Archive for October, 2008

Case Shiller August 2008 Numbers – Financial Crisis Takes Toll

The Case Shiller numbers have come out for August and the residential housing market numbers are looking grim. The bright spots, Cleveland and Boston, were the only 2 positive cities month over month in the 20 city report, everyone else was down. San Francisco saw the biggest decline dropping 5.46 % last month.
The combination of [...]

28Oct2008 | Tom Royce | 1 comment | Continued

Agents Nightmare, Suing For Commissions as AllPro Realty Shutting Down

There is a nightmare scenario for the agents at AllPro Realty Group in Utah. The real estate brokerage, one of the largest in the state, has announced it is shutting down it’s remaining offices. That is bad enough news in itself.
But reports are coming out that agents are having to fight and sue the AllPro [...]

28Oct2008 | Tom Royce | 1 comment | Continued

Great News On The New Home Sales Front

And it is not that new home sales are up 2.7 percent in September. It is that the inventory of new homes is declining. The less homes on the market the better for both home sellers and home builders. Inventory is our demon, not price.

The number of new homes for sale shrank to 394,000 [...]

27Oct2008 | Tom Royce | 1 comment | Continued

Private Wind Turbines Can Save Homeowners Money

Are you looking to cut down your electric bills and live in a windy area? Well, a new home based wind turbine could be the answer for you.
According to company spokepeople, Cascade Engineerings Swift Home Turbine can be purchased and installed for around ten thousand dollars. Between energy savings and government tax incentives the [...]

27Oct2008 | Tom Royce | 1 comment | Continued

Using Your Religon To Sell Real Estate. Is It Kosher?

Selling real estate is all about marketing yourself and your properties. And religion and real estate go back a long way. If you do not believe me let the word get out in your church that you are selling your home and see home many real estate agents come to talk to you at coffee [...]

27Oct2008 | Tom Royce | 4 comments | Continued

FEMA Housing Coming Slowly For Texas Hurricane Victims

Remember all the consternation over the lack of FEMA housing provided after Hurricane Katrina in New Orleans and Louisiana? As billions of dollars poured into the communities surrounding New Orleans the cry was too late and never enough.
Now in the aftermath of Hurricane Ike, the response has been much less both by the press and [...]

27Oct2008 | Tom Royce | 0 comments | Continued

Think USA Had a Real Estate Bubble, Check Out India

We are worried about the state of real estate and banking stocks traded on our exchanges, but our concerns are nothing compared to what happened Friday in India.
In one day the BSE Realty stock index fell 24%. One of the main stocks, Unitech dropped over 50%. The concerns in India are not that there [...]

26Oct2008 | Tom Royce | 4 comments | Continued

Why Should You Have a Real Estate Blog

Seth Godin and Tom Peters explain it in one and a half minutes better than many do in a 10 page post.
Click on the image to go to the American Express Open Forum to watch:

25Oct2008 | Tom Royce | 4 comments | Continued

How About a 10 Million Dollar Price Reduction

The Pink Palace, one of the toniest homes in Atlanta, has taken a 50 percent cut in price this week. From 20 million to 10 million dollars this home has cut down in an attempt to sell it.
Now many questioned the original pricing as extravagant, but the price reduction has tongues wagging in this [...]

25Oct2008 | Tom Royce | 1 comment | Continued

Hope Now Scams Popping Up Taking Advantage of Scared Homeowners

Man, this is sad. It is rare when a government program actually works right out of the box like the foreclosure prevention Hope Now Program has.
But where there is success you will find the parasitic scum following quickly looking to take advantage of a good thing. Scam artists have gone as far to copy [...]

24Oct2008 | Tom Royce | 2 comments | Continued