By Inman News, Tuesday, August 31, 2004. Housing affordability is a major career issue for police officers, firefighters, teachers and nurses, according to a Bank of America survey. About 60 percent of respondents in these occupations said that their ability to own a home, based on their salary, influences their decision about whether to continue to work within their profession and within their community. more...
By Inman News, Tuesday, August 31, 2004. Countrywide and 1st USA Realty today announced the formation of Ameriwest Home Loans, a mortgage company that will serve consumers in the Phoenix metropolitan area. Ameriwest Home Loans will be an operating series of Countrywide Mortgage Ventures and will have five Arizona locations, including Glendale, Mesa, Scottsdale and Tempe. 1st USA Realty opened in 1995 and currently employs more than 1,500 agents, according to a press statement. more...
By Inman News, Tuesday, August 31, 2004. The number of mortgage applications remained virtually unchanged from last week, declining just 0.6 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association's weekly survey. The MBA seasonally adjusted purchase index decreased by 0.1 percent to 443.1 from 443.7 the previous week. The seasonally adjusted refinance index decreased by 1.1 percent to 1,804.1 from 1,824.9 one week earlier. more...
By Inman News, Tuesday, August 31, 2004. Long-term mortgage interest rates were lower Tuesday, and the benchmark 10-year Treasury bond yield fell to 4.12 percent. The 30-year fixed-rate average dropped to 5.4 percent, and the 15-year fixed-rate sank to 4.8 percent. The 1-year adjustable was down at 3.21 percent. The 30-year Treasury bond yield decreased to 4.93 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. more...
By Inman News, Monday, August 30, 2004. With consumer demand for apartments on the upswing, multifamily developers across the country are optimistic that the rental market is finally in the midst of a recovery, according to the results of the latest Multifamily Market Index released today by the National Association of Home Builders. "The results of the MMI for the second quarter are very encouraging," said NAHB President Bobby Rayburn, a home and apartment builder from Jackson, Miss. "After three years of rising vacancy rates, we're seeing a turnaround in the apartment market." more...
By Inman News, Monday, August 30, 2004. Representing the seller, Binswanger recently negotiated the sale of a 102,257-square-foot building with acreage in Grand Prairie, Texas. The value of the transaction was not disclosed. The property is located at 1010 Ave. J East. RSR Group, a shooting sports distributor, purchased the property for expansion purposes. The seller, The Reynolds and Reynolds Co., is a provider of software and services designed for the automotive industry. It sold this site due to consolidation. more...
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