An October 2021 snapshot of real estate activity in the Reno / Sparks #Reno #Sparks #Nevada #RealEstate
Showing posts with label Market. Show all posts
Showing posts with label Market. Show all posts
Monday, November 22, 2021
Friday, January 30, 2015
Subprime Bonds Are Back With Different Name
(Bloomberg) -- The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don’t call it subprime.
Hedge fund Seer Capital Management, money manager Angel Oak Capital and Sydney-based bank Macquarie Group Ltd. are among firms buying up loans to borrowers who can’t qualify for conventional mortgages because of issues such as low credit scores, foreclosures or hard-to-document income. They each plan to pool the mortgages into securities of varying risk and sell some to investors this year. JPMorgan Chase & Co. analysts predict as much as $5 billion of deals could get done, while Nomura Holdings Inc. forecasts $1 billion to $2 billion.
Sunday, December 21, 2014
Luxury home sales rise
Luxury home sales in the Denver area rose slightly more than 19 percent in November, compared with November 2013, according to a report released today.
A total of 81 luxury homes sold in November, up from 68 in November 2013, a 19.1 percent increase, shows the report by Coldwell Banker Residential. The report is based on Metrolist data.
Meanwhile, the median sale price of a luxury property last month was $1.322 million, down fractionally from a year ago when it stood at $1.325 million.. November’s median sale price was up 5.2 percent from October.
Homes also sold at a faster pace on average in November than they did a year ago, and sellers received a higher percentage of their asking price on average.
http://insiderealestatenews.com/2014/12/15/luxury-home-sales-rise/
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