Archive for February, 2008
Why Connecticut Wants Your Money Any Way They Can Get It…
“If the Realtors are so concerned, why don’t they lower their 6 percent [commissions]?” James Finley, Connecticut Conference of Municipalities chief lobbyist.
This folks is what you are fighting when I bitch about government greed. The example of Connecticut fighting Realtors over a short term transfer tax that the cities and municipalities want to maintain. Connecticut [...]
CDO Primer or How The Subprime Mess Got So Big
I was forwarded this powerpoint presentation on the subprime mess and how a bad loan from a mortgage broker ends up bringing the economy to a precarious position.
Click on Image to Download Powerpoint Presentation.
I do not know who did this originally but if anyone can point me in the right direction I would be grateful [...]
Kane County Board Attempts To Steal (Acquire) Leased Building
Ah, the power of a police force. The Kane County, Illinois government is in a quandary. They signed a long term lease on an old Montgomery Ward to house their government offices. But then decided they wanted to buy the building.
If it was a deal with anyone but a governmental agency, the process would [...]
Homebuyers Psychology and How It Is Impacting Todays Market, Video With Robert Shiller
An interesting interview with Robert Shiller on how the homebuyers are viewing the high inventory and the psychological response to the marketplace.
Buckhead in Atlanta a Microcosm For Commercial Real Estate?
Reading through the local paper I came across an article on how Buckhead is about to have a glut of Class A office space in the coming year. For those of you that do not know, Buckhead is “the place to be” in Atlanta business these days, just north of downtown.
With all of the [...]
Sam Zell Thinks Spring Recovery Probable
Sam Zell thinks a Spring recovery in the domestic housing market is probable. While counter to the masses, it would be very hard to bet against Zell’s market timing. Remember, he is the one who sold his Equity Office empire that he spent decades on at the top of the commercial market.
“I think starts [...]
26Feb2008 | Tom Royce | 4 comments | Continued
Realtors: Find Something to Give Away For Free Today
You as real estate professionals are facing a dilemma.
The internet is chock full of sites giving your guild information away for free. Competitors are putting extreme price pressure on your income.
Add to that a glut of new real estate agents on the market living off of beans and rice trying to take business [...]
Washington MLS Changes Time For New Listings
The time that a home has to be off the market for it to be a new listing has been cut in half in Washington DC. Having a home appear newly listed is a benefit to the seller as they do not seem nearly as desperate as someone whose home has been for sale for [...]
25Feb2008 | Tom Royce | 0 comments | Continued
Residential Real Estate Downturn Due To Greed, Commercial Due to Credit Crunch?
Here is a question to the media.
Why is it when residential sales drop it is because of the fault of the housing industry, but when sales of commercial properties fall it is because of the credit crunch?
I know I am seriously generalizing the issue but that is how the media is approaching this.
All residential [...]
25Feb2008 | Tom Royce | 0 comments | Continued
The One Strong Real Estate Market in America – Online…
It looks like there is one good real estate market left in America, and that is online. The views of real estate sites and traffic coming into them is growing as America tries to come to grips with the slowdown in the real world.
This does make sense as real estate is the one asset [...]
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 ...
