Blogging Broker

Your Own Private Hydrogen Power Station

Lazarus — Thu, 11 Feb 2010 07:03:01 +0000

Very interesting.

The Big Picture » Blog Archive » Your Own Private Hydrogen Power Station.

Silicon Valley’s Commercial Real Estate Glut – BusinessWeek

Lazarus — Fri, 08 Jan 2010 22:13:29 +0000

Imagine 15 Empire State Buildings, all of them sitting empty. That real estate broker’s nightmare comes to more than 43 million sq. ft., which is how much commercial space stood vacant in Silicon Valley as of the end of the third quarter, according to CB Richard Ellis Group (CBG)

Read the entire article HERE

In New York Commercial Real Estate, News Is Bad or Worse – NYTimes.com

Lazarus — Fri, 08 Jan 2010 22:09:24 +0000

There are 920 football fields of available office space in Manhattan. More than 180 major buildings totaling $12.5 billion in value — from Columbus Tower at 1775 Broadway to the office tower 400 Madison Avenue — are in trouble, meaning in many cases they face foreclosure or bankruptcy, or have had problems making mortgage payments. Rents for commercial office space fell faster over the past two years than in any such period in the last half century.

via In New York Commercial Real Estate, News Is Bad or Worse – NYTimes.com.

Chinese Drywall Has Left Tens of Thousands of Homeowners Out of Options

Lazarus — Wed, 06 Jan 2010 04:23:03 +0000

Well, fecal coli in drywall can’t be good. They will be YEARS dealing with this crap. (no pun intended)

Chinese Drywall Has Left Tens of Thousands of Homeowners Out of Options.

Servicers, White House Point Fingers as Foreclosure Plan Fails « The Washington Independent

Lazarus — Tue, 05 Jan 2010 00:39:29 +0000

According to Treasury Department figures, nearly 700,000 trial modifications under Making Home Affordable were underway by the end of November. But with fewer than 32,000 converted to permanent modifications, it means a net drop of permanent loan modifications since the Obama plan began.

Servicers, White House Point Fingers as Foreclosure Plan Fails « The Washington Independent.

What Happens To My Credit If I Do A Short Sale?

Lazarus — Wed, 23 Dec 2009 19:50:11 +0000

HUD has issued a mortgagee letter to lenders and underwriters explaining that effective immediately, borrowers in default on their mortgage at the time of a short sale or pre-foreclosure sale will not be eligible for a new Federal Housing Administration (FHA) -insured mortgage for three years.

Distressed Short Sellers Locked our of FHA Loans

Read the entire article here

Randy McAtee: 10 Things to Know About Real Estate in 2010 – Yahoo! News

Lazarus — Wed, 23 Dec 2009 19:42:57 +0000

“But while the 2010 outlook appears inviting, there’s one key catch. “You need to have a stable job,” says Mark Zandi, the chief economist of Moody’s Economy.com.”

Ya think?

Read the entire article here:

10 Things to Know About Real Estate in 2010 – Yahoo! News.

Home resales in West post 30 percent annual gain

Lazarus — Wed, 23 Dec 2009 01:02:51 +0000

What I find interesting is that even where home sales have increased the most prices are DOWN significantly:

“Biggest sales gain: Sales in Boise more than doubled from a year ago. But the metro’s median home price declined versus a year ago by almost 19 percent to $137,990.”

Fresno housing market has foreclosures, but remains tight – USATODAY.com

Lazarus — Wed, 16 Dec 2009 00:45:16 +0000

The housing market in Fresno is still fraught with foreclosures, posting the nation’s 15th-highest rate in the third quarter, according to RealtyTrac.com.

That means the market there is saturated with available homes, right? Not quite.

read the entire article here

Bad MLS Pics of the Day

Lazarus — Tue, 08 Dec 2009 20:01:00 +0000

Havent done this for awhile but couldn’t resist. Got these via email about an hour ago:

This means there is a shower:

This is the shower door

NO explanation needed – this is a room

This is a _________________ (fill in the blank if you know)