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Contract Talks Begin for 30,000 New York City Apartment Building Workers
- Building Owners See 28% Rise in Property Value While Building Workers Face 11% Rise in Cost of Living Over the Same Period of Time - - Strike Could Directly Affect More Than Three Thousand Apartment Buildings, Coops and Condos and One Million Residents - Negotiations for a new, multi-year contract began today between the Realty Advisory [...]
Continue reading...Worldwide Investments Recommends Overseas Property Investment in Brazil and Argentina
8. March 2010
Worldwide Investments, the UK’s leading overseas real estate property investment company, has announced new opportunities in Brazil and Argentina. According to spokesperson, Mrs. Anna Thompson, investors would be recommended to consider developing economies for growth opportunities as opposed to traditional markets. She says, “South American economies are especially developing well by comparison to mature economies [...]
Continue reading...MIPIM 2010: Expert Opinions on the Future of Real Estate
3. March 2010
The MIPIM 2010 conference programme will address the key issues facing international real estate today. MIPIM delegates will have access to leading specialists as they address the impact of national economic policies on real estate markets, how to integrate environmental criteria into buildings, the major architectural agendas for the future and investment opportunities in the [...]
Continue reading...Foreclosure Experts Claim Credit Card Reform Harming Housing Industry
24. February 2010
Foreclosure experts at USHUD.com and Heavy Hammer Inc. say the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009, which went into effect this week, is slashing into an already beleaguered real estate market. Michael Urbanski, CEO of USHUD.com and Heavy Hammer Inc., says credit card companies, in anticipation of this law becoming effective, have [...]
Continue reading...Real Estate Auctions Continue To Assist Serious Sellers
23. February 2010
Tranzon Integrated Property Group (”Tranzon”) has announced the closing of the Central Plaza Shopping Center, a 50,000 sq. ft. center on over 7 acres of land in North Branford, CT. During the short 5-week marketing period, Tranzon surfaced 230 interested bidders who self-qualified by filling out confidentiality agreements. From this group, 53 parties [...]
Continue reading...It’s Not the Sunshine: Why Snowbirds Become Floridians
8. February 2010
For many snowbirds lured to Florida, the biggest attraction is not the presence of sunshine. It’s the absence of Florida estate taxes. Many snowbirds who own homes in both New York and Florida are changing their domicile to Florida according to Attorney Allan R. Lipman who is licensed both in New York and Florida. These not [...]
Continue reading...Mortgage Rates Inch Lower
1. February 2010
The average conforming 30-year fixed mortgage rate fell for the fourth consecutive week, settling at 5.13 percent according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.49 discount and origination points. The average 15-year fixed mortgage dropped to 4.54 percent but the larger jumbo 30-year fixed rate moved higher to [...]
Continue reading...After the Near Collapse of Wall Street… What’s Next for the Real Estate Industry?
25. January 2010
2nd Annual International Real Estate Capital Markets Conference In light of the current challenging economic conditions for real estate capital markets, Columbia Business School and Goodwin Procter LLP have partnered to present the 2010 International Real Estate Capital Markets Conference on Jan. 29, at the TimesCenter, 242 West 41st Street, N.Y. (agenda follows). The keynote speaker will [...]
Continue reading...Mortgage Rates Down for a Third Straight Week
22. January 2010
The average conforming 30-year fixed mortgage fell again this week, to 5.15 percent according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.45 discount and origination points. The average 15-year fixed mortgage dropped to 4.56 percent while the larger jumbo 30-year fixed rate retreated to 5.93 percent. Adjustable rate mortgages [...]
Continue reading...Mortgage Rates Move Lower
11. January 2010
The average conforming 30-year fixed mortgage decreased this week to 5.26 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.43 discount and origination points. The average 15-year fixed mortgage fell to 4.67 percent while the larger jumbo 30-year fixed rate inched lower to 6.14 percent. Adjustable rate mortgages [...]
Continue reading...Commercial Real Estate Loan Prices Rise in November
7. January 2010
Values Increase Modestly After Declining in October The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralizes CMBS increased to 77.7% as of November 30, 2009 from 76.9% as of October 30, 2009. The aggregate value is down from 81.3% as of January 30, 2009. “Loan prices in the CMBS universe rose modestly [...]
Continue reading...US Department of Housing and Urban Development Releases Latest Version of Shopping For Your Home Loan
4. January 2010
HUD Booklet advises real estate buyers to search for an agent who will represent their interests in real estate transaction In its first revision in over 10 years, the US Department of Housing and Urban Development (HUD) advises home buyers that it is their responsibility to search for a real estate agent that will represent their [...]
Continue reading...Mortgage Rates Rise for the Fourth Consecutive Week
25. December 2009
The average conforming 30-year fixed mortgage increased this week to 5.24 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.45 discount and origination points. The average 15-year fixed mortgage moved higher, to 4.62 percent while the larger jumbo 30-year fixed rate inched upward to 6.16 percent. Adjustable rate [...]
Continue reading...Experts Say Commercial Property Woes Only Beginning
22. December 2009
While Commercial Real Estate Continues to Crash, One Company Seeks to Relieve Commercial Property Owners According to industry experts, the commercial real estate market (which includes shopping centers, strip malls, apartment buildings, office buildings and warehouses) is due to suffer the same fate as the recent collapse of the housing market only worse. Commercial research provider [...]
Continue reading...Home Buyers Use Text Messaging To Receive New Foreclosure Listings On Their Cell Phones
18. December 2009
LAForeclosureFinders.com Uses iVisionMobile.com Text Messaging Software To Deliver Foreclosure Listing Information To Prospective Home Buyers’ Cell Phones A real estate company focusing on San Fernando Valley foreclosures and short sales, announced today that it has started using text messaging software to communicate with prospective real estate buyers and push new foreclosure listings to their mobile phones. [...]
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10. March 2010
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