Real Estate Blog, Mortgage, and Development News
Today is Wednesday, August 20th, 2008
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 | ContinuedCelebrating 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 | ContinuedSuburban 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 […]
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 | ContinuedThe 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 […]
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 […]
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 […]
We had some server issues today.
13Feb2008 | Tom Royce | 0 comments | ContinuedMorgan 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 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 […]