Archive for July, 2007
San Jose Broker May Lose License Over Actions By Agent
When the strings of a loosely run real estate practice unravel, the results can be very rough. Vision Quest 21, a San Jose based group of real estate offices, and their broker, Bic Pho, are facing fraud. These claims may cost the broker his license and has already cost him the franchises that he had [...]
25Jul2007 | Tom Royce | 5 comments | Continued
Vancouver City Strike Costing Developers 30,000 Dollars a Day
Few industries are as beholden to government workers as development and construction. There are many layers of bureaucracy that they have to wade through for every project. In the best of times this adds a cost due to inattention and malaise. However, add a strike as Vancouver is experiencing by city workers and it will [...]
24Jul2007 | Tom Royce | 1 comment | Continued
Thank You Sponsors!
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Countrywide Financial Takes Hit From Subprime Defaults But Remains Profitable
Watching the lending industry cope with their subprime and Alt-A lending mess you would think that any company that is associated with these loans are going to crash and burn. Countrywide Financial Corp. would be a favorite target, but the company remains profitable, albeit less profitable than a year ago or projections for this year. [...]
24Jul2007 | Tom Royce | 1 comment | Continued
Massachusetts Home Sales Slump at Mid Year Mark
Home sales in Massachusetts were down 8.3 percent for the month of June as the housing market failed to rebound in the important spring selling season. Prices for the homes that sold were down about 4.6 percent as the inventory of homes for sale to buyers is much higher than the norm.
Of course, Massachusetts real [...]
Inman TV Launches
Inman news has been offering a weekly video over the past couple of months. Today they took the step by releasing a new site inmantv.com to the public.
Go take a look, they are interviewing some interesting people in the real estate world. And with Inman Connect right around the corner, it should be rocking [...]
Hypo Real Estate Makes Offer for Depfa Bank PLC
Hypo Real Estate Group is making a bid to takeover the Depfa Bank PLC which would create a 10 billion dollar company that would be a powerhouse in commercial real estate finance. Depfa is an Irish based company while Hypo hails from Germany causing their to be some regulatory hurdles to be overcome, but the [...]
23Jul2007 | Tom Royce | 0 comments | Continued
New Home Source Working Together With Yahoo! Real Estate
New Home Source, the website that contains listings from a consortium of most of the top 38 homebuilders in the country, is joining forces with Yahoo! Real Estate to provide better exposure to it’s listings. While this is a logical move, why did it take these boys so long to have this partnership come about. [...]
23Jul2007 | Tom Royce | 5 comments | Continued
Hulk Hogan Selling Miami Estate For 18.9 Million Dollars
The 11 bedroom, 11 and a half bath Miami home of Hulk Hogan is on the market. Perez Hilton found the listing at Realtor.com which puts the square footage at a little over 17,000.
The 18,900,000 dollar figure for the Hulkster’s home is not out of line for the area.
Cool modern simplicity. Fearlessly designed & [...]
22Jul2007 | Tom Royce | 7 comments | Continued
Top 10 Worst Hit Zip Codes By Foreclosure – Second Quarter, 2007
If you are looking at the worst zip codes in the country for foreclosures, they all tend to share some of the same characteristics. The homes values are slightly below the state averages in terms of value while the income level of the residents are significantly below the state average income levels.
We talk about [...]
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
