Daily Real Estate News April 9, 2008
Mortgage Demand Up, Despite Rates
The number of mortgage applications increased 5.7 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly mortgage applications survey.On an unadjusted basis, the index rose 10.9 percent compared with the same week a year ago. The bulk of the increase came from purchase loans, which rose 8.1 percent, compared with the refinance index, which was up 3.4 percent. The refinance share of mortgage activity decreased slightly from 53.4 the previous week to 52.2 last week.Mortgage rates were up slightly:
30-year fixed-rate mortgages increased to 5.78 percent from 5.75 percent
15-year fixed-rate mortgages increased to 5.39 percent from 5.27 percent
1-year ARMs increased to 7.06 percent from 7 percent
Source: Mortgage Bankers Association (04/09/2008)
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Wednesday, April 9, 2008
Weekly Trend Data For Panama City Beach Florida Real Estate
Below is the weekly trend information for Residential and Condominium sales for the Panama City, Panama City Beach, Bay Point, and Carillon Beach Florida Areas:
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
Tuesday, April 8, 2008
Homebuyers Want New Home
Daily Real Estate News April 8, 2008
Vegas Buyers Want New Homes
There’s a glut of glitzy and unsold houses in Las Vegas – about 50 percent of them empty.Nearly 1,000 houses are listed for sale in Las Vegas for $1 million or more. More than 600 of them have been built since 2004. But unless they’ve been constructed in the last year or two, they are hard to sell, practitioners and other observers say.Las Vegas isn't about stately trees, old lawns, and older money, says Gene Moehring, chairman of the University of Nevada, Las Vegas, history department and a specialist in urban history. "In Vegas, new is the most important thing.”Developer Christopher Homes recently opened a neighborhood of homes in the hills west of the Strip selling for $1.7 million to $3 million. Several houses have sold to residents of adjoining neighborhoods who lived in their houses for less than five years, including homes built by the same developer, says Erika Geiser, the company's vice president."They feel their [current] residence is obsolete," she says. "They're looking for something more innovative, more cutting-edge."Michael Lemoine, an architect who specializes in custom houses for the wealthy, says he has clients who build houses as often as some people buy cars."New neighborhoods pop up that become the place where these people want to live," he says. "They move from one to another because they want to be with their friends, then in five to seven years' time they go to another community."Source: The Los Angeles Times, Peter Y. Hong (04/08/08)
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.InvestSmarter.com
Vegas Buyers Want New Homes
There’s a glut of glitzy and unsold houses in Las Vegas – about 50 percent of them empty.Nearly 1,000 houses are listed for sale in Las Vegas for $1 million or more. More than 600 of them have been built since 2004. But unless they’ve been constructed in the last year or two, they are hard to sell, practitioners and other observers say.Las Vegas isn't about stately trees, old lawns, and older money, says Gene Moehring, chairman of the University of Nevada, Las Vegas, history department and a specialist in urban history. "In Vegas, new is the most important thing.”Developer Christopher Homes recently opened a neighborhood of homes in the hills west of the Strip selling for $1.7 million to $3 million. Several houses have sold to residents of adjoining neighborhoods who lived in their houses for less than five years, including homes built by the same developer, says Erika Geiser, the company's vice president."They feel their [current] residence is obsolete," she says. "They're looking for something more innovative, more cutting-edge."Michael Lemoine, an architect who specializes in custom houses for the wealthy, says he has clients who build houses as often as some people buy cars."New neighborhoods pop up that become the place where these people want to live," he says. "They move from one to another because they want to be with their friends, then in five to seven years' time they go to another community."Source: The Los Angeles Times, Peter Y. Hong (04/08/08)
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.InvestSmarter.com
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