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 | 12 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 [...]
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
