2009 Real Estate Forecast

London Sees The Popping Of Housing Bubble?

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!London has had a heck of a ride when it comes to real estate. The additional governmental intervention in New York has made London the center of finance for the world.
As such, real estate prices have tripled over [...]

17Oct2008 | Tom Royce | 2 comments | Continued

Australian’s See Bargains In United States Real Estate

With all of the turmoil in our own real estate markets, we naturally feel that the rest of the world is as impaired as we are. But that is not the case, as this article in The Australian points out.
It could be that international buyers have been sitting on the sidelines waiting to pounce when the [...]

15Oct2008 | Tom Royce | 3 comments | Continued

GE’s Real Estate Holdings Hurting Profits

Even General Electric has been caught in the real estate downturn. The company is a large player in the commercial real estate game buying and selling large properties every year. The internal nickname for the real estate division in GE is “The Honey Pot”.
It is called The Honey Pot because it provides the company the ability to hit [...]

15Oct2008 | Tom Royce | 1 comment | Continued

What Downturn - Merrill Raises $2.65 billion For Asian Real Estate Fund

With all of the navel gazing at what went wrong and how we can not borrow, there is still money out there. Really.
Merrill Lynch, now part of Bank of America, has raised 2.65 billion dollars for an Asian real estate fund. As we have said, if you have cash this is a great time [...]

14Oct2008 | Tom Royce | 1 comment | Continued

Greenspan Says Recovery Coming in Early 2009 For Real Estate

Take this with a grain of salt.
Alan Greenspan is still trying to spin his magic as the economic orator and has come out saying that the real estate market will start it’s recovery in early 2009.
I hope he is right for all of our sakes but I do have to admit that Greenspan’s reputation [...]

13Oct2008 | Tom Royce | 5 comments | Continued

Positive Real Estate Trends in a Negative North America

North America is currently in a massive real estate crunch, with sales plummeting to one of the lowest points the industry has seen in decades. There exist, however, a few choice spots sprinkled across the continent where real estate prices are actually on the rise, and where home values are continuing to increase. Factors such [...]

12Oct2008 | Tom Royce | 3 comments | Continued

Leasing High End Homes Until Market Settles Down

The one thing we face these days is stagnation in the housing market. If you can not sell your home, odds are you can not buy your next home. That is fine for those who want to move and have options out there, but when people are relocating for business it can be pretty hairy.

The [...]

8Oct2008 | Tom Royce | 0 comments | Continued

Two Types Of Homes That Are Selling Right Now

If you are planning on selling your home in the near future, this quote is dead on and will give you something to think about.

Two types of homes are selling right now—houses that are great values and houses that are great. The key is to make your home both, edging out whatever competitors might [...]

3Oct2008 | Tom Royce | 2 comments | Continued

Sam Zell Blames Market Down To Market Rules For Wall Street Issues

In our earlier post on Market Down to Market we saw how Dave Ramsey sees the problem with accounting rules forcing investment firms hands and how it created this crisis. I respect his opinion greatly.
So it solidified my thinking when another great mind in real estate development and management, Sam Zell, told the same thing [...]

24Sep2008 | Tom Royce | 0 comments | Continued

New Report Warns Of Option ARMs Defaults Lasting Through 2011

First there was subprime failures, then Alt-A trouble. Now we are entering the cycle of Option ARMs coming down. Looking back subprime loans were the problem initiated by the government to help the low income borrowers and abused by lenders. Then ALT-A was the vehicle for the self employed who had always been shut out [...]

23Sep2008 | Tom Royce | 1 comment | Continued