Demonstrating that markets make erratic movements even in the midst of a decline, pending home sales rose slightly in July over June, according to the National Association of Realtors, while mortgage rates continued their downward slide. A 30-year fixed rate mortgage declined to 4.32% down .04% from a week ago, according to Freddie Mac. Pending… Continue reading Pending Home Sales Rise as Mortgage Rates Fall
Category: Tools
Investment Fund Launches $100 Million Effort
By Mike Colpitts An Atlanta based firm has formed a real estate investment fund with an ambitious goal of raising $100-million to invest in troubled homes and apartments in an effort to produce high net profits for investors. The new company is jointly owned by principals of an investment firm, Avalon Investment and Securities Group,… Continue reading Investment Fund Launches $100 Million Effort
Home Improvement Projects On Up Swing
By Cheryl Reams As homeowners decide to stay put and wait out the housing market in rising numbers, home improvement stores are seeing an increase in sales of carpet, vinyl and cheaper products to spruce up homes. The nation’s largest hardware stores are experiencing an upturn, despite economic turmoil. Contractors have slashed prices in order… Continue reading Home Improvement Projects On Up Swing