Condominiums have been the easiest way to get a foothold into the housing market for many first-time homebuyers, a pit stop on the way to a dream home.
Continue reading… “Price gap between homes and condos at record level”
Is the realtor an endangered species?
So far real estate brokers have done very well in the Internet era.
Last month, around 18,000 people gathered in New Orleans to look at the future of real estate brokerage. Inside the massive Ernest N. Morial Convention Center booth after booth at the 2014 Realtors Conference & Expo extolled the joys and efficiencies of the new electronic economy and the technologies which can make brokers and lenders more efficient and profitable.
Continue reading… “Is the realtor an endangered species?”
‘Bitcoin Jesus’ promises the rich a tax-free paradise
‘Bitcoin Jesus’ – Roger Ver
In the workd of cyber-currencies, Roger Ver is known as “Bitcoin Jesus.” Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes. Ver is an ex-U.S. citizen, ex-convict, millionaire investor, self-described libertarian and founder of Passports for Bitcoin.
Continue reading… “‘Bitcoin Jesus’ promises the rich a tax-free paradise”
Are McMansions making a comeback?
Will the McMansion ever die?
The McMansion with a giant SUV parked in the driveway were pretty much the epitome of middle class excess during the housing bubble. Then gas prices spiked, the crash came, and both houses and cars shrank a bit as Americans turned thrifty.
Continue reading… “Are McMansions making a comeback?”
The apocalypse that wasn’t
Raymond Alvarez: A strange thing happened on the way to the real estate apocalypse. It didn’t happen.
Pundit and journalist alike had everyone looking the wrong way. But, who can blame them? How can you ignore the plethora of foreclosure signs on the way into the office? It turns out they weren’t looking hard enough for more signs.
Continue reading… “The apocalypse that wasn’t”
Wall Street investors buying up distressed area single family homes
Hedge funds, Wall Street investors and other institutions are crowding out individual home buyers.
Wall Street investors are pouring unprecedented amounts of money into real estate hard hit by the housing crash, bringing those moribund markets back to life but raising the prospect of another Wall Street-fueled bubble that won’t be sustainable.
Continue reading… “Wall Street investors buying up distressed area single family homes”
Federal government knows very little about properties it owns
The federal government is the country’s largest holder of real estate.
According to a report from the Government Accountability Office, the federal government knows very little about some of the properties it owns.
Continue reading… “Federal government knows very little about properties it owns”
Jobs that became a thing of the past in 2011
The Postal Service has considered canceling Saturday delivery, closing post offices and laying off some of its 280,000 workers.
The newest generation of of tech-savvy workers grew up hearing that the jobs they would hold as adults hadn’t even been invented yet. No one mentioned that the jobs they had come to think of as permanent might become a thing of the past.
Continue reading… “Jobs that became a thing of the past in 2011”
Home ownerships hits new lows as home prices fall more than expected
Foreclosures are ramping up again, prices are coming down again.
Home prices in the U.S are right back where they were at the beginning of 2003. The effect on home ownership could continue for decades to come.
Continue reading… “Home ownerships hits new lows as home prices fall more than expected”
Teen entrepreneurs thriving in the real estate market
The downturn in housing has devastated some markets which has lead to some industry professionals choosing different careers. But there are some young entrepreneurs who are bucking the trend and chasing their real estate dreams.
Continue reading… “Teen entrepreneurs thriving in the real estate market”
AltaShot – high altitude real estate photography without a helicopter
Featured invention at the DaVinci Inventor Showcase 2o11
AltaShot is excited to offer a unique new advertising tool that showcases your entire property by providing an elevated photograph without the need of a helicopter.
Continue reading… “AltaShot – high altitude real estate photography without a helicopter”
18% of Homes in Florida Are Vacant
The worst-hit county in Florida is Collier — home of Naples — with a whopping 32% of homes empty.
It’s not always easy to feel sorry for sunny Florida. But it just got hit with another blow. The Census Bureau revealed that 18% — or 1.6 million — of the Sunshine State’s homes are sitting vacant. That’s a rise of more than 63% over the past 10 years.
Continue reading… “18% of Homes in Florida Are Vacant”
