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Today's Real Estate News and Advice
Updated: October 22, 2008
Qualifying Your HOA Reserve Study Provider
A reserve study is one of the most indispensable planning tools an HOA can have. And like a roof, getting the best bang for your buck is the way to go. FULL STORY->
Improving Indoor Air Quality At Home
Over the past few years energy efficiency within homes has been greatly improved upon. The modern approach to home design goes another step further by also greatly improving indoor air quality. By following a few simple tips and guidelines, you can work to better your family's repertory health. Here's a room-by-room checklist for homeowners looking to achieve optimal health at home. FULL STORY->
More Biz in Tough Market: Don't Tell Me You're Doing This Too
Despite the market ails, people are still looking for someone to sell their home. Why shouldn't that someone be you? FULL STORY->
Real Estate Outlook: Economy in Recession
"The U.S. has entered a recession," said the National Association of Realtors' Lawrence Yun in his latest forecast, "and (the economy) will contract for the next three quarters." FULL STORY->
Changing GTA Resale Housing Market Reflects Economic Times
Activity in the Greater Toronto Area resale housing market moderated considerably during the first half of October with 2,700 homes changing hands, Toronto Real Estate Board President Maureen O'Neill announced. FULL STORY->
Lessons Learned From The Credit Crunch: We're On Our Own
Do your decisions have the same penalty-free "do over" option that the credit crisis proved is available to governments, lenders, corporations and the professionals they employ? PJ Wade offers suggestions for advances on our post-meltdown decision making . FULL STORY->
Builder Hardware Demand to Rise Through 2012
Demand for builders' hardware (in inflation adjusted terms) in the United States will rise 2.1 percent per year through 2012, an improvement over the 1.2 percent annual gains of the period between 2002 and 2007, according to Builders' Hardware, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm. FULL STORY->
Changing GTA Resale Housing Market Reflects Economic Times
Activity in the Greater Toronto Area resale housing market moderated considerably during the first half of October with 2,700 homes changing hands, Toronto Real Estate Board President Maureen O'Neill announced. FULL STORY->
Real Estate Outlook: Economy in Recession
"The U.S. has entered a recession," said the National Association of Realtors' Lawrence Yun in his latest forecast, "and (the economy) will contract for the next three quarters." FULL STORY->
Lessons Learned From The Credit Crunch: We're On Our Own
Do your decisions have the same penalty-free "do over" option that the credit crisis proved is available to governments, lenders, corporations and the professionals they employ? PJ Wade offers suggestions for advances on our post-meltdown decision making . FULL STORY->
Coming Up Short
An insightful Q&A session with Julie Escobar and Will Weaver shows an understanding of the economy's toll on the American Dream and how dedicated REALTORS can make a difference. FULL STORY->
Market Conditions
A second round of government spending could be on the horizon, with a recent speech from Fed chairman Ben Bernanke topping the list of those recommending the consideration and careful planning of a new Congressional stimulus package. FULL STORY->
Washington Report: FHA Still Going Strong
"There is no credit crisis" for individual home buyers who have at least three percent to put down, documentable employment, and at least a moderately good credit record, said Preston. FULL STORY->
Not all Foreclosures are Created Equal
Understanding what area of foreclosures to invest in and what area is the best at what time in the cycle will be critical to your success in foreclosure investing FULL STORY->
Condo Trends: Garage Condos The Next Real Estate Investment
Many condominium buildings allow consumers to buy and sell parking spots -- providing one of the smallest real estate plots known in the realty world. In that same vein, Garage Town has just begun franchising its business model of allowing consumers to purchase storage space instead of renting it. FULL STORY->
Market Conditions
Fortune magazine reported late last week that the "economic storm pelting the U.S. economy is going to do plenty more damage to already flattened job and housing markets." FULL STORY->
Mortgage Rates Shoot up Following Bond Yields
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.46 percent with an average 0.6 point for the week ending October 16, 2008, up from last week when it averaged 5.94 percent. Last year at this time, the 30-year FRM averaged 6.40 percent. This week’s increase of 52 basis points was the largest weekly increase since the week ending April 17, 1987, when the 30-year FRM rose 84 basis points. FULL STORY->
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