2008 February : The Real Estate Bloggers

Archive for February, 2008

post thumbnail

Homes of Presidents of the United States 10th Tyler to 19th Hayes

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Celebrating Presidents Day I thought it would be fun and educational to see the homes of where our former Presidents lived at some stage of their life. We will be posting them throughout the day.
Tenth President, John Tyler’s Home:

Eleventh […]

18Feb2008 | Tom Royce | 1 comment | Continued
post thumbnail

Homes of Presidents of the United States 1st Washington to 9th Harrison

Celebrating Presidents Day I thought it would be fun and educational to see the homes of where our former Presidents lived at some stage of their life. We will be posting them throughout the day.
First President, George Washington’s Home:

Second President, John Adam’s Home:

18Feb2008 | Tom Royce | 2 comments | Continued
post thumbnail

Suburban Blight Caused By Foreclosures

Suburban Blight typically is thought of as ill placed lawn knomes and pink flamingos. However, with the rash of foreclosures occurring, the blight is much more reminicent of what you would see in the inner city.
When homes are empty too long gangs and kids tend to take them over or vandalize the properties. Plus, homes […]

17Feb2008 | Tom Royce | 1 comment | Continued
post thumbnail

D.R. Horton Selling 400 California Homes for UP TO 50% OFF

D.R. Horton is having a hard time moving their inventory. They have 399 homes that have been on the market for over 12 months and they are desperate to move them. The homes are being offered at up to 50 percent off if you can close by March 31st, the end of their fiscal quarter. […]

15Feb2008 | Tom Royce | 1 comment | Continued
post thumbnail

Real Estate Bloggers: Gen Y Agents in a Gen X Body

The Seattle Post Inquirer has a story out today saying the real estate industry is looking for Gen Y agents. Since real estate attracts a second career demographic for the most part, I think I have the answer.
Instead of fretting that there are not enough 20 somethings running around the real estate office, find those […]

14Feb2008 | Tom Royce | 4 comments | Continued
post thumbnail

Mortgage Insurers Get Reprieve From Freddie Mac

Mortgage insurers typically have to carry an A or higher rating before Freddie Mac will allow them to insure loans that they will purchase. However with the downturn in housing values and the high levels of foreclosures this standard is being missed by many of the mortgage insurers.
Now Freddie Mac has loosened the requirements for […]

14Feb2008 | Tom Royce | 0 comments | Continued
post thumbnail

Bernanke Signals More Rate Cuts In Congressional Testimony

I am not sure if this will impact the mortgage markets, but Bernanke just hinted that there will be more rate cuts in the coming months. He was speaking to the Senate Banking Committee this morning.
Economists are fearing a recession based upon a weak housing sector and tougher corporate earnings. The rate cuts would […]

14Feb2008 | Tom Royce | 0 comments | Continued
post thumbnail

Sorry for the Double Posting

We had some server issues today.

13Feb2008 | Tom Royce | 0 comments | Continued
post thumbnail

Morgan Stanley Cuts 1,000 Mortgage Related Jobs

Morgan Stanley (MS), the investment firm, is cutting 1,000 jobs in it’s United States and British mortgage departments. The reason is that slowing demand has created excess capacity in these departments.

The move affects 1,000 jobs in the United States and Britain, and will lead to the discontinuation of the British-based residential mortgage lending business […]

13Feb2008 | Tom Royce | 0 comments | Continued
post thumbnail

Top 10 Metro Areas For Foreclosure Rate in 2007

 RealtyTrac has released their final numbers for top metro areas with the highest foreclosure rates in 2007. The numbers are ugly with Detroit having nearly 1 in 20 homes in some stage of foreclosure.
What is really worrisome to me in the statistics is that none of the cities are showing any decline. The numbers […]

13Feb2008 | Tom Royce | 1 comment | Continued