2008 May : The Real Estate Bloggers

Archive for May, 2008

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Case Shiller Analysis - When Was The Last Time Your City Was This Low

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Case Shiller Report that was released today got me to thinking. The report was ablaze with how the sky is falling and the major media, and myself, jumped right through the hoop.
It did get me to thinking. […]

27May2008 | Tom Royce | 2 comments | Continued
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Yikes! Case Shiller Report Shows 20 Largest Metro Areas Drop 14.1 Percent In Quarter

The news today coming from the Case Shiller index is dismal as their top 20 metro areas dropped 14.1 percent and the top 10 metro areas fell 15 percent in March from the previous year.
The numbers are rough folks, but going into the spring season the perspective on potential buyers may be even worse. […]

27May2008 | Tom Royce | 3 comments | Continued
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Mortgage Guaranty Ends Mortgage Insurance For Condos in Florida

The largest mortgage reinsurance company, Mortgage Guaranty Insurance Corp., has decided to stop providing private mortgage insurance to condo owners in Florida starting June 1st. While others will continue to provide the service this is still fairly big news.
The company lost 1.4 billion in the 4th quarter last year and is trying to get […]

26May2008 | Tom Royce | 0 comments | Continued
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Blogging Is Hard Some Days

Don’t you feel this way? I know I do.
I try to do 3 posts a day during the week, more or less on the weekends (typically less unless it is raining). But if you are wanting to build a readership, blogging with regularity is very important.
Face it, would you go to your local coffee […]

25May2008 | Tom Royce | 1 comment | Continued
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Inventory and Sales Almost Equal, Is This The Bottom?

Look at this chart from Calculated Risk carefully. If you need to see a bigger version, click on it or here.
This is the scary part. It looks like we may hit a point where the inventory of homes for sale in the country will exceed the sales for the year.
I wonder if that […]

24May2008 | Tom Royce | 2 comments | Continued
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The 230 Million Dollar Mansion - Most Expensive Home Sale Ever

Steel tycoon Lakshmi Mittal has bought Noam Gottesman’s Kensington Palace Gardens home for a cool 117 million pounds. The previous record was just up the road on London’s Billionaires Row.

It is interesting to see London taking the place where all of the top end real estate is selling. Outside of Trump’s sale of his […]

23May2008 | Tom Royce | 0 comments | Continued
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Libel Lawsuits and Real Estate Bloggers

Before I started Real Estate Blogging I had a political weblog. The battles there were epic compared to those on the real estate side as Conservatives and Liberals fought for the hearts and minds of the nations public. There were bitter accusations and equally nasty responses.
But real estate bloggers have a different worry. We […]

23May2008 | Tom Royce | 7 comments | Continued
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New Jersey Realtors Mad At NAR Over Inflated Numbers

The public who follows real estate reporting, i.e. my readers, have long been amused and baffled at the overly optimistic numbers that the National Association Of Realtors has put out. Well, a new group of folks are getting annoyed at what is perceived as grandstanding by the NAR.
Actual dues paying New Jersey Realtors.
The […]

23May2008 | Tom Royce | 1 comment | Continued
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San Diego Foreclosure Rescue Scam Busted After 400 Ripped Off

Desperate people tend to make desperate mistakes. This will bring out the worst in some people as has happened with a foreclosure rescue scam in San Diego.
5 people were arrested including the ringleaders William Hutchings and Xiaoke Li in a foreclosure scam that affected 400 mainly Hispanic families. What happened is that they offered […]

23May2008 | Tom Royce | 1 comment | Continued
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Did Congresswoman Richardson Lose Her House To Foreclosure?

In an example of the lack of character that has permeated the Congress of the United States, California Congresswoman Laura Richardson, Democrat from California, has reportedly lost here home in Sacramento to foreclosure.
She put out a statement to the LA Times that she was renegotiating with the lender, but another report says that the […]

22May2008 | Tom Royce | 4 comments | Continued
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