In a piece for HousingWire, Eric Fox, vice president of statistical and economic modeling at Veros Real Estate Solutions, outlines the tough situation in which the Atlantic City, N.J. housing market finds itself. According to his company's VeroFORECAST, which projects real estate appreciation in 342 MSAs
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To determine the purchase price of the real estate, divide the transfer fee by 0.003. For example, a transfer fee of $250 would indicate a purchase price of $83,333. Real estate sold at a price of $100,000 would have a transfer fee of $300. OTHER NEWS: Manitowoc man arrested after four run-ins with
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We've had a front-row seat these last 11 years to watch innovative leader and outspoken problem solver Michael Sorrell turn around Paul Quinn College in southern Dallas. Now the world is taking notice: Sorrell, president of the historically black college, has just been named to Fortune magazine's 2018
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âIt's vital that regulators come together to address cliff edge risks,â said Simon Lewis, chief executive of pan-European banking lobby AFME. Britain's Financial Conduct Authority wants to start working with its EU counterparts immediately on making sure that trillions of pounds in cross-border derivatives
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Young Americans looking to buy a home are facing tough times this spring as low inventory and high prices meet strong demand. But the localness of real estate means that there are wide differences between the toughest markets for millennials and those where they should find buying a home relatively
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EAST PROVIDENCE, R.I. (WPRI) â Friday is payday for many people. However, Citizens Bank customers expecting to see money in their accounts woke up to find their direct deposits hadn't gone through. According to a tweet, the bank said a processing delay prevented transactions from being posted
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Monthly Mortgage: $1,878 (based on this week's national average rate of 4.42 percent, according to Freddie Mac, for a 30-year fixed-rate mortgage with a 20 percent down payment. Fees and points not included.) Total taxes: $15,758 (Based on assessed value of $459,900). Built: Originally built 1989.
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Accord Mortgages has launched a range of 95 per cent LTV mortgages specifically for first-time buyers. The deals are available at two and five-year fixed rates and come with £1,000 cashback on completion and free standard valuation. Certain deals are available fee-free, including a two-year fix at 3.94
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Mortgage rates moved higher this week. They are holding fairly steady at those levels as we finish out the week. It seems as though they are more likely to move higher than lower over the coming weeks so anyone looking to buy a home or refinance their current mortgage is probably going to be better
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The Freddie Mac loan includes a seven-year term, fixed rate and 36 months of interest-only payments. Aron Will of CBRE National Senior Housing, along with Andrew Behrens and Jesse Weber of CBRE Multifamily Institutional Group, arranged the financing. Facebook Twitter Email LinkedIn Share
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Blockchain real estate transactions, records, and marketplaces could radically change the way we think about property. Current systems for tracking and trading real estate are disjointed and inefficient. There's an enormous opportunity for blockchain to standardize and secure real estate data.
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Nixon was promoted this month to chief banking officer at Umpqua, where he'll help lead the bank into a more technologically-savvy future through its âhuman digital strategy.â Before joining Umpqua in 2016 as vice president of commercial and wealth, Nixon spent about 10 years at Bank of America and
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However, a shortage of homes for sale is expected to continue to shore up the housing market. An industry group said earlier on Friday that in 2017/18 financial year, housing starts of 154,698 were 2 percent lower than a record high in 2016/17. Prime Minister Theresa May wants construction of new
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Q: I live in a beautiful community that is well maintained by the board and its various committees. All is great, except for the roads â they are ugly with oil marks and patched areas. I have asked after this, but it does not seem to be a priority of the board of directors. How do I get the board to address this
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Roberta Blevins likes to talk to strangers. If you're next to her on an airplane or behind her at the grocery checkout, she'll notice something about you that she finds interesting and ask you about it. âI'll be like, 'Oh, you're buying apples? I love apples! What's your favorite kind?' â she says. âMy husband
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If you're regularly buying from and selling abroad, fees could soon take a portion of profit from your bottom line. Pick a provider whose fees are transparent and made clear upfront so you can better manage your expenses. Look for a service where rates are consistently good â don't be lured with teaser
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Mortgage rates today are nearly unchanged from yesterday's. The only economic news was not great for rates. The release of the first quarter 2018 Gross Domestic Product (expected to increase 2 percent), and Consumer Sentiment (expected to increase to 98.0) both showed greater-than expected
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âThe latest GDP growth rate of 2.3% is short of what is possible,â NAR Chief Economist Lawrence Yun said. âResidential investment spending showed zero growth because single-family and condominium construction have not been growing meaningfully. In America today, there is a major housing crisis.
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As neighborly disputes go, this one really has dragged on. Some 65 years since open hostilities ended, North and South Korea are still technically at war. However, after a sudden warming of relations this year, Kim Jong Un became the first North Korean leader to visit South Korea on April 27. He held
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I am going to take a deep dive into AND International Publishers NV.'s (ENXTAM:AND) most recent ownership structure, not a frequent subject of discussion among individual investors. A company's ownership structure is often linked to its share performance in both the long- and short-term. If an activist
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