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
MARCH 2007 |
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Subprime delinquencies approach 20% at Countrywide |
Subprime loans delinquencies are rising at an alarming rate. Rates of delinquencies have risen 19% since the end of 2006, up from the 15.2% in 2005, and the 11.3% it was in 2004. These delinquencies rates also correlate to increases we are seeing in foreclosure rates (as noted in the February 2007 newsletter). This is a sign that investors may have been overly optimistic with revenue projections and are suffering due to the recent real estate slowdown, which is causing them to be delinquent on their payments (This article is a summary of a article presented by Inman News).
http://www.inman.com
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Downtown Shopping District Planned in Houston |
Mortgage Rates as March 2007 |
Developers plan on turning Houston’s Pavilion into a four city block of stores, shops, and restaurants. Although it hinders the possibility of building residential condos in this area, it has spurred the construction of a high-rise apartment building. Tenants will only be two blocks away from this shopping center. This project should develop more value for residents living near downtown and make properties more attractive to future purchases. For the entire story visit:
http://www.khou.com |
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Today |
Last Week |
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30 yr fixed |
5.72%
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5.78% |
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15 yr fixed |
5.48% |
5.52% |
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5/1 Arm |
5.53% |
5.59% |
Rates as of 3/01/07 |
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Ashoka Lion Consulting Property Management Services Include: |
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Houston Light Rail May Be Expanded |
- 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 City of Houston is considering adding 41 miles of light rail to the current 7.5 mile system that runs through downtown. The goal of this plan is to expand light rail to Hobby Airport, the Galleria, the East End, and as far southwest as Rosenberg. Critics wonder if the cost is too excessive, but the supporters express that the rail has helped the development of the downtown and midtown areas. Supporters believe that this expansion is a necessity based on population projections and transit studies to prevent Houston from an infrastructure nightmare. This article is a summary of a article presented by
http://www.click2houston.com |
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