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Today's Real Estate News and Advice
Updated: November 17, 2008
Washington Report: Uniform Disclosures Mandated
It took six years and major controversies with Capitol Hill, but last Thursday HUD published final regulations mandating uniform disclosures for all new home mortgages -- plus tougher rules requiring "good faith estimates" from lenders that accurately reflect the line items on consumers' settlement sheets at the end of a home purchase or refinancing. FULL STORY->
California Real Estate License Number Must Appear on "First Contact" Materials
As a result of Senate Bill 1461 (Negrete McLeod), effective July 1, 2009, California real estate licensees will have to have their license number displayed on "all solicitation materials intended to be the first point of contact with consumers…". FULL STORY->
Hot Market: Dallas/Ft. Worth: Where Everything's Big
Dallas/Ft. Worth, Texas Realtors are so up on their market that they even created a web site about it: www.DFWHousingFacts.org. The web site touts all the reasons the 4th largest metropolitan area in the U.S. is a great place to buy in today’s economic environment. FULL STORY->
Home Warranty May Come in Handy
You are about ready to close your real estate transaction on a home; did you consider a home warranty? FULL STORY->
Investor Report: REO Scam Warning
The nationwide boom in foreclosures and bank-owned real estate (REO) property sales to investors is producing an unpleasant and sometimes dangerous side effect: Growing numbers of confrontations occur when investors visiting supposedly empty properties find them occupied -- and the inhabitants don't want to leave or let anybody FULL STORY->
Mortgage Rates Down for Second Week Running
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.14 percent with an average 0.7 point for the week ending November 13, 2008, down from last week when it averaged 6.20 percent. Last year at this time, the 30-year FRM averaged 6.24 percent. FULL STORY->
Hot Market: Fort Myers Market Searing
Prices are down 39 percent in Fort Myers, Florida fueling an amazing surge in sales of more than 125 percent in September. Following years of investor-driven profit, prices have been correcting at an alarming rate, at least to those who had funny-money loans. FULL STORY->
Mortgage Rates Down for Second Week Running
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.14 percent with an average 0.7 point for the week ending November 13, 2008, down from last week when it averaged 6.20 percent. Last year at this time, the 30-year FRM averaged 6.24 percent. FULL STORY->
Hot Market: Fort Myers Market Searing
Prices are down 39 percent in Fort Myers, Florida fueling an amazing surge in sales of more than 125 percent in September. Following years of investor-driven profit, prices have been correcting at an alarming rate, at least to those who had funny-money loans. FULL STORY->
Market Conditions
The latest report from Zillow indicates that one-third of Americans who sold their home in the past year lost money. FULL STORY->
Home Warranty May Come in Handy
You are about ready to close your real estate transaction on a home; did you consider a home warranty? FULL STORY->
Investor Report: REO Scam Warning
The nationwide boom in foreclosures and bank-owned real estate (REO) property sales to investors is producing an unpleasant and sometimes dangerous side effect: Growing numbers of confrontations occur when investors visiting supposedly empty properties find them occupied -- and the inhabitants don't want to leave or let anybody FULL STORY->
Know Your Competition
With today's market being more competitive than ever, our skills need to be at their highest levels. There is more competition to secure listings than ever before. There are more Agents competing for the same listings than ever before. Many of those Agents are willing to discount their fees to stay alive. FULL STORY->
Home Equity To The Rescue?
Before the bank can take it back, drain your equity account and sock it away where you can get at it should hard times hit. What? That's "pretzel logic" critics say. FULL STORY->
These Are the 'Best of Times' for Multifamily TIC Providers and Investors
More than one expert in the news media has said this is the worst of times for real estate companies and investors and it was, for some, but not for those who play in the multifamily arena. FULL STORY->
Market Conditions
Charleston, South Carolina, has seen sour numbers in the last quarter, with local expert Michele Reneau noting the drop in sales from last year of 36 percent. FULL STORY->
Yet Another Mixed-Use Lifestyle Community Begins Development
It was a defining moment for US Capital Holdings Group who, a short time ago, received the green light to develop an $800 million project in the heart of Plantation, Florida. FULL STORY->
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