Peoria Real Estate News
Thursday Mar 5 | via CNN
The following statistics and market trends are for single family homes, condominiums and town-homes. These statistics and trends are from the Scottsdale Area Association of Realtors and are compared monthly and to the previous year, and vary based on the effects of employment, home value and affordability. Comment?
Tuesday Mar 3 | via ABC15.com
"We've had a pretty quiet market for a long time," said Mike Orr with the W.P Carey School of Business at ASU. "It looks like buyers are getting more interested at last." Comment?
Feb 13, 2015 | via Business Journal
Like Ohio State is to Michigan, Alabama is Auburn and USC is to UCLA in college football, the local real estate industry flat out doesn't like RealtyTrac. And Arizona's real estate sector - which is pretty powerful, very image conscious and sensitive to its slow post-recession recovery - takes major umbrage with RealtyTrac's foreclosure data. Comment?
Jan 30, 2015 | via Business Journal
The post-recession commercial real estate market in Phoenix is rising far faster in the east than in the west. Year-end 2014 data shows 93 percent of the office leasing volume and activity in the region happened in the East Valley, Tempe and Scottsdale, according to the Cushman & Wakefield commercial real estate firm. Comment?
Jan 29, 2015 | via Business Wire
Bancorp report... )--Fitch Ratings assigns an 'AA' rating to the following Paradise Valley Unified School District No. Comment?
Wednesday Mar 18 | via Business Journal
Once again I'm sitting in real estate school listening to a market forecast as I renew my license. It's always fun to come to these classes to see what the real estate community is thinking and whether it has any relation to what the tech entrepreneurship community is actually doing. Comment?
Friday Mar 13 | via The Arizona Republic
Swept away: AZ Legislature takes money meant for homeowner aid Even though money had already been promised to many, Arizona takes housing settlement funds Check out this story on azcentral.com: http://azc.cc/1GBBV65 The $15 million left in Arizona's share of the National Mortgage Settlement was taken by the state Legislature last week, swept into the general fund. More than a dozen housing non-profits are now scrambling to find ways to help people who were waiting or even approved to receive aid from the fund. Comment?
Monday Mar 2 | via Business Journal
Realtors are backing a bill at the Arizona Legislature to stop cities from forcing them to get multiple business licenses. The Arizona Association of Realtors supports Senate Bill 1368. Comment?
Feb 15, 2015 | via The Arizona Republic
Mesa brothers get prison in $28M mortgage fraud scheme Two Mesa brothers sent to federal prison for using business in $28M mortgage fraud scheme Check out this story on azcentral.com: http://azc.cc/1Dv4yCt Two Mesa brothers who pleaded guilty to using their business in a $28 million mortgage fraud scheme, have both been sentenced to federal prison and ordered to pay restitution to banks. Scott and Kevin Lee used Summit Capital to originate fraudulent loans using bogus loan applications, forged signatures, and false financial and construction-related documents. Comment?
Feb 6, 2015 | via Edmonton Journal
Music director Bill Eddins will continue to lead the Edmonton Symphony Orchestra. His contract, which was set to expire in June of this year, has been extended until the end of the 2016/2017 season. Comment?
12 min ago | via Canada NewsWire
Both funds align with Aston Hill's objective of providing Liquid Alternative mutual funds to Canadian investors. Aston Hill U.S. Growth Fund aims to achieve long-term capital growth by investing primarily in U.S. equity securities, and may also invest, to a lesser extent, in non-U.S. equity securities. Comment?
25 min ago | via Hospitality Net
The Center For Hospitality Research at The Cornell School Of Hotel Administration 537 Statler Hall Ithaca, NY 14853 United States Phone: 607-255-9780 Fax: 607-254-2922 Visit Website A new report from the Center for Hospitality Research highlights the factors that drive the interest-rate spread between loans for hotels and office buildings. That interest-rate spread, in which hotel loans become more or less expensive than loans for office buildings, is a predictor of the relative delinquency of the hotel loans. Comment?
26 min ago | via MoneyWeek
Until 1914, and then between 1925 and 1931, Britain was on a gold standard. You could buy a house with gold. Comment?
30 min ago | via AK&M
Growth prospects for Russian mortgage lending will depend on the authorities' measures to subsidize rates and/or further policy rate cuts, as significantly higher bank funding costs have made unsubsidized rates unaffordable for most borrowers, Fitch Ratings informed. Segment asset quality is sound and significant rouble depreciation will have only a limited impact on major lenders, as they are less exposed to FX mortgages than some smaller banks. Comment?
30 min ago | via AK&M
Starting from March 19, 2015, VTB 24 set the interest rate within the framework of its "State-assisted Mortgage" program equal to 12% p.a, the bank informed. The bank has accepted more than 900 loan applications for a total amount of RUB 1.9 billion since the project was launched. Comment?
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