Posted by Carry Brooks on January 23, 2012
Single-family home sales in the Bay State dropped 5 percent last month to 3,380, reversing five prior months of year-over-year sales gains, according to a report issued today by The Warren Group.
In all of 2011, single-family home sales statewide dropped nearly 6 percent to 38,994, down from 41,389 home sales in 2010. This is the lowest amount of annual sales recorded in Massachusetts since 1990, when there were 35,819 sales.
“It’s a bit disheartening to see a drop in sales in December after gains in sales volume for five straight months,” said Timothy M. Warren Jr., CEO of The Warren Group. “
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Posted by Bruce Tipson on January 20, 2012
The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage dipped to 3.88 percent this week, down from the old record of 3.89 percent a week ago.
The average on the 15-year fixed mortgage ticked up to 3.17 percent from 3.16 percent, which was also a record low. Records for mortgage rates date back to the 1950s.
Mortgage rates tend to track the yield on the 10-year Treasury note, which fell below 1.9 percent this week.
For the past three months, the 30-year fixed mortgage rate has hovered near 4 percent.
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Posted by John Willsen on January 16, 2012
LOS ANGELES Griffin Capital Taps Sales Veteran as Pres. of Capital Markets By Laurie Forbes 
Griffin Capital Securities hired Jeffery Schwaber as president of capital markets and to oversee the distribution of Griffin Capital Net Lease REIT and Griffin-American Healthcare REIT II. He will be based at the company’s corporate office in El Segundo, CA. Schwaber is a veteran sales leader with more than 27 years in the financial services industry. He formerly served as executive vice president and national sales director at Behringer Harvard Real Estate Investments, where he assembled and managed a sales group that raised more than $5.5 billion in less than nine years. H Read all post…
Posted by Bruce Tipson on January 16, 2012
MIAMI – The Federated Companies, a leading national real estate investment and development firm, has selected The Dartmouth Company and WRE Commercial Brokers as the exclusive retail leasing agents for Maritime Landing.
Maritime Landing is The Federated Companies’ 1 msf, mixed-use development project in the Bayside neighborhood of Portland, Maine. Peter Considine of The Dartmouth Company and Jay Wise of WRE Commercial Brokers will market and lease the retail segment of Maritime Landing on behalf of The Federated Companies.