Gary Sandler For the Sun-News Published 1:34 PM EST Jan 13, 2019 According to a Jan. 7 report from the Las Cruces Association of Realtors, 2018 was the third-best production year on record for Las Cruces-area home sales. Local Realtors sold a total of 2,105 new and existing homes, townhomes and condominiums in 2018; falling just shy of the 2,136 homes sold in 2005, which was the second-best year ever. The all-time best year in Las Cruces sales history was 2006, when 2,303 homes changed hands. The $203,880 average combined sales price of the 2,105 new and existing homes, townhomes and condominiums sold last year was the fourth-highest annual average price recorded in our area. The highest average annual sales price of $222,147 was posted in 2007, followed by averages of $218,016 in 2008 and $215,591 in 2006. Free-standing, single-family homes were responsible for 1,966 of the total closed sales, with townhome and condominium sales accounting for the remaining 87 and 52 … [Read more...] about 2018 third-best year for home sales in Las Cruces
2 year vs 5 year fixed rate mortgage
ANCHORAGE, Alaska, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported earnings of $5.3 million, or $0.75 per diluted share, for the third quarter of 2018 and $15.2 million, or $2.17 per diluted share, for the first nine months of 2018. Strong contributions from the community banking franchise, with slightly decreased volumes in its mortgage banking division, contributed to solid third quarter and year-to-date profits. “We continue to benefit from the rising interest rate environment, lower corporate tax rates and the planned expansion of the Alaska natural resources infrastructure,” said Joe Schierhorn, President, CEO and COO. Earlier this month ConocoPhillips announced that “oil is flowing at the Greater Mooses Tooth No. 1 drill site, part of the National Petroleum Reserve-Alaska.” According to a recent article in Petroleum News, “the project … [Read more...] about Northrim BanCorp Earns $5.3 Million, or $0.75 per Diluted Share, in 3Q18; Reflects Solid Contribution from Its Core Community Banking Franchise
Fourth quarter consolidated revenue improved 7% and operating income before restructuring costs and amortization1 improved 17% year-over-year due to strong financial results from all business segments Wireless postpaid net additions of 85,000 in the quarter and average revenue per unit (“ARPU”) growth of 9% year-over-year Wireline operating income before restructuring costs and amortization1 improved 15.7% in the quarter primarily due to continued revenue growth in Business and Internet combined with approximately 9% lower operating costs year-over-year Full year 2018 consolidated operating income before restructuring costs and amortization1 of $2.09 billion in line with guidance of approximately $2.1 billion and Free Cash Flow of $411 million exceeds guidance of $375 million CALGARY, Alberta, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Shaw Communications Inc. announces consolidated financial and operating results for the quarter ended August 31, 2018. Revenue … [Read more...] about Shaw Announces Fourth Quarter and Full Year Fiscal 2018 Results
/EIN News/ -- THIRD QUARTER 20181 HIGHLIGHTS GAAP diluted EPS was $0.61, up 27.1% QoQ and 74.3% YoY Core diluted EPS was $0.54, up 10.2% QoQ and 45.9% YoY Net interest income of $41.5 million, down 2.6% QoQ, and 3.5% YoY Net interest margin was 2.71%, down 5bps QoQ and 19bps YoY GAAP and core ROAE were 12.9% and 11.4%, compared with 10.5% and 10.6%, respectively in 2Q18 GAAP and core ROAA were 1.1% and 1.0%, respectively, compared with 0.9% for each in 2Q18 Tax benefit of $0.06 per diluted share due to release of previously accrued tax liability UNIONDALE, N.Y., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced its financial results for the third quarter ended September 30, 2018. John R. Buran, President and Chief Executive Officer, stated, “We are pleased to report earnings per diluted common share of $0.61 for the third … [Read more...] about Flushing Financial Corporation Reports 3Q18 Earnings Per Diluted Share of $0.61 an Increase of 27% From 2Q18 and 74% From 3Q17
By Jonathan Lansner | [email protected] | Orange County RegisterPUBLISHED: October 19, 2018 at 7:45 am | UPDATED: October 19, 2018 at 7:45 am “Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: California housing market is at risk as mortgage rates rise near eight-year highs. Source: California Association of Realtors Trend reported: The trade group claims in its annual forecast that rising mortgages rates will cut California house hunters’ buying power and lead to a 3 percent drop in home buying in 2019 as statewide sale prices rise just 3 percent, roughly half the appreciation rate of the previous five years. Dissection: Real estates professional habitually forget a key reason why interest rates rise, a hot economy that’s creating lots of jobs and, thus, more potential homebuyers who are financially able to pay up for housing. I filled my trusty spreadsheet with regional federal economic indexes from the St. … [Read more...] about Bubble Watch: Will rising mortgage rates crash Southern California’s housing market?