Archive for January, 2008

Are We Headed To A National Recession Due To Housing Issues?

I do not think so if the market is left alone, but when we are in a Presidential election year and the candidates are pandering to fix all of your problems, we are facing the law of unintended consequences.
I was all prepared to write a long post on this subject but I came across [...]

22Jan2008 | Tom Royce | 1 comment | Continued

Finding Your Niche – How About Haunted Houses

http://www.hauntedrealestateblog.com/wordpress/

21Jan2008 | Tom Royce | 0 comments | Continued

New Hampshire Animal Shelter Developing Plan For Forclosure Pets

Our earlier post on The Foreclosure Dog has caught a bit of a trend. There is a Salem, New Hampshire shelter that is looking into providing a short term shelter for pets that have to be given up for adoption due to foreclosures. Instead of immediately trying to find new homes for the animals they [...]

21Jan2008 | Tom Royce | 0 comments | Continued

Toprack Mansion Sells For Nearly 100 Million Dollars in London

London real estate is the place to be for the top end these days. Another blockbuster sale has occurred as the Kazakhstan billionaire Horelma Peramam bought the Toprack Mansion on London’s famed billionaire row, Bishop’s Avenue.
The home sold for 50 million pounds, nearly 100 million US dollars. Forbes has recently had the home listed as [...]

21Jan2008 | Tom Royce | 4 comments | Continued

Real Estate Glass Half Full No Matter What Sceptics Say

What do you think of a market that doubles in many areas and then gives 10–20 percent back? To some it is the coming Armegeddon to others it is a normal market. That is the lesson at an Atlanta real estate symposium held this weekend.
And when you think that credit has not really tightened [...]

20Jan2008 | Tom Royce | 5 comments | Continued

Miami Herald Ombudsman Looks At Real Estate Reporting

The Ombudsman at the Miami Herald, Edward Schumacher-Matos, has taken a look at the real estate reporting coming out of paper and gives it a passing grade. The amazing swings that comprise South Florida real estate are always difficult to report and the stakeholders in a boom and bust economy will always gripe when the news is [...]

20Jan2008 | Tom Royce | 0 comments | Continued

HP Selling 2 Million Square Feet of Office Space in Hot Houston Market

Hewlett Packard is completing the last of the cost reductions of it’s Compaq Computer acquisition by selling 2 million square feet of office space in it’s Northwest Harris County complex. While their will be no reduction in work force, the property is being under utilized and Houston is still a hot market.
The high cost [...]

20Jan2008 | Tom Royce | 0 comments | Continued

Why Hillary Clinton Would Be A Disaster For The Country

I try to keep politics away from this site, but reading this editorial on Hillary Clinton’s plans for fixing the forclosure problem made my skin crawl. Populist idea’s that will save a small part of the population tend to punish everyone else. That is the law of unintended consequences.
Well Hillary’s plan is so dangerous [...]

18Jan2008 | Tom Royce | 4 comments | Continued

Appraiser Jeniffer Wertz Suing WAMU Over Blacklisting For Not Changing Appraisals

The uncomfortable relationship between mortgage lenders and appraisers is starting to come out into the open. For years we have seen mortgage companies pressure appraisers to provide numbers that they can work with, or else lose the business.
It has put the appraisers in an awkward position, feed the family or maintain their ethics. Well, one [...]

18Jan2008 | Tom Royce | 5 comments | Continued

$3 Billion Cosmopolitan Casino Foreclosed On By Deutche Bank

The Cosmopolitan Resort and Casino being constructed for 3.6 billion dollars on the Las Vegas strip has been defaulted on by lender Deutche Bank AG over a 760 million dollar loan. The bank announced the default yesterday as the investor has been scambling for new investors. This is nothing new for the lead developer.
According [...]

18Jan2008 | Tom Royce | 3 comments | Continued