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Federal Bill Will Provide Incentive To 2nd Lienholders To Allow Refinance

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!While I am still not thrilled with the 300 billion dollar housing bill working it’s way through Congress, they did insert some logic into the process. The bill is designed to help out the lenders and homeowners that are […]

25Jul2008 | Tom Royce | 1 comment | Continued
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Technology Allows Success in Targeting Real Estate Niches

In the past, marketing was so unspecific that you really needed to take big swings to get customers. The concept of television advertising speaks to that. If a real estate agent ran an advertisement on the local television she would not want business that could be 100 miles from her.
But with the advent of […]

22Jul2008 | Tom Royce | 3 comments | Continued
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Top 10 Cities for Real Estate Investing, 2nd Quarter 2008

Homevestor, the We Buy Ugly Houses folks, have come out with their listing of best cities for real estate investing for the second quarter of 2008.
There was no criteria mentioned about how they came to create the list but my assumption is that it is based upon Homevestors franchise volume information. What interests me […]

16Jul2008 | Tom Royce | 1 comment | Continued
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Fannie Mae and Freddie Mac Face Market Turmoil

As IndyMac fights for their lives, Freddie Mac and Fannie Mae face the daunting challenge of raising new capital and a steep drop in their share prices. The federally chartered lending institutions stock prices were hammered yesterday after fears resurfaced over the lending crisis.

One of the strongest warning signs came Monday, when shares of […]

8Jul2008 | Tom Royce | 0 comments | Continued
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Regional Retail Real Estate Vacancy Rate Rises To 13 Year High

After the housing slowdown in 2006 construction focused on the retail and commercial side of the equation. But now large shopping centers and malls are facing their own glut of space. The growth in asking rents for these properties is up only 0.8 percent in the second quarter over the previous year.
I would be watching […]

7Jul2008 | Tom Royce | 1 comment | Continued
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Prudential Shuts Down Offices In Expensive Marin County

Do you think that the real estate slowdown is only impacting low end and far out housing? Think again.
Prudential is on the process of shutting down most of their offices in tony Marin County, just across the Golden Gate Bridge from San Francisco. The ultra high end market of Marin has seen a decrease […]

2Jul2008 | Tom Royce | 1 comment | Continued
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Top 9 Best Bargain Markets In 2008

If you are looking to get out of the rat race and find a community that offers both the aspects of a large metropolitan region and a more relaxed living style, this list is for you. To make this list the cities had to have a strong economy, reasonable home prices that were not in […]

1Jul2008 | Tom Royce | 0 comments | Continued
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See How Much Is Spent Marketing A Real Estate Listing

Trying to figure out how much to spend marketing a home is a constant battle for real estate agents. Face it, spending money on a home that does not sell is lost money. But not spending enough may cause you to fail in your marketing and end up costing you the sale.
It is enough […]

16Jun2008 | Tom Royce | 1 comment | Continued
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After $4.6 Billion in Losses Head Says FHA May Have To Shut Down?

This is a wacky little bit of news and is most likely inside the beltway jockeying, but in a recent speech Brian Montgomery, head of the Federal Housing Administration, said that if losses continued at the pace they are on, the F.H.A. might have to shut down.
Meanwhile Congress and the President are debating a 300 […]

10Jun2008 | Tom Royce | 2 comments | Continued
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Real Estate School Slowdown

We all know that real estate is a business full of highs and lows. The market takes off and then goes into deep declines like we are in now.
But imagine owning a real estate school. If you are an agent you probably dread the thought of sitting through the exciting classes on real estate […]

9Jun2008 | Tom Royce | 1 comment | Continued
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