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
MAY 2007 |
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Downtown occupancy boosts parking prices |
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Coming Soon! |
| More and more companies are moving downtown, causing an increase in rental rates; this has increased the cost of parking. Houston’s price for an unreserved garage spot came in just under the national average of $153.85, at $145 a month. This increase in parking prices will benefit land owners in the downtown area. Building more office buildings may be a long term goal, but with the high cost of contractors and building materials it may not be feasible to do so currently. A temporary project may be to turn the land into a parking lot to generate some revenue.
http://www.chron.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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Future of real estate here depends greatly on health of energy industry |
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Mortgage Rates as May 2007 |
Houston’s housing market has been lucky compared to other housing markets due to the boom in the energy industry. However, because of the national campaign to reduce the use of oil, the energy industry will reach a plateau making Houston’s housing market vulnerable to the slow down that is happening in the national market. With the national crackdown on subprime loans, this will lead to less investment since it will be more difficult to acquire loans. This plateauing will also lead to a decline in wages as well, making borrowers with adjustable rate mortgages susceptible to foreclosures since they will not be able to respond to the increase in mortgage payments that will occur when their rates turn into the variable rate. However; this inevitable increase in foreclosures will be beneficial to cash-rich investors since they have enough funds to bypass the lending process and be able to buy the foreclosed properties. http://www.chron.com |
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Today |
Last Week |
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30 yr fixed |
5.97%
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5.90% |
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15 yr fixed |
5.67% |
5.58% |
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5/1 Arm |
5.73% |
5.70% |
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Rates as of 5/29/07 |
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Ashoka Lion Consulting Property Management Services Include: |
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Developers Push Projects in New Orleans |
- 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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With the favorable tax credits and other financial incentives put forth by Congress, many developers plan to revive New Orleans by building more high rises. However, the recovery process has been crawling, since many projects fell apart due to the lack of funding from the federal government. There has been some progress, but it still is not up to par. If New Orleans does gain some momentum in their rebuilding process, this will affect the availability of contractors in the Houston area. More contractors will move to New Orleans to pursue more projects. This decrease in supply will likely add to the already rising construction rates, making building projects in Houston more expensive. These new developments in New Orleans may also be attractive to investors in the Houston area due to New Orleans’ close proximity to Houston as well as its potential for growth http://www.chron.com |
| www.ashokalion.com |
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