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The Commerce Department reports that national housing starts average rose 15% to an annualized rate of 872 Thousand units! From August to September Housing permits jumped 11.6% to an annualized rate of 894 Thousand units.
The figures are much higher than expected well ahead of the 590,000 forecast.
Last week the Supreme Court provided real estate brokers good clarity about administrative fees charged by brokerages by ruling in favor of Quicken Loans in a lawsuit over unearned fees in the Real Estate Settlement Procedures Act (RESPA).
The fees the lender charge, known as loan processing or a loan discount fee, had violated federal settlement laws. The plaintiffs in the lawsuits argued that the fees were unearned because they weren’t tied to a specific service. Quicken argued that the prohibition, in RESPA, only applies to fees which are split with another settlement service provider. Since it wasn’t split with anyone else, Quicken’s loan processing fee couldn’t constitute a RESPA unearned-fee violation. NAR, siding with Quicken, Continue reading ‘Clarity Provided by Supreme Court on Brokerages’ Administrative Fees’
BizBuySell’s Q1 data indicate most business sale transactions since fourth quarter of 2008 First Quarter 2012 Insight Report Summary Business-for-Sale Transactions Jump Nearly 4% from First Quarter of 2011 According to BizBuySell.com Insight Report. BizBuySell.com has released its latest economic data for the first quarter of 2012. The company’s data tracks trends in the sales of small businesses for sale and the latest data shows that nearly four percent more businesses were sold in the first quarter of 2012 compared to the same period last year. The results were included in BizBuySell’s First Quarter 2012 Insight Report.
The report, which aggregates business-for-sale transactions Continue reading ‘Business-for-Sale Transactions Jump Nearly 4% from First Quarter of 2011′
There are more misunderstandings, rumors and false information about the E-2 visa than most any other visa category. Moreover, the increasing popularity of the EB5 program has lead potential investors to “mix and match” the criteria of the E-2 and the EB5 when discussing investments as a possible vehicle to the U.S. “EB5” simply means the fifth preference classification of the employment-based immigrant visa structure. Its purpose is to Continue reading ‘The E-2 Treaty Investor Non-immigrant Visa: Fact or Fiction?’
Lets Say You Want to Buy a Restaurant…
The restaurant industry tends to be a fairly stable one. Despite the state of the economy at any given time, people always need to eat. Further, when individuals have less time to prepare meals at home, they tend to frequent restaurants even more. As a result, when entrepreneurs seek to find a business for sale, they frequently turn to restaurants. When you are looking at restaurants for sale, two factors to consider include food quality and location. If you can find a business that has a great location and good food, you should be poised for a solid moneymaking endeavor. http://www.buytradebiz.com/ Continue reading ‘Restaurants for Sale-Do You Need to Know Food?’
Below are the interest rates as of today and they are looking good!
Conventional 30 year fixed - 4.75%
Conventional 5/1 ARM - 3.125%
FHA / VA / USDA - 30 year fixed - 4.50%
JUMBO 30 year fixed (loan amounts $442,501 - $2,000,000) - 5.125%
Construction to Permanent 30 year fixed (Primary OR Second Home ) - 4.75%
Some Banks have lowered their FHA Minimum Credit Score Requirements!
For example, BB&T will now permit credit scores below 620 on FHA loans based upon these requirements:
Each loan with FICO scores between 580 – 619 must receive an automated desktop approval with the following underwriting criteria:
Down payment of 5% versus the standard 3.5%
Gift funds not allowed
Seller concessions of 3% maximum
Debt to Income ratio of 43% maximum
Reserves equal to 2 months of the Principal, Interest, Taxes and Insurance payment (PITI)
Concentrated- Via Jesse Turner MBA
Most of you reading this consider yourself- organized, disciplined, focused, goal-oriented, and ambitious- or maybe at least a one of these. But these adjectives do not imply results.
Many of us constantly think of an ideal. We have ‘goals on our mind. But often this is in a whimsical fashion. And with so many things vying for our attention, it is difficult to concentrate on the task at hand. We have multiple goals we are working towards simultaneously. Life goals, family goals, work goals… And then we have media- everywhere it can be conceivably input- it will be there to catch your attention.
A skill of the uber successful is the willful control and direction of thought. My quick tip today:
BLOCK OFF TIME- And I mean truly block off time. Completely immerse yourself into the task at hand. Ignore everything else. Emails, phone calls, people walking by your cubicle. Do not even look up. Focus on the objective. You have work to be done- Now do it. Embody the Nike spirit- “Just Do It” and nothing else. Let no thought enter your mind. Inevitably other minutia will encroach on your Block of task time. If you truly pay attention, you will notice how often your mind drifts and loses it concentration. But to get what you want in life- today, not tomorrow- to be most effective: CONCENTRATE.
Housing starts tumbled more than 22% to an annual rate of 479,000 in February 2011, outstripping analyst predictions of a large 4.4% decline. This is BREAKING NEWS: Housing Starts Post Biggest Drop Since 1984. More at: Fox News
When the demands of business and home responsibilities have you feeling like you are swimming upstream with fifty pound weights on your legs, you may wonder how you can possibly cope. Achieving your professional goals has noble intentions—the good life for your family. Yet, missing your child’s dance recital or your parents’ 25th wedding anniversary can make the good life seem a guilt ridden affair and cause resentment at home. Continue reading ‘Balancing Home and Business Life’
MANATEE — The county’s long-range road plan, sign ordinance and efforts to encourage more port-related development could undergo changes — some of them major — officials told an advisory board Thursday.
Manatee County needs to scale back its road plan because it’s “excessive” and too expensive to implement, officials told the Manatee County Planning Commission during a workshop. The sign ordinance also needs to be streamlined and the Port Manatee Encouragement Zone’s boundaries likely will be expanded, county planners said. Continue reading ‘County road plan, sign rules, port efforts may be altered’
FL Broker #CQ1003173.
Phone: 941-713-0635
Fax: 941-729-7441
 An Equal Housing Opportunity Realtor®
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