Archive for April, 2009
Death to man who sold land to Jews in Palestine
To all the United States real estate agents, when things are bad, you still do not have it bad. Look at the horror that is going on in Palestine.
Anwar Brigith, 59, has been sentenced to death for selling a home to an enemy of the state. The man is to be hanged because he sold [...]
Relocating: Atlanta Named Top Destination By UHaul in 2008
U-Haul has released their annual survey of top destinations for one way truck deliveries in 2008 and Atlanta is at the top of the list. Following closely is Houston and then the two beleaguered cities of Los Angeles and Las Vegas.
It is interesting to note that all of these cities has had severe drops in [...]
Unique Real Estate – A 3 Bedroom 2.5 Bath Missile Silo
If you always wanted to live a little differently, we have the home for you. A converted Atlas F Missile Silo is available in the Adironback Mountains in upstate New York for the cool price of 2.3 million dollars. The home features access to an airstrip, 20 acres, and above and below ground living.
Pretty [...]
Case Shiller Report For February 2009 Bleeds Red, Phoenix Down 50%
When you look back at this period of real estate history in the United States you will have to wonder how we kept our sanity. The picture of the stockbroker jumping out of the window is the image from the Great Depression. What will be the image of the Real Estate agent who went through [...]
29Apr2009 | Tom Royce | 4 comments | Continued
Mortgages May Be Safe From Bankruptcy Judges
This is good news for the mortgage industry. The housing bill winding it’s way through Congress is most likely not going to include a cramdown provision allowing bankruptcy judges to change mortgage terms.
This will give mortgage writers the confidence that the terms of the mortgage can be upheld and that rates will not rise to [...]
Wall Street Feeling Positive About Home Builders
With all of the doom and gloom in the real estate news these days, this is some great news. Wall Street is getting bullish on home builder stocks. Beazer Homes shares soared 37% yesterday, and Lennar Corp. was upgraded to stable.
According to the National Association of Home Builders, the inventory of new homes has shrunk [...]
Sheldon Good Files For Chapter 11 Bankruptcy
In the aftermath of the suicide of Steven Good and the disclosure that he had embezzled a significant portion of the debtors operating accounts, the company has filed for Chapter 11 bankruptcy.
Sheldon Good, one of the largest auction houses in the country, has been beset by problems with the economy and the auction market. [...]
Monthly Commercial Real Estate Deliquency Rate Rising Rapidly
According to a report issued by Deutsche Bank the Wall Street Journal has published, the delinquency rate for commercial real estate has been rising dramatically over the past few months. Fro a relatively neutral position up until August, 2008, the rate has bee rising rapidly.
Monthly Commercial Real Estate Deliquency Rate Change
Aug-08
0.90%
Sep-08
9.10%
Oct-08
11.50%
Nov-08
23.00%
Dec-08
21.60%
Jan-09 [...]
27Apr2009 | Tom Royce | 3 comments | Continued
Senior Housing A Strong Point In Market
As the housing market continues to move slowly, there is a bright spot out there, senior assisted housing. My mother in law is now going into a community and demand is still strong as seniors citizens are needing that extra care and comfort that senior housing provides.
And since a large percentage of the homes owned [...]
Why Are Home Sales Slow? People Have Stopped Moving
With the economic slowdown, people are staying closer to home. People are moving less than at anytime since 1962. Even immigration has slowed down.
The combination of job loss, lack of equity in their present property values, and just plain fear is stopping the market dead in their tracks.
More from the Wall Street Journal:
“We are normally [...]
23Apr2009 | Tom Royce | 9 comments | Continued
The pit we've gotten ourselves into just seems to be getting deeper and deeper. Is the government going to end ...
Although I agree on most points, I would like to point out that most of the banks that are being ...
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There is one of the scams 
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 ...
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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 ...
