Breckenridge and Summit County Co Real Estate Shows Recovery
July 28, 2010 by admin
Filed under Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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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.
July 28, 2010 by admin
Filed under Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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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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Portland Ranks 6th in Impressive Index
July 28, 2010 by admin
Filed under Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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Portland, Oregon ranks 6th of the 20 cities tracked by Case Shiller. The index reveals that a dollar invested in the Portland real estate market would be worth $1.47. That is a 47% return on each dollar invested. DC, Los Angeles, New York, San Diego, and Boston place among the top five with Washington DC’s impressive 82% return.
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Starwood Hotel Eyes New York City
July 27, 2010 by admin
Filed under Positive Real Estate, Real Estate Articles
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The company’s NYC boom will result in 18 high-caliber Starwood hotels including the debut of Starwood’s two newest brands in Manhattan — Aloft and Element. The company’s bullish focus on NYC is illustrative of its meaningful global growth strategy — Starwood is on track to open more than 80 hotels in key markets around the world this year. The move is also said to create over 500 hundred new jobs and increase tourism to New York City.
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Reinsurance Group of America Reports Second-Quarter Results
July 27, 2010 by admin
Filed under Mortgages, Positive Real Estate, Real Estate Articles
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Recent statistics reveal that Reinsurance Group’s net income grew substantially from 176 million to 249 million dollars. Consolidated premiums also grew 15% to 1,582.0 million. A. Greig Woodring, president and chief executive officer, commented, “We are pleased to report a solid quarter with good premium growth and operating earnings in line with our expectations. Our book value continues to rise with stable earnings contributions and a strengthening investment portfolio. During the quarter, our net unrealized gain position improved by $217.5 million and our book value increased $277.3 million, up 7 percent on a per-share basis, to $60.73 per share.”
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Strong Gains in Home Sales in all Counties of The Metro Chicago Real Estate Market
July 27, 2010 by admin
Filed under Home Resales, Mortgages, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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The first half of 2010 yielded substantial gains in home sales activity in nearly every portion of the seven-county metropolitan Chicago real estate market, with Kane County leading the way, according to an analysis of sales data by RE/MAX. Sales of detached and attached homes in the metro area rose to a combined total of 38,053 units, a 35 percent increase over the 27,757 sales recorded in first half of 2009. Home sales in Kane County increased 61 percent, with 2,523 homes changing hands, compared to 1,564 sales during the first six months last year. Sales of detached homes in Kane rose 62 percent to 2,058 units and sales of attached homes climbed 59 percent to 465 units from the same period in 2009.
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California Leads the Way
July 26, 2010 by admin
Filed under california, Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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Berkeley, California homes lead the country in homes sold above the asking price, about 108% above the asking price. Seven of the top ten zip codes with homes sold above the asking price where in California.
Berkeley, California homes lead the country in homes sold above the asking price, about 108% above the asking price. Seven of the top ten zip codes with homes sold above the asking price where in California.
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Impressive June Numbers
July 26, 2010 by admin
Filed under Florida, Home Resales, Mortgages, Positive Real Estate, Real Estate Articles
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Tampa Bay area homes sales have increased significantly in June 2010. 3,226 homes were closed, four hundred more than this time last year. Condo sales have grown, as well. In the Tampa Bay area, condos ha sales have gone up 38% compared to a year ago.
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Four Consecutive Quarters of Profit and Growth – 1st Capital Bank Announces its Unaudited Financial Results
July 23, 2010 by admin
Filed under california, Investors, Mortgages, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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1st Capital Bank announced its impressive fourth consecutive quarter of profit and growth today. The bank has continued to grow in asset size and has expanded its market share in Monterey County. “The three months ended June 30, 2010 represent the fourth consecutive quarter of profitable operations for 1st Capital Bank,” said Fred Rowden, President and CEO of 1st Capital Bank. In addition, net income recorded for the quarter ended June 30, 2010 increased $187,000 (1169%) to $203,000, compared to $16,000 for the trailing quarter ended March 31, 2010.
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OceanFirst Financial Corp. Announces Growth in Deposits, Loans, Revenue and Earnings Per Share
July 23, 2010 by admin
Filed under Investors, Mortgages, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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OceanFirst Financial Corporation announced that their diluted earnings per share increased 3 cents from $.24 to $.27. To add, deposits increased $158.9 million during the last quarter, of which $156.6 million was in growth core deposits. Furthermore, total revenue increased to $23.3 million for the quarter.
