Freddie Mac Releases 25th Annual Arm Survey Results
(MCLEAN, VA) - Freddie Mac today released the results of its 25th Annual Adjustable-Rate Mortgage (ARM) Survey of prime loans. Read More
MAIN PAGE | ARCHIVED STORIES | January 2009
Page
Motel 6 Hits Jackpot No. 1,000 in Biloxi, MS
(BILOXI, MS)--The company that amused and continues to amuse TV audiences for 21 years with the tagline, "We'll leave the light on for you," has chalked up another milestone today with the opening of its 1,000th Motel 6/Studio 6 property... Read More
American Tourism to Egypt Increases
(CAIRO, EGYPT)--American Tourism to Egypt showed a dramatic increase of arrivals in 2008 over the previous year according to an announcement made by the Hon. Zoheir Garranah, Egypt's Minister of Tourism. "We had 319,000 thousand visitors from the US last year, representing a 17% increase." Read More
Wyndham Debuts in Cayman Islands with Two Resorts
(PARSIPPANY, NJ) -- Soft economy or not, Wyndham Hotel Group is betting new business is around the corner on Grand Cayman Island. The two new properties are the 130-room Wyndham Grand Bay Waterford-Cayman Islands and the 170-room Ramada Grand... Read More
The Latest in Luxury Resort & Real Estate News
Resort Equities Making Headway in Luxury Fractional Ownership Market Odeon's Penthouse (SAN JOSE, Calif.) -- After decades of making a name as one of the leading West Coast industrial developers, Kimball Small is now making a splash in the shared home... Read More
 cropped-thumb-76x76-32.jpg)
David Hasselhoff Withdraws Encino Home
David Hasselhoff, who starred in the TV series "Baywatch," listed his Encino home at $5.95 million in early January, and then the actor withdrew it about a week later. David Hasselhoff Did he change his mind and decide to keep... Read More
Q & A With Barbara Corcoran
Q1 - I bought my first home two years ago and got my mortgage through my credit union. I have good credit and thought I was getting a good rate of 7.125% for a 30 year fixed mortgage. Now... Read More
Realtor Recommendations Make Headway in House
(WASHINGTON, D.C.) -- The U.S. House of Representatives has taken a significant step toward economic recovery in passing H.R. 1, The American Recovery and Reinvestment Act of 2009."On behalf of NAR and its 1.2 million members, I'd like to thank... Read More
Developer Alan Ojeda Takes Calculated Risk With $140M Downtown Miami Office Tower
(MIAMI, FL) -- Developer Alan Ojeda is topping off his $140 million, 586,000-square-foot, 35-story 1450 Brickell office tower tomorrow (Jan. 30), even as Class A vacancy rates in metro Miami are forecast to hover in ... Read More
Mortgage Rates Hold Steady According To Freddie Mac's Weekly Survey
(McLean, VA) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.10 percent with an average 0.7 point for the week ending January 29, 2009, down... Read More
Senior Housing and Healthcare Developers Maintain Demand for Loans
(CHICAGO, IL) -- Senior housing and health care facilities developers continue to keep up demand for FHA-insured loans and other funding vehicles, reports Chicago-based Cambridge Realty Capital Cos."In a year in which stocks imploded and the credit markets lost their... Read More
Affluent Travelers Remain Active Travelers
(ORLANDO, FL) -- Although most travel service suppliers have watched many of their clients "trade down" to more affordable transportation, lodging and related options in recent months, "affluent travelers" appear to be bucking the trend. Read More
Starwood Set for 1,000th Hotel Opening This Year
(SAN DIEGO, CA) -- Already planning for the economic recovery, Starwood Hotels & Resorts Worldwide told the American Lodging Investment Summit meeting in San Diego that it will open its 1000th hotel in 2009... Read More
Jones Lang LaSalle Forecasts Global Hotel Shakeout in Second Half
Arthur de Haast (CHICAGO, IL) --The sluggish international hotel investment market will continue to slow in the first half of this year but will pick up in the last half, predicts Jones Lang LaSalle in its annual industry outlook... Read More
Déjà Vu - All Over Again, Volume of Sales Nears Historic Low
The sales volume of investment properties in New York City in the under $100,000,000 market is approaching its all-time low level. The two metrics we watch most closely are prices and the number of properties sold. This commentary will address the current trend in the volume of sales. Read More
RECI Offers Tips on How Investors Can Price Properties Under New Lending Guidelines
(CHICAGO, IL) -- New mortgage metrics are redefining capital markets today, reports The Real Estate Capital Institute. "Mortgage availability is emerging as the key funding variable," says RECI Research Director Nat Zvislo. "Starting more than a year ago, dramatic re-pricing... Read More
Mortgage Applications Fall In Latest MBA Weekly Survey
(WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 23, 2009. . Read More
Beck Sells Malibu Home
Beck is on the go again, this time on a world tour to promote "Modern Guilt," his latest album. At the same time, the musician, who goes by his first name only, hopes to sell his Malibu home. Beck Along... Read More
Pros Test Drive Golf's New Most Challenging Mile in Dubai
(DUBAI) -- The stars came to Earth today at Jumeirah Golf Estates where the Dubai World Championship takes place in November. Read More
California Association of Realtors reports sales increased 84.9%; median home price fell 41.5% in December
(LOS ANGELES, CA) -- Home sales increased 84.9 percent in December in California compared with the same period a year ago, while the median price of an existing home fell 41.5 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Read More
Page
