Archive for June, 2007
Congress Decides Taking Money From Freddie Mac and Fannie Mae For Housing Fund
Is there any money that is out of the new Congress’s reach? Fannie Mae and Freddie Mac, the two quasi public private mortgage funding companies are facing the long arm of Congress reaching into their pockets to the tune of 500 million dollars a year to fund new housing initiatives.
The hypocricy is that these [...]
KB Homes Takes 174 Million Dollar Loss, Blames Oversupply
It seems that Jeffrey Mezger, CEO of KB Homes, never saw the housing slowdown occurring. That is the reasoning given for their disappointing earnings. Many have said that the large builders are stuck in the projects they have on the table or started, but I can not truly understand the need to go racing off [...]
30Jun2007 | Tom Royce | 2 comments | Continued
The Art of Innovation
Guy Kawasaki – The Art of Innovation
55:38
Guy Kawasaki at the 2007 Event Marketer Conference
If you are reading a real estate blog and are in the real estate business, odds are that you are looking to do something different, trying to get a jump up on your competition.
Or applying innovation to a traditional model and marketplace.
Examples [...]
Top 10 Most Populous Cities in America
Do you like living in the big city, well this list is of the top 10 most populous cities in the United States. New York is over double the next closest city Los Angeles and nine times as large as San Jose which holds the tenth spot.
New York City,NY 8,214,426
Los Angeles CA 3,849,378
Chicago IL [...]
Are Collateralized Loans Going To Blow Up The Economy
The great housing boom over the past few years was funded by low interest rates and the use of collateralized debt obligations (CDO). These CDO’s allowed the velocity of money to be applied to the housing market and created a bubble of available cash. Since housing prices were soaring, lenders were eager to use this [...]
28Jun2007 | Tom Royce | 2 comments | Continued
Is The Hialeah Race Track In Southern Florida Going To Turn Into A Development?
I remember as a child going to the Hialeah Park Races during the winter. The park was the centerpiece of the Florida race season when the yearlings would be broken and trained and the racing industry would flock south for the winter. Now the track has sat empty for 6 years since it closed in 2001 and developers are looking [...]
28Jun2007 | Tom Royce | 3 comments | Continued
A Message To Robert Toll – You Are Inviting the Fox Into the Henhouse
Robert Toll, CEO of Toll Brothers, is in the process of running right of the proverbial cliff and into the jaws of the waiting sharks. The home building company has had a rough time of it as the market has slowed. But instead of blaming his own company for incorrectly predicting the market and over [...]
28Jun2007 | Tom Royce | 4 comments | Continued
ShackPrice Morphs Into Estately – From Search to Matchmaker
The wonderful world of Web 2.0 startups is full of twists and turns, and ShackPrices is making one of those turns re-branding itself as Estately.com and revising it’s business model. ShackPrices was focused on offering itself as a real estate search engine is now Estately.com that will offer a low cost alternative to finding an [...]
28Jun2007 | Tom Royce | 4 comments | Continued
Trump To Buy Nicklaus Course Development In Fresno, California
I love commerce. What happens when a small developer bites off more than they can chew and goes belly up in a bad market. Why of course, the big fish come on in and buy their developments at a deep discount. That is what Donald Trump is doing with the Running Horse development near Fresno [...]
27Jun2007 | Tom Royce | 2 comments | Continued
Mortgage Applications Drop Significantly, Hits 4 Month Low
Rising interest rates and slowing home sales caused a big drop in the mortgage loan applications last week as they dropped to a 4 month low. While this is a weekly number and can not be read for a global trend, we are supposed to be at the peak of the buying season and for [...]
27Jun2007 | Tom Royce | 2 comments | Continued
It's been a long that I have not visited your blog and I think I am not up to date. ...
I like how the market is described here. It really does make sense that if we can stabilize the housing ...
The problem is our government, followed by the banks. We bailed them out when they were in trouble, but now ...
I would appreciate if you would forward information on whether land contracts qualify for the tax credit.
Thanks, 
I have lived in Texas all my life, and I'm surprised that Texas as well as Oklahoma and Kansas are ...
Yo u guys don't no wat ur talkin bout Florida had most crime fade county little haiti opa locka west ...
I don't recommend CL in most cases...I use it for hiring, finding baby stuff, computers and bikes...anything else is a ...
I bought a statue tonight to bury in my yard for a quick sale on my house. I already found ...
Obtaining a viable news source would also be a welcome addition. Lets not pretend that rival political parties are not ...
