Jun
9
Protected: Real Estate Graduate Call 6-9-08
There is no excerpt because this is a protected post.
Jun
9
ECONOMISTS SEE JOB LOSSES AS MILD
Economists See Job Losses as Mild By Poonkulali Thangavelu, National Real Estate Investor  Jun 6, 2008 May’s employment numbers released today by the U.S. Department of Labor come as no surprise to economists. The government reports that the unemployment rate rose from 5% in April to 5.5% in May, with office-based employment down by 49,000 jobs. Hessam Nadji, Marcus & Millichap’s managing director for research services, says that while the loss of about 50,000 jobs is not surprising, losses in this downturn continue to be below the level of losses […]
Jun
9
SEARCHING FOR GOLD
Searching for Gold: How to Navigate a Broken Condo Deal MULTIFAMILY EXECUTIVE MAGAZINE May 1, 2008By Alison Rice Like miners panning for gold, apartment executives today are sifting through countless failed condo conversion deals in search of valuable nuggets of bargain real estate.“We see an opportunity to acquire some unique assets,â€? says Dave Woodward, CEO and managing partner of Chicago-based Laramar Group. The firm’s last four acquisitions have been broken condo properties.Such possibilities abound, especially in markets where converters looking for a quick flip have instead found themselves trapped by […]
Jun
6
Foreclosure Numbers
Foreclosures, Delinquencies Hit Records Foreclosures and mortgage delinquencies both continued to rise during the first quarter of 2008, hitting their highest levels since record-keeping began in 1979, according to the Mortgage Bankers Association. The seasonally adjusted delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 6.35 percent of all loans outstanding at the end of the first quarter of 2008 on a seasonally adjusted (SA) basis, up 53 basis points from the fourth quarter of 2007, and up 151 basis points from one year ago, according to MBA’s […]