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| Main / Real Estate |
Author: maricela Created: 2/12/2007 10:01 AM |
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Real Estate information locally or nationally. |
Wednesday, November 21, 2007
WASHINGTON, November 20, 2007 -
Commercial real estate market activity is expected to level out, suggesting stable business opportunities for commercial practitioners in the months ahead, according to a forward-looking index for the commercial real estate sectors published by the National Association of Realtors®.
The Commercial Leading Indicator for Brokerage Activity* slipped 0.1 percent to an index of 120.6 in the third quarter from a record reading of 120.7 in the second quarter, but remains 0.7 percent higher than the third quarter of 2006 when it stood at 119.7. The dip follows nine consecutive quarterly increases; NAR's track of the index dates back to 1990.
Lawrence Yun, NAR chief economist, said momentum in the commercial market appears to be leveling at a high plateau. "Commercial real estate has been performing quite well over the past few years and the flattening index means net absorption of space in the industrial and office sectors is ...
| Posted by maricela at 9:37 AM |
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Wednesday, November 07, 2007
Buying a home is a great way to build long-term wealth. There are some other important dividends, too.
To counter recent negative housing reports in the media, NAR is helping local REALTOR® associations across the country explain the real facts behind the real estate market in their area.
NAR has created a print ad that targets potential home buyers, educating them about the long-term value of housing and providing insight into local real estate markets to help buyers make informed decisions about what can be the biggest investment opportunity of their lives.
A full-page version of the ad will run in USA Today on November 2 and November 9, 2007. Local versions of the ad will run in select markets nationwide on November 4 and November 11, 2007.
Local REALTOR® associations can create and place a version of the ad in their own markets. Visit the online Ad Generator and select "Public Awareness Campaign," "Buyer" to request a customized version.
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| Posted by maricela at 2:17 PM |
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Thursday, October 18, 2007
The Élan Collection, a private residence club, has purchased a site at Tamarack Resort for $17.2 million and plans to build 60 condominiums there, according to a press release.
Élan Tamarack would offer fractional ownership homes with club-level services and amenities. Amenities would include a private wine label, a concierge, and Harley-Davidson motorcycles for touring the Payette River Mountains. Developers plan to break ground in 2008.
Source: Idaho Business Review
| Posted by maricela at 11:02 AM |
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Tuesday, October 16, 2007
Three of the country's largest banks are expected to announce that they are creating a large rescue fund to ease the pain on mortgages securities. The plan, backed by the Treasury Department, is designed to assure investors that it's okay to put more money into the troubled credit market. The new fund will be able to buy as much as $100 billion in bonds and other debt, and will prevent a sudden sell off of assets. That's what happened in August. The cost of mortgages soared and the stock market plunged.
AP News Wire: Business
3 Largest Banks Team on Rescue Fund
from The Associated Press
NEW YORK October 15, 2007, 6:17 p.m. ET · The nation's three largest banks said Monday they are teaming up to create a rescue fund of sorts - potentially as large as $100 billion - to help bail out troubled global credit markets.
Citigroup Inc., Bank of America Corp., and JPMorgan Chase & Co., at the prodding of the Treasury Department, will buy distressed debt from markets...
| Posted by maricela at 12:43 PM |
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Wednesday, October 10, 2007
Improvement in Mortgage Market Bodes Well for Housing in 2008
WASHINGTON, October 10, 2007 -
Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR senior economist, notes that widening credit availability will help turn around home sales. "Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages," he said.
Yun said it's important to place the current housing market in perspective, and that 2007 will be the fifth highest year on record for existing-home sales. "Although sales ...
| Posted by maricela at 11:29 AM |
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Wednesday, September 12, 2007
Problems with subprime and some other nontraditional mortgages moved the Idaho Housing and Finance Association to market its post-purchase and foreclosure-prevention counseling services more aggressively. The nonprofit association about two years ago rolled out the services for anyone in Idaho, not just people who took out Idaho Housing and Finance loans. The Federal Housing Administration approved Idaho Housing as a counseling center.
Idaho Housing and Finance views the foreclosure-prevention counseling services as important given fresh concerns about subprime mortgage foreclosures and delinquencies, as well as the large number of borrowers facing upward-adjusting mortgage payments, President and Executive Director Gerald Hunter and Homeownership Lending Director Susan Semba said in an interview.
Semba said Idaho Housing foreclosure-prevention counselors assess the borrower's financial situation including ratios of monthly obligations to income. Idaho Housing can work with the borro...
| Posted by maricela at 10:24 AM |
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Tuesday, September 11, 2007
Boise is the capital and largest city in Idaho with an estimated population of 193,000 (2005 Census estimate). Boise, nicknamed the "City of Trees", has been ranked nationally by Forbes and Money Magazines as one of the top 10 places to live because of access to recreational activities, employment opportunities, and the lifestyle it affords. The beautiful Boise River is a prominent feature as it runs through the heart of the city and the Boise National Forest serves as the city's backdrop. Boise is the headquarters for several major companies including Albertsons, Micron Technology, J.R. Simplot Company, as well as Washington Group International, Inc.
Boise, Idaho real estate has experienced considerable growth in recent years as the booming real estate market demonstrates. In the beginning of 2006, the Boise real estate housing market saw record breaking growth as the median house value climbed to over $183,000. During the first fiscal quarter in 2006, the value of homes in the Bois...
| Posted by maricela at 2:05 PM |
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Tuesday, June 05, 2007
Each year since 2002, President Bush has designated June as National Homeownership Month, with the goal of increasing minority homeownership in America by 5.5 million by the end of the decade.
To celebrate National Homeownership Month 2007, NAR presents a wealth of resources and tools that support homeownership and strong communities.
Association Executives and State and Local Association members are encouraged to participate actively in efforts to encourage homeownership and strengthen our neighborhoods, towns and cities.
Learn about these NAR programs that support homeownership and strong communities.
Source: National Association of Realtors
| Posted by maricela at 1:32 PM |
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Tuesday, May 29, 2007
Boise Bench and Southeast Ada County property values have increased. The median increase in assessed value in Ada County is 16.7 percent. But in Southeast Ada County, the median assessment increased 23.64 percent. Boise Bench residents should expect to see the largest jump at 23.79 percent.
Source: Idaho Statesman
| Posted by maricela at 9:33 AM |
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Thursday, May 10, 2007
THE HOUSING NEWS isn't all grim. Even as prices sag nationwide, there are several cities in the country where home values are climbing smartly.
Portland, Ore., Boise, Idaho, Seattle, Salt Lake City Houston, Austin, and Charlotte and Raleigh, N.C, are among the cities bucking the national trend. Homes' appreciation there between the fourth quarters of 2005 and 2006 far exceeded the national average of 5.9%, according to the Office of Federal Housing Enterprise Oversight. In some markets, like Boise and Seattle, the appreciation jumped well into the double digits.
Source:
Wall Street Journal New York, NY 05/09/2007
By Dean Treftz
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| Posted by maricela at 11:47 AM |
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