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Monday, 18 September 2006 |
Today, many homeowners are turning sunrooms into home offices, second bedrooms, and extra sitting rooms. Inside sunrooms homeowners are building pools, spas and other relaxing amenities. A sunroom is different from a standard room addition because of the panoramic view that you can achieve with a sunroom, you get the real feeling of having an outdoor feeling but being protected from the temperature, the bugs.
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Friday, 15 September 2006 |
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Foreclosure rates in the second quarter were highest for "subprime" borrowers - people with weaker credit records who are considered higher risks - who have adjustable-rate mortgages. Even with the increase, the new foreclosure figure is still low by historical standards and thus not overly worrisome to lenders. But it suggests that some borrowers are feeling pinched. |
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Friday, 15 September 2006 |
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City officials approved a plan yesterday to spend $10.7 million to tear down more than 400 housing units in some of Baltimore's most neglected neighborhoods. Though many of the projects are under way, supporters said the city's financial commitment will jump start the effort by paying for the purchase and demolition of residential properties - most of which are vacant - that can then be combined into larger parcels that are easier to develop.
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Friday, 15 September 2006 |
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NEW YORK - Real Estate private equity funds are in for another record-setting year as stable, healthy returns continue to attract investors. By the end of August, 46 real estate private equity funds had closed their fund-raising doors with $32 billion raised among them. With 58 new funds still on the road targeting another $27 billion, 2006 is bound to break last-year's record of $45 billion, the report said. |
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Friday, 15 September 2006 |
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McLEAN, VA -- Primary Mortgage Market Survey (PMMSSM) released today the results of the 30-year fixed-rate mortgage, which averaged 6.43 percent with an average 0.5 point for the week ending in September 14. The 15-year FRM this week averaged 6.11 percent with an average 0.4 point, down from last week when it averaged 6.16 percent. A year ago, the 15-year FRM averaged 5.32 percent. |
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Friday, 15 September 2006 |
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It remains historically low for the 115,292 homes nationwide entering the stage of foreclosure. The rate of increase in the number is alarming. This could be because of the nasty mortgages IEDs (Improvised Equity Devices), high leverage and high risk loans. Mortgage IEDs are typically ARMs, in a host of varieties that typically start off with low rates, but, in this market, continually adjust upward. |
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