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Noelle Knox to Appointed Real Estate Editor For AP
2008-03-19 16:11:00 Noelle Knox, formerly of USA today, has been hired to head the Associated Presses new focus on real estate news. This is part of the new strategy by AP to be focused on capturing the what is happening in the real estate world in a broader manner while maintaining the breaking nature of their mission. One of ... More About: Estate , Real Estate , Real , Editor
JP Morgan?s Buying Bear Stearns For Manhattan Real Estate?
2008-03-19 16:00:00 The furor of the week over the Bear Stearns buyout has focused on the 2 dollar share price JP Morgan paid. What is interesting in the deal is how JP Morgan has gotten a high priced real estate asset, The Bear Stearns Headquarters, for a relative pittance. The building is valued at roughly 1.1 billion ... More About: Buying , Estate , Real Estate , Real
Wordpress 2.5 Coming Soon
2008-03-19 01:31:00 Wordpress 2.5 is coming soon. Since many of us use Wordpress to host our weblogs it is always good to be ready for the changes. To see the new version of Wordpress click here for a demo site. To play with the admin console, click here and then use the username admin and password demo. ... More About: Wordpress , Real Estate
Rental Market Bright Spot On Real Estate Horizon
2008-03-18 13:40:00 If the surge in demand in rental units is a surprise to any of you please go back into your dark room and close your eyes. Shelter is a base item in Maslow’s Hierarchy of Needs. As they say, if you have food, shelter, and water you can live. So it is no surprise that ... More About: Estate , Real Estate , Market , Rental , Spot
IKEA Homes Coming to England
2008-03-17 18:12:00 IKEA, the name that savvy 20 somethings think of when buying inexpensive furniture for their first home, is getting into the English home building business. They are focusing on their core strength, low cost, high quality construction that is modular. The apartments and townhouses range from £99,500 to £149,500 if purchased outright or less if ... More About: England , Homes , Ikea
Using Google Adwords to Drive Traffic? Slim Down and Save Money
2008-03-17 14:59:00 If you are using Google Adwords to drive traffic to your real estate site it would make a great deal of sense to sit down with your web designer and slim down your page (send them this post as it will help them). Google Adwords uses a quality score to determine how much you are ... More About: Money , Traffic , Save Money , Drive
Trump Tweaks Palm Beach Officials With Plans To Turn 125 Million Dollar Man
2008-03-17 14:42:00 Donald Trump is an expert at link bait. First he puts his home in Palm Beach up for sale for a record 125 million dollars. Then after a couple of years of no action, he decides to announce to the world that he is going to turn the property into a hotel. Now if you know ... More About: Dollar , Plans
The Feds Tricky Road Unwinding the Credit Crisis
2008-03-17 12:56:00 Megan McArdle, on the Atlantic Magazine blog, has an excellent analysis of the recent dance between the Federal Reserve, Bear Stearns, and JP Morgan. The averting of a credit crisis that has been projected by the bubble bloggers may be short lived, but overall the Federal Reserve did it’s job in this instance. Yes, this is ... More About: Credit , Mortgage , Tricky , Road , Crisis
Bear Stearns Selling, Fed Rate Cut, and CNBC Streaming Live
2008-03-17 03:33:00 A Sunday (discount) rate cut came out today after the announcement that is buying Bear Stearns for a pittance as the company is on the verge of collapse. JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. for about $240 million, less than a 10th of its value last week, after a run ... More About: Selling , Real Estate , Live
Inspirada and Kyle Canyon Las Vegas Projects Missing Payments
2008-03-15 13:25:00 It looks like the Inspirada and Kyle Canyon Gateway subdivisions outside of Las Vegas are in deep trouble as nearly non existent sales have empties the coffers. Expect to see more stories like this as the deep pocket investors are bailing out on developments across the country. Two Las Vegas housing projects have each missed an interest payment ... More About: Projects , Real Estate , Missing
FBI Creates Nevada Mortgage Task Force
2008-03-15 13:03:00 The FBI has been sleeping through the mortgage fraud crisis hoping the elephant in the room would just go away. The banks lose a few million, homeowners end up with reduced property values, and we do not have to get our budgets blown out. However, the elephant has started tearing things up just a little too much and now the ... More About: Nevada , Mortgage Fraud , Force , Mortgage , Task
The Girl Who Destroyed The New York Housing Market
2008-03-14 20:42:00 I wish I had caught this sooner. Fortunately Dean Foust was on top of things. While I think Dean was wildly overeacting when he stated that this one little 6 year old caused the national housing meltdown, I think all are convinced that she had a major play in the recent downturn for New York City. Post from: The Real Estate ... More About: Market , Girl
Could Fannie Mae Go Belly Up?
2008-03-14 20:33:00 That is the question that is being asked over at Smart Money. They have gone through the balance sheet of the public private mortgage guarantor are concerned. Creative accounting and overly positive projections paint a picture that could be far from reality. This would not be as worrisome but the past history of Fannie Mae ... More About: Mortgage Fraud , Mortgage , Belly
Foreclosures Dip 4 Percent in February, 2008
2008-03-14 15:39:00 Foreclosures for the month of February , 2008 dipped 4 percent from January’s number but still were up a whopping 60 percent over February, 2007. The number while heartening also show that the foreclosure crisis is still going on. The top states with the highest foreclosures follow the trend of where the housing bubble tracked as ... More About: Foreclosures , Foreclosure , February 2008
Bear Stearns Needs Help From JP Morgan and The NY Fed
2008-03-14 15:30:00 In a surprise move, Bear Stearns Cos. has had to get a bailout out from rival JP Morgan and the New York Federal Reserve. Rumors of financial distress have been circulating the past week with executives trying to reassure the public. Tough times in the financial sector are another part of the real estate slowdown. If ... More About: Real Estate
When Property Values Go Down Chicago Just Bumps Up Transfer Taxes
2008-03-13 14:29:00 Why is it when we have revenue issues in our household we just work on cutting back spending, yet when government has revenue issues they just find new ways to raise our taxes? That is all I can think of after reading an article in the Chicago Tribune how the Chicagoland governments are all pleased ... More About: Taxes , Real Estate , Property , Transfer
Where Are The Beach Front Bargains? Few And Far Between
2008-03-13 14:17:00 As housing prices drop folks are coming out of the woodwork looking for bargains. If you are looking in fringe subdivisions far outside of major metropolitan areas they are all over the place. But if you are looking to get a bargain on prime beachfront property that will be very hard to do. Lets face it, ... More About: Beach , Front
Europe?s Top 10 Real Estate Locations For Investment
2008-03-12 15:50:00 Forget London and Rome, the top real estate investment locations in Europe have moved further east as the most famous cities have become terribly overpriced and are seeing a drop in their investment value. Instead investors are flocking to cities such as Moscow and Istanbul to grow their capital. Europe’s Top 10 Real Estate Locations ... More About: Real Estate , Investment
Why Real Estate Bloggers Are Twittering?
2008-03-12 15:30:00 Because it is fun. And when things break they break first on Twitter. Here is a great primer on Twitter: Follow me at http://twitter.com/tomroyce. Post from: The Real Estate Bloggers Why Real Estate Bloggers Are Twittering?
Why Homeowner Association Exclusive Contracts Can Backfire
2008-03-11 14:35:00 Engadget has an interesting article on why homeowner associations that sign exclusive contracts for services can have it backfire. The example they are using is the contracts homeowners associations have signed to make cable companies exclusive providers to get better rates. The problem is that with if foreclosures happen or homes go empty, the rest ... More About: Exclusive , Real Estate , Housing , Association , Contracts
Blackstone - They?re staring into the jaws of hell
2008-03-11 14:28:00 “They see the handwriting on the wall,” said Martin S. Fridson, a leading expert on junk bonds, said of buyout firms. “They’re staring into the jaws of hell.” via the New York Times. Wow, the hyperbole. But it is true, tighter credit has made mincemeat out of the big buyout firms that are so dependent on ... More About: Blackstone , Hell , Staring , Jaws
Michigan?s Goverment Attempts To Completely Destroy Real Estate Values in S
2008-03-10 15:31:00 God help you if you live in Michigan . When unemployment became onerous and the government was hit with declining tax revenues they decided to try to bolster the manufacturing sector. The passed a new tax law that gave special benefits to those creating new jobs. As is typical with all governments, instead of lowering spending ... More About: Estate , Real Estate , Real , Values
Why The United States Real Estate Downturn Will Be Much Different Than Japa
2008-03-10 15:18:00 There is a great deal of discussion going on in the real estate world that the real estate downturn in the United States is going to mimic the 10 year downturn that Japan went through in the 1990’s. The fear of rampant deflation or at best stagflation is often the fear raised by those who ... More About: Estate , Real Estate , Real
Countrywide Being Investigated - Is This Bank Of America?s Out?
2008-03-09 17:54:00 The business practices of Countrywide Financial are being investigated by the FBI according to Bloomberg. While it is hard to keep track of everything, the charges of security fraud are hard to get out of if Mozilo selling a huge chunk of his stock right before the share price tanked does raise a red flag. ... More About: America , Mortgage Fraud , Mortgage , Bank of America , Bank
Chicago?s Cook County Asks For Mortgage Task Force
2008-03-08 15:43:00 Mortgage fraud has become so rampant in the Chicago Metroland that the Cook County Recorder of Deeds has asked for a multi jurisdictional task force to attack the problem. The illegal recording of deeds and forgery to get illegal mortgages on homes is so rampant that the office can not stay ahead of the problem. Moore ... More About: Real Estate , Force , Mortgage
Tennessee Will Require Fingerprints From Convicts and Real Estate Agents
2008-03-07 15:46:00 The Tennessee Department of Commerce and Insurance announced yesterday that all real estate agents will have to have their fingerprints taken and background checks done before they can sit for the real estate exam. I wonder if they will require fingerprints for attorneys also? Individuals will be fingerprinted by Cogent System and the company will electronically ... More About: Estate , Real Estate , Agents , Real
Solar Power Cells Made By Your Inkjet Printer?
2008-03-06 21:36:00 Has anyone noticed that there has been a surge in alternative power ideas coming to fruition now that energy costs are skyrocketing? The newest one that I have come across are solar power film cells that can be printed off of an inkjet printer. Like electricity, consumers will gravitate to the least expensive solution. When one ... More About: Power , Solar Power , Solar , Housing , Printer
Is New York State Going To Impose a 1 YEAR Mortgage Moratorium?
2008-03-06 15:52:00 The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money. Alexis de Tocqueville We are getting closer and closer to the end of the republic and into a world of quasi socialism as the politicians pandering increases. The most recent example is the New York ... More About: Foreclosure , Mortgage , State
The Billion Dollar Home - Mukesh Ambani?s New Home in Mumbai (Bombay)
2008-03-06 15:19:00 We have all heard about the 100 plus million dollar homes that are popping up for the super rich, but the new home of Mukesh Ambani is expected to cost nearly 1 billion dollars. Being built in Mumbai , what we call Bombay , the building will be placed in a residential section of the city. The ... More About: Real Estate , Dollar , Home
When The House Came Tumbling Down or Incompetents Get Too Close
More articles from this author:2008-03-05 20:51:00 This reminds me of the past week. Fortunately things do get better. Hattip to Barry Schwartz (aka RustyBrick) via Twitter Post from: The Real Estate Bloggers When The House Came Tumbling Down or Incompetents Get Too Close More About: The House 1, 2, 3, 4, 5, 6, 7 |
