October 04, 2013 By mortgage
October 03, 2013 By mortgage
October 02, 2013 By mortgage
October 01, 2013 By mortgage
September 30, 2013 By mortgage
Sell your home fast
Underprice it from the start. If you list your home for at least 10% less than it’s worth, you’ll often sell it for 10% more. Buyers notice a house that’s underpriced: They’ll take it by storm and drive up the price with a bidding war.
Summer rentals in the Hamptons have touched a new high. According to brokers who are active in the region and deal with clients on a regular basis, at least half a dozen estates and homes in the Hamptons that are available for renting cost around $1 Million and that too for the summer months. The rate is astounding in the sense that it comes out to $9,803 per day or $408 per hour. Utility bills and other charges that could run into thousands are not included in this price listing.
EAST RUTHERFORD, NJ – Ben Lowy of Ocean Twp., N.J., has joined commercial real estate services firm Cushman & Wakefield, Inc. as a sales associate. He is working in the firm’s East Rutherford office as part of an office leasing team headed by Peter Hamburger and Walter Schoenberg – two seasoned professionals and long-time Cushman & Wakefield brokers.
The tight and highly competitive net lease market may see a slowing of activity due to a recent rise in interest rates, a trend that some expect to continue for some time to come. The rate for the 10-year Treasury note has been rising since mid-May, swaying the dynamics of net lease transactions. In the past few decades, hikes in rates have been relatively rare and brief.
The 15th-floor penthouse at the Residences at W Hollywood in Los Angeles is on the market for $45 million. The 25,000 sq. ft. penthouse has four bedrooms, eight bathrooms and 340-degree views of the Hollywood Hills, downtown Los Angeles, Century City and the ocean.
SAO PAULO (Reuters) – Brazil will raise taxes or cut public spending to compensate for any future subsidies it offers to support struggling sectors, Finance Minister Guido Mantega told a local newspaper in an interview published on Sunday. “If we cut taxes further, like we did on diesel sales, all the foregone revenues will be compensated by spending cuts or other taxes,” Mantega told O Globo.
Monmouth Real Estate Investment Corp. has renewed and expanded its $20 million unsecured revolving credit facility, which was set to mature this month. The renewed facility is syndicated with two banks led by Capital One, National Association (Capital One) as joint lead arranger, administrative agent and sole book runner, and includes Bank of Montreal (BMO) as joint lead arranger and documentation agent.
Speaking at NAREIT’s investor forum taking place in Chicago this week, a manager with Invesco Real Estate said he views regional mall REITs as a particularly attractive investment right now. The REITs own a disproportionately large share of trophy regional malls in the U.S. and with occupancy levels and rental rates on the rise, they should only continue to thrive in the near-term future.
Thinking about buying a home or selling your current one? Stop thinking and start doing. Now is the prime time for both sellers and buyers. Here’s why. Mortgage rates are rising. After a sharp decline, mortgage rates are starting to inch back up, with a 30-year fixed mortgage averaging just over 4 percent now, according to Bankrate.com. And analysts expect that trend to continue. That means more buyers are trying to qualify — good news if you’re selling. And, if you’re buying, it’s one more reason to apply now yourself.
Say goodbye to ultra-low mortgage rates. In the past month, rates have been on the rise and they are expected to continue to climb. This week, the average rate on a 30-year fixed-rate mortgage jumped another 10 percentage points to 3.91 percent and are up from 3.3 percent in early May, according to mortgage giant Freddie Mac. Meanwhile, those seeking a 15-year loans received an average rate of 3.03 percent, up from 2.56 percent — a record low.