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Today's Real Estate News and Advice
Updated: October 14, 2008
Real Estate Outlook: Real Estate Market Defying Odds
The panic and fear that have been shaking Wall Street aren't translating into negative numbers for real estate - in fact, it's been the reverse. FULL STORY->
Canadians Will Pay for Green Homes -- If Investment Pays
Two new surveys say that Canadians will pay for environmentally friendly homes and renovations -- but only if they get their money back in energy savings and resale value. FULL STORY->
Desperate Times Requires Drastic Measures!
We cannot live in desperation of the current moment, says columnist Jim Crawford. Agents that are in a panic do not act rationally. FULL STORY->
Washington Report: Paulson and Neel Kashkari
Most people call it the $700 billion bailout, but in Washington it goes by the unglamorous name: TARP. And now Treasury Secretary Paulson has picked a 35-year-old whiz kid from his former Wall Street firm, Goldman Sachs, to run the entire program. FULL STORY->
Realtors are Encouraged to Learn to Think Green
The green issue of California Real Estate demonstrates that there is plenty to learn and there are a variety of perspectives regarding these topics. FULL STORY->
Condo Trends: Bigger Units, Higher Prices Coming
Nationally, condominium inventory is at its highest levels, however, many metropolitan areas are starting to see the number of condominiums on the market decrease dramatically. This latest trend means higher prices are on the way, according to San Diego's largest condo development company. FULL STORY->
Investor Report: Investing by December 1st
If you're planning to buy investment property and financing it through a lender who sells to Fannie Mae, keep the date December First in mind. Nail down your mortgage commitments quickly -- in the next six weeks if you can. FULL STORY->
Market Conditions
The latest report from the National Association of Realtors indicates that pending home sales surged in August -- jumping 7.4 percent. This level is even higher than the August 2007 stats. FULL STORY->
Closing A Client
You have to assume success. The agents who assume that they are going to get a contract signed have much greater success. Don't go in asking for the business first. Assume you are going to get it, then ask. FULL STORY->
Hot Market: Update - KC Market Turning in Middle America
In the center of the country, a market is turning upward and it might be prophetic that it's in middle America. Kansas City home buyers now may look back and realize they've missed the absolute best deals in this Missouri/Kansas city that is split between the two states. FULL STORY->
Don't Let Pesky Insects Hurt the Sale of Your Home
Termites can be a major concern and even stall the sale of your home if you don't inspect your home routinely for these pesky insects. FULL STORY->
One Year ARM Ticks Up As All Other Rates Fall
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.94 percent with an average 0.6 point for the week ending October 9, 2008, down from last week when it averaged 6.10 percent. Last year at this time, the 30-year FRM averaged 6.40 percent. FULL STORY->
The Impact of the Fed Investment on Commercial Real Estate Investing
What happened to the simple times when you go to a bank, get a mortgage, and own your property? The following is an excerpt of an interview with Dr. Aric Krause, Ph.D., a faculty member in the Bill and Vieve Gore School of Business at Westminster College in Salt Lake City, and RealSource Consulting Economist. FULL STORY->
Ask Dr. Real Estate: Do I Need Help Getting Dressed?
Is there a cut and dry way to dress for success? Dr. Real Estate, Ken Edwards, answers this latest question. FULL STORY->
Deploy A Strategic Assault On Your Mortgage Application
Today's volatile housing market demands that home buyers take an exacting, almost surgical approach to completing a mortgage application in order to speed the paperwork through the narrowed arteries of the home loan pipeline. FULL STORY->
Are You In This Business for the Long Haul?
Are you in the real estate biz for the long haul -- or just another few month? Where do you want to be next October? FULL STORY->
Market Conditions
San Diego is seeing a true buyers market at this time, with prices on a downward trend. Local expert Dawn Lewis reports that the downtown San Diego median condo price for 2007 was $538,000. This median condo price for Downtown San Diego condos was $52,000 less than last years median condo price." FULL STORY->
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