March 22nd, 2010:
Option-ARM Rates Could Spike
Option-ARM loans represent fewer than 2 percent of all home loans, but those loans add up to nearly $300 billion because they were written to finance pricey homes, according to research firm First American CoreLogic.
So far, rates on many option ARMs haven’t risen because overall interest rates have stayed low. But if actions by the Federal Reserve push rates up, then option ARMs will go up as well.
Unless these option ARMS are quickly restructured, a large share of these borrowers will walk away, says Paul Leonard, director of the Center for Responsible Lending’s California office.
Source: Los Angeles Times, E. Scott Reckard (03/20/2010)
Real Estate Investors Get Back in the Game
Flags frame Duke Street square
Real estate investors are back, say the National Association of REALTORS® and other market observers.
Investors made more than 17 percent of home purchases in January, with 26 percent of all sales transacted in cash.
“We bottomed out in 2008, and in late 2009, prices stabilized and investors have returned,” says Mark Fleming, chief economist at research firm First American CoreLogic. “It’s a different type of investor going after foreclosed properties and expecting to hold on for longer time frames.”
These buyers believe that the only direction housing values can go is up, because it costs more to build than it does to buy. Leonard Baron, a real estate professor at San Diego State University, says. “It’s because prices have dropped so much and rents really haven’t. The deals were unbelievable.”
Source: USA Today, Stephanie Armour (03/22/2010)
Map of Carlyle Towers
Here’s a map of the Carlyle Towers and surrounding area, with homes and condos listed for sale in this area.
For more details, click the map. If the map shows the entire world, that means there is not anything for sale at Carlyle Towers right now. As you can see the area is well served by bus stops. The Yellow and Blue Metro Lines split/intersect behind Carlyle Towers. Carlyle Towers is located between the Eisenhower and King Street Metro Stations.
Views to Skyline Square
Skyline Square neighborhood
Lobby
Entrance
Pool room
Skyline Square
Showing properties
1 - 4 of 4.
See more Skyline Square.
(all data current as of
5/21/2012)
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$235,000 : 5501 Seminary Rd #210s, Falls Church2 beds, 2 full baths
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$189,900 : 5501 Seminary Rd #1303s, Falls Church1 bed, 1 full bath
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$242,000 : 5505 Seminary Rd #2306n, Falls Church2 beds, 1 full bath
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$199,500 : 5505 Seminary Rd #2107n, Falls Church1 bed, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
