Archive for December, 2007
Top 20 Metro Areas Show Huge Appreciations Eroding But Not Plummeting
Sometimes it takes a cup of hot coffee to be dropped in your lap from the McDonald’s drive thru to remind us how insane reporting is and how they revel in fear, uncertainty, and doubt. The real estate world has been turned upside down over the past couple of years as the media pounds the [...]
31Dec2007 | Tom Royce | 3 comments | Continued
Vulture Funds Being Created To Capitalize on Commercial Real Estate Market
The lack of credit is putting the screws to the commercial real estate market. If you think we are having big issues qualifying home owners for mortgages, the residential market is down right easy compared to the commercial market.
The tightening of lending standards has crippled many of the markets. Of course, there are those that [...]
Making Money On REO Properties
The market for REO properties is just not in the selling of them. With the average cost for unloading a foreclosure is $60,000 for a bank there is a great deal of money on the table in servicing REO properties. The Washington Post has an interesting article discussing the different ways people are making money [...]
28Dec2007 | Tom Royce | 1 comment | Continued
Re/Max 2000 of Phoenix Shuts 13 Offices
Re/Max 2000, one of the larger brokerages operating out of Gilbert, Arizona has shut down 13 of their offices. The firm is facing difficult circumstances with a slowing Phoenix market and to “save the company” they have ceased operations in these offices.
What I can not understand is why they let go the agents? Paying [...]
Making the Seniors Work To Pay Off Property Taxes – Your Bloodsucking Government in Action
This makes my blood boil. New York overall has such ridiculous property taxes to pay for the bloat of civil service and government payrolls and services. Now that they have squeezed all of the blood out of the stone that the senior population in these cities can afford, they are looking to have them work [...]
26Dec2007 | Tom Royce | 9 comments | Continued
How The High Tech Home May Have Helped Create The Housing Boom
If you are wondering why so many new homes were built recently, it may be a by-product of the technology boom. Wired has an article that places the blame on the housing boom on techno-lust, but I just attribute that to the prism that they see the world through.
However, this paragraph is telling. According to [...]
Sign of the Times – The Foreclosure Dog
This is a sad sign of the tough foreclosure market across the country, the Foreclosure Dog. There has been a large upturn in the amount of dogs that are being turned into animal shelters across the country as people are forced to give up their homes and the ability to care for their pets.
Both dogs [...]
Marin County Mansion Locksley Hall Sells For $65 Million
Who says sales in Northern California are slowing down…
Locksley Hall, the 12 thousand square foot mansion owned by mining magnate, has sold for full price. The Marin County home overlooking San Francisco Bay was originally bought for a mere 5.5 million dollars but extensive upgrades totaling an estimated 32 million dollars enabled Robert Friedland and his [...]
Ken Hendricks, CEO of ABC Supply, Dies in Roofing Accident
In a sad story, Rick Hendricks of Beloit, Wisconsin, died after falling through his garage roof. The 66 year old was the founder and CEO of ABC Supply and the 91st richest man in the United States.
The self made billionaire fortune was built by consolidating many of the suppliers of roofing and building supplies across the [...]
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
