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Worst Public Housing In America? How About Soldiers Housing At Fort Bragg
2008-04-29 21:20:00
If the conditions shown in this video were to happen in any rental property in the country the landlord would be facing a condemnation notice. Instead our soldiers coming back from a 15 month deployment are facing these living conditions. This has got to stop. No matter your feeling on the war, and I do ...
More About: America , Real Estate , Public , Housing , Soldiers

K&B Founder - Home Prices Could Drop 20 Percent More
2008-04-29 20:02:00
Into the gloom and doom of the housing market comes this tidbit of knowledge&# 160;from one of the founders of K&B Home s. Eli Broad is thinking that home prices could drop another 20 percent over the next couple of years. I bet the folks in the corporate offices of K&B are grumbling a bit over that quote as they ...
More About: Founder , Drop , Prices

United States Has 129.4 Million Homes- 18.6 Million of Whom Are Vacant
2008-04-29 15:30:00
The United States  real estate market has an inventory problem. When there are over 18 million empty homes across the country we have no reason to continue to build new homes. If this were a logical marketplace we would tell builders to take a 2 year moratorium until absorption met demand. Instead we have builders building ...
More About: Homes , Vacant

Top 10 Metro Areas For Foreclosures - 1st Quarter, 2008
2008-04-29 15:05:00
The top 10 metro areas in the United States for foreclosures include the usual suspects led by 6 California markets, Las Vegas, Detroit, Phoenix, and Fort Lauderdale. There were 2 real surprises for me in the RealtyTrac report, first that Detroit has dropped down to number 6 after being the leader in foreclosures for so ...
More About: Foreclosures , Foreclosure , Metro , Quarter , 2008

Theres An Alligator In My Kitchen, What Am I Gonna Do?
2008-04-29 13:48:00
My apologies to UB40 for the title, but this is not something you would want to see when you are hearing noises downstairs in the middle of the night. An 8 foot alligator sitting in your kitchen who chased your cat into the house after pushing in the screen porch door. Florida living can be ...
More About: Kitchen , Alligator , Gonna

Web Sites Triple in Size in Last 5 Years - Realtors Use That Bandwidth!
2008-04-28 16:57:00
In the past if you developed websites you aimed not to alienate the dial up user and those with smaller monitors. Well with the new information out that websites have tripled in size since 2003 and the number of objects on a page doubling, don’t get hung up on those metrics anymore. The size of ...
More About: Realtors , Web Sites , Sites , Years , Size

Speaker of House Nancy Pelosi Says 1 in 20 California Homeowners Will Be in
2008-04-28 13:00:00
Nancy Pelosi, Speaker of the House , must be the Queen of the FUD (fear, uncertainty, and doubt). Instead of talking about the positive things that have gone on in the country over the past 2 years of her speakership, she instead decides to be a fear monger to those in the fear mongering business. Addressing a mixture of ...
More About: California , Nancy Pelosi , Foreclosure

Countrywide Selling REO Property To Minority and First Time Buyers
2008-04-26 15:14:00
Countrywide Financial has joined into a partnership with New Vista Asset Management to sell their foreclosed upon properties. What is different that most property sales by bank owned real estate is that Countrywide is not just dumping the properties. Instead they are trying to sell them to minorities and first time buyers as part of ...
More About: Selling , Property , Time , Foreclosure , Buyers

CB Richard Ellis Is First Commercial Real Estate Firm To Make The Fortune 5
2008-04-26 15:07:00
CB Richard Ellis has made the Fortune 500. This is pretty big news as the company is the first commercial real estate firm to make the list. They came in at 404th place of the largest companies in the United States. Congratulations to the crew over there. It looks like all of the aquisitions over ...
More About: Commercial , Estate , Real Estate , Real

NAR President Shows New Fangled Real Estate Technology - Like The Typewrite
2008-04-25 18:45:00
The National Association of Real tors has released a video today showing how the Past President of the NAR Pat Combs uses her technology. She shows how cool the concept of scanning documents makes her state of the art instead of using a fax machine. While it is not all bad, all I have to say ...
More About: Technology , Estate , Real Estate

New York Times Makes Precarious Leap on Foreclosure Market
2008-04-25 17:46:00
We all try sometimes to make a concept work and fail miserably. Well, that is what the New York Times did today with their story on Foreclosure s in Greenwich, Connecticut. They were trying to show that foreclosures are not just hitting the speculators and lower income, but were even having an affect on the gentrified ...
More About: Real Estate , Market

Great Article on How Inman Reinvented Themselves
2008-04-25 00:51:00
Marketing Sherpa, one of the most respected marketing sites on the internet, has an intriguing article on how Inman News has reinvented itself over the past couple of months to remain a market leader. There is a great deal to learn in the article and congratulations to Brad, Joel, and the rest of the team ...
More About: Real Estate , Article , Great

Rental Rates Surging Across Country For First Quarter 2008
2008-04-24 15:22:00
While housing prices remain moribund, the demand for rental properties has rates surging across the country. Simple economics will tell you the longer that people hold off buying the more renters are created. The newly married and young buyers that normally would enter the housing buying cycle are still renting as fear, uncertainty, and doubt are dominating the marketplace. But then a funny thing will happen. Rents will be too high to not justify buying even if there is some downside to the purchase. These same folks that have held off will create so much pressure on the rental market that when they decide to buy, they will all at once not to miss out. That is why real estate is such a funny business. Mass consumer sentiment plays a much greater role than almost any other marketplace. Here is a list of major metropolitan markets and the median rent being charged for the first quarter of 2008 from Realtor Magazine. Atlanta: $986Austin: $907Boston: $1,645Chicago: $1,355Las Ve...
More About: Country , Rental , Rates , Quarter

Sign of the Times: RE/MAX Partners With RealtyTrac To Add Foreclosure Data
2008-04-24 15:08:00
With a large percentage of homes that are selling being ones in foreclosure across the country, RE/MAX Regions has decided to partner with RealtyTrac and add foreclosure data to their websites. I can not find the report I read saying nearly one in three resales in California are foreclosures, but it is not surprising (found – via Inman News). Doug Quance has noticed the same issue here in Atlanta. But for some RE/MAX brokers to put foreclosure information on their listing page in competition with their full listings is intriguing. What it tells me is that foreclosures are the dominant housing product on the market and that even full service real estate firms are having to focus on the market to remain viable. This new feature is the result of a strategic partnership between RealtyTrac (http://www.realtytrac.com), the national leading source of foreclosure data; Reliance Network, a leading developer of Web-based applications for real estate companies and four indep...
More About: Data , Foreclosure , Sign , Times , Partners

Top 10 Seach Providers For March 2008
2008-04-23 22:12:00
Here are some interesting numbers for information use only if you are trying to figure out where to concentrate you real estate search efforts. Many people, and most who are trying to sell you something, think that you have to focus your efforts on many different search companies. Well, Google, Yahoo, MSN/Live, and AOL have 93 ...
More About: Real Estate , March , March 2008 , 2008

States Blame Federal Government For Failed Mortgage Remediations
2008-04-23 19:20:00
What should not be a big surprise for any who read this site, now the states are blaming the federal government for not slowing down the rate of foreclosures hitting the market. There has been no slowing of the rate of foreclosures no matter what efforts the states take at counseling or programs they have ...
More About: Government , Foreclosure , Mortgage , States , Blame

Fannie Mae, Freddie Mac Spanked For New Accounting Problems
2008-04-23 13:47:00
Is this any surprise, both Freddie Mac and Fannie Mae are now being told to moderate their aggressive accounting methods and be more prudent on the numbers they are reporting. The issue is a bit esoteric but coming after the accounting scandals that enveloped the agencies in the past year, any hint of impropriety should ...
More About: Mortgage Fraud , Mortgage , Freddie Mac , Problems

Why Bear Sterns Meltdown Hit GE?s Earnings
2008-04-22 17:04:00
General Electric (GE) has long been a bellweather for the economic state of the US economy. So when they missed on their earnings it sent a shockwave through the financial markets. But the reason they missed was due to Bear Sterns meltdown in mid March. GE always keeps some real estate in it’s pocket that has ...
More About: Investment , Earnings

Why Building Green Makes Sense These Days
2008-04-22 15:41:00
Many people look at todays celebration, Lenin’s Birthday Earth Day, as a reason to celebrate mother earth and all that it entails. This is not a post for that. Instead, lets talk about building green and why it makes much more sense. Until technology catches up to demand, energy costs are going to continue to ...
More About: Building , Sense , Green , Days

Fear Mongering or Prognostication: Pew Research Projects 1 in 33 Homes Will
2008-04-21 21:58:00
Man I hope that these folks are not accurate. I would expect market forces to come into play way before the results of the Pew Research report on housing would occur. One in 33 current U.S. homeowners may be headed toward foreclosure in the coming years because of subprime loans, according to our new report, ...
More About: Projects , Foreclosure , Homes , Fear

Risky Subprime Mortgage Cartoon
2008-04-21 13:45:00
When a picture tells a story, as told by Steve Kelley: Sometimes listening to friends this is exactly my reaction. Post from: The Real Estate Bloggers Risky Subprime Mortgage Cartoon

Top 10 States With Lowest Foreclosure Rate For March, 2008
2008-04-20 16:12:00
The states with the lowest foreclosure rate are an interesting group. RealtyTrac tells us they range from upper Northeast states such as Vermont and Maine to vacation destination Hawaii, Midwest outposts North and South Dakota to to Southern states such as Mississippi and Alabama. What they do share in common was that they were not the ...
More About: Foreclosure , March , States , Rate , March 2008

New York City Average Sale Price of Homes Soaring
2008-04-19 16:49:00
With slowing sales on the low end the average price of New York City’s real estate is seeing amazing heights. The average price of a Manhattan dwelling is up 41 percent, while New York City as a whole is up 28 percent. The numbers are skewed with the high end doing so well but ever ...
More About: Real Estate , Sale

Comerica Profits Take Hit On California Property Loans
2008-04-19 16:26:00
Comerica’s profits took a 43 percent haircut due to losses in the California real estate market. The company saw a loss on loans they have in the Golden State and are planning on making provisions for further losses. Earnings  last year were $1.19 a share last year for the first quarter but came in at $0.73 ...
More About: Real Estate , Property , Loans , Profits

Home Remodeling is Slowing Down in United States
2008-04-18 16:28:00
What may be a sign of the economy is slowing down overall, a new report released by the Harvard University Joint Center For Housing Studies has released a report that home remodeling is slowing down. There has been a great deal of investment in properties over the past decade as people have remodeled and added ...
More About: United States , Home , United , States , Remodeling

Sharpe James, Former Newark Mayor, Convicted in Scam To Sell City Propertie
2008-04-17 15:51:00
It is amazing what some of our elected officials think they can get away with. Fortunately, this time the politician got caught. For 36 years Sharpe James was a power broker in Newark, New Jersey politics. He watched the city deteriorate and essentially fall apart. Now we know why, he was using the city as ...
More About: City , Sell , Mayor , Scam

Using Local Access Television To Increase Exposure to Your Real Estate Prac
2008-04-17 15:43:00
It is great to read stories that show how real estate agents can improve their exposure in local markets and expand their perceived expertise. We are so caught up in blogging and the internet, but there are many other ways to let the public know how knowledgeable you are. And if they were real smart ...
More About: Television , Estate , Real Estate , Local , Access

Top Ten States For Foreclosures - March, 2008
2008-04-16 15:00:00
Nevada, California, Florida, and Arizona take the top spots for foreclosures in the month of March , 2008 according to RealtyTrac. The speculative markets in these states are still unwinding as housing prices continue to recede. Nevada is the hardest hit with one out of every 139 homes in foreclosure, nearly 4 times the national average. ...
More About: Foreclosures , Foreclosure , States , March 2008

Ron Paul on Congress and the Housing Bailout
2008-04-16 14:41:00
Luke Mullins has an excellent interview with former Presidential Gadfly Candidate Ron Paul on the housing crisis and the role Congress may play in it. I would have said fixing it but we all know that is smoke and mirrors. Paul is very libertarian and on economics we share many of the same principals, let ...
More About: Housing Bubble , Foreclosure , Mortgage

Fulton County Georgia Businesses See Major Tax Hike
2008-04-15 18:07:00
Fulton County , Georgia , which encompasses the city of Atlanta is about to raise taxes significantly on many of it?s commercial properties. The median tax increase will be 44 percent, meaning that half of the properties will see increases of more than that. For those with tenants and a fixed rent this could really hurt ones cash ...
More About: Taxes , Featured , Hike