Housing

Housing Cost Problems In New Jersey and Long Island Causing Youth To Flee

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!When housing prices were running up, present homeowners started counting their chickens and planning their retirement. But what is forgotten once the bloom is off the rose as it is now, that these high housing costs also have their […]

28Oct2007 | Tom Royce | 2 comments | Continued

Commercial over Housing in California, Green Space over Housing on Long Island

San Jose is worried that the rush to build new homes is taking away from job production. Undeveloped land is quickly being converted to housing inventory and the locals are getting restless. By building up housing at the expense of commercial land, job prospects are being hurt in the region.

But whether the revisions - […]

22Oct2007 | Tom Royce | 0 comments | Continued

Chrysler Chief Nardelli Think Housing Market Will Hurt Car Sales…

Hmmm… The prognosticating skills of Robert Nardelli are now evident during his coming out speech as head of Chrysler and they are not looking too sharp. For a couple of years as Nardelli was leading the home repair company Home Depot he worked hard at convincing the stockholders that a housing slowdown would not materially […]

10Sep2007 | Tom Royce | 0 comments | Continued

Las Vegas Speculators Now Rolling Craps

There were great fortunes made in Las Vegas during the speculative run up from 2002–2005, but now the remnants of the party are chocking the city. Cruising through the communities will find speculative holes in the landscape full of dying subdivisions. Empty homes with dead lawns litter the landscape as other homeowners fret as their […]

9Sep2007 | Tom Royce | 0 comments | Continued

With Tougher Mortgage Requirements, First Time Homebuyers Can Use IRA Money For Downpayment

After years of fairly easy lending standards for buyers, homeowners did not have to worry about coming up with large downpayments for their first homes. But since the lending standards for homebuyers has tightened significantly in the past year, new homeowners need to learn the tricks to coming up with a larger downpayment to qualify […]

30Aug2007 | Tom Royce | 2 comments | Continued

Senate Committee Takes Up FHA Reform

Looking to reform the FHA and open up more federal money for loan guarantees, Senate leaders are discussing the options this week. The goal according to reports from The Hill, an insiders website and magazine, is to lower the required down payment by borrowers to qualify for the FHA guarantee.
While this is a great […]

17Aug2007 | Tom Royce | 0 comments | Continued

News Today is Morbid, Are We Close To The Bottom?

Waking up this morning trying to determine the stories I will write about is a bear. Seriously, everyone is talking about the bear real estate market in the media.
Even Time Magazine is getting into the act. When that behemoth wakes up to a story you know that it is in full form. When Time finally noticed […]

27Jul2007 | Tom Royce | 2 comments | Continued

Lennar Announces Huge Loss of 244 Million for 2nd Quarter 2007

Lennar Home Builders has announced their earnings today and it was ugly.
The company’s total home deliveries were down 28% from last year, while new orders fell 31%. Moving ahead, Lennar anticipates the downturn in the market to continue. The company also expects to be in a loss position in the third quarter.
My question […]

26Jun2007 | Tom Royce | 3 comments | Continued

Understairs Storage - How To Maximize Space In A Small Home

I rarely post cool things about the insides of homes, but this one is just so smart that I had write about it. Instead of wasting space or trying to use the under the stairs space as the most awkward closet in all of existance, a genius decided to put drawers each step on the […]

1Jun2007 | Tom Royce | 1 comment | Continued

India Real Estate Bubble Bursts As Transactions Are Down 50 Percent

India has had a raging real estate bubble form the past couple of years as demand has been through the roof and organized crime has made inroads into the real estate community. But now it seems the party is over and demand has dropped like a stone.
We think things have slowed down in the […]

18May2007 | Tom Royce | 4 comments | Continued