Orlando Real Estate Buyers See Opportunities To Enter Market Due To Record Low Rates

Orlando, FL - With interest rates at record lows not seen in a lifetime, real estate agent Jonathan de Jesus in Orlando is suggesting that the time may be ripe for buyers to take advantage of the interest rates being served up by the economy.

De Jesus says that the average interest rate for a 30 year mortgage on Orlando real estate recently dipped to 4.09%, with the average rate for 15 year mortgages getting as low as 3.3%.

"Record low interest rates likes these mean that money is extremely cheap to borrow right now, which is good news for home buyers. Whether you're looking in Orlando, or perhaps for deals on Lake Mary real estate, the timing may be perfect to get a low cost loan."

He says that the Orlando market is worthy of particular attention to home buyers and investors, since it boasts broader interest from prospective buyers than other locations due to the proximity of Disney World.

"International buyers definitely help the economy here, because not only are interest rates low for local buyers, but international buyers have a great exchange rate."

"The combination of these factors makes Dr. Phillips real estate as well as other Orlando real estate a great potential investment."

For more information, please contact:

Jonathan De Jesus
Dominium Realty Group
6236 Kingspointe Parkway #10
Orlando, Fl 32819
407-588-7828
http://www.florida-real-estate.pro

Lee & Associates Adds Two Senior VPs in Chicago, Continues Growth

Chicago, IL - Lee & Associates, one of the largest commercial real estate firms in the country, continues its torrid growth in the Midwest retail brokerage scene by adding a pair of senior vice presidents to its Chicago office. Joseph Herron and Jason Sorce have both joined Lee & Associates Chicago to help bulk up the firm's retail brokerage as part of the its rapid expansion in the Midwest.

"We in Chicago are thrilled with the addition of two seasoned well respected brokers of Jason and Joe's caliber," said Rick Scardino, director of retail brokerage in Lee's Chicago office. "Their combined 25 years of experience are a wonderful addition to the Lee team, and there are plans to add to this dynamic group in the future."

The addition of Herron and Sorce is the latest in a string of new hires for Lee & Associates in the Midwest. The firm also recently added Robyn Smart as a senior advisor in its Indianapolis office. Like Herron and Sorce, Smart's focus is on all aspects of retail brokerage.

Herron joins Lee & Associates from Mid-Amerca Real Estate Corporation, where he spent 10 years as a retail broker. He specializes in retail tenant representation, the leasing of retail commercial property, and is involved with the pre-leasing of proposed power centers. His focus has been on the Metro Chicago trade area, as well as Downstate Illinois.

Sorce brings 12 years of experience in retail leasing, sales and disposition, tenant representation and developments services to Lee & Associates. His experience includes time spent with SRS Real Estate Partners and NAI Hiffman. Sorce's experience in national and local landlord and tenant representation has created value through the understanding of both parties' requirements.

Both Herron and Sorce's professional affiliations include the International Council of Shopping Centers (ICSC).

About Lee & Associates

Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, New Jersey, Nevada, South Carolina, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

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Low Interest Rates Encourage York County Virginia Buyers According To Newport News Real Estate Agent

Newport News, VA - According to York County real estate agent Erin Melton with The Melton Team at RE/MAX Peninsula, potential Newport News Real Estate buyers may be wise to take advantage of historically low interest rates by purchasing a home now.

With rates at record lows, she says she's seen 30 year fixed rates as low as 4% recently. She says this could mean payments of only $1145 for a $300,000 home financed conventionally. Melton says the 15 year fixed rate is even lower, coming in at 3.25% in some cases.

"There's no question that this is a period of exceptionally low rates. Most mortgage professionals agree there is only one way for rates to go, and that is up."

She says that those who are able to purchase a home in today's market are likely to reap the double benefit of buying at historically low prices on York County real estate and low interest rates. As a result, she's seen an increase in the number investors looking for York County homes such as Williamsburg real estate and other nearby towns.

Aside from the low interest rates and prices, there also may be tax benefits from buying a home, but she recommends that individuals contact their tax advisors to learn more about different tax strategies.

"No matter how I look at this real estate market, I see opportunities."

For more information, please contact:

Erin Melton, REALTOR®
The Melton Team with RE/MAX Peninsula
825 Diligence Drive, #126
Newport News, VA 23606
Cell: 757-784-1358
Fax: 866-737-9752
Email: meltonteam@gmail.com
Web: http://TideHomes.com

Commercial Real Estate Managers in San Diego Increasingly Turn to Artificial Turf to Reduce Maintenance

San Diego, CA – Commercial real estate property managers are increasingly turning to artificial turf to reduce maintenance costs and increase cash flow for clients, according to a leading synthetic lawn installer in the San Diego area.

Scot Wozniak of San Diego Lawns, Inc. says that he's seen an increasing trend toward installing water-efficient low-maintenance artificial grass on commercial properties in order to ensure the best cash flow possible on the investment property.

"I can sit down with any property owner and go over the numbers to determine the return on investment for installing artificial turf. In most cases, owners are stunned at how much they spend on water and maintenance costs each month."

He says that commercial properties in particular are prone to over-spending on maintenance and water.

"Larger properties obviously can save quite a bit more each month than smaller properties. While there are some initial outlays to install synthetic lawns, that investment is quickly recouped."

For more information, please contact:

Scot Wozniak
President
San Diego Lawns, Inc.
1035 Surrey Dr
Bonita CA 91902
619-495-0722
http://www.sandiegolawns.com/
scot@sdlawns.com

Mountain Real Estate Capital Acquires Assets in Joint Venture with GL Homes of Florida

Naples, FL - Mountain Real Estate Capital (MREC) announces the closing of a new investment with GL Homes of Florida to develop the 850-home Riverstone Community in Naples, Fla. MREC continues to invest in Florida and now has invested in over 8,300 acres of land and 6,500 home sites located in West Palm Beach, Tampa, Orlando, Jacksonville, Naples and Fort Myers, Florida. The terms of the acquisition were not disclosed.

This transaction represents MREC's third investment in the Naples, Florida housing market. MREC has plans to continue investing in the Naples housing market and believes that demand in Naples will continue to improve in the next few years.

Joel Kaul and Eric Bialke of MREC completed the investment for MREC. Mr. Kaul, managing director, states, "We have maintained our investment focus on Naples and the state of Florida through the housing market correction. We believe there will continue to be opportunities to invest in Florida and that the fundamentals will continue to support housing growth throughout the state."

Mountain Real Estate Capital is the equity investment arm of the Mountain Real Estate Group. Other affiliates include its lending group, Mountain Funding and its management group, Mountain Asset Management. The investment entity is focused on three types of investments:

· Joint ventures with national and regional homebuilders to develop and sell residential lots and houses

· Acquisition of opportunistic assets for its own account or in partnership with developers

· Acquisition of bank REO and NPL portfolios

MREC's homebuilder joint venture program is based out of its Minneapolis office. The national origination team has additional offices in Atlanta, Los Angeles, Richmond, Va. and Newport Beach, Calif. Most of the group is comprised of former bank REO managers who were responsible for the management and disposition of 46,000 lots and homes valued at more than $2 billion. Today, Mountain's team is involved in the ownership or management of over $1 billion of property throughout the U.S. The group continues to focus on joint venture and equity investments with its national network of established developers/builders.

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Press Release Distribution Associates is one of many distribution channels for the above press release and is not contracted by the companies mentioned in this release. For more information on artificial turf, see Real Estate Press Releases.

About Mountain Real Estate Group

Since 1993, The Mountain Real Estate Group has been a leading private capital source for real estate developers, builders and operators seeking to enhance value in their existing projects or to take advantage of new opportunities. In the current environment, developers and builders have been teaming up with Mountain Real Estate Capital nationally to capitalize on the opportunities currently available, either through the restructure of their existing equity or debt arrangements or the joint purchase of a newly identified distressed opportunity. Mountain's equity fund is organized to invest up to $1 billion in these types of opportunities. For more information, visit www.mountainregroup.com.

Historically Low Orlando Real Estate Prices Continue Due to Excess Supply of Listings In Market

Orlando, Fla. - According to Orlando REALTOR® Jonathan de Jesus, the high inventory of real estate listings in the Orlando area means buyers can count on continued bargains for the near future.

How long the bargain-basement prices on Orlando real estate will last is debatable, according to de Jesus, who says that it depends on factors like the overall health of the U.S. economy and future mortgage legislation changes.

"Everyone is looking for bargains, from the first time home buyer to the real estate investor, and the market is providing great opportunities for both. The excess inventory has not only served to lower the entry barrier for buyers, but given them more properties to choose from as well."

De Jesus says he's seeing increased interest from international buyers due to the combination of rock bottom prices and the weakness in the U.S. dollar.

"The international buyers have definitely helped to balance out inventory with demand, but whether we're talking about Baldwin Park condos or Windermere foreclosures, price is driving the market right now."

"I believe those who are able to buy in the Orlando market right are getting in at historically low prices and interest rates. That's a great combination!"

For more information, please contact:

Jonathan De Jesus
Dominium Realty Group
6236 Kingspointe Parkway #10
Orlando, Fl 32819
407-588-7828
http://www.florida-real-estate.pro/

Meridian Real Estate Agent: Lower Prices Allow More Pastors To Buy Homes

Meridian, ID – For pastors, lower prices for real estate have been truly a blessing, allowing some to buy a home for the first time, according to Meridian real estate agent John Espinosa.

Espinosa, who comes from a family deeply involved in Christian ministry, says that the economic downturn has hurt a lot of charitable organizations, to be sure. But he says that ministers who have a steady income, however sparse, can often afford to buy a home now, whereas before they couldn't.

"In the past, incomes were an issue, of course; everyone knows your average pastor doesn't make a lot of money. The biggest problem in the way of home ownership, however, was high real estate prices, and now that they've come down a bit, we're seeing more pastors able to afford to buy a home."

He says that since the most active price point over the past few years has fallen to below the $100,000 mark, affordability has worked in the favor of those serving the church who want to buy a home.

"Many ministers have felt like the sense of permanency and security a family feels as a result of owning a home was unattainable. The weak economy has done a lot of harm, but the one good thing it has done is make Boise, Meridian and Eagle homes very affordable."

For more information on Idaho real estate, contact:

John Espinosa
RE/MAX Advantage
5680 E Franklin Rd, Suite 100
Nampa ID 83687
208-484-7837
http://www.meridianidhomes.com
john@espirealestate.com