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Rising Mortgage Rates Sink Homebuyer Demand

Pro Builder

As 30-year fixed-rate mortgages with conforming loan balances reach their highest level since 2002, the share of borrowers who benefit from refinancing is at a record low. As prospective homebuyers struggle to keep up with rising housing costs, many are now turning to risker adjustable-rate mortgages (ARMs) to secure lower rates.

Housing 52
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NAR’s 40th Annual Profile of Home Buyers and Sellers

Pro Builder

This is the highest median percent since the data series started in 2002. It is less common for first-time buyers to pay all cash for a home, but 4% of first-time buyers did not finance their purchase. The typical seller received the asking price for their home. Thirty-five percent of sellers received more than asking price.

Equity 52
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Maryland Schools will No Longer be LEED Certified

Green Building Law Update

Existing State Finance and Procurement Code Section 4-809(f) was amended adding new section (6), providing in relevant part, the Maryland Green Building Council shall: “(6) develop guidelines for new public school buildings to achieve the equivalent of the current version of the U.S. But no longer. Maryland House Speaker Adrienne A.

Maryland 240
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Creative Lodging Solutions LLC To Add 120 Jobs In Lexington, KY

Buisness Facilities Contributed Content

Founded in 2002, CLS provides customized lodging programs for corporate clients nationwide, specializing in long-term and project-based stays for business travel. To encourage the investment and job growth in Fayette County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.7

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. His 2002 team successfully competed with powerhouses, and even though they lost in the playoffs, the team won 20 consecutive games that year. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management.

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New Jersey’s CCIT Helps Companies Generate Over $130M In Revenues

Buisness Facilities Contributed Content

Since the life sciences incubator opened its doors in 2002, tenant companies have generated more than $130 million in revenues during their time at CCIT, and received $385 million in outside funding. million through state financing. The companies also obtained more than $10.6

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Guest Blog – 5 Common Misconceptions About Surety Bonds

Construction Law Monitor

For example, between 2002 and 2013, sureties have covered more than $13 billion in claims, which do not include additional claim expenses that also go in the billions. Sometimes they finance contractors through tough times, especially if they have a well-built long-term relationship. However, this isn’t always the case.