West

Recycle Your 747 Into Your New House

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!That is what the heir to the Southern California Mercedes Dealership decided to do. Take an old 747 and convert it into her house overlooking the Pacific Ocean.
Francie Rehwald wanted her mountainside house to be environmentally friendly and to […]

26Dec2005 | Tom Royce | 0 comments | Continued

Median Home Prices in Marin County Up To $920,000

Wow, just when you think you could not be surprised anymore.

Despite slowing sales, Marin’s median single-family home price in November continued its recent climb, jumping to $920,000 from $914,250 in October, a real estate information service reported.
The November median price was up 9.9 percent from $837,500 a year earlier, according to La Jolla-based DataQuick […]

16Dec2005 | Tom Royce | 0 comments | Continued

Bloggers Roundup

The Housing Bubble Blogger has a feature story today on speculators buying up condos in Las Vegas. Interesting take on condo speculation in that town. I had friends who went to UNLV and their parents would buy a condo and then sell it after graduation. Made some good money doing that.
The Boy in a […]

8Nov2005 | Tom Royce | 0 comments | Continued

Most Interest Only Mortgage Holders Pay Back Principal Early

Most homeowners who take out interest only mortgages pay back some of the principal early, a survey commissioned by Wells Fargo Banks Consumer Credit Group. The New Mexico Business Weekly has the story.

The nationwide survey of 1,300 homeowners was conducted in August 2005 by International Communications Research for Wells Fargo. It had a margin of error rate […]

25Oct2005 | Tom Royce | 0 comments | Continued

San Fransisco Real Estate Market Slows Slightly

The red hot real estate market in San Fransisco region has slowed ever so slightly, but by looking at the housing prices one would never know it. The area sold 730 less homes, but those that did sell were for 100,000 dollars more on average. The typical Bay Area home sold for $616,000 dollars as […]

18Oct2005 | Tom Royce | 1 comment | Continued

Want to Buy a House in California, Better Have A Heck Of An Income

Inman News is reporting that to purchase the average home in California, you would need a yearly income of $133,800 to purchase a $568,890 dollar house. Ouch. The housing affordability index which takes into account interest rates and housing costs, says that this is the lowest the index has been since 1989. For reference, the minimum […]

6Oct2005 | Tom Royce | 0 comments | Continued

A Sign of Sanity: San Jose Housing Market Slowing Down

Silicon Valley housing has always been the craziest market in the country. Prices for a 3 bedroom house routinely exceed 600,000 dollars. That is why the slow down there, while not a bursting of a bubble, but more of a seasonal slowdown. The difference is that fewer people are bidding on the houses that have […]

5Oct2005 | Tom Royce | 0 comments | Continued

Phoenix Proving Grounds Sold for 400 Million Dollars

In the biggest real estate deal in Phoenix’s history, the Proving Grounds has been sold for 400 million dollars. The land had previously been used as a testing center for vehicles.
From KPHO:

PHOENIX For 400 (m) million, developers are getting 55-hundred acres of land that serves as a test facility for Dodge and Chrysler.
DaimlerChrysler management agreed yesterday to sell […]

29Sep2005 | Tom Royce | 1 comment | Continued