Foreclosures Drop 27%
March 15, 2011 by admin
Filed under foreclosures, new homes, Real Estate Articles
Image by Getty Images via @daylife
This is the biggest drop ever in history!
Meanwhile New home sales is driving much of the current home sales and helping to end the housing slump.
“Existing home sales produce some economic activity but it pales in comparison with new home sales,” said David Crowe, the chief economist for the national Association of Home Builders. “We calculate that for every 100,000 homes built, it creates 150,000 construction jobs but another 150,000 manufacturing jobs building refrigerators, furniture and other products.”
http://money.cnn.com/2011/03/10/real_estate/february_foreclosure_realtytrac/index.htm
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Texas Hill Country Real Estate Market Remains Steady; Boosting Horseshoe Bay Home Values
September 7, 2010 by admin
Filed under Real Estate Articles
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Horseshoe Bay, TX
The real estate woes which are affecting most of the country today seem to have missed central Texas and the Hill Country. Sales in Austin and the Highland Lakes communities, including Horseshoe Bay homes for sale and Lake LBJ real estate, remain brisk and steady.
Horseshoe Bay ONE Real Estate, Inc. announces its location on 112 acres of land located in Horseshoe Bay, TX. This tract fronts on two major arteries that are currently being engineered as a mixed use development. The commercial tract is poised for significant growth in the Horseshoe Bay real estate market. The property boasts a new veterinary clinic plus a retirement development that is currently under contract.
Horseshoe Bay ONE Real Estate combines resources with Burget, Derrick & Associates to create a formidable team of experienced Horseshoe Bay agents and support crew.
According to a Forbes report based on IRS data, an increasing number of wealthy Americans are moving to Llano County Texas. This area ranked in the top four national destinations for wealthy investors seeking waterfront properties and ranches, is leading the market for smart investment choices. Texas has the forth lowest tax burden in the country and great year round weather. “Whether investors are looking to find Llano County Ranches or Horseshoe Bay lakefront homes, home buyers will experience a positive and profitable, long-term growth trend,” comments Art Snell, President of Horseshoe Bay ONE Real Estate.
Horseshoe Bay, located 35 miles west of Austin, TX, is planning for significant growth that is predicted over the next five years. The city of Horseshoe Bay is located on the shores of Lake LBJ, a constant level lake and is the home of Horseshoe Bay Resort blessed with three world class golf courses and Jack Nicklaus is building a forth slated to open in November. In addition Escondido, a private club, is located in Horseshoe Bay provides a fifth course touted as one of the finest courses in Texas.
With the increased growth seen in the local real estate market, Horseshoe Bay ONE Real Estate is on the path of progress and growth that is unique to most real estate markets in the country. Buyers are forsaking Wall Street for real estate and opportunities abound in this market. For additional information and opportunities about Texas Hill Country real estate or Horseshoe Bay TX homes, please visit www.hsbONE.com.
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Mortgage Refinancings Soar to Highest Level Since May 2009
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The Mortgage Bankers Association said Wednesday its refinancing index jumped 17% to 4676.70 in the week to Wednesday, soaring to the highest since May 2009. The four-week average increase rose to 3.2%. This abrupt spike is a sign that mortgage rates have fallen far enough to incentivize a new wave of refinancing from homeowners. According for Freddie Mac, the average rate for a 30- year home loan dropped to 4.4A% last week.
This wave could also be a great sign for the U.S. economy as a whole, not just the housing market. Morgan Stanley estimates that if 50% of mortgages in mortgage-backed bonds are refinanced, it would free up $46 billion a year for consumers. $46 billion is more money than the last extension of unemployment benefits.
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Housing Market Boast Brilliant Numbers
August 4, 2010 by admin
Filed under Home Resales, Investors, Mortgages, Positive Real Estate, Real Estate Articles
- Image by Getty Images via @daylife
New home sales jumped 23.6% in June to an annual rate of 330k compared to market expectations for a somewhat smaller increase to a rate of 320k. Also, the S&P/Case-Shiller 20-city home price index increased 0.5% in May from April and 4.6% from May one year ago. This was the second monthly increase and the fourth year-over-year gain in home prices. 15 of the 20 metro areas tracked by this index showed monthly price gains.
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Middlefield Banc Corp. Reports Strong Second Quarter Earnings and Continued Asset Growth
August 4, 2010 by admin
Filed under Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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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
August 3, 2010 by admin
Filed under Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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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
August 2, 2010 by admin
Filed under Home Resales, Investors, Mortgages, NAR, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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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
August 2, 2010 by admin
Filed under Home Resales, Mortgages, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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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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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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.”
