Archive for July, 2009
My Landlord is the United States Government?
File this under here we go again.
The Obama administration is looking into creating a plan where mortgage borrowers who have fallen behind on their payments may now have the United States government make the payments for them, and then pay the government rent in the process.
Under one idea being discussed, delinquent homeowners would [...]
15Jul2009 | Tom Royce | 5 comments | Continued
Top 10 Small Towns in the United States
The top ten list for best small towns to live in is out from Money Magazine. Actually they have the top one hundred listed but as you know I like to focus on the top tens.
What is even cooler about the list is that the town we live in is on the list. Peachtree City, [...]
How Are Builders Dealing With Chinese Drywall Problems
If you have a new home, check out the drywall that it was built with. As we have reported before, there have been some serious problems with Chinese drywall that are making families sick.
These issues are being addressed differently by builders that installed Chinese drywall in the homes they built. The Sarasota Herald Tribune [...]
Treasury Department Calls Meeting With 25 Largest Mortgage Lenders
As the Treasury Department did with the largest banks, they are now calling in the 25 largest mortgage lenders for a sit down. And they will be made an offer they can not refuse.
The government has amazing power right now over commerce. And they are using it for good or for bad. This meeting with [...]
Apartment Vacancy at 7.5% Across United States
In the midst of one of the worst recessions to hit the United States, vacancy rates are soaring for apartments. The vacancy rate rose from 6.1% last year to 7.5% in 2009. There is more open space than anytime since 1987.
I wonder if the high level of residential real estate vacancies is also adding to [...]
Vornado Building $1 Billion Dollar Vulture Fund For Commercial Real Estate
We are entering the next stage of the commercial real estate cycle. With credit still scarce and commercial property owners being squeezed by falling prices, the vulture funds are coming together to pick at the remains.
Vornado Realty Trust, the 3rd largest real estate investment trust firm in the United States, is putting together a [...]
Top 10 Worst Traffic Cities in the United States For 2009
Spent this morning fighting through traffic trying to get my son to camp and all I heard was that the city of Atlanta moved to 3rd worst traffic city in the United States. Now I am spoiled by working at home on a regular basis, but the report still made me think of all the [...]
8Jul2009 | Tom Royce | 13 comments | Continued
Lenders Buried Under Load of Mortgage Re-Works
As borrowers desperately try to rework their mortgages they keep running into the same old barrier, the mortgage companies are so buried with reworks they can not get to everyone. Between TARP and Making Home Affordable program and other expectations many of the larger mortgage lenders just do not have the manpower and resources to [...]
8Jul2009 | Tom Royce | 2 comments | Continued
Saudi Fund Investing 1.1 Billion in United States and United Kingdom
It looks like commercial real estate has officially hit the bargain bin for international investors in the United States. From an overpriced asset last year to the discount bin.
Noted Saudi investor Prince Faisal has created a 1.1 billion dollar fund to invest in commercial properties in the United States and the United Kingdom. This [...]
Haunted House? Michael Jackson Already Haunting Neverland
If past history were to be true, Michael Jackson has always haunted his Neverland estate. But this video from Larry King Live’s show is pretty spooky. Is the ghost of Michael Jackson already haunting the property?
Check out the video to see so for yourself.
You know that those who will be managing Jackson’s estate will [...]
7Jul2009 | Tom Royce | 8 comments | Continued
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
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 ...
