This article is an effort to help the many British home buyers who are continuously struggling with the task of comparing flexible mortgages. This is thanks to some of the mortgage service providers across the UK, who use complicated mortgage terms to illustrate various points, thus leaving naive borrowers bemused and sometimes mislead. Therefore, if you have been unable to understand the specifics of a mortgage deal and are still occupied with the mission of comparing flexible mortgages, read on and open the doors to the flexible mortgage mystery. (more…)
So you need cash. Not just a little. You may need to invest in a promising new venture, so you would need significant figures. But how could you secure that amount? (more…)
No surprise here, as the S&P/Case Schiller Home Price Index shows the continuing unwind of our local real estate market. Median sales prices for March (year-over-year) were down 14.1%, in near lock-step with the reported national average of 14.4%. Bloomberg reports the most useful summary, which can be applied to our market, and nearly all others: “There is excess supply, weakening demand, prices are falling and will continue to fall,'’ said Kevin Logan, senior market economist at Dresdner Kleinwort in New York. “Housing sales are still trending lower.'’ We’d only add that demand in many quart (more…)
Finance and Commerce reports on the status of Downtown Minneapolis’ North Loop Condo Pipeline (Pipeline = industry-speak for planned and in-process projects): The new, under-construction Twins stadium has been touted as a catalyst for new development. But so far, new development has been slow to take off in North Loop. The previous wave of residential condo development has largely ground to a halt. And amid the bumpy economy, there isn?t much fresh development in the current pipeline around the ballpark, slated to open in the spring of 2010. From the perspective of a developer, this not only b (more…)
