Archive for May, 2008
Are Hurricane Prone Areas Losing Population Due To Fear Of Storms Or Housing Slowdown?
Owning real estate in hurricane prone regions of the country has always had it’s risks. So after a particularly bad stretch of storms over the past few years one would expect the population to decline.
And it has, by about 1 percent since 2000.
Of course, according to the study by USA Today, the regions hardest [...]
50 Cent’s Long Island Home Burns Down – Was It Arson?
The Dix Hills home of Rap star 50 Cent burned down in what investigators have deemed suspicious. The home was being lived in by Curtis Jackson’s (50 Cent’s real name) former girlfriend, his 10 year old son, and her family.
What has raised the concern of investigators was that earlier this week a violent discussion broke [...]
Commmuting Pain Index – Los Angeles and Atlanta Lead The Way
If you are looking to save your sanity and pocket book, or if you really hate traffic, here are the cities to stay away from.
These cities share a high level of traffic combined with a spread out workforce. Long commutes are the norm and it is wearing on those who live there.
IBM commissioned [...]
30May2008 | Tom Royce | 4 comments | Continued
Patchwork Nation – A New Demographic Study Of The United States
Patchwork Nation is a new initiative by the Christian Science Monitor to break the country into 11 demographic units by county that best represent the population that lives there. The report has been done primarily for political purposes but the implication for housing and real estate are also included in the report.
These categories are:
Boom [...]
29May2008 | Tom Royce | 3 comments | Continued
Does It Have A Mouse? An Amazing Video on Where We Are Going…
Does it have a mouse?
That is the question that is sticking in my head after watching this video. It is about how our society is changing from one that has been trained to receive information and be entertained to one which will participate and interact.
I want to thank Daniel Rothamel of the Real Estate [...]
Realtors 30 Under 30 Announced
I do not know about you, but when I was in my 20s I was always ready to go with new ideas. Just at that stage raw ambition and motivation were not enough sometimes to get me over the hump.
However, the new crop of Realtor Magazine’s 30 Under 30 have the motivation and the [...]
The Later The Subprime And Alt-A Loan, The Greater The Default Rate
If you are looking for an indicator on who is defaulting on subprime and Alt-A loans, just see when they were written. A 2007 subprime loan has 26 percent chance of being in default.
These are some disturbing numbers. Is it because there is no equity in these homes or were the borrowers at the bottom [...]
DOJ and NAR Reach Settlement in Suit After Technology Has Moved Forward
The long running lawsuit that the Department of Justice has brought against the National Association of Realtors has been settled. The big winners were the lawyers.
What a surprise.
The amazing thing about monopoly and governmental lawsuits against companies over the issues of technology is that by the time the slow gears of justice run [...]
Harry Macklowe Sells GM Building (and others) For 3.9 Billion, Turns Over Business To Son William
Harry Macklowe, the New York City developer who is famous for his Houdini type escapes from impending doom, has sold the GM Building and 3 others to a group led by Mort Zuckerman. Macklowe was on the verge of bankruptcy when the shrinking credit market made it impossible for him to refinance some debt.
As [...]
Burning Down The House or Torching Your Foreclosure
Hold tight wait till the partys overHold tight were in for nasty weatherThere has got to be a wayBurning down the house
(lyrics of the Talking Heads classic, Burning Down The House)
A report out of Memphis found that a new trend is emerging, burning down one home when it is in foreclosure. Out of the [...]
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
