Bubble

Now This is a Housing Bubble - Shanghai China

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!In parts of the United States we are experiencing a minor real estate bubble with what looks like a modest correction. To see what a real housing bubble looks like, lets visit Shanghai, China. They have seen property values [...]

5Mar2006 | Tom Royce | 0 comments | Continued

Arizona Market Slows - But Sellers are Not Giving Up

I found this interesting article in the East Valley Tribune today about the Mesa, Arizona real estate market. The reporter grasps a concept that I think is well said. Instead of the gold rush that was going on the last few years, the market now has reverted back to a normal real estate market. But [...]

5Mar2006 | Tom Royce | 0 comments | Continued

Housing May Be In a Pause, Not a Major Deflation

Could it be that all the talk about real estate bubbles in the blogosphere and mainstream media could be a major cause of the slow down in the real estate market? The New York Times has an article today discussing this phenomena and does a very good job with it.
I have always felt that the [...]

4Mar2006 | Tom Royce | 1 comment | Continued

Palm Beach County Too Expensive for Most White Collar Workers

When people are relocating, South Florida is a prime destination. Year round warm weather and beautiful beaches are some of the things that will have people begging to get a job. Unfortunately, the run up in housing prices has made folks looking to relocate turn away from the Palm Beach area. And employers are not [...]

13Feb2006 | Tom Royce | 0 comments | Continued

Inventory of Available Homes Rise Dramatically Throughout Nation

It looks like the inventory levels have risen dramatically from this time last year, even though they have shrunk since November.

Nationwide, there were 2.8 million existing houses and condominiums on the market at year end, according to the National Association of Realtors. That is down slightly from November’s 2.9 million listings, but up 26 [...]

9Feb2006 | Tom Royce | 0 comments | Continued

Northern Texas Sees Pre-owned Sales Drop - Median Prices Rise

The North Texas real estate market, which includes Dallas Fort Worth, saw overall sales drop for pre-owned homes. This sounds like bad news, but it really is not. Most of the damage was done at the low end of the market where there is saturation as most of those looking for home ownership have achieved it. [...]

9Feb2006 | Tom Royce | 0 comments | Continued

Real Estate Bubble - Toll Brothers Lowers Forcast For Second Time this Year

Toll Brothers, a leading builder of luxury homes throughout the United States, has lowered forcasts for second time for 2006. This does not bode well for the building industry, especially builders that focus on the top end.

Toll Brothers, based in Horsham, Pa., now says it will deliver only between 9,200 and 9,900 new homes [...]

7Feb2006 | Tom Royce | 0 comments | Continued

Rochester Sees Slow Down, but no Fear

Rochester, New York, is a typical real estate community in the United States. As opposed to the overheated markets of Boston, New York, Long Island, Florida, and the California coast, Rochester has seen a busy market over the past 5 years but not an unrealistic market.
For many in middle America, the talk of housing [...]

23Jan2006 | Tom Royce | 0 comments | Continued

Learning About New Blogs - SoCal Bubble

The SoCal Bubble Blogger, John Doe, reminded me that I have not paid enough attention to his site. He does an outstanding job of explaining the issues facing real estate in southern California, which is an animal of its own. They tend to race between being exuberantly positive and angst filled despair. An example of [...]

19Jan2006 | Tom Royce | 1 comment | Continued

Scary Statistic - Almost Half of First Time Homebuyers Do No Money Down

This could be a ominous sign for the real estate and banking industries. How can we allow people to buy homes with no money down. This will lead to many walking away from the homes the minute they get upside down in them.

As housing prices soared last year, an eye-popping 43 percent of first-time [...]

19Jan2006 | Tom Royce | 1 comment | Continued