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Thursday, 14 September 2006 |
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A number of existing single-family homes sold decreased in about 10.38% in 2005. This was evident from 1,089 units to 976 units this year. The quarterly figures from Maine Real Estate Information System show. The median sales price for an existing single-family home in Cumberland County showed only a slight rise in the past quarter, compared to the same period in 2005, from $253,000 to $255,000. And real estate brokers say the inventory of homes on the market is way up. |
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Thursday, 14 September 2006 |
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Downward pressure on home prices is continuously experienced in inventories of unsold homes. This is in many parts of the US. Inventories of homes such as the 18 large metropolitan areas expand by 3.5% according to ZipRealty Inc. |
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Thursday, 14 September 2006 |
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NEW YORK--Americans nowadays find it difficult to pay their mortgages. This is because of higher rates and deteriorating housing markets. |
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Thursday, 14 September 2006 |
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CHICAGO-- Real estate investment does not immediately give a quick result, which was the usual promise of many who has been in this business for so long. But for investors willing to do some hard work, making a good purchase and proper management can make substantial rewards. |
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Wednesday, 13 September 2006 |
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A survey of 2,000 homeowners by the CAB found that 13% of under 24-year-olds had missed payments, with 4% of the total admitting to missing payments. Research from Citizens Advice estimates that 770,000 households have missed one or more payments, and the situation could become worse as interest rates rise. |
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Wednesday, 13 September 2006 |
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EDINBURGH ProLogis European Properties, a real estate fund that invests in industrial properties plans to raise as much as €829 million in an initial public offering. |
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Wednesday, 13 September 2006 |
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Tightening vacancy rates and rising rents are pouring funds into commercial sectors. Commercial real estate markets expect this. David Lereah, NAR's chief economist, said most commercial market fundamentals are solid. "Commercial real estate markets move in response to changes in fundamental demand, which remains solid as a result of sustained job creation and economic growth," he said. "Except for some weakness in the retail sector, the commercial market is benefiting from lower vacancies and higher rents." |
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Wednesday, 13 September 2006 |
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WASHINGTON, DC- Real estate allocations are increased in portfolios after many firms sold holdings in 2002-2003. This is to take advantage of high valuations, said the Commercial Real Estate Outlook of the National Association of Realtors. |
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Wednesday, 13 September 2006 |
News a couple of days say that real estate market is still dead. The percentage drop in existing and new home sales is in the double digits. Flyers are being stuck to front doors telling buyers they can move in for $1. This indicates that some builders are desperate to perk up sales figures.
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Wednesday, 13 September 2006 |
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Gannett News Service informs that Americans taking heavy mortgage loads leads to housing debt more increasingly. Almost half of all blacks and Hispanics who bought homes last year are paying above average mortgage rates. |
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Tuesday, 12 September 2006 |
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WASHINGTON - Black and Hispanic home buyers pay more for their mortgages than do whites, according to a Federal Reserve report released Friday. Federal Reserve reports that Black and Hispanics pay more for their mortgages. The Fed’s analysis of 2005 home lending data found that 54.7 percent of black borrowers paid a higher-than-typical interest rate on home mortgages. That was up sharply from 32.4 percent in 2004. |
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Tuesday, 12 September 2006 |
Homeowners are gearing up for another hike in mortgage rates after inflation rose to its joint highest level since Labour came to power nine years ago. The inflation hike was caused by increases in the price of games and toys, including a big upward contribution from computer games.
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Tuesday, 12 September 2006 |
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It’s estimated that roughly 20% of agents sell 80% of the homes on the market—leaving 1.3 million homes for the one million leftover agents. Roughly, it is estimated that 20% of agents sell 80% of the homes in the market. That leaves about 1.3 million homes for the one million leftover agents. |
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