market In Trouble Now?
The AP is reporting that Alt-A lenders are starting to have trouble selling their loans to the secondary market. If Alt-A loans are having a hard time being written, what will happen to the spring and summer selling seasons?
Obviously there is a weakness in the secondary market and as we saw with SouthStar, the Wall [...]
Will Global Warming Scare Fatten Insurance Companies Pocketbooks Even More?
Ah, the joy of the politically based science of Global Warming and the greed of the insurance companies are going to create the perfect storm for any homeowner in a coastal region. In Australia there is a national panel recommending that insurance companies raise their premiums to protect against the potential of global warming impacting [...]
10Apr2007 | Tom Royce | 0 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 ...
