Your Real Estate Guide Through West Valley
Whitney E. Kerr Jr., CCIM, of Cassidy Turley in Kansas City, Mo., Dennis L. Mitchell, CCIM, of Colliers International in Atlanta, and a partner negotiated the more than $37.4 million sale of a five-building industrial portfolio totaling 683,844 sf in Auburn, Austell, Duluth, and Mableton, Ga., from Rooker to Welsh Property Trust LLC.
Send us information about your latest transaction and you may be our next Deal Maker!
Real estate mortgage outlook in the news does not appear so good even with HARP 2.0 coming online.
According to a recent study by Fiserv, the typical mortgage costs 40 percent less than it did in 2006. That just about mirrors the drop in home prices over the same period.
But there’s more going to this housing recession and the downturn in the housing market than a drop in home prices. Mortgage interest rates have fallen to the lowest levels in more than 60 years. This week, the average interest rate for a 30-year mortgage was 3.8 percent, down a tenth of a percent according to Zillow.
A 15-year loan can be had for about 3.16 percent, which is a new record. F
As South Floridas condo market rapidly moves toward another new construction boom, now is the time for the real estate industry to adopt measures to reduce the chances of another bust.
Nearly a dozen new towers with a combined 3,600 condos have formally been proposed for the South Florida region despite more than 4,700 units remaining unsold as of Sept. 30 from the last real estate boom and bust in Miami-Dade, Broward and Palm Beach counties.
The proposed new condo projects range from Martin Z.
The Patient Protection and Affordable Care Act (PPACA), commonly known as “Obamacare,” was signed into law last year amidst a good deal of controversy. The Left sees it as the turning point in decades of health care prices skyrocketing, while the Right sees Big Brother taking over all of medicine. What’s not quite as obvious is that “Obamacare” touches real estate. Namely, the bill introduces a new 3.8% tax on “unearned income,” which in the real estate industry means “capital gains.”
The new Obamacare tax will add 3.8% to capital gains over $500,000 for married couples, and $250,000 for singles. The good news for
From the Seattle Times, Vintage apartment building on First Hill sells at a premium.
The Marlborough, an apartment, that almost converted to condos, but went bankrupt, was then bought for $12.75m in September 2010, fixed and leased up. It just
Recent Comments