Affordable Housing

Fed Chair Benanke To Freddie Mac And Fannie Mae: Cut Your Portfolios

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Federal Reserve Chairman gave his strongest advice to date to Freddie Mac and Fannie Mae yesterday to cut the size of their portfolio’s. They have such a commanding portion of the secondary mortgage market that missteps by the […]

8Mar2007 | Tom Royce | 0 comments | Continued

Housing is Personal - Real Estate is Business

This is just a quick note on semantics and the power of them. Searching the web for stories on real estate and housing I find two different tones in the stories.
If I am looking for a story using the term real estate, the stories typically are very authoritative and businesslike. They focus on the […]

1Mar2007 | Tom Royce | 2 comments | Continued

Off Campus Housing - More Reasons Why It May Be A Good Investment

Earlier this month we talked about the benefits of buying into the student housing market, and now Marketplace has an interview on the benefits of owning off campus housing as a investor and landlord.
I still think this a good local investment if you are hands on and willing to get dirty. College students in […]

27Feb2007 | Tom Royce | 6 comments | Continued

NAR Addresses Senate on Predatory Lending (Nudge, Nudge, Wink, Wink)

While the testimony that the National Association of Realtors addressed a Senate committee on banking how it opposes predatory lending, it does seem a bit disingenuous. There is a big difference now t…

8Feb2007 | Tom Royce | 1 comment | Continued

Tampa Bay Builders Open HomeAid Chapter For Homeless Construction

The Tampa Bay Builders Association has joined forces with HomeAid to build properties for the homeless. HomeAid has built residences for more than 60,000 people to live in since 1989, and provides nee…

6Feb2007 | Tom Royce | 0 comments | Continued

Top 10 Least Affordable Markets in 2006, 3rd Quarter

While living in almost any of these addresses would be wonderful, you really need to be in the top 10 percent of earners to buy a new home in any of these locales.
The National Association of Home Builders has their new affordability survey out and the results are very scary for average earners in these […]

21Nov2006 | Tom Royce | 3 comments | Continued

Top 10 Most Affordable Communities in 3rd Quarter 2006

The National Association of Home Builders has come out with their 3rd Quarter analysis for Housing Opportunity in 2006. This index determines the amount of homes sold in the quarter that are built that the average homebuyer can afford.
The Top 10 Most Affordable Homes for 2006, 3rd Quarter

Bay City, MIÂ Â 90.0 percent of homes built that […]

21Nov2006 | Tom Royce | 1 comment | Continued

Chicago Plays Politics With Developers

The past 5 years have seen housing prices soar in the city of Chicago as in many parts of the country. When that happens, governments are beseiged by housing rights activists trying to get governments to subsidize housing for the poor. These advocates look to to government to use its power to coerce developers to […]

11Oct2006 | Tom Royce | 0 comments | Continued

Peter Cooper and Stuyvesant Town Now Worth 5 Billion To Met Life?

When we first got word that Peter Cooper and Stuyvesant Town were being considered for sale by Met Life, the asking price was 3 billion and Met Life was not sure that they could get that price. Peter Cooper and Stuy Town have a high percentage of rent controlled units so getting top dollar was […]

30Aug2006 | Tom Royce | 2 comments | Continued

Fenway Park Neighborhood Set For Major Transformation

The Green Monster and Kenmore Square are the key names in the area outside of Fenway Park, traditionally a college and middle class neighborhood. It looks like the powers of gentrification and high rise buildings are moving in and going to transform the area into a showplace.

McQuillan said he and Samuels are close to assembling a […]

9Feb2006 | Tom Royce | 0 comments | Continued