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Post Properties unloads Dallas apartments

By Inman News, Wednesday, April 7, 2004.

Post Properties sold its 398-unit Post Town Lake multifamily community in suburban Dallas, Texas.

The value of the transaction was approximately $22 million.

Post Town Lake, which was developed in 1986, comprises apartment units with an average size of 880 square feet.

The sale, to an unaffiliated third party, closed on March 29, 2004.

Atlanta-based Post Properties Inc. is a developer and operator of upscale apartment communities in the United States.

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Koger Equity buys Maryland portfolio

By Inman News, Wednesday, April 7, 2004.

Koger Equity recently acquired four properties, including two class A office buildings, a ground lease and an undeveloped parcel of land, located in the Decoverly Office Park in Rockville, Md.

The total value of the transaction was not disclosed.

This acquisition marks the company's entry into the suburban Washington, D.C., area.  more...

HomeServices moves into Carolinas

By Inman News, Wednesday, April 7, 2004.

The second largest real estate company in the country is getting bigger.  more...

Joint venture buys Kansas City office complex

By Inman News, Wednesday, April 7, 2004.

The Hines Suburban Office Venture (HSOV), a partnership between Hines and GE Real Estate, purchased 2345 Grand, a two-building complex in Kansas City, Mo.  more...

Real estate transaction from hell Premium Content

By Inman News, Wednesday, April 7, 2004.

Editor's note: One of the most amazing things about the real estate business is that no two transactions ever go sour exactly the same way. The difference between closing the transaction and having it "DFT" (deal fell through) is directly correlated to the agent's problem-solving skills and how well the agent's represent their client's interests.  more...

Californians increase real estate buying power

By Inman News, Wednesday, April 7, 2004.

The percentage of households in California able to afford a median-priced home inched higher to 24 percent in February, up 1 percentage point from January, but down 6 percentage points from the same period a year ago when the index was at 30 percent, according to a report released today by the California Association of Realtors.  more...

Mortgage rates soar to 4-month highs Premium Content

By Inman News, Wednesday, April 7, 2004.

Mortgage rates climbed to four-month highs this week on news that payrolls increased by more than 300,000 jobs in March, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.

 

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Prudential real estate agents go wireless

By Inman News, Wednesday, April 7, 2004.

Prudential California Realty of San Bruno's 128 sales agents are going mobile with Criterion's RedTablet Mobile Office, which provides tools to assist clients and manage real estate transactions entirely from the field, Criterion announced this week.

 

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Real estate think tank selects bubble-bursting essay

By Glenn Roberts Jr., Wednesday, April 7, 2004.
Experts at the Washington, D.C.-based Center for Economic and Policy Research, who have long touted the current housing boom as a bubble, have selected the winner of an essay contest aimed at bursting their bubble theory.
 
Hilary Croke, a Federal Reserve Board employee, wrote a four-page ess  more...

First American buys New York title co.

By Inman News, Wednesday, April 7, 2004.

First American Title Insurance Co.  more...

Ellie Mae mortgage technology gains market share

By Inman News, Wednesday, April 7, 2004.

 

More than 19,000 mortgage origination companies used Ellie Mae's ePass technology to handle transactions for a record 1.4 million unique borrower files in the first quarter 2004, the company reported today. more...

FNC, Just Valuation form real estate alliance

By Inman News, Wednesday, April 7, 2004. FNC Inc. and Just Valuation Inc. have announced a strategic alliance that will make JVI's residential appraisal and inspection services available through FNC's CMS collateral information management system.

FNC's CMS is a decisioning system that aims to make mortgage origination more efficient and JVI's staff more productive through automated service procurement. JVI itself uses the CMS to manage appraisal and inspection orders, along with tracking and delivery among its nationwide network of vendors.  more...

Perriello takes reins at Cendant real estate group

By Inman News, Wednesday, April 7, 2004.

Overnight mortgage rates sink

By Inman News, Wednesday, April 7, 2004.

Long-term mortgage interest rates were lower Wednesday, and the benchmark 10-year Treasury bond yield remained at 4.16 percent.

The 30-year fixed-rate average dipped to 5.45 percent, and the 15-year fixed-rate fell to 4.76 percent. The 1-year adjustable was up slightly at 3.08 percent.

The 30-year Treasury bond yield held at 5.01 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.  more...

Philadelphia homeowners race to keep homes

By Inman News, Wednesday, April 7, 2004.

Philadelphia resident Rita Richardson, 62, bought her first house five years ago and kept up with the mortgage payments by working two jobs.

After the hours of one of those jobs were cut in half, Richardson eventually fell behind in her payments. She turned to a bankruptcy lawyer for help, but that just racked up legal bills.

Her "2 1/2" bedroom home was slated to be sold at a sheriff's foreclosure sale in March.

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