Real Estate: Dollars and Sense: Now's The Time To Buy A Home. With recently proposed guidelines issued by bank regulators on nontraditional mortgage products(any loan that is not a 15 or 30-year fixed loan), some lenders may begin tightening up the reins making it more challenging to qualify for a mortgage than it's been in years. Should financial institutions follow the proposed guidelines, they could derail the 2002 national mandate to make homeownership an obtainable goal for all Americans. The task is outlined in "Blueprint for the American Dream," a Bush- administration initiative to boost minority homeownership. This aggressive housing agenda invites both private and public partnership to increase homeownership among minorities to 5.5 million by 2010 via the elimination of reported barriers. Click here to read more.
Infrastructure: The global dilemma and its potential impact on real estate. Commercial real estate expertise -- and perhaps even U.S. institutional real estate capital -- may provide both capital and creative solutions for the growing global issue of infrastructure development and rebuilding, according to the global leader of Ernst & Young's real estate group. Dale Anne Reiss, New York-based leader of Ernst & Young's global real estate practice, says that infrastructure issues are so important in the U.S. and other major economies, they could end up dominating real estate planning and investment decision making for years to come. As evidence of this, she points to work now underway in New Orleans, as well as the $222 billion plan proposed last week by Governor Arnold Schwarzenegger to upgrade California's aging infrastructure over the next 10 years. 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
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