Archive for October, 2007
Erebus Haunted House - Number 10 of Top 10 Haunted Houses in America
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!In our post last year we featured the Top 10 Haunted Houses in America just before Halloween. This year we will count down and feature each one of these haunted homes every day in anticipation of Halloween.
Number 10 – [...]
Citigroup, Bank Of America, and JPMorgan To Fund 100 Billion Dollar Rescue Fund
The top banks in the world are feeling the pinch of the global credit crisis touched off by the over extension of home loans in the United States. The liquidity crisis has caused the credit markets to essentially shut down as lending rates are exceeding the level borrowers expect, and banks are demanding a much [...]
16Oct2007 | Tom Royce | 2 comments | Continued
Outside The Box Marketing - The Foreclosure Bus Tour
Instead of following the pack and complaining about Stockton’s slow market around the water cooler, Cesar Dias decided to take action. The real estate agent now runs the Repo Bus Tour and takes interested buyers around Stockton to see properties that are in foreclosure.
This is true marketing. He has already made sales using this practice [...]
Top 10 Rural Counties In United States
If you are looking to move to a rural county in the United States, Progressive Farmer has come up with this list of the Top 10 Best Places to Live in Rural America. The criteria that was used to create the list looks like it includes commerce, quality of healthcare, education, and a strong farming [...]
15Oct2007 | Tom Royce | 1 comment | Continued
Taxes and Real Estate - How Do They Affect Each Other?
The Cato Institute has released this chart on taxation and income levels. It shows that the Bush tax cut has lowered the tax rate across the income spectrum from the richest to the poorest demographics.
On the top end of the income chart lower taxes means more disposable income possibly creating new home sales but we [...]
15Oct2007 | Tom Royce | 1 comment | Continued
Carried Interest Proposal In Front Of Congress Could Hurt Real Estate Investors
The United States Congress is looking to tax carried interest as regular income as opposed to capital gains as it is now. The motivation is that some hedge fund managers and venture capitalists are reaping huge windfalls and that is not fair.
But Congress is falling into the trap of the law of unintended consequences. In their [...]
Is RealtyTrac Overstating Foreclosure Numbers?
If you are a regular reader to this site you know that I love Top 10 lists and am a numbers junkie. But according to a report from the Atlanta Journal Constitution one of my favorite sources has been overstating their numbers.
RealtyTrac overstated the foreclosure rate for Georgia by over 2,200 homes of the [...]
Countrywide CEO Mozilo Says Credit Crunch Will Hurt Minority Lending
Reminiscent of John Edwards presidential campaign, Angelo Mozilo told a conference that the credit crisis that we have gone through will primarily hurt minority lending. This may be so, but the use of financial instruments to promote social causes is never in the best interests of any party.
Typically newer immigrants are a rental class. [...]
Centex to Take a 1 Billion Dollar Writedown in Assets
Centex Corp. announced that it will be taking a billion dollars in charges for it’s second quarter in writing down land and inventory holdings. While this is a huge number, it is also a very healthy move for the company and the industry.
We all know every player in the housing industry overextended. Land contracts and [...]
New Urban Modular Housing Units Are Called Mobile Homes in the Country
The Seattle Post Intelligencer has a nearly breathless article on the the benefits of modular apartments. These apartments will provide fast low cost housing in cities and reduce the time to build by half. And the image that accompanies the article shows a sleek stylish building that stacks on themselves.
But when Country Mouse looked at [...]
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 ...
