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Today's Real Estate News and Advice
Updated: November 24, 2009
Real Estate Outlook: Fed Chair Discusses Housing
Federal Reserve chairman Ben Bernanke put out a forecast last week that included some important observations on housing, but it got nowhere near the attention it deserves. FULL STORY->
Is Canada's Housing Rebound Forming a Bubble?
The rapid rebound of Canada's housing market has some people worrying that a housing bubble is forming. Here's some recent research that says underlying conditions don't support that concern. FULL STORY->
Short Sale Sellers Need To Guard Against "Double Whammy" By Bank and I.R.S.
Short-sale sellers and their agents have plenty to think about, and it is understandable if they are annoyed by the reams of paperwork that may come their way. Nonetheless, it really is important not only to pay attention to what is in the paperwork but also to be sure to retain it for possible future use. This is because of bad consequences that the seller may experience sometime after the sale has taken place. FULL STORY->
Washington Report: Congress Pressures FHA
Congressional pressure on FHA continued to mount last week, with the ranking Republican on the House Financial Services Committee demanding hearings on the stability of the housing agency. FULL STORY->
The Cost of the Home Buyer Tax Credit
At $8,000 for each first-time homebuyer and now $6,500 for move-up buyers -- how much is that going to cost the American taxpayers? FULL STORY->
The Cost of the Home Buyer Tax Credit
At $8,000 for each first-time homebuyer and now $6,500 for move-up buyers -- how much is that going to cost the American taxpayers? FULL STORY->
Washington Report: Congress Pressures FHA
Congressional pressure on FHA continued to mount last week, with the ranking Republican on the House Financial Services Committee demanding hearings on the stability of the housing agency. FULL STORY->
It's Not What Happens, But How You React That Counts
A Champion realizes it's not what happens but how they react to it that counts. FULL STORY->
Green-building Growing, More Jobs, More Buyer Interest
According to a new study from the U.S. Green Building Council (USGBC) and Booz Allen Hamilton, construction in the green-building industry will support 7.9 million jobs over the next four years while pumping into the American economy $554 billion. Currently, 2 million American jobs are supported by the same industry and more than $100 billion in gross domestic product and wages is generated. FULL STORY->
Investor Report: HUD's Condo Rules
HUD just changed its condominium rules again, and there's both good news and sobering news for investors and developers tucked away in the revisions. FULL STORY->
15-Year FRM Drops to Lowest Ever Recorded in Freddie Mac Survey Hi
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.83 percent with an average 0.7 point for the week ending November 19, 2009, down from last week when it averaged 4.91 percent. Last year at this time, the 30-year FRM averaged 6.04 percent. FULL STORY->
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->
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->
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