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 [...]
Although I agree on most points, I would like to point out that most of the banks that are being ...
The question is when are they going to release them on the market. Las Vegas leads the nation in ...
I keep seeing mentions of Florida's market getting better in multiple blogs. I'm increasingly under the assumption that at least ...
I would like to know more about it. I need to know how you file for it. Please let me ...
Great blog, keep the great content coming! 
If you want to succeed, do not say "we can prevent this in the future." Live in reality. ...
The price of the property depends on its quality and the deal between the management. Good and wise choices are ...
I don't have experience at actualy working in tha automotive bussinnes, but have experience working in a warehouse invironment. ...
