113 posts tagged Escala

Mother’s Day History Contrary to popular belief, Mother’s Day was not conceived and fine-tuned in the boardroom of Hallmark. The earliest tributes to mothers date back to the annual spring festival the Greeks dedicated to Rhea, the mother of many deities, and to the offerings ancient Romans made to their Great Mother of Gods, Cybele.

Now could be a great time to buy a million dollar home in a nice area at a bargain price. Forbes magazine has identified Rancho Santa Fe, Calif., Marco Island, Fla., Castle Rock, Colo., Annandale, Va., and Bergen County, N.J., as five high-end areas where million dollar foreclosures abound.

One little-known reason there are fewer active prospective homebuyers in today’s market is that couples are often still living together in the same residence after their divorce. One spouse cannot afford today’s home prices or qualify for a mortgage.

The subprime mortgage crisis continues to claim casualties, and some of them aren’t even homeowners. In California, scores of renters are being kicked out of their homes, even when they haven’t missed a single rent payment. Shirley and William Hayes love the house they’ve been renting in a comfortable subdivision outside San Francisco.

A swath of green is covering the real estate industry. Florida, Nevada and Michigan are the states experiencing the greatest problems with mortgage foreclosures, according to a study and report by the Mortgage Asset Research Institute, LLC, for the Mortgage Bankers Association.

Investors who like to buy homes and multi-unit structures for rentals are finding that college towns are among the most potential markets. While most property values are declining, those in college towns are generally rising, and there is always an ample supply of renters (students and others) in these areas.

Escala Update Categories: Real Estate News, New Construction, Escala, Midtown Escala Update: Summary of important and exciting news as of 5/5/08- - Having sold more than 50% of the total inventory, LEXAS Companies has announced the release of new the new home inventory on floors 9, 28 and the sub-penthouse level.

This from staff writers Jeanne Lang Jones & Kristen Grind at the PUGET SOUND BUSINESS JOURNAL: With 40 condominium projects in the pipeline for downtown Seattle one might expect a glut of new units on the market. But tight fisted lenders and hesitant buyers, both reacting to the nationwide credit crunch have severely hobbled the once high-stepping market.

Many homebuyers, particularly first-time buyers, are very happy to see home prices dropping in their local market. However, they now face tougher requirements in finding mortgage financing for their newly purchased residence. Mortgage interest rates have been generally rising, with occasional downward dips as was recently experienced.