Archive for October, 2008

Wheres My Bailout? Halloween Edition

Funny, scary funny, video on everyone expecting a bailout.

Won’t Have To Worry About Paying My Mortgage. Think people, think…

31Oct2008 | Tom Royce | 1 comment | Continued

Government Intervention Just Postpones Pain For Foreclosures

Government intervention in the foreclosure market by giving grace periods seems like a noble effort. Letting homeowners have time to regroup and get control of the situation should be a good thing.
But in reality, and yes we live in a world of reality not wishful thinking, it is a worse treatment for the overall market. [...]

31Oct2008 | Tom Royce | 3 comments | Continued

Lumber Industry Sales Drop Off On Housing Slowdown

One of the parts of the real estate slowdown is the damage being done to other industries. The lumber industry is being especially hit hard as two by fours are not needed as much when residential construction slows.
The downturn has caused the lumber industry to star shutting down production facilities and laying off workers. [...]

31Oct2008 | Tom Royce | 0 comments | Continued

YouTube Real Estate Videos – 10/30/08

Client Testimonial – Great idea but a little enthusiasm would be nice:

Dan Clemente discussing where the real estate crisis is, good stuff:

Disco King Rory Talks Economics, scary stuff…

30Oct2008 | Tom Royce | 4 comments | Continued

Home Lending Reverts Back To 1980s Standards As Real Estate Industry Suffers Hangover

Let’s face it, the past 10 years has been an aberration and real estate professionals are recovering from the hangover right now. For the longest time, 20 percent down and 15 or 30 year mortgages were the marketplace. Certain people qualified for government programs but that was the exception, not the rule.
Families saved for years for [...]

30Oct2008 | Tom Royce | 2 comments | Continued

Why Is Renegotiating Your Mortgage With Your Bank Is So Hard?

If you are like nearly 3 million other homeowners in the country you have gotten a foreclosure notice from your home lender this year. It costs the banks nearly $60,000 to process a foreclosure that goes to repossession so the lender typically takes a beating in the process. So why do they make it so [...]

30Oct2008 | Tom Royce | 5 comments | Continued

YouTube Real Estate Video’s – 10-29-08

Today’s videos from YouTube:
Capital Flows by Philip Blumberg: (0 views)

Boston Real Estate – Interesting if this works to drive traffic, a 1 minute feature on the city (2 views)

Suze Orman – 25 Oct 08 – When Is The Real Estate Bottom

29Oct2008 | Tom Royce | 2 comments | Continued

Real Estate Agents Threaten Scientist Over Climate Change

Or so he says…
An Australian scientist, Professor Andrew Pitman, is telling the media that real estate agents are threatening him over his climate change research. He claims that the agents who are selling coastal property disagree with his conclusions and are threatening him for publicising them.
The research concerns coastal erosion and the potential loss [...]

29Oct2008 | Tom Royce | 1 comment | Continued

International Vultures Flock To Florida Real Estate

After all of the turmoil that real estate in Florida has gone through, you would expect there to be a few carcasses lying around. That is the rationale of a new breed of international investor coming into the state. They group together to form Vulture Funds.
With this horrid name some good comes out of [...]

29Oct2008 | Tom Royce | 3 comments | Continued

Real Estate Video’s On YouTube – 10/28/08

Wow, I was curious on what videos would come up on YouTube that referenced real estate in the past 24 hours. The results were interesting. Here is a sample for your viewing pleasure.
I segregated them into 3 groups, ones that had more than 10 views which was about 6, then ones that had between 1–9 [...]

28Oct2008 | Tom Royce | 2 comments | Continued