Positive News On Real Estate » Positive Real Estate Brokerages

Biggest Bears Turn Bullish on Real Estate

admin — Tue, 28 Dec 2010 18:06:49 +0000

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Nouriel Roubini who is famously donned Dr. Doom for his dire predictions of the housing market has seemingly changed his outlook. Plunking down $5.5 million for a East Village Penthouse.

John Paulson is a multibillionaire hedge fund operator who made millions betting on a crash from sub prime mortgages. He just paid $3.85 million for his new luxury condo on Fifth Ave.

From http://kcmblog.com/2010/12/27/dr-doom-mr-bear-and-real-estate/

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Caribbean Condos with Guaranteed Income for Investors

admin — Wed, 04 Aug 2010 19:16:35 +0000

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Mexico’s beautiful Yucatan Peninsula hosts some of the oldest real estate on the continent, the 500 year old Colonial City called Merida, and it hosts the lavish newly developeing beachfront properties of the Caribbean. Eric Partney, associate broker at Mexico International, explains, “After
living in the Yucatan for 6 years I am still charmed by the diversity. My
clients love the old colonial homes in Merida but also want beachfront for
investment and retirement. I am now working with a new condo-hotel project
called ‘Sian Ka’an.’ This project is unusual in that you can buy a small
condo starting in the mid-$150,000 range and get a guaranteed income since
the Hotel Bahia Principe is leasing back the units for a minimum of 7 years.
This is an easy way to buy now with a guaranteed income plus have your own
piece of paradise in Mexico.”

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Miami-Dade Pending Home Sales Increase 40.5 Percent from a Year Ago

admin — Wed, 04 Aug 2010 17:14:59 +0000

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Total pending home sales in the Miami-Dade County increased 40.5 percent in July 2010, when compared to the July 2009 numbers. This real estate includes single-family style homes and condominiums. Even though the tax credit, which helped boost the South Florida real estate market, expired, Miamia-Dade Couny has shown impressive signs as it continues to strengthen.

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Middlefield Banc Corp. Reports Strong Second Quarter Earnings and Continued Asset Growth

admin — Wed, 04 Aug 2010 01:45:15 +0000

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Midfield banc Corp announced some positive numbers today. First of all, net income has risen 55.1% up to 715,000 dollars. Total assets have increased to 12.9 million dollars while net loans grew to 4.5 million dollars. “In the second quarter, Middlefield Banc Corp. again delivered a strong financial performance in an economic environment that continues to be extremely challenging,” stated Thomas G. Caldwell, President and Chief Executive Officer, “The results for the quarter continued to demonstrate solid performance on many fronts, including continued core deposit growth, an expanded net interest margin, and additions to our capital base.” He went on to explain “Our focus remains sharply on sound, fundamental banking practices designed to deliver excellence in customer service. By so doing, we will work to ensure an increase in value to our shareholders.”

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Top Ten Places to Live for Working Class Women

admin — Tue, 03 Aug 2010 23:35:45 +0000

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ForbesWoman just released the best cities for working women with children. It acknowledged crime rates, quality of schools, availability of quality healthcare, employment, and budget-friendly cost of living.

The list is:

Minneapolis-St. Paul, Minn.

Washington, D.C.

Boston, Mass.

Pittsburgh, Pa.

Baltimore-Towson, Md.

Denver, Colo.

Hartford, Conn.

New York

Seattle-Tacoma, Wash.

Buffalo-Niagara Falls, N.Y.

Source: ForbesWoman, Meghan Casserly (07/26/2010)

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NAR Supports the Growth of Small Businesses

admin — Mon, 02 Aug 2010 22:57:15 +0000

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“As the leading advocate for private property rights, NAR believes it is critical for Congress to act soon and to get capital flowing to small businesses and to the commercial real estate market,” Jim Helsel, treasurer of the National Association of Realtors, told the House Committee on Financial Services. He explained that raising the SBA loan limits and allowing the SBA 504 loans to be used to refinance property can help ease the liquidity crisis in the commercial sector. He went on to articulate that the NAR strongly supports the H.R. 3380 because it is projected to raise the credit union member business lending cap from 12.25 percent to 25 percent of total assets. Small regional and community banks make up for close to half of the small business loans issued in the United States. Needless to say, available credit unions increase the credit accessible by small businesses.
Source: NAR

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Great Numbers Give Great Message

admin — Mon, 02 Aug 2010 21:54:34 +0000

The 30-year fixed mortgage rate dropped to 4.54 percent, almost a full percent lower than the 5.25 percent of last year. Other positive signs prevail in the 15-year fixed rate which also hit a record low of 4 percent, smaller than the 4.69 percent from last year. Also, the five-year adjustable rate mortgage averaged 3.76 percent, better than the 4.75 percent from last year. To add, the one-year ARMs average 3.64 percent compared to 4.8 percent of last year.

Source: The Wall Street Journal, Nathan Becker (07/30/10)

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June Shows Strong Signs

admin — Mon, 02 Aug 2010 20:44:24 +0000

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New homes have risen 24 percent during the month of June compared to that of May. “The future is going to be dependent on job growth.” says Eric Green, chief market economist at TD Securities Inc. in New York.

Source: Bloomberg, Courtney Schlisserman (07/26/2010)

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Breckenridge and Summit County Co Real Estate Shows Recovery

admin — Wed, 28 Jul 2010 23:19:59 +0000

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From January through May 2010, the number of sales in Summit County real estate increased 20 percent, compared to the first five months of 2009. A Breckenridge ski-in, ski-out home sold in 2009 for a record $8.29 million. The most expensive residential Breckenridge land sold for $3.3 million in January 2010.

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DJSP Enterprises Acquires Timios, Inc.

admin — Wed, 28 Jul 2010 20:17:23 +0000

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DJSP Enterprises completed its acquisition of Timios, Inc. DJSP Enterprises is one of the largest providers of processing services for the mortgage and real estate industries. It now plans to leverage Timios’ best in class technology and paperless processes across the existing operations in Florida. “Completion of this acquisition represents a significant step forward in our quest to become the leading cyclical provider of products and services to the mortgage and real estate industries,” said David Stern, Chief Executive Officer for DJSP.

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