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Today's Real Estate News and Advice
Updated: November 19, 2009
Overcoming Five Common Investing Mistakes Made by Property Owners & Managers
Peter L. Mosca shares an excerpt of a radio show interview with Robert Cain, who since 1987 has been publishing information, giving speeches and conducting seminars and workshops for landlords and investors on how to buy, rent and manage property more effectively. FULL STORY->
Low Interest Rates Spur Refinancing, Buying Interest
With mortgage interest rates below 5 percent, on a $300,000 mortgage, the principle and interest payment would be about $1,594, compared to $1,825 a year ago. FULL STORY->
Is a Sphere of Influence Business Model Effective in a Second Home/Resort Market?
Can you rely on your Sphere of Influence (SOI: the people you know) to keep you in business? Yes, with a few tweaks. FULL STORY->
Rookie Agents Ask: "Should I Focus on Buyers or Sellers?""
As a new agent, you may be better off working with buyers. Columnist Jennifer Allan shares why. FULL STORY->
Building Ordinance or Law Insurance
Insurance policies are written based on the concept of "indemnity" which means "protection or security against damage or loss." Fire insurance policies are not designed to put a policyholder in a better position than he was prior to a loss. Otherwise, having insurance might create an incentive to have a loss. FULL STORY->
ABC Forecasts 2010 Construction Activity Will See Winners and Losers
The recession, thought to have begun in December 2007 and in many ways the deepest since World War II that impacted every state and every metropolitan area, is over noted the Associated Builders and Contractors (ABC) in its 2010 economic forecast for the commercial and industrial construction industry. While good news, it may not be a time to rejoice, yet. "While the industry battled the effects of the recession in 2009, expect 2010 to be a transitional but sluggish year on the road to recovery," said ABC Chief Economist Anirban Basu. FULL STORY->
Real Estate Outlook: Moving Towards Recovery
The huge impact of the federal home buyer tax credit program - which is now set to continue and even expand through next spring - dominates the housing resale numbers this week. FULL STORY->
Loan Modification Scams are Targeted
Loan modification scams may not be the worst of monetary crimes, but they are certainly in the running. Taking advantage of financially distressed homeowners, the most common form of these scams is this: They take a large up-front fee (in the thousands) and then do nothing, or next to nothing, producing no beneficial results for the beleaguered borrowers. FULL STORY->
7 Things All Buyers Ought to Know
"Ignorance is bliss" was never said about real estate purchases for 7 good reasons. PJ Wade shares sound insights and practical solutions for buyers in any market. FULL STORY->
Home Loans: Quicken Loans
tba FULL STORY->
Washington Report: FHA Mortgage Insurance Reserves
FHA's mortgage insurance reserves have dropped far below congressionally-mandated levels, but the agency still has enough of a financial cushion to handle all expected loan losses for the next 30 years, with a multi-billion dollar surplus beyond that. FULL STORY->
Mortgage Refinancings: Tax Rules Are Tricky
The recent drop in interest rates has prompted millions of households to refinance their mortgages. Borrowers who refinance need to familiarize themselves with tricky tax rules on what is or is not deductible for interest payments. Here are some reminders on how the rules work. FULL STORY->
Extended Tax Credit for HomeBuyers and Homeowners
The popular first-time homebuyer tax credit that was scheduled to end this month is being extended. President Obama signed a bill that extends the up to $8,000 tax credit for first-time homebuyers for seven months. FULL STORY->
Investor Report: Commercial Investing 2010
f you're a commercial property investor looking toward 2010, where are the most promising real estate markets in the U.S.? The Urban Land Institute teamed with consulting firm Pricewaterhouse Coopers and asked more than 900 investors, developers and lenders that question recently, and came up with some intriguing answers. FULL STORY->
Challenges for Sales Professionals
The most significant challenge for sales professionals is their time control. How a sales professional uses their time determines income. The sales professionals in the top 10% of their industry control, use, and invest their time more wisely and effectively than the lower performing sales people. FULL STORY->
Long-Term Rates Fall to Lowest Level in Five Weeks
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 4.91 percent with an average 0.7 point for the week ending November 12, 2009, down from last week when it averaged 4.98 percent. Last year at this time, the 30-year FRM averaged 6.14 percent. FULL STORY->
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