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Visit our blog at The Home Finder Network Blog (0 comments)
Tax Credit closing date extension update - 06/28/10 09:10 PM
As you will recall, we emailed you last week about U.S. Senate passage of an amendment that would extend the homebuyer tax credit “Closing Deadline” from the current June 30 date to September 30, 2010.
That amendment was part of a larger piece of legislation referred to as the “Extenders Bill.”
Unfortunately, the bill failed passage in the Senate three times this week.
The National Association of REALTORSâ is working closely with key Members of Congress, the Senate, and Senior Congressional Staff on the extension of the June 30, 2010 closing deadline for contracts eligible (1 comments)
According to the latest survey of 169 markets across the U.S. by researcher Reis, the national apartment vacancy rate peaked at a record 8% in the fourth quarter of 2009 and remained unchanged in the first quarter of 2010. Asking rents increased by a scant 0.1% in the first quarter, but that was the first gain since the third quarter of 2008.
Some 20,000 apartment units were absorbed in the first quarter of 2010, which is the strongest first-quarter (0 comments)
Tax credit closing date EXTENDED - 06/21/10 02:10 PM
U.S. Senate passed yesterday (60-37) an amendment that would extend the homebuyer tax credit “Closing Deadline” from the current June 30 date to September 30, 2010.
The amendment (introduced by Sens. Harry Reid, Johnny Isakson and Chris Dodd) is now part of a much larger emergency spending bill - which includes extension of certain unemployment benefits, increasing Medicare payments to physicians and flood insurance – to name a few.
Senate Majority Leader Harry Reid will likely file cloture today which means the Senate could vote on the entire emergency spending bill early next week (0 comments)
Deals are on the rise as capital returns to the market - 06/21/10 02:07 PM
With approximately $700 billion worth of loans coming due on distressed properties over the next four years, transaction activity in commercial real estate is picking up this year, albeit slowly, and is expected to intensify in 2011 and 2012.
Investment capital that had been waiting on the sidelines from mid-2008 and the first quarter of this year is getting back into the game as confidence returns in the form of the market’s stabilizing fundamentals.
“For example, life insurance companies, a traditional source of capital, are back in the market,” says Craig Butchenhart, the president and director of (0 comments)
Low Interest Rate Alert! - 06/09/10 01:57 PM
See belowOur Already Low Closing Costs Are Now Even Lower!!! *Refinance - $150, plus recording / *Purchase - $400, plus recording
CINCINNATI - Changes are coming to an east side square starting Monday when phase one of the redevelopment of Mt. Lookout Square begins. Developers say the $1.2 million project will take about two years to complete. The first phase starts at the southern end of the square from Dancing Wasabi to the Redmor and Chase Bank. Traffic islands and signals will be added as part of the remodeling. Mount Lookout business owners say they are worried about traffic and parking problems during the project, but Miller Construction says it will keep at least one lane in both directions open on (0 comments)
Spring 2010 Real Estate Investment Outlook Jun 3, 2010 10:04 AM It may be too soon to pop the champagne corks, but investor sentiment is improving as economic news turns positive and a bottom nears for commercial real estate markets. Sixty percent of respondents indicate they plan to increase their commercial real estate holdings over the next year. That is a more bullish sentiment compared with the 51% who voiced the same opinion in the fourth quarter of 2008 when property values were dropping rapidly amid the credit crisis. Respondents who do plan to acquire property in the (0 comments)
Market Update: Interest Rates - 06/03/10 08:39 AM
HFN Partners with Kathy Lamb at Union Saving Bank to make financing this attractive and this easy.
4.875% 30-YEAR FIXED
LIMITED TIME ONLY
NEW BORROWERS ONLY
PURCHASE OR REFINANCE
Closing Costs As Low As $250 Refinance* / $500 Purchase*
*Costs vary based on LTV, credit score and cash out
CLOSE WITHIN 30 DAYS!!!
Call Me Today To Discuss Details!
Kathy Lamb Mortgage Consultant Union Savings Bank 8534 E. Kemper Rd Cincinnati, OH 45245 (513) 310-3301 Direct
Visit our blog at The (0 comments)
Commercial Real Estate Loans Contribute to Bank Failures - 06/03/10 08:36 AM
The Federal Deposit Insurance Corp. (FDIC) has confirmed that commercial real estate loans played a significant role in the failure of five banks closed by the Comptroller of the Currency and state agencies over the Memorial Day holiday. Three Florida banks, along with a California and a Nevada lender were shut down. All five institutions reopened on Tuesday after other banks assumed their deposits.
To date this year, 78 banks have failed, and the number of failures for 2010 is expected to exceed last year’s total of 140, says FDIC spokesman Greg Hernandez, in Washington, D.C.
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.