Archive for September, 2007

Fed Interest Rate Cut on Housing - Who Will It Benefit

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Thankfully the Federal Reserve cut the prime interest rate, but to whom will these benefits help? That is the question I have been getting and hearing around the web.
First of all, it should give the borrower with an [...]

19Sep2007 | Tom Royce | 1 comment | Continued

Top 10 States for Foreclosures in August, 2007

Yesterday I published the top 10 worst foreclosure markets in July, today you get the numbers in August. I was not paying attention [ed. Coffee deficit] and put up the wrong month. It did work out as comparing the posts, you can see how quickly the foreclosure market is ramping up. The Feds reduction in the [...]

19Sep2007 | Tom Royce | 1 comment | Continued

Top 10 States for Foreclosures in July, 2007

Nevada led the 10 worst states for foreclosures in July, 2007 with Georgia coming a close second. The numbers in Nevada are pretty amazing as 1 in every 199 homes are in some stage of foreclosure. Compare that to Vermont who has the least amount of foreclosures in the country. Vermont has only 1 foreclosure [...]

18Sep2007 | Tom Royce | 1 comment | Continued

Charleston Realtors Launch Television Channel

Are you getting the idea that the old way of selling homes is not working? That is my impression on reading that the Charleston (SC) Trident Association of Realtors is launching a television channel on local cable to showcase homes for sale.
Now in most markets there are home for sale shows that allow agents [...]

18Sep2007 | Tom Royce | 0 comments | Continued

E-Trade Getting Out of Wholesale Mortgage Business

E-Trade has learned the lesson of the secondary mortgage market, and it is to stay the hell out of it. With most of their portfolio in mortgages held in house, and we are talking about 30 billion, the little secondary mortgage business that E-Trade has been doing is just putting a taint on the company [...]

18Sep2007 | Tom Royce | 0 comments | Continued

Greenspan Thinks Housing Downturn Unavoidable As Book Comes Out…

The combination of saving the economy from the effects of the stock market bubble and 9/11 created the storm that is now the credit crunch and housing bubble. It does not take a rocket scientist to figure that out, but in reading interviews that Alan Greenspan is giving while promoting his book, The Age Of [...]

17Sep2007 | Tom Royce | 2 comments | Continued

BlogRush - The New MyBlogLog With Linkage Potential

Face it, as bloggers we all like to get new traffic. There is a new widget out there that can help drive some traffic from the guys over at Income.com called BlogRush.
What BlogRush does is use a widget on your site to put links to other blog stories in your vertical. We are always [...]

16Sep2007 | Tom Royce | 0 comments | Continued

Top Ten Most Expensive Zip Codes In United States 2006-2007

Home sales may be slower, but for these zip codes across the United State the housing prices seem to be holding their own and zooming higher. An analysis of homes that sold between July, 2006 and June, 2007 show that these ten zip codes had the highest average sale price for the period.
Of course these [...]

16Sep2007 | Tom Royce | 1 comment | Continued

The Real Florida Real Estate Collapse - 1920’s Style

“Those who do not learn from history are doomed to repeat it”

These are words many in Florida are saying about the real estate slowdown. However, the reality is that any problems we have in Florida are minor compared to those experienced in Florida’s first great land rush in the 1920’s.
Then speculation was rampant, but [...]

16Sep2007 | Tom Royce | 0 comments | Continued

How Companies Are Riding Out The Housing Slowdown

Focusing so closely on the real estate side of housing, we sometimes forget all of the other industries that have tied their fortunes to the housing boom. When a new home is built, there is the demand for appliances, furniture, fixtures, and hundreds of other items. All of these industries have seen improved results as [...]

15Sep2007 | Tom Royce | 1 comment | Continued