Affordable Housing

Military Towns Provide Bright Spot in Soft Real Estate Market

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Fayetteville, North Carolina, Minot, North Dakota, and Clarksville, Tennessee have solid and rising home prices. Atypical for the United States right now.
You may know these cities better by the military bases in these cities; Fort Bragg, Minot Air [...]

12Nov2008 | Tom Royce | 2 comments | Continued

Multifamily Housing Market Is Strongest In United States Right Now

If you are looking for a bright spot in the real estate investment world right now, look to multifamily apartments as your best bet. The combination of weak sales and tough financing is creating a backlog in the rental markets forcing many who would be considering purchasing new homes onto the sidelines.
The issue has [...]

18Sep2008 | Tom Royce | 0 comments | Continued

Federal Housing Credit Looks To Bring Buyers Out Of The Woodwork

One of the hats the real estate industry is hoping to turn the market around is the Federal Housing Tax Credit. The $7,500 credit for new home buyers, or those who have not owned a home in the past 3 years, is a great tool to motivate buyers in the slow market.
But the key that we have [...]

6Sep2008 | Tom Royce | 1 comment | Continued

First Time Buyers Want Perfect Homes, Not Fixer Uppers

Got a fixer upper you do not want to work on and you thought a first time homebuyer would be interested? Think again.
A study found by Mary Umberger and initiated by Coldwell Banker tells the opposite story. Fixer uppers are so ‘90s. Todays new homebuyers want it all perfect. Just like Mom and Dad’s home. [...]

31Aug2008 | Tom Royce | 0 comments | Continued

Royce Builders Stops New Construction

(For the record, I have nothing to do with the company or anyone associated with the company, but I do share the name with them.)
Affordable home builder Royce Builders in the Houston, Texas region is shutting it’s doors after creditors brought the squeeze to their operations.
While I have said countless times that we have [...]

20Aug2008 | Tom Royce | 2 comments | Continued

Pulte Homes To Match Housing Bill $7,500 First Time Borrower Benefit

One of the things that I have preached on here and when talking to others about the housing market is that first time buyers will be the key to the turnaround. There are way to many potential first time buyers sitting in apartments waiting for the market to find it’s base. For for those moving [...]

8Aug2008 | Tom Royce | 0 comments | Continued

Canadian Snowbirds Warned Off Sunbelt and Florida

An interesting editorial from the National Post of Canada by Diane Francis is not a ringing endorsement for Canadians to use their stronger dollar to buy up Florida real estate.
The whole article should be required reading for any agent selling to snowbirds in Florida and Arizona. Not that I am saying she is right, [...]

31Jul2008 | Tom Royce | 3 comments | Continued

Massachusetts Borrows 1.27 Billion For Housing Fund

Ah, a government and their lust to spend money is never quenched.
Facing lower property taxes and declining prices, the state of Massachusetts has proudly borrowed 1,270,000,000 dollars to buy new homes for the housing commission and update previously existing housing stock. All this for affordable housing across a state where housing is becoming more affordable [...]

1Jun2008 | Tom Royce | 1 comment | Continued

East Haven Connecticut Housing Official Charged With Stealing $173,000

A Connecticut Housing Official and her husband is now charged with stealing Section 8 housing money from the East Haven housing authority. The amount of 173 thousand dollars was taken through a debit card that Cassandra Ashe illegally obtained.
I do hope she gets what she and her husband deserve stealing our tax money that was designated for low [...]

30Apr2008 | Tom Royce | 0 comments | Continued

2 Billion Dollar Fund For California Workforce Housing

The big boys are coming out to play as prices become more reasonable.
Canyon Capital Realty Partners are teaming with former basketball star Magic Johnson and former California State Treasurer Phil Angelides to put together a 2 billion dollar housing fund. The target is not fancy office buildings but instead a much more mundane group, workforce [...]

5Feb2008 | Tom Royce | 1 comment | Continued