Archive for September, 2008

Apply Now For The Realtor Magazine 30 under 30

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Are you a Realtor, successful, and under 30? Realtor Magazine is taking applications for the 2009 30 under 30 list in their June edition.
After the carnage over the past 2 years I am willing to bet that if [...]

22Sep2008 | Tom Royce | 1 comment | Continued

Why WaMu Is Destined For Trouble? They Can’t Help Themselves

Why is WaMu in so much trouble? My headline says that they can not help themselves. They really can’t.
With the whole world tightening credit and making underwriting standards onerous, WaMu is still making bad and stupid loans to crooks. When I read this story out of the Seattle Times I realized that corruption and fraud [...]

22Sep2008 | Tom Royce | 4 comments | Continued

Is New Yorks Plaza Hotel Selling False Promises?

New York’s Plaza Hotel is having some trouble with it’s sales department. It seems two of the purchasers have filed suit against the company and it’s associates for deceptive trade practices, fraud, and negligent misrepresentation.
According to reports in the New York Post the residential units that were described to buyers and the actual product [...]

21Sep2008 | Tom Royce | 0 comments | Continued

Fannie Mae Tosses 4 Executives Out, Restructuring in Progress

The restructuring of Fannie Mae has begun, about 10 years too late, but it has begun. Both Fannie and Freddie have been the place where loyal political flacks have gone to get rich. Jim Johnson, Jamie Gorelick, and Franklin Raines all made 10’s of millions running the lending institutions into the ground.
And everyone knew. [...]

20Sep2008 | Tom Royce | 0 comments | Continued

The Wifi Bathtub or How To Never Go Offline

Want to get away?
If you work online like I do it is never easy, but this new bathtub by Kohler makes it harder. Some nights after a long day over the keyboard and coaching a little hockey I will retire to the bathtub to get away. But if you have $10,000 you can stay [...]

20Sep2008 | Tom Royce | 4 comments | Continued

California Sales Up, Prices Down, 47% of Sales Foreclosures

It looks like the great flush out of the California real estate market is underway. Banks recognizing that they are not landlords have decided to drop the prices on their foreclosures and they are being snapped up by eager buyers.
All of this information is both horrible and great at the same time. It is allowing [...]

19Sep2008 | Tom Royce | 0 comments | Continued

10 Lowest States For Foreclosures in United States – August, 2008

Foreclosure problem, what foreclosure problem?
If you live in any one of these 10 states you would be amazed at all the discussion on why Wall Street is falling out of bed over the bad loans written across the country.
Heck the whole state of West Virginia only has 43 foreclosures. Vermont 18 foreclosures. I would bet [...]

18Sep2008 | Tom Royce | 2 comments | Continued

Is New York City Real Estate In Free Fall?

Scary headline for sure, but I am taking my cues from ABC News’s Brian Ross.
Top Broker: NYC Real Estate Already in Steep Decline
“Investment Banker” Now a Dirty Word at Park Avenue Co-Op Apartments
This will be interesting to see the media elite who are concentrated in New York and have been pretty well insulated from [...]

18Sep2008 | Tom Royce | 0 comments | Continued

Happy Birthday! – The Real Estate Bloggers Is 3 Years Old

3 years,
Nearly 3000 posts,
1.2 million visitors, and
Tuesday we had our first day over 1,000 subscribers on our RSS feed.

Those are the stats, but my story of The Real Estate Bloggers is the joy of writing something that has hit a chord, or helped a family out. The real estate world has changed greatly from it’s heady [...]

18Sep2008 | Tom Royce | 5 comments | Continued

Multifamily Housing Market Is Strongest In United States Right Now

If you are looking for a bright spot in the real estate investment world right now, look to multifamily apartments as your best bet. The combination of weak sales and tough financing is creating a backlog in the rental markets forcing many who would be considering purchasing new homes onto the sidelines.
The issue has [...]

18Sep2008 | Tom Royce | 0 comments | Continued