Housing bubble
San Diego Real Estate Bubble Caused Local Recession
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!San Diego’s local economy was largely real estate driven in the early part of the century. The real estate bubble fueled an economy that fed real estate agents, mortgage brokers, and construction workers, and fed off itself. Capital came [...]
3Dec2008 | Tom Royce | 3 comments | Continued
Buy a Home For a Dollar? If You Do You Are Still A Sucker.
You can buy a home for a dollar in Atlanta, if you are a government entity. HUD is selling two foreclosures in the city for $1.00 to those willing to convert the property to affordable housing.
With the glut in foreclosures plaguing the City of Atlanta there is not much chance for a private investor [...]
Home Lending Reverts Back To 1980s Standards As Real Estate Industry Suffers Hangover
Let’s face it, the past 10 years has been an aberration and real estate professionals are recovering from the hangover right now. For the longest time, 20 percent down and 15 or 30 year mortgages were the marketplace. Certain people qualified for government programs but that was the exception, not the rule.
Families saved for years for [...]
Case Shiller August 2008 Numbers - Financial Crisis Takes Toll
The Case Shiller numbers have come out for August and the residential housing market numbers are looking grim. The bright spots, Cleveland and Boston, were the only 2 positive cities month over month in the 20 city report, everyone else was down. San Francisco saw the biggest decline dropping 5.46 % last month.
The combination of [...]
Think USA Had a Real Estate Bubble, Check Out India
We are worried about the state of real estate and banking stocks traded on our exchanges, but our concerns are nothing compared to what happened Friday in India.
In one day the BSE Realty stock index fell 24%. One of the main stocks, Unitech dropped over 50%. The concerns in India are not that there [...]
London Sees The Popping Of Housing Bubble?
London has had a heck of a ride when it comes to real estate. The additional governmental intervention in New York has made London the center of finance for the world.
As such, real estate prices have tripled over the past decade. New statistics have show that the market has declined in the past year. But [...]
Top 10 Highest Risk Mortgage Markets
Out of the 100 largest markets in the country, those with the highest risk of mortgage defaults are in 3 states, California, Florida, and Arizona. But the segmentation of the market does not end there.
California holds 8 out of the top 10 spots on this ignoble list of mortgage mayhem. So when the pundits [...]
Miami Real Estate - It flew the highest and the farthest during the boom days, and now it is falling the hardest
The lament of South Florida real estate.
It is heard in the New York Times today as they discuss a new (old) phrase for real estate, sellers remorse. This describes sellers in severely declining markets who failed to accept an offer because they felt it was too low and are now realizing it is better than anything [...]
Trump Tower Tampa Declares Chapter 11 Bankruptcy
SimDag, developers of The Trump Tower Tampa, have filed for bankruptcy protection as the moribund Tampa condo market will not sustain the development of the 52 story project. Even Donald Trump who lent his name to the project, is suing SimDag to have his name removed from the project.
Of course for Trump, the lending [...]
Florida Boom And Bust Cycle Repeats Itself
The St. Petersburg Times writes a great article on how prone Florida is to the boom and bust cycle. Florida with it’s warm weather and beautiful beaches inspires the imagination and dreams of home buyers. But the unbridled optimism of the human spirit rises up every few years plays havoc with the 1920’s economy of [...]
5Jul2008 | Tom Royce | 0 comments | Continued
I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
I just found your blog and it's filled with great information. One of my goals this year is to update ...
Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
I like your blog and I have read many of your articles. I agree that it is amazing the ...
Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home ...
I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, ...
I have had great success using craigslist. Renters need to be careful and make sure they check out their landlord ...
This is the start of where the market can begin to level out.
Home owners will start to be able to ...
