California is again paving the way toward sustainable development. The state is adopting a new Green Building Code that puts percentages on improvements in water use efficiency, energy consumption, and water conservation. After 2010, all new construction must meet the code’s requirements. Governor Arnold Schwarzenegger and the California Business Properties Association, Sacramento, as well as local branches of the National Association of Industrial and Office Properties, NAIOP SoCal and NAIOP California State Council, support the green code. California is the first state to establish its own green code, the situation will not stay unique. “The International Code Council has been working with the National Association of Home Builders to develop a national standard for Green Homes, and the American National Standards Institute also is working on a standard as well,” the article states. Read the article at http://www.globest.com/news/1207_1207/sacramento/172819-1.html
HOME LOAN RATES REMAIN LOWER: NOW MAY BE THE PERFECT TIME TO SEE HOW MUCH YOU CAN SAVE ON YOUR NEXT MOVE. HAVE YOU BEEN CONSIDERING DOWNSIZING, UP-SCALING, MOVING TO A BETTER NEIGHBORHOOD OR SCHOOL DISTRICT? IF YOUR CURRENTLY RENTING THIS IS ALMOST A NO BRAINIER, WHEN YOU COMPARE YOUR RENT TO YOUR INVESTMENT IN OWN HOME. TODAY'S CONFORMING LOANS TO 417K OFFER THE FOLLOWING: 5/1 ARM: 3.25%with zero points 10 Year Fixed: 3.375% with zero points 15 Year Fixed: 4% with zero points 30 Year Fixed: 4.75% with zero points. JUMBO TO 729K 5/1 ARM: 3.5% with zero points 10 Year Fixed: 3.875% with zero points 15 Year Fixed: 4% with zero points 30 Year Fixed: 4.75% with zero points out-of-pocket cost is for the appraisal. SUPER JUMBO TO 1.5MM 5/1 ARM: 4% with 1/2 point 30 Year Fixed: 4.75% with 1/2 point Special attention to consider the 30 year fixed rate on Super Jumbo. This rate has never been...
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