Archive for May, 2008
Case Shiller Analysis – When Was The Last Time Your City Was This Low
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. So I dug into the report and started looking at historical data. I wanted to see [...]
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. [...]
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 [...]
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 [...]
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 [...]
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
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 [...]
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 [...]
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 [...]
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 [...]
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
