Archive for December, 2007

RIP Beverly Flynn - Realtor Killed in Omaha Mall Shooting

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Our condolences go out to Beverly Flynn a realtor from Omaha that worked in the NP Dodge Co. Brokerage. Realtor Magazine had a blurb on her and how you can contribute to her family.
Dodge said that Flynn, 47, had [...]

8Dec2007 | Tom Royce | 0 comments | Continued

Interest Rate Freeze on SubPrime Loans Disliked By Most

The problem with finding middle ground on a major issue typically means you have found the wrong answer. Listening to the critics over the past couple of days on President Bush’s agreement with the mortgage industry to freeze subprime loans has recieved tepid praise from few and condemnation from many.
Economic issues rarely can be [...]

8Dec2007 | Tom Royce | 1 comment | Continued

Tax Evasion In Real Estate Partnerships Is Huge According To Expert

With the record rise in residential and commercial real estate over the past few years their has been a great deal of profit for real estate partnerships. Now a former IRS agent and specialist in partnership taxation says that billions are going unreported to the government.
Either through the inaccurate reporting on the 1231 exchange [...]

7Dec2007 | Tom Royce | 2 comments | Continued

New Advancements in Internet Video From RexNet - Smith’s Landing at Virginia Tech

If you are looking for ideas on how effective video for selling real estate is, take a look at this excellent example created by RexNet for Smith’s Landing, a apartment complex just off the Virginia Tech campus in Blacksburg, Virginia.
You may recognize the guy in the photo. He is Bruce Smith a partner in the [...]

6Dec2007 | Tom Royce | 12 comments | Continued

In Expensive Markets, Is $417,000 The Ideal Price Point To Sell A Home?

The San Jose Mercury News today talks about pricing a home and the benefits of the $417,000 price point. For those who do not recognize the number, $417,000 is the limit of qualifying for a conforming loan that Freddie Mac or Fannie Mae will purchase. This limit is huge as once it is breached you [...]

6Dec2007 | Tom Royce | 1 comment | Continued

Toll Brothers Takes A Beating, But Keeps On Ticking

Toll Brothers, one of America’s largest builders, is still moving on even after posting an eighty million dollar loss. The company did better than analysts expected but still had a very rough quarter as contracts fell nearly 50 percent from the same period last year.
This is a good sign as it is forcing the [...]

6Dec2007 | Tom Royce | 1 comment | Continued

Another Perspective On The Interest Rate Problems In The Country

I found this post via Instapundit and it illustrates the problem we have with perspective sometimes when looking at real estate.
High interest is a matter of perspective
Give it a read. It shows sometimes buying the most house one can afford is not the best bet.
Update: Check out Michelle Malkin on the problem with [...]

6Dec2007 | Tom Royce | 0 comments | Continued

Bush Plan, 5 Year Rate Freeze Moratorium For Mortgage Holders

It looks like a deal is being worked out between the White House and Mortgage Lenders on a freeze on mortgage rates. Anytime the government gets involved in the private markets as abruptly as this their are always serious unintended consequences.
All of the talk about foreclosures has not had me nervous for the economy [...]

5Dec2007 | Tom Royce | 4 comments | Continued

London Real Estate Pressured As Dubai Selling 10 Billion Pound Investments

While the United States struggles with a housing slowdown in a strong economy, London may be getting a double whammy as property investment funds are liquidating or reducing holdings all at the same time. Property values in parts of the city are down nearly 15 percent and investors are pulling their money out of the [...]

5Dec2007 | Tom Royce | 1 comment | Continued