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Mortgage Bankers’ Commercial/Multifamily Originations up 44% - 04/29/11 10:56 AM
Commercial and multifamily mortgage origination volumes increased 44 percent in 2010 over the previous year, with mortgage bankers reporting $118.8 billion of closed commercial and multifamily loans, according to the Mortgage Bankers Association's 2010 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation. "Coming off of the 2009 lows, commercial and multifamily originations increased by a strong 44 percent in 2010," says Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research. "Low interest rates coupled with improving economic fundamentals have the potential to draw out even more borrowers in 2011." Fannie Mae, Freddie Mac and FHA, collectively, were the largest investor (1 comments)
Pre-Approved Short Sale! Ridgecrest Cutie, now $165,000! - 04/25/11 06:29 PM
Short Sale Opportunity in Ridgecrest! Remodeled in 2008! Hardwood And Tile throughout. Kitchen and Bath were gutted and replaced with Stylish, Upgraded, Decorator Fixtures, Cabinets, Counters and Floors. 2bedroom, 1bath With Large Bonus Room(Studio/Office).Charming Fireplace, Coved Ceiling and Arched Doorways. Windows (Thermal) and Stucco were done then too. Off-street Parking. Tiered,Private Back Yard with lots of possibilities. Across from Ross Park. For Listing Details and Photos click here (0 comments)
Foreclosure Activity decreases 15% in first Quarter 2011 - 04/24/11 09:08 AM
Foreclosure filings were reported on 681,153 U.S. properties in the first quarter, a 15% decrease from the previous quarter and down 27% from the first quarter of 2010, according to RealtyTrac. "Weak demand, declining home prices and the lack of credit availability are weighing heavily on the market, which is still facing the dual threat of a looming shadow inventory of distressed properties and the probability that foreclosure activity will begin to increase again as lenders and servicers gradually work their way through the backlog of thousands of foreclosures," said James J. Saccacio, chief executive officer of RealtyTrac. Complete Story (0 comments)
Foreclosure Activity Drops to 3-Year Lows - 04/19/11 06:59 PM
New data released from RealtyTrac on Thursday show the foreclosure crisis is easing: Foreclosure notices filed during the first three months of 2011 dropped 27 percent compared with the first quarter of 2010. More than 681,000 homes received a foreclosure filing during the first quarter of 2011. For the full Report Click here (1 comments)
Americans Still Optimistic About Housing - 04/14/11 11:39 PM
A sluggish real estate market hasn't shaken the confidence of the public in how it views home ownership, according to a new study by the Pew Research Center. Eight in 10 adults (or 81 percent) say owning a home is the best long-term investment a person can make, according to the Pew study of about 2,000 adults conducted in March. Read the Full Story (8 comments)
Albuquerque Home Sales Report for March 2011 - 04/12/11 11:29 PM
Closed sales for detached single-family homes in March increased 39.02% from the previous month. Of the 570 detached, single-family homes reported sold in March the top selling price range was $120,000 - $139,000. Sales in the City of Rio Rancho increased 1.68% from the previous year and 101.67% from previous month. Read the Full Report (2 comments)
SHORT SALE! Triplex and Fourplex! Huge Price Drop! - 04/09/11 11:40 AM
Fourplex NOW $139,000! Huge Price drop on this unique Opportunity! All reasonable offers will be submitted to bank! Please do not talk or disturb Tenants! Large 2 BR 2 Bath Owners Unit with Washer/Dryer, 1040 sqft and attached 2 Car Garage! Three 2 BR 1 Bath Units, 625 sqft each. One Apartment is vacant. Needs work, but mostly cosmetic. Triplex now $135,000! Huge Price Reduction! This is an Opportunity to own a unique property! All reasonable offers will be submitted to bank! Please do not talk or disturb Tenants! Spacious 2 story Townhouse style 2 Bedroom 1 3/4 Bath Owners Unit (2 comments)
Mortgage Rates Change Little Amid Positive Employment Report - 04/09/11 11:34 AM
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), which shows the 30-year fixed-rate inching upward for the third consecutive week to 4.87 percent but well below its average of 5.21 percent a year ago, the highest it had been since August 13, 2009. Read the FULL STORY (1 comments)
Real Estate Today Radio - 04/06/11 07:08 PM
Listen to "Real Estate Today Radio"! Subjects this week: Celebrating the American Dream of Home Ownership! National Pending Home Sales numbers. Maintenance Tips by HouseLogic and lots more! Visit http://www.AlbuquerqueRealEstatePros.com and click on the "Real Estate Today Radio" button! Fun show, a lot of great information! Enjoy!
Commercial Real Estate Market Report 4th Quarter 2010 - 04/04/11 12:48 PM
The commercial office vacancy rate stood at 18 percent at the end of the fourth quarter, capping a year which there was nearly 210,000 square feet of negative absorption, meaning that much more space was vacated than leased. Will this be the bottom? Most likely we'll see a modest recovery in late 2011, if employers rehire. Asking rents stood at $20.40 a square foot. The weakest market was Class C space, or older buildings, with vacancy at 19.5 percent. Premier Class A office space had a vacancy rate of 13.6 percent. (source: Wells Fargo) (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.