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Real Estate News
Investor Report: Carryback Mortgage Notes
The credit crunch and tough times in the mortgage market are creating new profit opportunities in a highly-specialized real estate investment niche: Buying seller "carryback" mortgage notes. FULL STORY->
Hot Market: Michigan Market Not Just About Auto Industry
Ann Arbor, Michigan's market has begun the swing toward normalcy as foreclosures are driving up pending sales statistics, according to the Ann Arbor Area Board of Realtors. Sales have continued to drop, but pendings (the houses that have contracts, but not yet settled) have surpassed year over year numbers for the last five months. FULL STORY->
Clutter-Free Helps Sell Homes
At the start of a new year a lot of us get motivated to give our homes a good cleaning. It's a way to clear the physical and mental clutter and, if you're selling your home, it's a must-do to help attract buyers. FULL STORY->
Today's Consumer: A Different Breed
If you've been frustrated with leads from different resources, internet and otherwise, and throw them to the side when there's any information missing, it may be time to re-evaluate your methods. FULL STORY->
Long-Term Rates for Tenth Consecutive Week Setting Yet Another New Low
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 5.01 percent with an average 0.6 point for the week ending January 8, 2009, down from last week when it averaged 5.10 percent. Last year at this time, the 30-year FRM averaged 5.87 percent. The 30-year FRM has not been lower since Freddie Mac started the Primary Mortgage Market Survey in 1971. FULL STORY->
'Jumbo' Loans Getting Smaller
If you need a large home loan of up to $729,750, move fast and look hard. Loan limits are getting squeezed on jumbo loans with eased underwriting standards and that could shrink the size of the mortgage your lender will approve for you. FULL STORY->
Gladwell's Book About Success Contains Valuable Lessons
Real estate agents, brokers, and managers could all profit from reading Malcolm Gladwell's latest book, Outliers. Gladwell, the author of Blink and Tipping Point, has subtitled this work, "The Story of Success", and what he has to say about the topic both shatters some old myths and provides us with a better understanding of how success comes about. FULL STORY->
Gladwell's Book About Success Contains Valuable Lessons
Real estate agents, brokers, and managers could all profit from reading Malcolm Gladwell's latest book, Outliers. Gladwell, the author of Blink and Tipping Point, has subtitled this work, "The Story of Success", and what he has to say about the topic both shatters some old myths and provides us with a better understanding of how success comes about. FULL STORY->
'Jumbo' Loans Getting Smaller
If you need a large home loan of up to $729,750, move fast and look hard. Loan limits are getting squeezed on jumbo loans with eased underwriting standards and that could shrink the size of the mortgage your lender will approve for you. FULL STORY->
Commercial Real Estate Market to Hit Bottom Next Year, Urban Land Institute
No matter the market, capitalizing on industry knowledge has always been a major ingredient to overall business success. For builders looking to better understand the real estate market, they should take note of a new report by the Urban Land Institute. FULL STORY->
Opening Doors
More than forty years after the enactment of the Federal Fair Housing Act, Dr. King's vision for a racially and economically inclusive society is being realized -- but as many studies document, not universally experienced. FULL STORY->
Market Conditions
Along with many other housing indicators this past month, the National Association of Realtors' Pending Home Sales Index has shown a decline for November. FULL STORY->
Ask the HOA Expert
One HOA has vacant homes. Does the HOA have a responsibility to secure and protect them? This issue and more in this week's column. FULL STORY->
Study Says Land Transfer Tax Unfair and Wasteful
Land transfer taxes are a common way for governments to raise money when properties change hands, but a new analysis of Toronto's Land Transfer Tax says that simply raising property taxes would be a more effective way to boost government coffers. FULL STORY->
Real Estate Outlook: What's in Store for 2009?
What will the new year bring for housing and real estate? Here's a different perspective to consider from one of the country's veteran financial analysts -- Richard Bove of Ladenburg Thalmann, the investment banking company. FULL STORY->
The Consumer Sales Funnel
It's referenced in nearly every sales training course under the sun. It comes in various shapes, sizes and colors. It still holds true and probably always will. FULL STORY->
Long-Term Rates Fall for Ninth Consecutive Week, Setting Another New Low
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 5.10 percent with an average 0.7 point for the week ending December 31, 2008, down from last week when it averaged 5.14 percent. Last year at this time, the 30-year FRM averaged 6.07 percent. The 30-year FRM has not been lower since Freddie Mac started the Primary Mortgage Market Survey in 1971. FULL STORY->
More Real Estate News and Advice...
Today's Real Estate News and Advice
Updated: January 9, 2009Investor Report: Carryback Mortgage Notes
The credit crunch and tough times in the mortgage market are creating new profit opportunities in a highly-specialized real estate investment niche: Buying seller "carryback" mortgage notes. FULL STORY->
Hot Market: Michigan Market Not Just About Auto Industry
Ann Arbor, Michigan's market has begun the swing toward normalcy as foreclosures are driving up pending sales statistics, according to the Ann Arbor Area Board of Realtors. Sales have continued to drop, but pendings (the houses that have contracts, but not yet settled) have surpassed year over year numbers for the last five months. FULL STORY->
Clutter-Free Helps Sell Homes
At the start of a new year a lot of us get motivated to give our homes a good cleaning. It's a way to clear the physical and mental clutter and, if you're selling your home, it's a must-do to help attract buyers. FULL STORY->
Today's Consumer: A Different Breed
If you've been frustrated with leads from different resources, internet and otherwise, and throw them to the side when there's any information missing, it may be time to re-evaluate your methods. FULL STORY->
Long-Term Rates for Tenth Consecutive Week Setting Yet Another New Low
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 5.01 percent with an average 0.6 point for the week ending January 8, 2009, down from last week when it averaged 5.10 percent. Last year at this time, the 30-year FRM averaged 5.87 percent. The 30-year FRM has not been lower since Freddie Mac started the Primary Mortgage Market Survey in 1971. FULL STORY->
'Jumbo' Loans Getting Smaller
If you need a large home loan of up to $729,750, move fast and look hard. Loan limits are getting squeezed on jumbo loans with eased underwriting standards and that could shrink the size of the mortgage your lender will approve for you. FULL STORY->
Gladwell's Book About Success Contains Valuable Lessons
Real estate agents, brokers, and managers could all profit from reading Malcolm Gladwell's latest book, Outliers. Gladwell, the author of Blink and Tipping Point, has subtitled this work, "The Story of Success", and what he has to say about the topic both shatters some old myths and provides us with a better understanding of how success comes about. FULL STORY->
Gladwell's Book About Success Contains Valuable Lessons
Real estate agents, brokers, and managers could all profit from reading Malcolm Gladwell's latest book, Outliers. Gladwell, the author of Blink and Tipping Point, has subtitled this work, "The Story of Success", and what he has to say about the topic both shatters some old myths and provides us with a better understanding of how success comes about. FULL STORY->
'Jumbo' Loans Getting Smaller
If you need a large home loan of up to $729,750, move fast and look hard. Loan limits are getting squeezed on jumbo loans with eased underwriting standards and that could shrink the size of the mortgage your lender will approve for you. FULL STORY->
Commercial Real Estate Market to Hit Bottom Next Year, Urban Land Institute
No matter the market, capitalizing on industry knowledge has always been a major ingredient to overall business success. For builders looking to better understand the real estate market, they should take note of a new report by the Urban Land Institute. FULL STORY->
Opening Doors
More than forty years after the enactment of the Federal Fair Housing Act, Dr. King's vision for a racially and economically inclusive society is being realized -- but as many studies document, not universally experienced. FULL STORY->
Market Conditions
Along with many other housing indicators this past month, the National Association of Realtors' Pending Home Sales Index has shown a decline for November. FULL STORY->
Ask the HOA Expert
One HOA has vacant homes. Does the HOA have a responsibility to secure and protect them? This issue and more in this week's column. FULL STORY->
Study Says Land Transfer Tax Unfair and Wasteful
Land transfer taxes are a common way for governments to raise money when properties change hands, but a new analysis of Toronto's Land Transfer Tax says that simply raising property taxes would be a more effective way to boost government coffers. FULL STORY->
Real Estate Outlook: What's in Store for 2009?
What will the new year bring for housing and real estate? Here's a different perspective to consider from one of the country's veteran financial analysts -- Richard Bove of Ladenburg Thalmann, the investment banking company. FULL STORY->
The Consumer Sales Funnel
It's referenced in nearly every sales training course under the sun. It comes in various shapes, sizes and colors. It still holds true and probably always will. FULL STORY->
Long-Term Rates Fall for Ninth Consecutive Week, Setting Another New Low
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 5.10 percent with an average 0.7 point for the week ending December 31, 2008, down from last week when it averaged 5.14 percent. Last year at this time, the 30-year FRM averaged 6.07 percent. The 30-year FRM has not been lower since Freddie Mac started the Primary Mortgage Market Survey in 1971. FULL STORY->
More Real Estate News and Advice...
