Real Estate Newsletter
At Ashoka Lion, we aim to assist investors and professionals to keep up with news and development in the industry both locally and nationally. Please subscribe to our newsletter, and we will email the HTML Newsletter to you on a monthly basis. We hope you find it useful in your investing.
Note: Real Estate Professionals looking to use our newsletter can contact us and we will work to set up a co-branded news letter. We will include your logo, contact information, and bio for you to present to your client with our newsletter. All we ask is that you remember us for your property management needs and LET THE LION HELP. |
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REAL ESTATE UPDATE
APRIL 2007 |
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Subprime losses lead to drop in home ownership |
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Coming Soon! |
| 2.4 million Subprime mortgage holders between 1998 and 2006 will lose their homes to foreclosure. This will result in a net ownership loss of one million homes. The borrowers are not the only group to blame, but some of the factors are lax underwriting practices, dangerous loan products, and a disregard for affordability. Borrowers need to be careful when applying for subprime loans to make sure they are financial capable of paying their mortgage on time. For investors, this is an opportunity to purchase some very attractive foreclosed properties. (This is a summary of a article presented by CNN). http://money.cnn.com |
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Ashoka Lion Consulting is offering New Real Estate Classes through Leisure Learning on June 16th and July 28th from 9:30 a.m. to 12:30 p.m. It is called "The A to Z of investing in Real Estate".
Please visit our website: http://www.ashokalion.com/reclasses.htm
and click on the dates to register. |
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Vacancy Rate Drop Predicted |
Mortgage Rates as April 2007 |
Vacancy rate is predicted to drop to 9.8% while the asking rent is supposed to increase to 3.8%. Some drivers that will increase the demand for rental properties are the growth in local population and job growth, which is expected to be twice the national rate. This could be indicating that the soft rental market is turning around for the aforementioned reasons above. Additionally, the potential Congressional investigations and the tightening up lending practices in the sub-prime market will turn people who were previously considering buying property back to the rental market.
http://www.chron.com |
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Today |
Last Week |
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30 yr fixed |
5.75%
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5.72% |
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15 yr fixed |
5.47% |
5.45% |
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5/1 Arm |
5.52% |
5.51% |
Rates as of 4/20/07 |
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Ashoka Lion Consulting Property Management Services Include: |
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Houston Getting City Wide Wi-Fi Access |
- Residential, Multifamily, Commercial
- Coordinate Leasing/ Marketing
- Tenant Screening and Management
- Rent Collection
- Coordinate with contractors and repair service people
- Monthly Reporting Packages
When managing your property becomes difficult or tedious, then LET THE LION HELP!
We let investors focus on making the deal and bringing in the money!!!
If you would like to update rates or use our links
to financial calculators, or learn more about us visit:
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Houston will be a wireless city by 2008. The city council approved the contract with Earthlink to build and maintain the wireless system. Houston's wi-fi project is expected to be the largest in the nation covering over 600 square miles. This is a major improvement to the infrastructure and will attract more people and business to the city. The addition of wi-fi keeps Houston more competitive with cities like New York and San Francisco. (This article is a summary of a article presented by Houston Chronicle)
http://www.chron.com |
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