Southeast

New Orleans Real Estate is Doing Very Well

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!New Orleans real estate market is doing very well these days as speculators and optimists are buying up homes in the city and surroundings.

The market is not sizzling hot, at least by comparison to New York and San Francisco [...]

1Jan2006 | Tom Royce | 0 comments | Continued

Riviera Beach a case of “Reverse Robin Hood” ?

You have to wonder about taking ones house without your approval to build a massive development by force. Riviera Beach government is in the process of relocating 6,000 residents to develop a 400 acre site. Yes they will be paid, but not to the level they could command on the open market. So essentially Eminent [...]

12Dec2005 | Tom Royce | 0 comments | Continued

Fairfax County Developers Creating Advocacy Groups

It looks like the developers are using the tactics of their opponents in areas where they feel high density growth is needed.

They look like citizens. They sound like citizens. And now they are starting to act like citizens.They are showing up at public hearings wearing T-shirts proclaiming that they are “Citizens for Better Life” [...]

7Dec2005 | Tom Royce | 0 comments | Continued

Florida Real Estate Shows Big Gains

It looks like the housing bubble has not started to effect Florida yet as housing prices are increasing throughout the state.

Across Florida, 64,978 homes changed hands during the three-month period for a seven percent increase over the 60,462 homes sold in third quarter 2004, according to the Florida Association of Realtors.

The statewide median sales [...]

23Nov2005 | Tom Royce | 0 comments | Continued

National Real Estate Sales Hold Steady

The Courier Post Online has this story on the National Real Estate Market holding steady for September. The effect of the hurricanes led to increased demand for housing according to the article.

Sales of previously owned homes held steady in September at the second-highest level on record as demand was bolstered by hurricane evacuees, a [...]

28Oct2005 | Tom Royce | 0 comments | Continued

A Quarter of New Orleans Homes to Be Bulldozed

New Orlean’s damage from Hurricane Katrina may lead to the forced destruction of at least 25 percent of the homes in New Orleans. This is much better than the initial reports of the destroying the whole city, but these numbers sure are sobering when looked at from outside.
The Houston Chronicle reports:

Really, the whole scope of [...]

23Oct2005 | Tom Royce | 0 comments | Continued

D.R. Horton, America’s Largest Builder, says Sales Up 33% in 4th Quarter

As there is concern over a bubble in some of the coastal markets, in the heart of the country housing is still in great demand. D.R. Horton is a builder throughout the southeast, is experiencing tremendous growth on almost every level.
From the AP:

D.R. Horton Inc., the nation’s biggest homebuilder, said Tuesday that its home sales [...]

11Oct2005 | Tom Royce | 0 comments | Continued

Nashville, Tennessee Home Sales are Soaring

Nashville is a great little city. All the things you are looking for in a city, great restaurants, a vibrant arts and entertainment scene, and colleges and universities on nearly every corner. And it looks like, America has discovered it.
From Inman News:

Home sales in the Greater Nashville, Tenn., area jumped 10.9 percent in September from [...]

11Oct2005 | Tom Royce | 0 comments | Continued

Alabama Residential Real Estate Market Humming

Despite a slow down the last couple of months, the real estate market in Alabama has been on fire this year. The Birmingham Business Journal reports that Alabama homes sales rose 6.08 percent compared with August 2004. August 2005 sales totaled 40,307 units.

Year-to-date average sale price — that is, the average price from January [...]

6Oct2005 | Tom Royce | 0 comments | Continued

Builders are in Short Supply in Gulf Coast Region

After the Hurricanes that have devastated the gulf coast, there is a desperate need for builders to be in the area. Unfortunately, many of the local builders though are as devastated as the rest of the people in the region. They are missing their tools, trucks, equipment, and their own houses and offices. They are [...]

3Oct2005 | Tom Royce | 0 comments | Continued