news: The sky is falling... and the bubble is coming...
- 09/25/07 02:46 AM
Sorry to disappoint. I picked up a story today about a "Bubble Blogger" in San Fransisco. I actually enjoyed the article. Here is the link. I have read a few of these bubble blogs in the last couple of years. Some are quite educated, and others are just rants. I actually haven't read this particular blog, although I will be putting it on my reading list. I just wanted to talk about the news story... First, was it a slow news day in San Fransisco? Was there nothing else negative happening in real estate for the paper? The reason I say … (8 comments)
news: Market update for Gwinnett County, August 2007
- 09/18/07 04:12 AM
It time for me to make my prognostications for the coming market, while recapping that which has happened. Please keep in mind that even on the 18th of September, the numbers for August WILL change. I will come back and correct them before posting the October results. I originally posted the June number on July 10th, and they had changed pretty significantly by August 6th when I reviewed and corrected them. The numbers for August, even this late in the month don’t look like they can be complete. If the numbers hold up, the market took a dramatic down-turn in August. … (2 comments)
news: Closing Firms facing tough choices
- 08/17/07 02:03 AM
One of my lawyer friends forwarded a story to me yesterday. He isn't involved in real estate law, but thought I might like to know what was going on. I won't copy the whole article here, but unfortunately I can't find it online in a format that doesn't require a subscription. <snip> JPMorgan Chase, stopped financing the company around the end of July, HomeBanc could no longer provide funds on the mortgages it had sold. That caused a big problem for some lawyers: HomeBanc had already issued checks to these lawyers, who then disbursed the money to sellers, real estate agents, … (3 comments)
It time for me to make my prognostications for the coming market, while recapping that which has happened. Please keep in mind that even on the 10th of August, the numbers for July WILL change. I will come back and correct them before posting the September results. I originally posted the June number on July 10th, and they had changed pretty significantly by August 6th when I reviewed and corrected them. I see a solidification of some of the trends that I pointed out last month. Listings are up vs. … (0 comments)
news: Eminent Domain Abuse...
- 08/09/07 09:33 AM
This should be one of the keystone and defining issues for the NAR. I know that the NAR and some of the state associations are working (too) quietly to curb governmental abuses of the Power of Eminent Domain. If you are unfamiliar with Eminent Domain, it is the power that governments of various levels have to condemn private property for public usage. Don't be thrown off by the word condemn, it has needn't have anything to do with condition of the property. Some examples of non-condition related, proper eminent domain would be property needed to build or expand roadways, public schools, … (2 comments)
news: Cobb County restricts population density in homes
- 07/31/07 07:28 AM
I just saw a clip on Fox News (please don't whine about the source) that Cobb County has passed a new regulation limiting the number of adults living in a home. The basic restriction is that there needs to be 390 square feet for each adult. They also limited the number of unrelated adults in a particular household to two. The Cobb County Commission says this is the keep property values higher by reducing stacking and de facto rooming houses in the county. Some activists are complaining that this is aimed at latinos and illegal aliens. We'll see how long it … (4 comments)
news: DeKalb County Limited Building Moratorium
- 07/31/07 02:41 AM
I just received this from Jenna Graber, the DeKalb Association of REALTORS PR person. It was forwarded from the Greater Atlanta Home Builders Association. Quoted as follows: On Tuesday, July 24, the DeKalb County Board of Commissioners adopted a 30-day moratorium on the issuance of certificates of appropriateness, land disturbance and building permits respectively for non-conforming multiple lots of record held in common ownership. The moratorium only impacts these properties and does not prevent a landowner from rezoning land. The county will seek to amend this process so newly created lots are not smaller than those currently allowed in the existing zoning … (0 comments)
Sorry to disappoint. 
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