Real Estate Blog, Mortgage, and Development News
Today is Wednesday, August 20th, 2008
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Let’s face it, on the low end housing prices are stagnating, mortgage opportunities are decreasing, and demand is just not there after the run of flips and speculation created excessive inventory. To some this is depressing but to the […]
22Mar2007 | Tom Royce | 1 comment | ContinuedLife is ironic. A noted Trenton, New Jersey pediatrician has been accused of discrimination because he would not rent an apartment above his office to families with children. Is it because the doctor…
17Feb2007 | Tom Royce | 1 comment | ContinuedIf you are fed up paying very high rental rates and are ready to go to a location where things may be a bit slower and more laconic, then these cities that have the Top 10 least expensive rental marke…
12Feb2007 | Tom Royce | 8 comments | ContinuedNew York City heads the list of the most expensive rental market for 2006, and rents are expected to increase in 2007 across the country. The slowdown in real estate purchases will lead to an almost 1…
9Feb2007 | Tom Royce | 0 comments | ContinuedWell, when Tishman Speyer’s bought Peter Cooper Village and Stuyvesant Town for over 5 billion dollars, you knew that they were looking to make money and not just give MetLife a gift. But now the tenants who do not live in rent subsidized apartments are getting sticker shock as the community is seeing the new […]
16Jan2007 | Tom Royce | 0 comments | ContinuedWe wonder in amazement when we see that housing costs stop rising at 20 percent. The bubble bloggers begin to crow that the market will collapse. The builders panic as they got caught riding the wave of economic opportunism and have to retrench. Real Estate agents think that they will never sell a home again. […]
3Dec2006 | Tom Royce | 4 comments | ContinuedCraigslist, the online classified section that has taken over the rental listings market in many cities was found by a federal judge for not being liable over allegedly discriminatory ads placed on the service. Housing advocates in Chicago had sued Craigslist for violating fair housing regulations.
The decision was a victory for online civil liberties […]
17Nov2006 | Tom Royce | 0 comments | ContinuedAs we predicted when the speculators fell out of the market, housing prices would come down a bit. The numbers released state a drop of 9.7 percent nationwide but compared to the multiple years of double digit appreciation this is not so bad. The nugget in the numbers is that home sales increased, not decreased, […]
26Oct2006 | Tom Royce | 5 comments | ContinuedAustralia is having a housing shortage in the wake of housing prices lowering and home sales market stagnating. People are not buying homes, so they are faced with the prospect of additional renters flooding the market. And guess what is happening? You got it, rental prices are increasing rapidly as demand for rental units is outstripping […]
28Sep2006 | Tom Royce | 2 comments | ContinuedIf you are looking to rent instead of purchase as the real estate market goes through its correction in your region, it is a good idea to keep an eye on rental prices. New YorkCity has the highest apartment rental rate in the country, followed closely by San Francisco.
To make the situation even more rough […]