Nobody would question the size of Donald Trump's ego, but the size of his net worth is another matter.

In fact in his book, "TrumpNation: The Art of Being the Donald", New York Times reporter Timothy O'Brien claims Trump has greatly exaggerated his net worth and puts it at no more than $250 million.
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Trump is not pleased. If this were true he would no longer be a member of the billionaires club, and a serious blow to his reputation, not to mention his ego.

So he is now suing O'Brien and his publisher Warner Books for $5 billion in compensatory and punitive damages.

We all want to wish Mr. Trump the very best in this new venture.

According to a news release by Carolina Community College, effective April 1, 2006, North Carolina is getting rid of the real estate salesperson licence and making it mandatory that all licensees have a broker's licence. Three other states have already adopted this policy, and more will likely be coming in the future.

The College will be offering classes for new real estate students and upgrade classes for current licencees who will need to take more courses.

[...] Read more!

A recent study by National City Corp of the 299 major housing markets in the U.S. found that some of the most undervalued markets in the country are in Texas.

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So it is not surprising that Texas is bucking a national trend towards slower real estate estate activity across the country. Investors are flocking to the state when sales are slow in other areas.

[...] Read more!

According to local media, the new home real estate market in San Antonio continued to sizzle in 2005. In fact it was another record year in a decade that has brought nothing but consecutive record-breaking years. In 2005 there were 16,340 houses built. This shattered the previous record set in 2004 with an incredible 27 percent increase.

Homebuilders are barely keeping up. At year's end, there was a 36-day supply of finished houses. 2006 should be another record year, provided interest rates stay low and job growth continues, according to local analysts.

A big reason for the boom is the affordability of San Antonio homes. The 3rd quarter 2005 median home price in San Antonio versus other southwestern cities looks like this (yes, these numbers are correct!)

San Antonio: $137,600
Phoenix: $268,000
Las Vegas: $313,000
San Diego: $615,000

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Agents Aplenty as Market Cools Down

In many regions of North America the boom in real estate seduced many people to turn to real estate for a chance to cash in. For example, in Maryland, Virginia and the DC area, the number of licenced agents has almost doubled in the last six years. The Northern Virginia real estate association has been adding about 300 new agents every month. And across the US there was a record high 2.5 million agents by the end of 2004.

This has made the agent market much more competitive. And now that the market seems to be cooling, industry observers expect many newbies to soon leave the business.

As Susan Haskins, president of the Northern Virginia Real Estate Association said, "What you're seeing now are a lot of people coming into the business thinking they can make a lot of money quickly and easily. But they often have no idea of the hours that you have to put in, or the commitment. And they will not last very long."

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While many real estate experts predict a slight slowdown in real estate and mortgage activity during 2006, most also see steady gains, with continued economic growth and well-balanced supply/demand ratio in the housing market.

== Commercial Real Estate without Banks ==

Some of the factors driving the real estate market
[...] Read more!

Colliers International, the global real estate services firm, today (Dec 19) launched its 2006 Real Estate Forecast. According to the firm's research, the U.S. commercial real estate sector will enjoy another blockbuster year aided by considerable momentum going into 2006, which will continue to fuel growth in industrial, retail and office real estate.

"The U.S. commercial real estate sector will be remarkably strong as we move into the New Year," remarked Ross Moore, senior vice president and director of market and economic research for Colliers International. "Even if the economy grinds to a standstill tomorrow, we have enough momentum and inertia to carry us through until at least mid-year."

For a more complete look at the report see Collier's Forecast for 2006.

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Get Real Estate Leads - Real Estate websites that get leads.

Getting good search engine ranking boils down to these basic things...

1. Define your website's target audience. In the case of Real Estate sites the target audience is normally defined in terms of location. Make it very clear what location you are serving. Ask yourself "What search terms would someone use who is looking for my service?" Normally it will be something like "Real Estate in My Town" or "My Town Real Estate."

2. Focus your website's content on your target audience, and give them the kind of information they want. Usually this will be listings, information about your community, or general real estate information and services. Don't get bogged down with trying to present a cool "image", or impressing people with your accomplishments. People always want to know "What's in it for me?"

3. Keep your content fresh and updated. Make changes and additions on a regular basis. This keeps the search engines coming back to scan your new content.

4. Get external links from other websites. Links from other websites bring traffic, and also tell the search engines that your site is important enough to link to.

By using these and other similar techniques you can take advantage of the awesome power of the internet, and turn your website into a 24/7 lead generating machine.

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Wealthy Americans Confident Real Estate Boom Will Last

December 21, 2005 - In spite of worrying signs that the real estate market is slowing down, a survey of wealthy Americans indicates most remain confident property values will continue to appreciate.

In a survey conducted by The PNC Financial Services Group, Inc., 65% of those surveyed said they expect to see double-digit increases in value over the next five years. Almost 1 in 3 (31%) think they will see an increase of 20% or more.

According to Nicholas Buss, senior vice president of PNC, "as an investment, real estate has been an increasingly dominant asset class over the past five years... In general wealthy Americans have not been speculative buyers and they remain solidly confident in the long term..."

The survey of almost 1,500 wealthy individuals across the country showed significant regional differences. New Englanders were most conservative in their expectations; Californians were close to the national average; Floridians were twice as bullish as the average, reflecting the soaring property values of the last few years in their part of the country.

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The U.S. federal agency that regulates the activities of banks has recently allowed two banks to be involved in developing and owning two large commercial real estate properties.

The agency, the Office of the Comptroller of the Currency, a division of the U.S. Department of the Treasury, has normally restricted this kind of involvement because of fears that large banks could monopolize real estate markets and control rents. There has also been concern that the speculative nature of real estate investing could do harm to bank capital.

The approvals were granted to two unidentified banks. One involved a "new, mixed-use office building" and another was for a 150-room hotel to lodge the bank's out-of-town visitors. One of the banks in question is thought to be Charlotte, N.C. based Bank of America.

This may indicate more involvement in by banks in the real estate industry in the future.

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Throughout 2005, commercial real estate developers and real estate investors in the Orlando area have seen the same kind of impressive price increases as home owners across Florida.

One of the hottest segments of the market is the sale of apartments. Two of the Orlando area's largest apartment brokerages have done more than $ 2 billion in sales this year. It is expected that 20,000 apartments have changed hands and will be sold as condos in Orlando in 2005.

[...] Read more!

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Why You Should Rent To Live And Buy To Invest

Why you should Rent a place to live in and Buy a place for Investment - Did you know that in your Bank's Accounts "Your House" is placed in "Their Asset Book." That means that the house you own and live in, is a "Liability."

Rent Your Home; Don't Buy It;
That Seems A Provocative Thing To Say,
Don't You Think?

From the desk of Colm Dillon ...

Hello Colm here ...

So Why Do The Majority Of Us
Do The Exact Opposite;
We Buy & Don't Rent?

Countless articles have been written over the years on the wealth 'make up' of the richest people. While the percentage may vary depending on the individuals leaning, the real estate proportion will vary between 20% to 35%.
[...] Read more!

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5 Steps for Creating a Garage You Can Love - and Use

So, if we don't park cars in our garages, what do we use them for?

Based on nearly twenty-five years of assisting our clients in organizing homes and offices in North America, I can attest to the fact that a large percentage of garage owners consider their garage a convenient on-site storage facility, or major irritation, often an embarrassment. Not because of the age or condition of the car parked there, but because of the clutter - frequently moved from one garage to another.

Read the rest of 5 Steps for Creating a Garage You Can Love - and Use

Follow this simple step-by-step process to change your life, increase your income and have a successful business in Real Estate Investing. This article provides a 'how-its-done' look to maximize your results.

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Starting a business of real estate investing - whether you work out of an office or a 'home based business' you run out of a corner of your bedroom, you can drastically change your life, and your income in as little as 10 hours per week - all through a very simple plan of real estate investing.

Read the rest of Plan for Starting a Business of Real Estate Investing...

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