Archive for Tom Royce
Mortgage Relief Is A Credit Killer – And People Are Surprised?
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!So you can not pay your mortgage and you sign up for the government mortgage relief plan. You get accepted and then come to find out that your credit scores take a huge hit.
And you are surprised.
Welcome to [...]
Multigenerational Households Hit 50 Year High
The American Dream was to grow up, buy your own home in the suburbs with the white picket fence, and live happily ever after. But the dream and the modern reality are heading further and further apart. 16 percent of the population is now living in multigenerational households and that number is rising quickly.
Foreclosures, [...]
Zell Predicts Real Estate Recovery Starts End of 2010
Last week Warren Buffet will rebound in 2011, today Sam Zell (another billionaire) said essentially the same thing. Zell speaking with Bloomberg says the recovery will start at year end and gain strength in the middle of next.
The concern I have is not the financial markets now, it is the relationship between the markets and [...]
Weather and Economy Hurt New Home Construction in February
February was not a good month for new home sales. The weak economy and brutal weather contributed to the moribund numbers on new housing starts. The numbers are expected to drop from last years terrible February and this years weak January.
Expectation that housing development will improve in March are far fetched looking at how [...]
Mortgage Rates Rising Could Hurt Real Estate Sales
If you are looking to purchase a home in the near future, watch the mortgage rates. Due to the Federal Reserve buying up mortgage paper and a severe recession we have enjoyed historically low mortgage rates recently.
That all might change.
And with this change the cost of housing may rise.
If rates do go [...]
16Mar2010 | Tom Royce | 0 comments | Continued
Rental Scams on Craigslist – Landlords Beware
If you thought the scams being run on Craigslist were just on ripping off prospective tenants as we talked about before here, you are missing the other side of the coin. Landlords are in just as much danger.
The new scam involves renters sending fake cashiers checks and money orders. The landlord is thrilled to [...]
Spring Real Estate Talking Points – An Article Full of Positives
You and I both know that this site has taken a tough look at the real estate market. I think it has been objective, but I am sure that others will disagree.
My perspective has always been from the consumers point of view, not the industries. As such, I am concerned how the real estate industry [...]
The Foreclosure Tsunami That No One Is Talking About
If you are working in the real estate business this sentence should scare the hell out of you.
About 5 million to 7 million properties are potentially eligible for foreclosure but have not yet been repossessed and put up for sale.
It scares me. This overhang is so big the rounding error is 2 million [...]
14Mar2010 | Tom Royce | 5 comments | Continued
Top 10 Cities For Tornado Activity
I don’t know about you but I hate tornadoes. Seriously.
So it does not warm my heart to realize I live between the 2nd worst and the 9th worst cities in the country for tornado activity. Ugh…
Give me a hurricane any day of the week. You know you are going to get clobbered with a hurricane [...]
CitiGroup Selling Real Estate Division to Apollo
A sign that the big banks are focusing on core fundamentals and not esoteric investments happened today. Citigroup is selling their Citi Property Investors division to Apollo Management. The reasons for the sale are 2 fold. One, these investments are tanking. They are not performing and are a drag to the company. Better to divest [...]
10Mar2010 | Tom Royce | 1 comment | Continued
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
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 ...
