Home add your blog Archives Search Forum Contact RSS FEED

This site is an rss/xml news reader containing our favorite feeds. All articles are the copyrighted material of the blogs that wrote them.

Around the Globe

post from Realty 3.0 on 18 December 2009 10:17:34 AM. © Realty 3.0

The following comes form a major US trading desk Yesterday From support to resistance?to support?to resistance? Yesterday was notable more for gold?s decline than anything else, really. The precious metal was crushed, spot prices falling below $1100 per ounce briefly after opening at $1138, and the gold mining stocks really got hammered. The financials were in play, with Meredith Whitney casting doubt on the level of trading activity at Goldman Sachs and Morgan Stanley (those stocks lost -2....

Read The Full Article:
http://www.realty30.com/article/3520/Around-the-Globe

Digg this

23 Modern Solar Powered Mews in LA

post from Realty 3.0 on 18 December 2009 09:20:08 AM. © Realty 3.0

RLG Properties, Inc. recently announced this new single-family development in Atwater Village that takes advantage of the small lot ordinance in City of Los Angeles. With 23 homes under construction -- all of them will have 3 bedrooms, 2.5 bathrooms, and an open floor plan -- prices at The Mews start at $599,000. Designed by Corsini + Stark, green features include extensive daylighting, operable clerestory windows, natural ventilation, Grasscrete permeable paving, bamboo flooring, drou...

Read The Full Article:
http://www.realty30.com/article/3518/23-Modern-Solar-Powered-Mews-in-LA

Digg this

Short Sales: The New Necessity

post from Realty 3.0 on 18 December 2009 09:00:06 AM. © Realty 3.0

Short sale is definitely the new buzz word in real estate. In this difficult economy, more and more short sales are coming onto the market every day. Of course, the term is very misleading, for as most know, a and#8220;shortand#8221; sale can take a long time to complete. Is there a way to streamline the process? And should we bother? Are short sales here to stay, or just another passing trend in an ever-changing market? Cynda Rader blogs about the long and short of short sales. and#82...

Read The Full Article:
http://www.realty30.com/article/3517/Short-Sales-The-New-Necessity

Digg this

Million Dollar Homes Defaulting At Twice National
Rate

post from Housing Doom on 18 December 2009 09:00:00 AM. © Housing Doom

While first-time buyer credits and government backed mortgages have kept the moderately priced end of the housing market on life support, the same is not true of more expensive housing- especially in the million dollar plus range. A nearly frozen luxury market along with a tough economy means that more and more McMansion owners are going into default: [Hat tip T.P.!]

Dec. 17 (Bloomberg) — Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers.
“The rich aren’t as rich as they used to be,” said Alex Rodriguez, a Miami real estate agent with JM Group USA Inc., whose listings include a $2.9 million property marketed as a short sale because the price is less than the mortgage, leaving the bank with a loss. “People have reached the point where they can’t afford the carrying expenses of a $2 million home.”

These defaults are sure to keep a lid on lower priced homes. As million dollar homes become $500K homes, the homes that formerly appraised at $500K are going to go lower in value- and so on. These jumbo, prime or alt-A mortgages are sure to be painful to banks as well.

The higher dollar amounts make these homeowners difficult to bailout. They are also politically more difficult to bailout. Americans are already incensed at having to bailout so many people who live in more modest homes. They would be disinclined to bailout people who’s homes are so much more opulent than their own.

There’s a lot more pain to come in upper-end housing- and it’s not likely that the government can put on its shiny white armor and come to the rescue.

Abandoned Toll Brothers Home in Gilbert, AZ

Read The Full Article:
http://housingdoom.com/2009/12/18/million-dollar-homes-defaulting-at-twice-nation
al-rate/

Digg this

Los Angeles New Years Eve Events and Celebrations

post from Los Angeles Real Estate Blog on 18 December 2009 08:37:00 AM. © Los Angeles Real Estate Blog

New Years Eve is likely the most celebrated night of the year. If you do go out, don?t drink and drive! All metro buses and trains are free of charge throughout the night. Or Y Drive is a new service which drives your car home, your driver put his "completely sealed, no leak scooter in your trunk". *BurbankCastaway Restaurant, 7:00 P.M. - 1:00 A.M., $75.00 per Person (818) 843-5013 *Eagle RockADS 2010 New Year's Eve Celebration, 8:00 P.M. (562) 494-8858*GlendaleKatsuya, 8:00 P.M. - 2:00 A.M.*Long BeachAquarium of the Pacific, New Year's Eve Family Sleepover, December 30, ...

Read The Full Article:
http://los-angeles-real-estate-blog.com/2009/12/18/los-angeles-new-years-eve-even
ts-and-celebrations.aspx?ref=rss

Digg this

Walter Cronkites UN Plaza Co-op Listed for
$2,995,000

post from Realty 3.0 on 18 December 2009 08:11:59 AM. © Realty 3.0

The New York City co-op of and#8220;the most trusted man in Americaand#8221; and#8212; the late Walter Cronkite and#8212; is now on the market for $2.995 million. Cronkiteand#8217;s United Nations Plaza apartment is being listed by Joanna Simon, Cronkiteand#8217;s companion in his later years and the sister of singer Carly Simon, according to Curbed.com. Cronkiteand#8217;s Turtle Bay-area apartment is a south and west-facing unit and is and#8220;currently configured as a grand living/din...

Read The Full Article:
http://www.realty30.com/article/3516/Walter-Cronkites-UN-Plaza-Co-op-Listed-for-2
995000

Digg this

Sneakers, smartphones and software help to lift
the mood

post from Realty 3.0 on 18 December 2009 07:59:03 AM. © Realty 3.0

The 3 high profile earnings reports last night, NKE, ORCL and RIMM, all pr= ovided positive surprises and they are the main catalyst for the pre openi= ng rally. Today is also quad witch expiration and the S;P quarterly rebala= ncing. China is taking another step forward in cooling their property mark= et by requiring at least a 50% down payment on any purchases of land. This= follows a tax on the sale of homes made within 5 yrs of purchase. Also,= late yesterday Fitch said that Chinese banka...

Read The Full Article:
http://www.realty30.com/article/3514/Sneakers-smartphones-and-software-help-to-li
ft-the-mood

Digg this

Extended Unemployment Benefit Explosion!

post from Paper Economy - A US Real Estate Bubble Blog on 18 December 2009 07:35:00 AM. © Paper Economy - A US Real Estate Bubble Blog

While yesterday?s jobless claims report continued to show a steady trend down to both initial and continued unemployment claims with a nearly textbook peak shaping up, considering the federal extended claims data offers a more dire view of the state of the job market and of the economy as a whole.

Since the middle of 2008 two federal government sponsored ?extended? unemployment benefit programs (the ?extended benefits? and ?EUC 2008? from recent legislation) have been picking up claimants that have fallen off of the traditional unemployment benefits rolls.

Currently there are some 4.729 million people receiving federal ?extended? unemployment benefits.

Taken together with the latest 5.39 million people that are currently counted as receiving traditional continued unemployment benefits, there are just over 10 million people on state and federal unemployment rolls.

Read The Full Article:
http://paper-money.blogspot.com/2009/12/extended-unemployment-benefit-explosion.h
tml

Digg this

Foreclosures Looking Through The Eyes Of An
Expert

post from Real Estate Investing For Real | A BiggerPockets Investment Property Blog on 18 December 2009 07:15:09 AM. © Real Estate Investing For Real | A BiggerPockets Investment Property Blog

When it comes to experts in the foreclosure arena, there doesn’t seem to be a shortage. However, when you sort through the experts, only a few stand out.In an article on Yahoo, a gentleman named Peter Flint, CEO of Trulia, was interviewed. I would bet, from his perspective, he has a better handle on [...]

Read The Full Article:
http://www.biggerpockets.com/renewsblog/2009/12/18/foreclosures-looking-through-e
yes-expert-predictions/

Digg this

5 Near Free Social Media Monitoring Tools

When it comes to businesses leveraging the social web to communicate with customers and improve brand awareness, there?s some good news and thereand#8217;s some bad news. The good news: 86% of professionals have adopted social media in some way, according to a recent survey by Mzinga and Babson Executive Education. The bad news: A whopping 84% of survey respondents who?ve adopted social media don?t measure their social media programs. Even worse: 40% weren?t even sure they could monitor s...

Read The Full Article:
http://www.realty30.com/article/3513/5-Near-Free-Social-Media-Monitoring-Tools

Digg this