What is a Fixture? Real Estate Term of the Week

by Jay Thompson on January 28, 2006

=====Simply put, a fixture is something that is permanently attached to real property (a house). Things such as ceiling fans, chandeliers, towel racks, built in shelves, carpet etc. Fixtures are always included in the sale of a home. The owner of a home can’t unbolt everything connected to a home before you take possession.Granted, a ceiling fan isn’t really “permanent”. … [Read more...]

Bubble Mania

by Jay Thompson on January 21, 2006

========== "Bubble Mania" --- it's here. You can't escape it. Bloggers around the world post something on "The Real Estate Bubble" every hour. Just Google "real estate bubble" and in 0.30 seconds, Google will return 455,000 results. In 0.14 seconds, you'll get 1,750,000 results for "housing bubble". At this moment in time, there are 596 bubble related news stories that can be found on … [Read more...]

Largest Land Deal in Arizona History

by Jay Thompson on January 14, 2006

========== The DaimlerChrysler Proving Grounds just northwest of Phoenix have been sold. If you've never been by this place, it's HUGE (almost 5,500 acres). Selling price? A cool $312 million dollars. Who would buy a hunk of land for $312,000,000? Who else but real estate developers/builders. Toll Brothers, Meritage Homes and Simon Property Group got together and bought … [Read more...]

Most Overvalued Housing Markets

by Jay Thompson on January 11, 2006

===== Normally I don't just repost straight news stories. But I thought this one had some interesting data. So here it is. From CNNMoney.com.... Link to original article Most Overvalued Housing Markets Latest analysis of 299 markets: See how your hometown ranks. By Les Christie, CNNMoney.com staff writer January 3, 2006: 2:33 AM EST NEW YORK (CNNMoney.com) - Sixty-five … [Read more...]

New Real Estate FAQ, and HOW BOUT THOSE LONGHORNS!

by Jay Thompson on January 8, 2006

Greetings and Happy New Year! First, I must say CONGRATULATIONS to the University of Texas NATIONAL CHAMPION Football team!! As a former UT student, I must say that was one heck of a season, punctuated by a stunning game against USC. I only wish I was back in Austin the night they lit the UT tower in brilliant burnt orange... … [Read more...]