Residential News & Articles
Today's Real Estate News and Advice
Updated: October 7, 2009
10:34am: Industry group says mortgage activity surged 16.4% last week as consumers took advantage of low interest rates. MoreOct 2: After substantial drops over the past year, Big Apple prices stabilized during the third quarter. More
Oct 1: Housing bust means it's even harder for blacks and Hispanics to get loans, new federal data shows. More
Aug 27: There's barely three months left before the $8,000 tax credit for first-time buyers ends -- and it can take that long to close on your new home. More
Mar 5: Americans everywhere are feeling the recession's pain - some more than others. More
Technological advances have improved our professional and personal lives in many ways. We are able to get more done, in less time, with more cost effectiveness and efficiencies. FULL STORY->
The HOA Maintenance Plan
The purpose of a Maintenance Plan is to instruct a homeowner association board and property manager how to properly maintain common element components. Following a well prepared Maintenance Plan will help extend the useful life of the components and reduce costs to the members. FULL STORY->
The Confident Rookie Series: Admit You're New & What to Say When You Don't Know the Answer
A lot of new agents worry about being taken advantage of by experienced agents, if the experienced agent were to find out that they're new. FULL STORY->
Court Rules Against Lender's Attempt to Cut out Commission During a Short Sale
One reason that many real estate agents are less than enthusiastic about short sales is that, too often, a commissionectomy may be involved. By demanding a certain amount of net proceeds, the lender effectively cuts the commission that had been stipulated in the listing agreement. FULL STORY->
Real Estate Outlook: Sales Stats and Rates
Regionally, pending sales were up by 8.2 percent in the Northeast, 7.6 percent in the Midwest, by just less than one percent in the South, and up a stunning 16 percent in the Western states. FULL STORY->
The Wrong Kind of "Organic" Farming: Biosolids
In rural areas, properties adjacent to farmland fertilized with biosolids have suffered dramatic reductions in property value and lowered saleability. PJ Wade cautions rural real estate buyers to be alert to sewage sludge applications or they may lose their home like one family recently has. FULL STORY->
Market Conditions
In September 2009, Greater Toronto Realtors reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 -- up by 10 per cent compared to the same month last year. FULL STORY->
Real Estate Outlook: Sales Stats and Rates
Regionally, pending sales were up by 8.2 percent in the Northeast, 7.6 percent in the Midwest, by just less than one percent in the South, and up a stunning 16 percent in the Western states. FULL STORY->
The Wrong Kind of "Organic" Farming: Biosolids
In rural areas, properties adjacent to farmland fertilized with biosolids have suffered dramatic reductions in property value and lowered saleability. PJ Wade cautions rural real estate buyers to be alert to sewage sludge applications or they may lose their home like one family recently has. FULL STORY->
Court Rules Against Lender's Attempt to Cut out Commission During a Short Sale
One reason that many real estate agents are less than enthusiastic about short sales is that, too often, a commissionectomy may be involved. By demanding a certain amount of net proceeds, the lender effectively cuts the commission that had been stipulated in the listing agreement. FULL STORY->
Washington Report: Preserving Homes and Communities Act
Capitol Hill housing and mortgage lobbyists were buzzing last week about an aggressive new legislative proposal that could put tens of thousands of financially-stressed home owners into loan modifications, even if their lenders and loan servicers had to be dragged kicking and yelling to the negotiating table. FULL STORY->
How to Create Job Security
Columnist Stuart Kaufman shares a not so secret way to create job security as a real estate agent. FULL STORY->
Insulating Your Wallet With Home Insulation
Heating and cooling for an average home account for 50 percent to 70 percent of a homeowner's energy usage. If your home isn't adequately insulated that can mean added costs that deplete your wallet each month. FULL STORY->
30-Year Fixed-Rate Mortgage Lowest in Four Months, Nearing All-Time Low Set in Survey in March
Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.94 percent with an average 0.7 point for the week ending October 1, 2009, down from last week when it averaged 5.04 percent. Last year at this time, the 30-year FRM averaged 6.10 percent. The last time the 30-year FRM was below 5 percent was the week ending May 28, 2009, when it averaged 4.91 percent. FULL STORY->
Investor Report: Mini Miami Boom
Investors who've been sniffing around the Miami area looking to pick up condos at rock bottom prices - either in multiple-unit bulk deals or retail - better move fast. FULL STORY->
Compiling a Marketplace Analysis
Before investing the couple of hours a month building your own marketplace analysis, check to see if your local board of Realtors or MLS compiles market trend reports. FULL STORY->
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