Speculation

Mississippi Up Ante For Kia Plant to 1 BILLION

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The competition between West Point, Georgia and Mississippi for the new Kia Plant is heating up to a fever pitch, and Mississippi is shooting the moon in its attempt to lure the company to their state. Georgia is not [...]

9Mar2006 | Tom Royce | 0 comments | Continued

The Bad - 10 Percent of Homeowners Have 0 or Negative Equity: The Good - 11 Trillion in Housing Equity

Real Estate has been a very interesting story to cover in the past year. Some markets in the country are going to be in serious trouble while most of the country will continue to see steady and modest appreciation. The same can be said for homeowners.
Ten percent of the homeowners in the country are in a [...]

26Feb2006 | Tom Royce | 4 comments | Continued

California Homes Sales Slow to New Low in January

California is in the heart of the bubble slowdown. After astronomical growth in the past four years, the market is regrouping with slowing sales and lowering prices. The increases of the past 4 years have priced the average homeowner out of the market, and the retrenchment out of the exuberant optimism is now being replaced [...]

17Feb2006 | Tom Royce | 1 comment | Continued

New York Top Hotels Convert to Condo’s at Rapid Rate

It is not only the Plaza that has converted some of its rooms in New York City recently as this International Herald Tribune article states, but many of the top properties in the city are converting to condo’s. And the list of potential buyers continues to grow. The cachet of living in one of the [...]

16Feb2006 | Tom Royce | 2 comments | Continued

Super Bowl Market Machinations

A common precept that is recognized in the modern real estate market is that homes do not start selling until after the Super Bowl. Two bloggers take on this presumption as a challenge to the real estate market to show whether the recent slow down is a long term trend or season blip that is [...]

6Feb2006 | Tom Royce | 0 comments | Continued

Harrah’s Vying To Build Casino Complex in Downtown Pittsburgh

It looks like the slot machine casino that will be built in downtown Pittsburgh will be a great opportunity for development in the downtown area. Harrahs is seen as the leading candidate, as they look to build “a casino complex on 12.3 acres east of the Fort Pitt Bridge, where the Chevrolet Amphitheater and its parking [...]

23Jan2006 | Tom Royce | 0 comments | Continued

Vail Resorts Buys 1 Acre of Land for 3.3 Million in Vail, Colorado

Wow, this is almost as expensive as midtown Manhattan. But for the landowner who was smart enough to hold on to it, congratulations. Another reason why eminent domain laws are so dangerous for the investor. They could have gotten the government to condemn it for their project at half the cost.
Vail Resorts said Monday one [...]

10Jan2006 | Tom Royce | 0 comments | Continued

Boston Real Estate Flippers Face Tough Condo Market

The Boston Condo Market, so hot for so long, is slowing down just as a surge of inventory is coming to market. The market has spawned a contingent of flippers, people who buy pre-construction condos and then sell them when the buildings open for a windfall profit. These flippers are finding a soft condo market [...]

22Dec2005 | Tom Royce | 0 comments | Continued

Qualifying for Non Traditional Mortgages Gets Harder

The mortgage marketplace is going to get rougher before it gets easier for borrowers to avail themselves to interest only and option adjustable mortgages.

Interest-only and option ARMs are fairly complex mortgages. Typically, borrowers make artificially low payments for a period, such as five years. Afterward, payments shoot up to reflect current interest rates and [...]

14Dec2005 | Tom Royce | 0 comments | Continued

No Bust, Just Fizz as Housing Bubble Fades

For those who are waiting patiently (or nervously) for the coming housing boom, the consensus of an economic summit held in Chicago this week, thinks we will not have a bursting of the bubble, but a fizz…..

That was the consensus of economists gathered in Chicago this week as they viewed the likelihood that a so-called [...]

13Dec2005 | Tom Royce | 0 comments | Continued