by LRA Real Estate Group | Apr 16, 2011
By DAWN WOTAPKA Vacancy in apartment buildings fell to the lowest rate in more than two years in the first quarter, setting the stage for fewer choices and higher rent for tenants. With the economy adding jobs, and with more people choosing to rent instead of buy...
by LRA Real Estate Group | Apr 16, 2011
Wow, can anyone remember 18% mortgage rates under Pres. Jimmy Carter? I can. This is so amazing that rates are STILL under 5%. And some are probably still thinking they are too high! By NATHAN BECKER Mortgage rates rose slightly, with the average rate on 30-year...
by LRA Real Estate Group | Apr 6, 2011
courtesy of the Phoenix Business Journal Date: Tuesday, April 5, 2011 Beazer Homes (NYSE:BZH) is buying up bank-owned or auctioned properties in Phoenix and converting them into rentals with the Beazer name. “We think this makes sense. It’s a way to put our corporate...
by LRA Real Estate Group | Apr 5, 2011
by Catherine Reagor – Apr. 3, 2011 The Arizona Republic With upkeep difficult, vacancies hurt neighbors, market On a typical block in metro Phoenix, there’s at least one empty home, often several. Overbuilding during the housing boom, record foreclosures...
by LRA Real Estate Group | Apr 5, 2011
April 05, 2011, 12:08 AM EDT By Hui-yong Yu April 5 (Bloomberg) — Office vacancies in the U.S. dropped for the first time in more than three years in the most recent quarter and rents climbed, signaling the market is beginning a recovery as the economy improves....
by LRA Real Estate Group | Apr 5, 2011
courtesy of the Wall Street Journal By A.D. PRUITT The amount of occupied office space in the U.S. continued to inch higher during the first quarter of 2011 as businesses slowly began to expand. Average effective rents, which include such benefits as free rent and...
by LRA Real Estate Group | Apr 5, 2011
Courtesy of Mortgage Orb The commercial and multifamily markets are healing, the Mortgage Bankers Association (MBA) reports in its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the fourth quarter of 2010. Improved property fundamentals, modest...
by LRA Real Estate Group | Apr 5, 2011
Courtesy of Mortgage Orb The number of foreclosures completed by the nation’s largest bank and thrift mortgage servicers fell by nearly 50% to 95,067 in the fourth quarter of 2010, according to a report released this week by the Office of the Comptroller of the...
by LRA Real Estate Group | Apr 5, 2011
Courtesy of Mortgage Orb Twenty-two percent of people with mortgages are having trouble making their payments, a new Harris Interactive poll finds. That number includes 7% who are having “a great deal of difficulty.” Twenty-one percent those with mortgages...
by LRA Real Estate Group | Apr 5, 2011
Courtesy of Mortgage Orb A record-high portion of investor and all-cash purchases lifted Phoenix-area February home sales to a four-year high for that month, DataQuick Information Systems reports. At the same time, foreclosures rose sharply, increasing by 17.5% from...
