Another weird week in the global markets. Whew I’m not going to comment on that since I don’t have any real answers to the many questions. On the other hand, may be shaping up to be a very good time to invest in real estate. Rents continue to be high for detached single family homes […]Continue Reading →
AUSTIN (Austin American-Statesman) – A Texas-based limited partnership will build 50 upscale homes in a gated community next to a Jack Nicklaus signature golf course in Horseshoe Bay.
The community, dubbed the Reserve at Summit Rock, will have homes priced between $475,000 and $750,000. Jay Fertig, Central Texas homebuilder Bob Rowan and […]Continue Reading →
Rates are moving up, breaking through relative long-term averages. If you are considering refinancing…and have waited for the bottom this could well be the TOP of the recent bottom. All indications are that interest rates on mortgages will continue to go up in the foreseeable future. I would imagine that this will also tend to loosen borrower requirements. It just stands to reason that as there are less motivating factors to create a new loan, it will become easier to get a new loan. They have to make loans to stay in business….LouisContinue Reading →
Housing to finish last in recovery?
Commentary: U.S. plays caboose to China’s economic engine
By Lou Barnes
February 04, 2011
Forces building since October have at last blown long-term rates to the next levels. The all-defining 10-year Treasury note was trading at 3.66 percent this morning (prior range: 3.28 percent […]Continue Reading →