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
FEBRUARY 2007 |
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2006 Home Sales Fall, but there are signs of life |
The 2006 home sales for the year showed the biggest drop in over 16 years. However, the November and December ending sales for the month were up, indicating signs that the market drop will not be a continuous free fall. This decrease can be attributed to a decrease in the speculative market over the past year, however this could still present buying opportunities for investors. David Seiders, Chief Economist of National Association of Home Builders, said prices will be depressed as builders sell off the excess inventory. (This article is a summary of article presented by My Way Finance. ) http://finance.myway.com
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Houston withstanding the market cool off in 2006 |
Mortgage Rates as Jan 2007 |
As the nation experiences an end to the unprecedented growth and interest in real estate, the Houston market was able to maintain continued positive growth from previous year. The Houston Association of Realtors reported that the year to date sales in Houston as of November 2006 was $15.2 billion dollars of property being bought and sold locally as compared to $14.2 billion in 2005. (This article is a summary of a article presented by Houston Association of Realtors)
For the entire story visit
www.har.com
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Today |
Last Week |
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30 yr fixed |
5.89%
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5.76% |
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15 yr fixed |
5.65% |
5.54% |
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5/1 Arm |
5.69% |
5.62% |
Rates as of 1/31/07 |
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Ashoka Lion Consulting Property Management Services Include: |
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Foreclosures Increase by 42% Nationwide!! |
- 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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The rate of foreclosures has risen dramatically by 42% in past year as noted by a real estate information source. Realty Trac Inc. stated that one in 92 households was filing for foreclosure in 2006. These are all signs that the average house hold might have extended themselves beyond their financial means.
The investor who holds on to the belief that the market is going to continue to rise at the recent growth clip is the one who is feeling the pain of this downturn. (This article is a summary of a article presented by CNN.com)
http://money.cnn.com |
| www.ashokalion.com |
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