Monthly Archives: August 2011

New Home Sales | Sales Of New Homes Weigh On Las Vegas Housing Market

Las Vegas is on pace to sell more than 45,500 existing homes in 2011, which would make it the fourth best year ever, but new-home sales will have one of the worst years in more than two decades, according to a housing analyst.Home Builders Research of Las Vegas reported the 3,837 sales of existing homes in July brings the yearly total to 26,709. That’s a year-to-date increase of 5.3    .. more …

Mortgage Refinance Interest Rates | Today’s Lowest Mortgage Refinance Interest Rates ” Bank Of The West, Union …

Over the last month we have seen the 10 year treasury rate you’ll drop significantly which in turn has pushed 30 year fixed mortgage refinance rates lower. At the present time we are seeing 30 year fixed home loans as low as 4.1% for borrowers who have a very good credit history.Many residents in the western part of the country will look to Bank of the West, Union Bank or Countywide when it comes    .. more …

Mortgage Interest Rates | Mortgage Brokers, Borrowers Eye Interest Rates

Mortgage interest rates fell to record lows last week – a rare bright spot for consumers in an anemic recovery – as lawmakers reached a debt-ceiling deal and economic troubles persisted nationally and globally.Now, uncertainty surrounding the nation’s credit rating downgrade and free-falling stock markets has Charlotte-area mortgage brokers scanning news reports and juggling calls from borrowers    .. more …

New Home Sales | July Home Sales Down In Ventura County, Southern California

Aug. 15 (Source: By Allison Bruce, Ventura County Star, Calif.) – Home sales fell across Southern California for the month of July, including Ventura County, where sales were down 1.9 percent from a year ago, according to a real estate information service. Sales of new and existing homes and condominiums in Ventura County fell from 749 a year ago to 735 in July, DataQuick reported today.    .. more …

New Home Sales | New Home Sales Off Slightly

By LOUISE ABERCROMBIENews Business EditorTwenty-one homes sold with Ponca City addresses during July, which is three less than in June. The biggest sellers were in the price range from $50,000 to $100,000 with 12 being sold, while six sold between $100,000 and $200,000. One home sold between $200,000 and $300,000 and one below $50,000. The homes were on the market an average of 71 days and the    .. more …

New Home Sales | 55+ Builders More Optimistic About Multifamily Rentals Than New Home Sales

WASHINGTON — Builders in the 55+ housing market are significantly more optimistic about production and demand for multifamily rental units than they are for sales of single-family homes or multifamily condos, according to the latest 55+ Housing Market Indices that are compiled quarterly by the National Association of Home Builders (NAHB).All of the components measuring production and demand for    .. more …

Mortgage Interest Rates | Understanding The Interest Rate On Commercial Mortgages

The subject of commercial mortgage interest is one that could give just about anyone a headache. The process works much differently than with the personal loan on your home. That being said, interest is interest and not overly complicated to understand. It all comes down to risk. Which is riskier for a lender – lending on a home worth $500,000 or an apartment complex worth $15,000,000? The answer    .. more …

Mortgage Interest Rates | Freddie & Fannie Go Down: Effect On Arkansas

The housing industry’s Fannie Mae and Freddie Mac were downgraded today. Probably the biggest news is that this isn’t much of a surprise to people in the industry. Here’s why— mortgage interest rates haven’t sky rocketed. So experts say if you can get a loan, now’s the time to do it.”First, it’s finding a house that you like in the location that you like. Then you have to deal with the banking,    .. more …

New Home Sales | 55+ Builders More Optimistic About Multifamily Rentals Than New Home Sales

Builders in the 55+ housing market are significantly more optimistic about production and demand for multifamily rental units than they are for sales of single-family homes or multifamily condos, according to the latest 55+ Housing Market Indices that are compiled quarterly by the National Association of Home Builders (NAHB).All of the components measuring production and demand for 55+ multifamily    .. more …