New York City’s Smallest Apartment – $150K for 175 Sq Ft
New York City’s Smallest Apartment - $150K for 175 Sq Ft.
FHA Outlook 2010. Looser Condo Guidelines, But Higher Costs And Higher Down-Payments May Be Coming.
HUD's Federal Housing Administration (FHA) has temporarily lowered their "pre-sold" guidelines in new construction condominium buildings from 50% to 30%. This is excellent news to developers with empty inventory. The new rule went into effect yesterday and will...
Auction Results for The West End – Nashville Luxury Condo Liquidation
Just want to give you the disposition on the results of the auction yesterday. It was a great day for buyers and a stressful day for the developer. There were 45 units to be auctioned. At the end of the day, 38 units sold at auction and four others sold before and...
Rates at Record Lows!
Freddie Mac released the results of its Primary Mortgage Market Survey last week in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 point for the week ending November 25, 2009, down from the prior week when it averaged 4.83...
The West End, a luxury Nashville condo development, to auction 45 units. Some absolute!
Going Once, Going, Twice...... Sold? What's next on the condo chopping block? The West End luxury condominiums located at the corner of 31st/Blakemore & West End Avenue. I've been reluctant to speculate about this auction, frankly, because there isn't that much...
Terrazzo Continues Auction Pricing for a Limited Time
Call me at 615-554-3745 for a complete list of auction sale prices or to schedule a private preview. Terrazzo is Fannie Mae approved with multiple financing options.
Terrazzo Auction Results – SOLD! (well, mostly)
So I've just returned home from the much-advertised Terrazzo auction. Being a first-time event for our urban condos market, many were skeptical. Reserve pricing had been advertised from about $190 per square foot (approximately a 50% discount from recent asking...
The Square at Fourth & Madison. New condos coming to Nashville’s Germantown.
Just Announced - Tennessee Titan Michael Roos and his wife Kat have recently announced plans to develop the corner of Fourth and Madison in Nashville's historic Germantown neighborhood into "The Square" at 4th and Madison- a green, mixed use condominium development....
Mortgage Interest Rates Low, Stable
While Freddie Mac's weekly report on rates showed the 30-year rate dipping slightly below 5 percent, these rates did not budge in Bankrate.com's weekly survey of large lenders. The benchmark 30-year, fixed-rate mortgage remained unchanged at 5.35 percent, according to...
Rates Remain Low, Don’t Move Much
Freddie Mac reports that mortgage rates continued to drift higher last week, with average interest of 5.03 percent on a 30-year fixed loan -- up from a flat 5 percent the previous week. The government-sponsored enterprise reports that 30-year fixed rates have been...
Homebuyer Tax Credit Likely Extended and Opened to Some Move Up Buyers
Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past...
More Things Condo Buyers Should Consider
Buyers who are considering the purchase of a condominium should inspect the health of the home owner’s association before they close. The seller should provide the buyer all financial documents relating to the association in time for an attorney for the buyer to...
Economists Predict U.S. Housing Recovery in 2010
Economic forecasters predict that 2010 will be the first year since 2005 for housing to contribute to the growth of the U.S. economy, according to a survey released by the National Association for Business Economics. Home prices are expected to rise 2 percent next...
Terrazzo in the Gulch to Auction 30 Luxury Condos in Nashville, TN
Are you a buyer in need of a preview appointment? I'd love to help! Terrazzo in the Nashville Gulch to Auction 30 high-end condo units. UPDATED 11/8/09: Terrazzo condo development in the Nashville Gulch has announced plans to auction off 30 31 of their total 117...
Luxury Homes in Nashville TN
High-Tech Solutions from The Leading Real Estate Companies of the World If you are thinking of selling a luxury home in Nashville, TN or a surrounding area, you should take a look at our Luxury Portfolio Marketing Package for home sellers. Every Zeitlin & CO....
Short Sales in the Nashville real estate market
For months I've cautioned my buyers that Short Sale properties in the Nashville market can be a real nightmare - taking 4-6 months to close (that is if you EVER get a response from the bank). A recent article in BusinessWeek shows that banks making Short Sales tougher...
Interest Rates Nearing All Time Low
Thirty-year fixed mortgages moved closer to the all-time low of 4.82 percent reached in May, falling to 4.87 percent last week from 4.94 percent a week earlier, according to Freddie Mac. Homeowners who refinance have an opportunity to reduce their payment on a...
8 Tips for Making Small Houses Feel Larger
With the shrinking economy and a growing interest in sustainable building, many pros and consumers are opting for smaller footprints that make more efficient use of space without sacrificing style or luxury. Excel Homes, a Pennsylvania-based manufacturer of custom...
Home Buyer Tax Credit Extension Likely
Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said. After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), Senate Majority...
First Time Buyer Tax Credit Video
Here a fantastic little video about the $8,000 First-Time Buyer Tax Credit. Remember, the home must be closed by November 30th so if you want to take advantage to need to get going right now.