Archive for February, 2008
Selling Luxury Waterfront Properties From The Other Side
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!An enterprising real estate agent in Australia,Anthony Gorman of Ken Guy Maroochydore, is taking the real estate home tour to a new level. In his attempt to sell luxury waterfront properties he has rented out a luxury cruise yacht to take [...]
9Feb2008 | Tom Royce | 0 comments | Continued
Congress Approves 2008 Stimulus Plan - Benefits For FHA Loans
Congress approved an economic Stimulus plan that should benefit those trying to sell their homes in high prices areas. The increase in Fannie Mae and Freddie Mac limits from the present limit to as high as $729,750 will enable homeowners to save on their mortgages.
The combined ease of the approval process and the nearly [...]
Help the Tornado Victims in the Southeast
Agent Genius and Bloodhound Blog have teamed up to mobilize the RE.net to help the thousands of people who have lost their homes and the 50 or so that have lost their lives in the recent tornadoes to hit the southeastern United States.
If you can help, please donate by clicking the link at the top [...]
First Guilty Plea In 100 Million Dollar Penland, NC Swindle
It looks like the big fish has rolled over in the Penland land scam. Neil O’Rourke, ringleader of the 100 million dollar land scam has plead guilty in US District Court on the condition that he will testify against others charged in the probe.
This is one of the largest frauds committed in the United [...]
Farmers Branch, Texas Passes Ordinance Banning Illegals Renting Homes
The city of Farmers Branch, Texas has been trying for 2 years to ban the sale of homes to illegal aliens. Now they have tried a new tactic, banning the rental of homes to people who can not prove citizenship in the United States. While not unique, over 160 towns and cities in the country [...]
6Feb2008 | Tom Royce | 1 comment | Continued
Maryland Developer Colvin Donates 3 Million For Green Real Estate Program
A grant of 3 million dollars by Baltimore developer John Colvin and his wife will be used for a new green real estate program at the University of Maryland.
I am not a big fan of environmentalism for the sake of environmentalism. What I am a fan of though is taking the best of technology [...]
The Chicken Little Pundits Rebuttal or The Housing Bubble Bloggers Retort
Sorry to say the retort to the housing bubble bloggers is not going to come from me but rather Seeking Alpha’s Ben Holdsworth. I have spent part of the morning trying to paraphrase his column and realized that there is no way to do it justice coming from this humble scribe.
So if you have 5 [...]
Money And The Middle Class - Don’t Believe The Media
Reason TV’s Drew Carey discusses how the suffering middle class is really not suffering that much.
2 Billion Dollar Fund For California Workforce Housing
The big boys are coming out to play as prices become more reasonable.
Canyon Capital Realty Partners are teaming with former basketball star Magic Johnson and former California State Treasurer Phil Angelides to put together a 2 billion dollar housing fund. The target is not fancy office buildings but instead a much more mundane group, workforce [...]
Downpayments Growing As Mortgage Lenders Target Declining Regions
Mortgage companies are waking up to the fact that their is not just one mortgage market out there. Instead of making loans requirements based solely upon the lenders ability to pay, they are now looking at the local market that the home is in and adding additional requirements to ensuring the loans can be paid [...]
4Feb2008 | Tom Royce | 0 comments | Continued
I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
I just found your blog and it's filled with great information. One of my goals this year is to update ...
Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
I like your blog and I have read many of your articles. I agree that it is amazing the ...
Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home ...
I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, ...
I have had great success using craigslist. Renters need to be careful and make sure they check out their landlord ...
This is the start of where the market can begin to level out.
Home owners will start to be able to ...
