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Articles About Commercial Real Estate: |
Consultants set stage for eastern study: A committee with a big title and big task heard from consultants, Dec. 19, during the first full meeting of the East of County Road 951 Infrastructure and Services Horizon Study Public Participation Master Plan Committee... Click here for more>>
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Whatever Happened To: I-75 interchange at Everglades Blvd: State and federal officials have determined that a new Interstate 75 interchange at Everglades Blvd is feasible enought to study the concept more... Click here for more>> |
| Lee Co. booms, U.S. pop. to grow slowly in '07: The United States will grow about 1 percent in 2007 after its population reached the 300-million mark this year. Click here for more>> |
Pending home sales show steady trend: A stabilization trend in the housing market is likely to continue, according to the latest reading on pending home sales published by the National Association of Realtors® (NAR). Click here for more>> |
| Growth Hits Curb: South Hillsborough County is still a hot spot for home builders, just not quite as hot as it was in 2005... Click here for more>> |
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Real Estate Tip of the Month :
TIPS FOR GETTING INTO FORECLOSURE MARKET
Is now the time to snap up a foreclosure? Investors Andy Heller and Scott Frank, who wrote the book "Buy Even Lower: The Regular People's Guide to Real Estate Riches," say "yes." As fair-weather investors look for easier pickings, competition in the foreclosed property market is diminishing, the authors say. The shorter the time you intend to hold a property, the greater the "minimum investor discount" you require, Heller and Frank advise. They recommend trying to buy homes for 20 percent to 30 percent off market value if you plan to flip the property; 10 percent to 20 percent off if you'll rent it out with the option to buy; and 5 percent to 10 percent if you intend to rent it out indefinitely. Sources for REOs include multiple listings services, the Web sites of federal agencies and government-chartered corporations or their affiliates, such as HUD.gov, Ocwen.com (for VA-owned homes), FannieMae.com and FreddieMac.com; national online listing services, such as Realtytrac.com and Foreclosure.com, available by subscription; or property wholesalers, such as Homevestors.com (the "We buy ugly houses" people).
Source: Kiplinger's Personal Finance Magazine, Patricia Mertz Esswein © Copyright 2006 INFORMATION, INC. Bethesda , MD (301) 215-4688 |
Helpful Resources:
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Mortgage Rates:
| Loan Type |
Today |
Last Week |
| 30 yr fixed mtg |
5.66% |
5.71% |
| 15 yr fixed mtg |
5.43% |
5.48% |
| 5/1 ARM |
5.48% |
5.53% |
| 30 yr fixed jumbo mtg |
6.01% |
6.03% |
| 5/1 jumbo ARM |
5.67% |
5.73% |
|
