Archive for May, 2007
IndyMac Holds Strong On Selling Off Bad Loans
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Bad Loans have put many of the subprime and Alt-A lenders under the bankruptcy train as it has rolled through the mortgage industry in the past 6 months. The carnage has been extensive, but leader IndyMac is trying to [...]
15May2007 | Tom Royce | 0 comments | Continued
New York City Apartments Prices Up Significantly, Manhattan Tops 23 Percent
If you were scared off on buying in Manhattan, or any other borough in New York City, because of the housing slowdown, so were vastly mistaken. The city as a whole saw a significant bump in housing values as Manhattan apartments were up 23 percent and the city as a whole was up 20 percent. [...]
14May2007 | Tom Royce | 2 comments | Continued
RealEstateJournal | At Hip Condos, Animal House Meets the Empty Nest
If you are looking to buy in one of the new swinging singles type developments that are popping up all over the country, you should read the in depth article over at the Wall Street Journal. Things are not all martini bars and all night pool parties for the twenty somethings at many of the [...]
14May2007 | Tom Royce | 0 comments | Continued
A Bad Street Name Is Costing You Money
When we bought our first house it was on the corner of Saltlick Trace and Bay Point. The street and mailing address was on Saltlick Trace which neither my wife or I were too thrilled about. We spent a little time with the postal service and the city and presto, the home had a Bay [...]
14May2007 | Tom Royce | 3 comments | Continued
Happy Mother’s Day
To all the Mom’s out there that give so much, we thank you and appreciate all that you do. Enjoy today, you have earned it.
“Happy Mother’s Day” means moreThan have a happy day.Within those words lie lots of thingsWe never get to say. It means I love you first of all,Then thanks for all [...]
Review: agentBOOST- Bringing Sellers and Real Estate Agents Together
If you are looking to buy or sell a home in an area of the country that you do not have any ties, and the opportunity to save money on commissions is important, agentBOOST thinks they can help you connect. If you are a real estate agent that is interested in finding leads and willing [...]
13May2007 | Tom Royce | 1 comment | Continued
Top 10 Lowest Taxed Cities in The United States for 2007
Face it, if you are like me you are frustrated everytime you send money to inefficient governmental agencies when you pay taxes. For those who live in cities their tax bills are even higher as the cities tend to want their cut of your earning and asset pie.
Kiplinger came up with a survey of [...]
New Hampshire Real Estate Transfer Tax Down 21 percent
Governments that decided to finance their bloated budgets on the back of real estate taxes are starting to feel the pain. Todays installment, New Hampshire, saw a drop of 32 million dollars in transfer tax revenue as housing slowed.
Now when homeowners in the Granite State start appealing their assessments on their property tax the state [...]
440 Employees Laid Off At LendingTree Today
The housing slowdown has hit another victim today, or should we say 440 victims, as Lending Tree is laying off 20 percent of it’s 2,200 employees. This news follows the announcment last month that LendingTree CEO Tom Reddin was leaving for family reasons.
If I had to guess, there is going to be some rotten news [...]
Tastykake Moving to Economic Development Zone - Less Taxes, Lower Borrowing, and Layoffs
Tastykake, the world famous maker of snacks, is moving from it’s old home in Philadelphia’s Nicetown to the Navy Yards in a new state created Keystone Opportunity Improvement Zone. The irony of this is by moving the company will be able to reduce their labor force by 215 jobs by automating their new plant. And because they [...]
11May2007 | 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 ...
