Archive for July, 2007

Top 10 Top Earning Towns In The United States

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!If you are a big earner and want to live with your peers, these 10 towns are just right for you. The San Francisco suburb of Hillsborough leads the list with an average income of 263,456 dollars a year. […]

27Jul2007 | Tom Royce | 1 comment | Continued

Section 8 Housing May Get a 2 Billion Dollar Infusion

If you are an investor in Section 8 housing or have some inventory that could fit this mold, the news coming out of the Democratic Congress may have some good stuff for you. Maxine Waters has introduced a bill called the Section 8 Voucher Reform Act which would create 100,000 new Section 8 vouchers over the […]

27Jul2007 | Tom Royce | 2 comments | Continued

News Today is Morbid, Are We Close To The Bottom?

Waking up this morning trying to determine the stories I will write about is a bear. Seriously, everyone is talking about the bear real estate market in the media.
Even Time Magazine is getting into the act. When that behemoth wakes up to a story you know that it is in full form. When Time finally noticed […]

27Jul2007 | Tom Royce | 2 comments | Continued

New Home Sales Down 22 Percent From Last Year - Dow Down 300 Points

While not surprising to many who are following the housing market, new home sales have dropped 6.6 percent from last month and 22 percent off of June, 2006. Pricing did not take the same hit, it was down 2.2 percent from last year.
Builders are going to take a beating in the next few months. […]

26Jul2007 | Tom Royce | 0 comments | Continued

“I was seeing, tree, rock, rock, tree, body.”

The instances of real estate agents finding dead bodies at homes for sale keep occurring. I am not sure whether we are just noticing this or if it is a trend. The latest occurrence takes place just outside of Denver, Colorado in the suburban community of Morrison. The real estate agents said she and the […]

26Jul2007 | Tom Royce | 5 comments | Continued

Tribune Profits Down 59 Percent on Lower Classified Sales, Will Zell Bolt?

The Tribune Co. advertising revenue took a beating in the second quarter as classified sales dropped significantly. Real Estate advertising is a big part of the classified sales and with the recent news out of Realogy that they will be cutting back on newspaper advertising the landscape will continue to get bleaker.
Now here comes […]

26Jul2007 | Tom Royce | 1 comment | Continued

Blackstone’s Flips Equity Office Properties At An Amazing Speed

When Blackstone purchased Equity Office from Sam Zell people knew that some of the properties would be flipped. What is amazing Wall Street and the commercial real estate community is the speed in which these transactions are occurring. In the 6 months since the deal was announced, Blackstone has sold nearly half of the properties […]

26Jul2007 | Tom Royce | 2 comments | Continued

Countrywide’s CEO Angelo Mozilo’s Sells Off Stock

Dean Foust, fellow Atlanta resident, has a great post on the CEO of Countrywide who has been selling his shares since December. Now, before people go off half cocked, what he is doing is perfectly legal, but the CEO who has held onto his shares for 39 years selling them just before the company takes […]

25Jul2007 | Tom Royce | 2 comments | Continued

Realogy Offers Health Insurance To 250,000 Brokers. Agents. and Families

If you are a Real Estate agent, getting health insurance is typically a major headache. Today’s announcement by Realogy that they are offering health plans to their 250,000 brokers and agents is such big news. Realogy, parent of Century 21, Coldwell Banker, Southeby International, and ERA now will offer their associates and their families the opportunity to get […]

25Jul2007 | Tom Royce | 2 comments | Continued

West Nile Virus Outbreak Blamed On Slow Housing Market

Those empty homes that are a result of foreclosures or slow sales may be more of a problem than just an unmowed lawn. Reports coming out of California that an increase in West Nile Virus incidents may be due to the failure of pools being maintained.
When a home is foreclosed upon, draining and preparing […]

25Jul2007 | Tom Royce | 3 comments | Continued