Real Estate Blog, Mortgage, and Development News
Today is Tuesday, December 02nd, 2008
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!General Electric (GE) has long been a bellweather for the economic state of the US economy. So when they missed on their earnings it sent a shockwave through the financial markets. But the reason they missed was due to [...]
22Apr2008 | Tom Royce | 0 comments | ContinuedHere is a question to the media.
Why is it when residential sales drop it is because of the fault of the housing industry, but when sales of commercial properties fall it is because of the credit crunch?
I know I am seriously generalizing the issue but that is how the media is approaching this.
All residential [...]
25Feb2008 | Tom Royce | 0 comments | ContinuedThe San Jose Mercury News today talks about pricing a home and the benefits of the $417,000 price point. For those who do not recognize the number, $417,000 is the limit of qualifying for a conforming loan that Freddie Mac or Fannie Mae will purchase. This limit is huge as once it is breached you [...]
6Dec2007 | Tom Royce | 1 comment | ContinuedIf you are trying to see where the best place to put your money in the real estate market you may be surprised. Real Estate Investment Trusts (REITs) have taken a beating in the market recently but now may be the time to buy them up.
Shares of a REIT typically sell for a modest [...]
24Nov2007 | Tom Royce | 9 comments | ContinuedAs the United States commercial and residential markets slow down, Wall Street is not prepared to wait for the next big thing domestically. Large players like Goldman Sachs and Morgan Stanley are already making large investments in Asia. Goldman announced a 200 billion yen investment in Japan real estate this year on the assumption that [...]
3Oct2007 | Tom Royce | 2 comments | ContinuedAfter a roller coaster few weeks, the combination of the Federal Reserves activity (lowering the bank rate and infusing capital into the lending market) and the banks continuing to lend, real estate funds had an outstanding week.
CBRE Realty Finance up 34.06%,
Crystal River Capital up 16.94%,
Gramercy Capital Corp/New York up 15.52%
American Financial [...]
Countrywide Financial, the 500 pound gorilla in the mortgage lending world is in a fight for it’s survival as share prices plummeted yesterday in trading. In pre-market trading this morning today, Countrywide is down 10 percent.
Bankruptcy fears gripped the stock on Wednesday as an Merrill Lynch analyst wrote:
“If enough financial pressure is placed on [...]
16Aug2007 | Tom Royce | 1 comment | ContinuedIf you are investing in real estate, be prepared for the big boys to be moving in. The demand for high yield investments is surging and many Wall Street players are looking to commercial real estate to achieve great gains. The stock markets are trading at historic highs and people are looking to diversify their [...]
20Jun2007 | Tom Royce | 0 comments | ContinuedIf you are looking to invest in the mercurial real estate market in China, you probably are going to have a tougher time of it in the coming couple of years. Government regulators have issued tougher restrictions on foreign property investment to try to slow down the rampant appreciations of property value.
While the larger [...]
In my post, The Irish Are Coming, The Irish Are Coming I focused on the increased spending on New York City by Irish buyers. Now reading an article out of Chicago I see that the Irish are also buying up property in Chicago too. The low tax, high growth environment is creating amazing wealth in Ireland and they are [...]
20May2007 | Tom Royce | 4 comments | Continued