Archive for January, 2009
Wiping Out All Of Fannie Mae’s Mortgages?
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!A disgruntled worker, Rajendrasinh Makwana, almost unleashed a virus that would have destroyed all of the data on Fannie Mae’s 4,000 servers.
And knowing how messed up things are over there, they probably do not have a good backup.
The Justice [...]
30Jan2009 | Tom Royce | 0 comments | Continued
Real Estate Agents Spending Most Marketing Money On The Internet
The Real Estate Book’s owner Network Communications put out a press release on how real estate agents are using their marketing dollars. The results will not surprise anyone who reads this site.
Real estate agents are using the internet as their primary means of reaching new clients. The money is racing away from newspapers and [...]
Mortimer Zuckerman Loses 165 Million On 3 Rental Properties – And You Think You Have It Tough
Okay, they were not 3 rental properties that Mortimer Zuckerman’s Boston Properties Inc. lost the 165 million on, they were skyscrapers in Manhattan, but still…
How would you like to be the accountant that had to come in and deliver the news to the boss that they have to take a $165,000,000 charge on 3 properties [...]
More Downward Pressure For New York Real Estate As Wall Street Bonuses Down 44 Percent
Wall Street bonuses, the lifeblood of the luxury market in New York City, are down 44 percent this year.
With average housing prices in Manhattan hovering in the million dollar range 2009 could be a very tough year for agents.
The effects on New York real estate will be myriad: the top end of the [...]
29Jan2009 | Tom Royce | 1 comment | Continued
Real Estate Industry – Do Not Expect Much Help From The Stimulus Plan
Remember how the stimulus plan was initially framed so as to help the real estate industry? Well, those who have seen the whole package now know better.
The stimulus package has very little in it for the real estate industry.
“I am disappointed that the stimulus initiatives which we’re seeing so far” do not address [...]
29Jan2009 | Tom Royce | 1 comment | Continued
Are Sellers Finally Understanding What It Takes To Sell A Home in 2009
Finally.
That is the feeling I am getting from real estate agents across the country as sellers are finally recognizing that price is what is selling homes in todays market. Having a house in great condition helps, and no one ever bitched about being shown a home with granite countertops or hardwood floors, but price is what [...]
The Baby Boomer Generation Wants It All
This is not an indictment of the Baby Boomers, but it is indicative of the mentality that we have lived under for the past 20 to 30 years. The Baby Boomers have always lived in prosperity and now that we are in a true recession it is interesting to see how the generation is acting. [...]
28Jan2009 | Tom Royce | 16 comments | Continued
Sales Up, Prices Down For December 2008
As the housing market reacts to the recessionary pressures on the economy and the increasing surplus of foreclosures, sellers are lowering prices and houses are getting sold.
What a surprise.
Now as a homeowner myself I always want to get top dollar for my home when it sells. We all feel that way. But the [...]
Case Shiller November 2008 Report Shows Consistent Declines in Major Cities
We have entered into a new era of the housing market decline according to the just released Case Shiller 20 City Housing Report for November 2008.
In the past, some cities that speculation was rampant during bore the brunt of the declines in housing prices. Some cities such as Cleveland, Dallas, and Charlotte remained fairly stable.
Now [...]
Home Prices Increase In a Number of States in 2008
In the midst of the gloom and doom that has permeated our national news coverage, I figured that you would like some good news.
7 States actually saw price increases in 2008.
Yep, you heard me right.
There is good news out there.
Here are the states that saw an increase in single family home prices [...]
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 ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
