Real Estate News for Friday, November 11th, 2005

Not much in the news today, so let's get it over with!

State commercial market strong. Real estate loan delinquency rates remain low. For seven years running, the delinquency rates for loans on California commercial real estate have been below a half percent, according to a new survey by the California Mortgage Bankers Association. The most recent quarter's delinquency rate of 0.14 percent was the lowest in 30 months, the group said. For purposes of the survey, a loan was considered delinquent if the borrower fell behind on payments by two or more months. The Sept. 30 survey covered $70.6 billion of commercial mortgages being serviced by 17 state mortgage banking firms. That amounts to 12 delinquent accounts of 10,201 commercial real estate loans being handled by the firms surveyed. Fifteen of the 17 companies reported no loans delinquent by more than 30 days. Click here to read more.

I thought this tech article was really interesting. Check it out if you have some extra time.
Tools such as e-mail and instant messaging may have been around since the dawn of the internet era, but it has taken a wireless communications revolution to turn them into a constant and inescapable fact of life for a growing part of the population. WiFi networks - a low-cost technology that can beam large chunks of data over short distances using part of the radio spectrum that was previously the preserve of gadgets such as garage door openers and baby monitors - assure the digitally addicted of a permanent and ubiquitous connection to the wider world. At the same time, more versatile mobile phones have turned text messages into the communications tool of choice for teenagers in Asia and Europe, if not yet the US, while also bringing e-mail to many handsets. For those in the grip of these new networks, life has changed. There’s no such thing as solitude any more, no fragment of time that cannot be filled with digital chatter. Click here to read more.

~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com