Private investor acquires El Dorado Pointe apartment complex
An investor from the private sector standing for by Marcus & Millichap Real Estate Investment Services has acquired the apartment complex of El Dorado Pointe in Moreno Valley, California, for $23.075 million in general or $69,924 per apartment unit.
Mortgage interest rates increase again
As Treasury bond rates moved quantitiave easing above 3 percent in response to the finishing of quantitative easing by the Federal Reserve, mortgage interest rates rose up. The rate on a fixed 30-year mortgage increased to 4.60 percent that is a climb from a median of 4.51 percent a week ago, as to Freddie Mac reports. The rates on other housing loans increased as well.
Buy a house when the mortgage interest rates are low
If you are in the market for a home and you need to buy a house, you need to purchase it when the interest rates are low – and to the point, those mortgage interest rates increased a little already this week.
Buying price doesn’t matter. When it comes to how much you can afford for a house, the figure that actually is significant is what interest rate you can obtain.
Listing prices of rentals increased
Listing prices of rentals on a national scale increased 6.7 percent year-over-year in June, according to a survey from one of the real estate search sites.
The research was centered on the average listing prices of 500,000 rental units on one of the real estate sites across the biggest U.S. metro regions between June 2010 and June of the current year.
Mortgage interest rates jump causes a loan applications drop
An abrupt jump in mortgage interest rates produced a hold back in applications for loans for the first time in over two months, as the weekly survey of the Mortgage Bankers Association reports. The index met a drop in applications, bringing refinances to a freeze.
How to sell a home in a severe market
It’s a severe market of purchasers – and values of houses could plunge another 5 percent by year-end. The following tips are how to meet the quest quicker and cheaper.
Apartment market income grows this year
The apartment market segment of the U.S. went to a near-record income increase performance in the second quarter of 2011, as the first round results from MPF Research’s survey for the second quarter of 2011 of over 6 million apartment pieces across the nation.
To get a mortgage loan is problematic today
To get a mortgage loan can be problematic these days, thus even folks with near-ideal credit have been refused for mortgages. But for some blessed borrowers, things are not as sad as the doom-and-gloom multitude declares.
Rental prices are growing in most of the country
Home and apartment rental rates are growing and it seems rental prices are accelerating, as a study by an online real estate search firm revealed. The report, issued by HotPads.com shows that rental listing prices have grown a median of approximately 7 percent in 2010.
Home foreclosure process much more longer
Nowadays it takes much more time to process foreclosures of homes than ever.
In the last month of spring, as the real estate statistics firm reports, one in every 605 American homes received a foreclosure filing. That accounts 214,927 foreclosures.
