Tom's Blog

January 2010 - Posts

• Even the wealthy are having mortgage troubles...

  Believe it or not, the most wealthy borrowers are having many of the same mortgage issues that plague the industry. According to Les Christie of CNNMoney.com , 12% of U.S. mortgages of $1 million or more were late in the fall, which is twice the rate Read More... Posted Thursday, January 21, 2010 4:35 PM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Finances, Buyer Information

• Does remodeling pay off?

  In 2009, homeowners recouped an average of 63.8% of the investment in 33 different home improvement projects according to REALTOR Magazine . The cost recoup was down from previous years, but in line with the national decline of home prices. The majority Read More... Posted Tuesday, January 05, 2010 11:18 AM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Announcements, Industry, Finances, Buyer Information, Seller Information