Archive for September, 2008

Case Shiller Report For July, 2008 Not All Bad

With all of the economic turmoil, negative press, and genuine feeling of pessimism across the country about the real estate market, there are some bright spots as bottoms are being found. Minneapolis turned the corner as has Denver, Dallas, Detroit (OMG), Boston, and Atlanta.
Of course the bubble cities of Las Vegas, Phoenix, LA, San [...]

30Sep2008 | Tom Royce | 0 comments | Continued

Long Island Retail Real Estate Networking Group Finds Success

Slow market getting you down? Here is a great idea for those who are a little web savvy on how to jumpstart your networking in a slow market.
Create a networking group for those up and down the real estate food chain in your community that meets online and offline. The cost is low and [...]

30Sep2008 | Tom Royce | 0 comments | Continued

The Sky Is Not Falling When Bad Bills Do Not Pass

Today’s actions by the House of Representatives spooked the market, no doubt about it. But the actions they proposed would have put the US Taxpayers behind the 8 Ball and allowed the stupidity of the Wall Street banks to go unpunished.
Sure the market dropping is not fun. 777 is a number for Vegas not [...]

29Sep2008 | Tom Royce | 4 comments | Continued

European Governments Attempt Rescue Of Fortis, Hypo Real Estate and B&B

Our politicians have made this economic crisis seem like a national problem, but reports coming in from overseas are showing that it is an international problem. The financial markets tried to create a new tool to manage investments in debt that was bad.
And that tool failed, it happens and now we are paying for [...]

29Sep2008 | Tom Royce | 0 comments | Continued

Real Estate Agents Avoiding High Cost Of Gas Selling On Bikes

When you are a real estate agent in a slow market you need to focus on your strengths. Some enterprising real estate agents in Portland, Oregon have gone one step further. They have recognized that the green lifestyle is popular and have incorporated it in their sales techniques.
They sell real estate by bicycle.
Yep, instead of [...]

29Sep2008 | Tom Royce | 5 comments | Continued

Will Fire Sprinklers Be Mandatory in New Homes in 2011?

At a recent meeting of the International Code Council a motion was approved to make fire sprinklers mandatory for homes in 2011, a scant 2 years away. The mandate will add the added expense to new home construction for 1 and 2 family homes to gain an additional layer of safety in the event of [...]

28Sep2008 | Tom Royce | 10 comments | Continued

The Darkness in Saint Louis – Number 3 of Top 10 Haunted Houses in America

The Darkness is considered on of the best Haunted Houses in the United States. If you are in the St. Louis, Missouri region and like to be scared, this is the place for you. The combination of technological special effects and amazing design will scare the most jaded of Halloween connoisseurs.
With 2 stories of newly [...]

27Sep2008 | Tom Royce | 9 comments | Continued

Great Video on How Subprime Crisis Happened

Watch, pause when it is too fast, and then watch again.
A montage on the economic crisis that is worth the price of admission.

http://www.youtube.com/watch?v=H5tZc8oH–o

26Sep2008 | Tom Royce | 5 comments | Continued

Another Voice For Mark to Market Reform

I have been engrossed watching the political machinations going on as one of the largest spending projects get’s the bum rush through Washington in the form of a financial bailout for Wall Street.
Fortunes will be made on the back of the honest taxpayers in the country.
But there are some smart people recommending the [...]

26Sep2008 | Tom Royce | 0 comments | Continued

WaMu Seized By FDIC – JP Morgan Takes Over

Washington Mutual has ended it’s run with the seizure by the Federal Deposit Insurance Corporation. JPMorgan Chase is buying the assets for 1.9 billion dollars.
WaMu has been in it’s death throws for the past month with people speculating when it would bite the dust. Well, today was the day.
What is starting to show [...]

25Sep2008 | Tom Royce | 1 comment | Continued