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More Sunroom Customers Over Past Six Months Choose To Match Roofing of Home, Says President of Venetian Builders, Inc., Citing Better Economy, Low Interest Rates


MIAMI, FL (PRWEB) February 22, 2013

More people who expand their homes with aluminum sunroom additions have been choosing to match roof materials to those on the original home, said Christopher Noe, president of Venetian Builders, Inc., Miami, commenting on a trend hes seen develop over the past six months.

Sunrooms can stand safely and weather tight with just their insulated roofing panels, Noe said. Many homeowners go that route simply because its the most affordable way to get all-season square footage. But increasingly, especially over the past half-year, buyers of sunroom installations are asking us to match the roofing on their home.

The advantage of matched roofing is purely aesthetic, Noe said.

Go to a gallery of quality sunrooms and youll see that if a roofline is continued over the sunroom, matching roof materials makes the end result appear as one unit, not an addition, Noe said. If the roofline is separate, matching the clay tiles or other roofing materials still makes the sunroom look like it belongs.

What Noe expects to see is a decision by more patio room customers, not just sunroom buyers, to match roofing materials.

The buyer of, say, a Miramar patio enclosure typically has a lower budget than the buyer of a Boca Raton sunroom, Noe said. But with the advances in insulated all-weather patio enclosures, homeowners are discovering that adding enclosed patio room living space is affordable, and they have money left in their budget for roof matching.

Citing reports from census.gov, Noe notes that Americans moved more in 2012 than in 2011, but still at historically low rates. The longer stays are combining with improving real estate markets to increase equity.

To get the space they need, homeowners are adding on, Noe said. Its cheaper than buying a bigger house and paying closing costs and moving charges.

The time from permitting to occupancy on an aluminum-frame addition is shorter than for traditional construction methods, Noe said, adding convenience.

Low interest rates make additions more affordable, he said. Bankrate.com recently reported the average rate for a home-equity line of credit was 5.03 percent.

Go to an online loan payment calculator such as ihsloans.com and youll see that a $ 25,000 loan would cost just over $ 265 a month with a 10-year payoff, Noe said. Thats doable for many homeowners who have been in their homes a while and built up equity.

Venetian Builders installs sunrooms, patio enclosures and strong but elegant screen pool enclosures in West Palm Beach, Weston, Wellington, Davie, Miramar, Fort Lauderdale, Deerfield Beach, Boca Raton, Miami, Homestead and all communities nearby. Venetian Builders estimates are free, detailed and written.

For more information, call Venetian Builders, Inc., 866-596-2427.







Houses.com Finds Increased Website Interest in Medical Cannabis Lenient States


Miami, Florida (PRWEB) December 19, 2012

As the dust settles in the weeks following the Presidential Election, Americans are returning to life as usual. Gone are the political ads, debates and polls and most citizens are thankful to that end. However, the leading real estate website, Houses.com is detecting a small yet increasing trend under current in the ocean of politics. There is an amplified interest in the states where medical marijuana can be used without criminal consequences.

The voters in the states of Washington and Colorado have gone a step further and given their blessing to the recreational use of marijuana. Many other states have passed similar legislation that downgrade possession of the drug to the equivalent of running a stop sign. Each state will have different ordinances as to how much you can carry without the fear of facing a judge but, that aside there is a growing trend to legalize the use of medical marijuana in the United States.

The infographic illustrates (in green) the states that have legalized or passed laws allowing either the medical or recreational use of the plant. One eye opener was the increased number of homes for sale searches in New York and Maryland on Houses.com. Several states saw increases in the single digits; the searches in the tiny state of Maryland swelled to a full 14% and a whopping 22% in New York.

There are no hard and fast demographics for these online queries but when most people look for a home they generally have a stable income and the financial means to make the move. Widely distributed studies would lead most to believe it is the teenagers and the early 20s network that use marijuana. For more information, see the recent study by the American Medical Association: http://www.druglibrary.org/Schaffer/hemp/medical/block.htm. Nevertheless, those age groups by and large, don’t have access to the cash reserves needed to make major purchases like a home.

Although the increased traffic is by no means immense yet, the percentages of increases were enough to catch more than a few eyes. Founder and CEO of Houses.com, Richard Swerdlow commented on the recent findings, “The U.S. is traditionally conservative and cautious about the use of marijuana. Looking at the traffic by state breakdown paired with recent legislation on the drug suggests that citizens may want to see that changed.”

The inforgraphic clearly illustrates that the plain states, the Southeastern Seaboard and Southern states, are more conservative in their approaches to marijuana. Many citizens who are in favor of these relaxed measures are predicting it is just a matter of time before all states have some kind of legal verbiage for marijuana and its use.

For more in depth information on this subject read the full article here: http://www.houses.com/Learn/HousingNews/Marijuana-Tolerant-States-Attract-Homebuyers-to-Houses.com. Realtors in these 20+ states may want to keep their eyes on the marijuana legislation in their vicinity. When the topic is brought up in conversation; being prepared to answer client’s questions with an informed and educated voice may be an advantage.

About eReal Estate Holdings

eReal Estate Holdings LLC owns and / or operates the category-defining portals Condo.com, Houses.com, Property.com and Location.com. These real estate portals are the world’s largest online marketplaces for real estate with more than 30 million properties for sale, rent and vacation in the United States and 70-plus countries around the world. The sites receive more than 1.5 million visitors per month, and cost-effectively deliver exposure and qualified leads to builders, real estate professionals and homeowners. In addition to property for sale and properties for rent, site visitors have access to a wide variety of real estate-related products and services, including mortgages, credit repair, home improvement, moving and more. Location.com was launched in beta in November 2012 in order to capitalize on the rapid growth of location-based advertising and search.

The privately held eReal Estate Holdings LLC is headquartered in Miami, Florida. For more information, please visit http://www.erealestateholdings.com.







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The Off Market Association: Will Continued Low Interest Rates Attract CMBS Investors in 2013?


San Francisco, CA (PRWEB) December 13, 2012

Over the course of 2012, investors have been increasingly pouring money into Commercial Mortgage Backed Securities (CMBS) and related funds, as investors see a recovery in the commercial real estate market and chase the attractive CMBS yields.

Yields on senior bonds tied to the commercial real estate sector have been narrowing and now stand at just 145 basis points more than benchmark swap rates, the tightest level since the middle of 2008. In comparison, the spread on debt issued by financial companies now stands at 143 basis points over benchmark swap rates.

What about 2013 and beyond? The CMBS market is clearly benefiting from interest rate forecasts, which project the Federal Funds rate will remain near zero through the middle of 2015. This low rate has been prompting investors to consider riskier assets in an effort to boost yields. This in turn has helped property owners who had feared they might be unable to refinance loans coming due in the 2012-2014 timeframe. Unlike other types of lending, CMBS originations are accelerating in an effort to meet CMBS demand. 2012 will see some $ 46 billion in new CMBS issues, which is a 50 percent increase over last years issues, and the possibility for over $ 60 billion in 2013.

Improving financing conditions are a clear positive for the legacy CMBS market, said the JPMorgan analysts led by Ed Reardon in New York, referring to commercial-mortgage backed securities sold during the peak of the property bubble before credit markets froze after the September 2008 collapse of Lehman Brothers Holdings Inc.

However, Fitch Ratings cautions on the legacy CMBS loans in special servicing, which dropped by almost $ 6 billion by the end of the third quarter. Fitch analysts say, “the trend toward a smaller specially serviced loan pool may be difficult to maintain over the longer run [with conflicts of interest]. The large volume of maturities that will begin in 2015 and run through late 2017 are difficult to predict amid uncertain interest rate trends and the current delicate recovery in the business cycle.”

About The Off Market Association

The world is changing and has changed. Old ways of doing business dont always apply. The Off Market Association (OMA) brings a new, exciting and visionary way to do business to all our members.

OMA uses a cutting edge technology and platforms, a deal desk, and extensive contacts across the US for commercial real estate transactions, bank note sales, small business advising and SBA loan services. The OMA is affiliated with Sunovis Financial and Genesis Capital to provide investors with access to capital and quick financing.







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