Archive for February, 2009
Obama Foreclosure Plan – Pie in the Sky or Practical Solution
So what do you think, does Obama have his finger on the pulse of the the financial markets and homeowners or is he just throwing the Obama Foreclosure Plan on the wall?
Here is some commentary across the country, but you are welcome to leave a comment on how you think the program will work.
Street [...]
18Feb2009 | Tom Royce | 4 comments | Continued
What is In The Homeowner Affordability and Stability Plan
If you are interested in what The Homeowner Affordability and Stability Plan has in store for you, we have it hot off the presses. President Obama is making a speech in Mesa, Arizona today to outline his plans for rescuing the real estate market.
A couple of asides that I have noticed.
First, the spigots on [...]
Home Construction Drops 16.6 Percent In January, 2009
Ouch, the new home construction numbers are tough for the month of January. The Commerce department had pitiful numbers for housing starts, down 16.6 percent, and lackluster building permit numbers, down 4.8 percent.
The housing industry is facing a tough road. With Washington playing it’s plan of the month approach and home buyers sitting on [...]
What Is The New Obama Plan For Housing?
President Obama will announce of Wednesday his plan for helping, he may even have the nerve to call it fixing, the housing market. While no one is sure what form it will take when he announces the plan in Mesa, Arizona, many in the media are speculating on it.
Here is MSNBC’s take:
The administration is [...]
17Feb2009 | Tom Royce | 4 comments | Continued
Federal Reserve Chairman Ben Bernanke’s Childhood Home – Foreclosed!
Talk about a sign of the times.
Ben Bernanke’s childhood home was sold at a foreclosure sale this weekend. That is correct, the Fed Chairman had to watch where he grew up sold off like millions of other properties at the courthouse steps.
“This is where it all happened,” marvels Mr. Jackson, a 27-year-old loan [...]
15Feb2009 | Tom Royce | 4 comments | Continued
Actual Refundable First Time Home Buyer Tax Credit In Stimulus Package
For those who are interested, here is the wording of the Refundable First-time Home Buyer Credit as announced by Congress in a statement issued this morning.
Essentially it bumps up the level for first time home buyers to $8,000 and waives the repayment requirement.
You know how this set the real estate market on fire the first time [...]
$15,000 Housing Tax Credit May See New Life As Separate Bill
The $15,000 tax credit for home buyers has struck a cord across the country. It was dropped in the stimulus bill that is winding it’s way through Congress, but in the long term it may not be dead.
Georgia Senator Johnny Isakson, a former real estate broker himself, is the sponsor of the bill and is [...]
Is Suburbia and Exurbia Threatened By President Obama?
It looks like the suburban lifestyle, and definitely the exurban families, are not in favor of the new President, Barack Obama. He has announced that he is against building sprawl, as he call suburbia, and will work to focus his efforts on the urban landscape.
I am sure that real estate agents across the country [...]
Why Letting Judges Modify Mortgages Is Bad For All
Todd Zywicki has a great editorial in the Wall Street Journal this morning on why it is a terrible idea to let bankruptcy judges modify mortgages. I have excerpted on small part of it, but if you are in the real estate or mortgage business, this is a must read.
New legislation being forwarded by [...]
Top 10 States For Foreclosures in January 2009
First the good news, foreclosures dropped nationwide 10 percent in the month of January, 2009. The combination of lenders and government intervention has stemmed the tide for the moment. This is good news for all in the housing industry.
As usual, California, Florida, and Arizona posted the top foreclosure rates in the country in volume, [...]
Although I agree on most points, I would like to point out that most of the banks that are being ...
The question is when are they going to release them on the market. Las Vegas leads the nation in ...
I keep seeing mentions of Florida's market getting better in multiple blogs. I'm increasingly under the assumption that at least ...
I would like to know more about it. I need to know how you file for it. Please let me ...
Great blog, keep the great content coming! 
If you want to succeed, do not say "we can prevent this in the future." Live in reality. ...
The price of the property depends on its quality and the deal between the management. Good and wise choices are ...
I don't have experience at actualy working in tha automotive bussinnes, but have experience working in a warehouse invironment. ...
