Posts Tagged ‘year’
While the real estate market faces a tough uphill battle, there are some signs that suggest a more optimistic future. Home prices are at record lows when measured against disposable income, 30-year mortgage rates fell as low as 4.25%, and existing home sales were better than expected going into the...
Tags: 30 year mortgage rates, battle, disposable income, estate, existing home sales, future, future home, home, income, market, mortgage, real estate market, record, record lows, signs, uphill battle, year, year mortgage
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A doubling of apartment sales in May, compared to a year ago, gives evidence of a turnaround for Manhattan's real estate market. The Financial District is leading the surge, but this rebound has not yet been reflected in rents. The price for apartments is up as well, with REO and foreclosure sales at...
Tags: apartment, apartment sales, apartments, doubling, estate, Evidence, Financial District, foreclosure, foreclosure sales, Manhattan, market, May, price, real estate market, rebound, rents, REO, s real estate, surge, turnaround, year
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While property sales volume in Kuwait more than doubled in the second quarter, over the same period last year, the news is less spectacular considering 2009's dismal activity level. The buying spree in residential and investment property didn't carry over into commercial real estate, and loan levels...
Tags: activity, buying, buying spree, commercial real estate, estate, investment, investment property, Kuwait, level, loan, news, period, property, quarter, sales volume, second quarter, spree, volume, year
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Loan originations for commercial and multifamily properties grew significantly during Q2 of 2010 from Q1, but levels were flat compared with the same period last year. While interest rate are extremely low, borrowing levels remain low due to low sales volumes, depressed property values and...
Tags: borrowing, due, interest, interest rate, loan, loan originations, multifamily properties, nbsp, period, property, property values, q1, q2, rate, year
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Although foreclosure rates in the hardest-hit US metro areas fell compared to last year, in 75% of major markets foreclosure activity increased as jobless woes persist. Metro markets in Florida and California dominated the foreclosure chart, but Las Vegas still holds the top spot. See the following...
Tags: activity, California, chart, Florida, foreclosure, foreclosure rates, Las Vegas, metro, metro areas, metro markets, spot, US, Woes, year
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US home prices are expected to take years to recover, and will likely continue declining through 2010, despite posting a slight gain in the first quarter of the year. Housing prices in Nevada, Arizona and Florida are expected to post double-digit declines from Q1 of this year through Q1 of 2011. See...
Tags: Arizona, declines, first quarter, Florida, gain, home, housing, Nevada, q1, quarter, US, year
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In an unprecedented offer that should give a boost to the beleaguered state, homebuyers in West Virginia will get the chance to apply for zero-down, 3.5 percent 30-year fixed-rate mortgage loans. Funds for the Housing Development program come from a $35M bond, and are limited to the first 280 eligible...
Tags: bond, boost, chance, Development, fixed rate mortgage, fixed rate mortgage loans, homebuyers, housing, housing development, mortgage, offer, percent, program, State, West Virginia, year, year fixed rate mortgage, year fixed rate mortgage loans
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Second-Quarter Loan Originations Flat Year Over Year, Says MBA
Tags: loan, loan originations, MBA, Originations, quarter, Second, second quarter, year
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In line with expectations of economists, housing prices rose more than 4% in May 2010 over the previous year. Industry analysts warned that the rise in prices could be due to the residual effect of the federal first time homebuyer tax credit and strong seasonal trends, and that the outlook for the housing...
Tags: credit, economists, effect, homebuyer, housing, industry, industry analysts, line, May, outlook, previous year, residual effect, rise, seasonal trends, tax, tax credit, time, time homebuyer, year
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The US housing market surprised experts by posting stronger new home sales in June, paring just over a month from the current inventory compared to May. The unexpectedly robust showing follows dismal activity in May, while still well below last year's volume. See the following article from HousingWire...
Tags: activity, article, home, housing, HousingWire, inventory, June, market, May, month, new home sales, showing, US, us housing market, volume, year
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