Archive for September, 2007
Marketing Commercial Real Estate as “Lucky Building” To Entreprenuers
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These are some of the companies that got started in the commercial buildings that the Amidis family of Silicon Valley own. They are calling it the “Lucky Building” in their marketing material and they may be [...]
The Lifestyle Remains
There is so much fear in the real estate world. When things were zooming through the roof many folks thought that it would continue indefinitely and built their world around the successes never expecting a downturn. Seeing this cartoon by Hugh MacLeod got me thinking that the fear and issues are self induced. Expansion in [...]
13Sep2007 | Tom Royce | 0 comments | Continued
Countrywide Lending Falls Off 17 Percent in August
The bellwether indicator for the mortgage industry has to be Countrywide Financial as they are the 500 pound gorilla of the industry. So when business is off 17 percent from August of last year, you know that the landscape has changed drastically.
Countrywide Financial Corp (CFC.N), the largest U.S. mortgage lender, said on Thursday its mortgage fundings slid [...]
13Sep2007 | Tom Royce | 0 comments | Continued
Real Estate Investors, Are They Getting Out or Just Moving On
Builders thought they were building for homeowners in hot spots such as Florida, Las Vegas, and parts of California. In reality, the true market drivers in these areas were real estate investors who were constantly trying to time the markets. When the investor class pulled out of the market, a huge overhang of inventory of [...]
13Sep2007 | Tom Royce | 5 comments | Continued
Top 10 US Cities With Overextended Homeowners
If you are looking for markets where the a good percentage of the homeowners are overextended, we have the list for you.
These are the markets that have the highest percentage of homeowners paying more than 50 percent of their incomes on housing costs. The combination of rising property values, rents, mortgage interest rates, property taxes, [...]
As Commercial Real Estate Slows Down, Bad Deals Fall Off the Table
Let’s face it, when a feeding frenzy happens those eating do not get very particular. With the cheap credit and huge deals driving appreciation in the top end commercial markets, there were deals on the table that a sober analysis would send the buyers racing for the exit. But there was a feeding frenzy going [...]
12Sep2007 | Tom Royce | 1 comment | Continued
Thank You Sponsors and Readers!
Sponsorship of The Real Estate Bloggers is what lets me continue to provide the content that you enjoy every week. Since this site is not used to promote any service that I personally offer, one of the way’s that I keep my growing boys fed is through the wonderful sponsorships by these fine companies.
So [...]
Subprime Depressing Home Sales By 5 to 10 Percent
I found this nugget is a story out of Dallas. A Freddie Mac economist speaking at the Five Star Mortgage Default Servicing Conference stated that the subprime market fallout is causing home sales to drop by 5 to 10 percent overall. This is a pretty huge number, but I am wondering if it is a segmented [...]
11Sep2007 | Tom Royce | 2 comments | Continued
95-year-old Spanish Blogger Making Waves: Update 107 yr old Aussie is Oldest Now
For those of you that think you are too old to do this internet thing and start your own blog, here is the heartwarming story of Maria Amelia Lopez of Spain who decided to start her own blog. And did I mention she is 95 years old.
I really think this is awesome.
Her readers call her [...]
11Sep2007 | Tom Royce | 3 comments | Continued
Georgia Realtors Face Large Fine For Failing To Disclose Political Contributions
If you are a Realtor in Georgia, you may indirectly be a party to campaign violations in the last election cycle. What the Georgia Association of Realtors call a mistake, the State Ethics Commission calls election fraud. More than $400,000 in campaign contributions were never disclosed during the 2006 election cycle.
Odds are this is [...]
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 ...
