Real Estate Blog, Mortgage, and Development News
Today is Friday, August 08th, 2008
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The high cost of rent or ownership is creating new challenges for those who are just entering the workforce or are in careers that provide intrinsic benefits but not a big pay check. As marketplaces often do, a new […]
17Sep2006 | Tom Royce | 1 comment | ContinuedThe condo marketplace in Southern Florida is coming to a screeching halt as the speculators have left and the developers are looking at an over supplied market. Speculators, or flippers, have been very active in the south Florida condo market driving up prices and demand at a record rate.
Many pundits attributed the velocity of […]
As parts of the country experience the end of a housing bubble and rentals in these regions are hard to find, the marketplace is doing its job by turning condos into rental units to fill the demand.
Property developers tend to be smart enough that if you see demand for purchase rising, the building will go condo. […]
While the condo market in many parts of the country have taken a severe hit, the Manhattan condo market is remaining stable while new inventory flows into the market. The market slowed at the new year as people were not sure of what was happening, but once they saw stability in New York City, buying […]
9Jul2006 | Tom Royce | 0 comments | ContinuedCurbed has an interesting post up on comparing the trends of New York City Condo Sales over the past 5 years. While the chart can be confusing, it does show a very consistent trend of pricing that varies by year and season. The 5 year cycles are interesting and shows that NYC real estate is […]
26Apr2006 | Tom Royce | 0 comments | ContinuedWhen I was a teen I had a job that made me drive by the Pilgrim State Mental Hospital, a huge property that housed the insane but was closed down. The huge property in the middle of Long Island is on prime real estate and sat empty. It looks like these old psychiatric asylums are now being […]
15Apr2006 | Tom Royce | 0 comments | ContinuedThe St. Paul, Minnesota Ford Plant sits on some of the best real estate in the region. The property overlooks the Mississippi River and those in the know are expecting that when manufacturing stops in a couple of years, the property will develop into one of the premier locations in the region. A mixed use […]
14Apr2006 | Tom Royce | 0 comments | ContinuedIn a move that on the outside seems perplexing, Elad Group of Florida is the buyer of 1,073 apartment units that will be converted to condominiums. The conventional wisdom is that the Florida condo market is saturated as buyers are on the sidelines and flippers are in a panic state as appreciation on the units has […]
7Apr2006 | Tom Royce | 2 comments | ContinuedThe Boston condo market has hit its peak this past fall, and now is accumulating a huge inventory of million dollar condos. My question is why do the builders keep creating the inventory when the market has turned.
There is now a 7.5-to-12-month supply of high-end condos priced at $2 million and above in the Boston, Brookline and […]
26Mar2006 | Tom Royce | 0 comments | ContinuedSilicon Valley has for years been the most expensive housing market in the country and has followed the trends of the technology industry as much as the housing industry. And it looks like this trend has nit changed. With a 14 percent decline in sales, the Valley showed an average selling price of 722,000 dollars […]
17Mar2006 | Tom Royce | 1 comment | Continued