Archive for March, 2008
IKEA Homes Coming to England
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IKEA, the name that savvy 20 somethings think of when buying inexpensive furniture for their first home, is getting into the English home building business. They are focusing on their core strength, low cost, high quality construction that is [...]
Using Google Adwords to Drive Traffic? Slim Down and Save Money
If you are using Google Adwords to drive traffic to your real estate site it would make a great deal of sense to sit down with your web designer and slim down your page (send them this post as it will help them).
Google Adwords uses a quality score to determine how much you are [...]
Trump Tweaks Palm Beach Officials With Plans To Turn 125 Million Dollar Mansion Into a Hotel
Donald Trump is an expert at link bait.
First he puts his home in Palm Beach up for sale for a record 125 million dollars. Then after a couple of years of no action, he decides to announce to the world that he is going to turn the property into a hotel.
Now if you know [...]
The Feds Tricky Road Unwinding the Credit Crisis
Megan McArdle, on the Atlantic Magazine blog, has an excellent analysis of the recent dance between the Federal Reserve, Bear Stearns, and JP Morgan. The averting of a credit crisis that has been projected by the bubble bloggers may be short lived, but overall the Federal Reserve did it’s job in this instance.
Yes, this is [...]
17Mar2008 | Tom Royce | 0 comments | Continued
Bear Stearns Selling, Fed Rate Cut, and CNBC Streaming Live
A Sunday (discount) rate cut came out today after the announcement that is buying Bear Stearns for a pittance as the company is on the verge of collapse.
JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. for about $240 million, less than a 10th of its value last week, after a run [...]
16Mar2008 | Tom Royce | 3 comments | Continued
Inspirada and Kyle Canyon Las Vegas Projects Missing Payments
It looks like the Inspirada and Kyle Canyon Gateway subdivisions outside of Las Vegas are in deep trouble as nearly non existent sales have empties the coffers.
Expect to see more stories like this as the deep pocket investors are bailing out on developments across the country.
Two Las Vegas housing projects have each missed an interest payment [...]
15Mar2008 | Tom Royce | 0 comments | Continued
FBI Creates Nevada Mortgage Task Force
The FBI has been sleeping through the mortgage fraud crisis hoping the elephant in the room would just go away. The banks lose a few million, homeowners end up with reduced property values, and we do not have to get our budgets blown out.
However, the elephant has started tearing things up just a little too much and now the [...]
The Girl Who Destroyed The New York Housing Market
I wish I had caught this sooner. Fortunately Dean Foust was on top of things.
While I think Dean was wildly overeacting when he stated that this one little 6 year old caused the national housing meltdown, I think all are convinced that she had a major play in the recent downturn for New York City.
Could Fannie Mae Go Belly Up?
That is the question that is being asked over at Smart Money. They have gone through the balance sheet of the public private mortgage guarantor are concerned. Creative accounting and overly positive projections paint a picture that could be far from reality.
This would not be as worrisome but the past history of Fannie Mae [...]
Foreclosures Dip 4 Percent in February, 2008
Foreclosures for the month of February, 2008 dipped 4 percent from January’s number but still were up a whopping 60 percent over February, 2007. The number while heartening also show that the foreclosure crisis is still going on.
The top states with the highest foreclosures follow the trend of where the housing bubble tracked as [...]
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 ...
