Archive for August, 2009
1 Bedroom, 400 Bathroom Listing – AS IS
They even have super energetic voice over lady reading the copy.
Hat tip Andy Sernovitz
31Aug2009 | Tom Royce | 2 comments | Continued
High Price For The Skinniest house in New York City
Do you have a pile of cash and want to buy a piece of New York City history? Well the skinniest home in New York City is available, for an asking price of 2.75 million dollars. The home has been owned by both celebrities and authors and is one of the unique place in Manhattan [...]
31Aug2009 | Tom Royce | 7 comments | Continued
Case Shiller June 2009 Report is Full of Good News!!!
For those looking to take good news to ones clients, or those who have been on the fence deciding whether to purchase a new home, the typically morose Case Shiller report has some great news for you.
Outside of Detroit and Las Vegas, every one of the other 20 metro regions the study follows was [...]
Chinese To Buy 2 Billion in Mortgage Backed Securities
In another sign that the world markets are not completely spooked by the real estate market in the United States, the China Investment Corp. is planning on buying 2 billion dollars worth of mortgage backed securities. This indicates to me that US real estate even in a weak place is still one of the better [...]
24Aug2009 | Tom Royce | 3 comments | Continued
As Prices Drop, Investors Rush Into Downtown Miami Condo Market
After a long rough ride, the Miami Condo market is finally getting back to business. The combination of overbuilding and top of the market prices stalled the market. Now investors are coming back as prices are being dropped to the $200 per square foot level and people feel like they are getting a deal.
Did you [...]
New Appraisal Rules For Real Estate Creating Worse Issues For Industry
Appraisals have been a sore spot in the real estate market in the past decade. When things were booming, pressure was placed on appraisers to make the value hit the loan amount. This caused prices and values of properties to skyrocket.
Then when the downturn hit, appraisers realized their culpability in the boom and tightened their [...]
Lowe’s and Home Depot Struggle in Tough Real Estate Market
The real estate community knows all to well that families are not buying homes like they used to. Now they arte not investing in their homes as much either.
Home Depot and Lowes both showed weak second quarter earnings results as consumers have scaled way back on their home repairs.
Lowes took the biggest hit:
The [...]
18Aug2009 | Tom Royce | 1 comment | Continued
The Real Estate Battle of the Sexes
Is really not that much of a battle according to a new survey by Coldwell Banker.
The survey of 1,000 men and women was designed to highlight the differences in how they approached buying a house.
One of the main concerns that popped up is that both men and women are looking for a home [...]
Commercial Real Estate Lending Picking Back Up
Reports of commercial real estate lending are coming in, a welcome sign for an industry that has been hit hard by the credit crunch. It looks like there is more money available on the West Coast, but anyone who owns commercial property and is unable to roll over their loans must be thinking there is [...]
16Aug2009 | Tom Royce | 4 comments | Continued
Toll Brothers Sees Buyers Coming Back, Albeit Slowly
Toll Brothers, a national builder who focuses on mid-level to high end homes, is seeing buyers coming back. The low to mid section of the marketplace has shown strength in the spring and summer recovery, but this is the first real indicator that the upper level of the market is showing anything positive.
Let’s hope [...]
Obtaining a viable news source would also be a welcome addition. Lets not pretend that rival political parties are not ...
CL is a crazy mess sometimes. I'll get response emails on a daily basis that are nothing but scammers. Get's ...
We get about 1 call every month related to a real estate scam on Craigslist. I try to visit my ...
If anyone thought this was going to go away in a few years they were just fooling themselves. It took ...
Not sure this program passes the common sense test. Isn't it true that the governments management of the housing industry ...
Well, it's March 2010 and I have not seen much of a change in the economy in Indianapolis, Indiana. Maybe ...
Coastal cities are fragile in the face of a catastrophe like this. The buildings would be destroyed in minutes. 
As a potential first-time home buyer, I have zero confidence that I would be making a smart investment in purchasing ...
I also found on craigslist a home in Avon, Hartford County, Connecticut, with pictures. Then when I received the following ...
