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!Florida’s lack of an income tax has placed a high burden on property taxes to cover the burden of running the state. Excemptions that keep increases on properties held long term have kept families rooted to their old homes […]
28Jun2008 | Tom Royce | 0 comments | ContinuedIf you are a real estate agent and want to sell homes, Trulia Pro is a tool that you should give a long hard look at.
Trulia has been the fastest growing real estate website because they understand how to drive traffic to their site via the search engines. Go ahead andĀ search for a home in […]
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 […]
Chicago television station WBBM has developed a new marketing program for real estate agents. They are creating advertorials for 22 agents across the city to run during the programming day.
These agents will be presented on both the television station and their website as experts in specific parts of the city. I have not seen the […]
An interesting AP article discussing how banks are dealing with the foreclosure had this nugget in it.
One out of every four homes sold in the United States in the 1st quarter of 2008 was a distressed property.
Think about that when you are trying to market a used home. Or if you are a […]
If you haveĀ ever sold a home you have heard your Realtor tell you about the comps in the neighborhood. This is how real estate agents determine the price of your home. But with falling prices and slow moving sales the job of an appraiser to determine the local comps, or comperative prices, is getting much […]
3Jun2008 | Tom Royce | 2 comments | ContinuedWho is the fool that believes once a new taxes is created the government will ever let it go?
For once those affected by a tax are fighting back. Connecticut passed a real estate conveyance tax back in 2003 that was scheduled to sunset, or in real world terms end, on June 30th of this year. […]
The lesson of the day is buyers are not stupid, no matter what the latest advertisement from the National Association of Realtors would have you think.
The Tucson, Arizona market was a typical market during the real estate bubble. Logical pricing all of a sudden exploded into a gold rush mentality and pricing increased significantly. Hordes of […]
Patchwork Nation is a new initiative by the Christian Science Monitor to break the country into 11 demographic units by county that best represent the population that lives there. The report has been done primarily for political purposes but the implication for housing and real estate are also included in the report.
These categories are:
Boom […]
29May2008 | Tom Royce | 2 comments | ContinuedLook at this chart from Calculated Risk carefully. If you need to see a bigger version, click on it or here.
This is the scary part. It looks like we may hit a point where the inventory of homes for sale in the country will exceed the sales for the year.
I wonder if that […]