Adtran Claims Advance in NG-PON2 Economics ( Admin posted on May 14th, 2015 )

HUNTSVILLE, Ala. — ADTRAN┬«, Inc. (NASDAQ:ADTN), a leading provider of next-generation networking solutions, today announced an industry breakthrough in the economics of delivering Fiber-to-the-Premise (FTTP) services based on NG-PON2 architecture. Using the latest 10 Gigabit per second (10G) per wavelength symmetric ITU/FSAN standards-based technology, ADTRAN is accelerating the delivery of NG-PON2 by transforming the economic paradigm that typically relegates new technologies to niche or premium services delivery for several years because of higher cost points. For service providers, this is the first time both existing residential FTTP customers and early business adopters of next-generation...

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Categories: Economics

Estativize Creates a Real Estate News Space for the Next Generation ( Admin posted on May 13th, 2015 )

New Digital Magazine Connects Millennials and Real Estate Experts

Maitland, Florida (PRWEB) May 12, 2015

Estativize, a recently developed startup, created a digital news magazine website to revitalize the real estate industry and bridge the gap between purchasing a property and making a home. The newly launched site aims to deliver relevant advice to first-time home buyers specifically in the emerging millennial market along with informing realtors and sellers of the best ways to attract millennial buyers to their property. Estativize amplifies the voices of both real estate experts and writers from the connected generation.

Founded by millennials and businesswomen...

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DIGEST: Iowa House approves first-time home buyer credit ( Admin posted on May 13th, 2015 )

A roundup of legislative and Capitol news items of interest for Wednesday:

DRUG TESTING LAWMAKERS: During debate on a fiscal 2016 health amp; human services budget bill, 24 minority GOP senators offered an amendment seeking to require that all members of the Iowa General Assembly undergo drug testing as a condition of employment upon winning election. A state legislator who had a confirmed positive test result would be ineligible to participate in the state health insurance group program. “Ladies and gentlemen, the people of America were furious when Obamacare was imposed on America and Congress exempted itself,” said Sen. Jason Schultz, R-Schleswig. “By no means should...

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Categories: First Time Home Buyers

Bill Could Boost Already Strong Home Sales ( Admin posted on May 13th, 2015 )

Its a boost for home sales at a time when sales in Iowa are already through the roof.

For real estate agents like Bob Eisenlauer of Pleasant Hill, life is good right now.

Its a great time to be a realtor or anything that has to do with real estate, whether its a lender, contractor, a builder. Eisenlauer says. Inventorys low and houses are selling fast.

Its a buyers market, with realtors selling houses almost as fast as theyre listing them. Thats why so many realtors are surprised that the legislature is considering tax credits for first time home buyers to encourage more sales. The bill would offer a tax credit for first time home buyers as an incentive to save up for a bigger...

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Housing market strong, affordability issues linger in first quarter of 2015 ( Admin posted on May 13th, 2015 )

Washington states housing market was strong in the first quarter of 2015, with both sales and new building permits up compared with a year ago and the market remaining largely affordable, according to the Runstad Center for Real Estate Studies at the University of Washington.

The statewide median sales price for a single family home rose to $270,600 in the first quarter, 8.5 percent higher than the same time in 2014, though still significantly lower than the all-time high of $316,700 in the second quarter of 2007.

Similarly, the seasonally adjusted annual rate of existing home sales rose 4.4 percent from the first...

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Capitol Digest: Bid for lawmaker drug testing thrown out ( Admin posted on May 13th, 2015 )

DES MOINES | During debate on a health and human services budget bill, 24 Republican state senators offered an amendment to require all members of the Iowa Legislature undergo drug testing upon winning election. A state legislator testing positive would be ineligible to participate in the state health insurance group program.

Sen. Jason Schultz, R-Schleswig, said. “By no means should we exempt ourselves from what we believe is good public policy and I believe good public policy is protecting the taxpayers of Iowa.” The amendment was ruled “non-germane to Senate File 505, by Senate President Pam Jochum, D-Dubuque.

A separate GOP proposal to require passing a drug...

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Buyers wade through tangle of tighter mortgage rules ( Admin posted on May 13th, 2015 )

Lenders dont like that. They want to see steady paychecks. But when it comes to catering jobs and wedding gigs, January, February, [and] March are slow times of the year, Matthew says. We were trying to get our mortgage in March and April, so I had to be like: lsquo;Work is coming. Its going to happen.

Making matters even more complicated, Matthews wife, Caitlin, a registered nurse, had been employed for only a few months when they sought preapproval in 2014.

Lenders dont like that, either.

I had just graduated from nursing school, so all my previous taxes were from when I was in school and making less money working part time, Caitlin says.

In addition...

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Hispanics Eye Larger Share of Market ( Admin posted on May 13th, 2015 )

But they continue to face mortgage credit challenges due to the tight underwriting standards that have been in place since the housing crisis. In 2014, Hispanics were turned down for loans at twice the rate of white borrowers and were more likely to pay more for their loans, says NAHREP President Teresa Palacios Smith.

Latinos in general have different underwriting needs, as there may be several family members living together and several wage-earners contributing to household income, Smith says. Sometimes, were not trusting of banks and want to pay for our purchases with cash, and so we dont have credit established like other Americans. Its important to teach your Hispanic clients that...

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Categories: Credit Challenges

Lennar Targets First-Time Buyers With 1142-Home Subdivision in Fort Mill, NC ( Admin posted on May 13th, 2015 )

Charlotte Business Journal staffer Ken Elkins says the housing market is heating up in South Carolina’s northern York County, where Lennar is preparing to begin work on a 1,142-home community in Fort Mill called Waterside at Catawba.

Targeted toward first-time home buyers, the subdivision plans to offer homes sized up to 4,000-square-feet priced in the low $200,000s. Waterside is the latest large-scale development in the county, including Crescent Communities 550-acre 650-home Masons Bend.

Veronica Perez, director of sales and marketing for Lennar Charlotte, says the community will be developed on land formerly owned by the White family of Fort Mill. That part of Fort...

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New cost threat to first-home buyers ( Admin posted on May 12th, 2015 )

But the Reserve Banks plans to require banks to hold more capital for investor loans, look likely to make buy-to-let loans more costly, which has one advocate for first-time homebuyers calling for exemptions for first-time property buyers.

The Reserve Bank was considering three possible alternative ways to define loans to residential property investors: If the mortgaged property is not owner-occupied; if servicing of the mortgage loan is primarily reliant on rental income; and if servicing of the mortgage loan is at all reliant on rental income.

All three would catch first-time homebuyers planning to rent out their home while renting elsewhere, according to mortgage brokers.

But...

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