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Mortgage Rates


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Real estate listings are moving online racing to protect their classifieds market
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Friday, 08 September 2006

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Newspapers have an estimated 37 percent of the market now, and the shift would mean a difference of as much as $1.8 billion in annual revenue. Even this year, Borrell expects a fall. He says the big gain at dailies that belong to the newspaper association masks a collapse at weeklies and alternative papers, and believes print overall will lose more than two market-share points this year alone.
Read more...
 
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Advance Realty aims consumers at lower prices
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Friday, 08 September 2006

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Consumers in today’s economy are rapidly becoming a more cost-conscious lot, a fact that is clearly reflected in the current housing market. Price appreciation is stabilizing while listing time increases. While there is still plenty of activity, the real estate boom has cooled down.
Read more...
 
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Module on how to become a Millionaire, the Solo-Agent way
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Friday, 08 September 2006

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iSucceed’s newest success module, The Million Dollar Solo Agent by Mentor Margaret Rome might be characterized in such a fashion. Rome’s recipe for success is aimed specifically at agents whose time and money prohibits them from making a large investment in extra personnel, slowly transforming them into a Jack-of-All-Trades.
Read more...
 
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Prices Dip Temporarily as Home Sales Forecast lowers
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Friday, 08 September 2006

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During the rest of the year home sales will be lower as the market works its way through an inventory and price imbalance.  This was according to the National Association of Realtors. 

David Lereah, NAR's chief economist said the most obvious effect in the near term will be with home prices. "A year ago we had record home sales and tight supply with buyers bidding over the asking price," he said. "This year sales are slowing, homes are plentiful and sellers are negotiating. Under these conditions, we'll probably see prices dip temporarily below year-ago levels as the market works through a build up in housing inventory."

Read more...
 
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Mortgages options for those confused
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Thursday, 07 September 2006

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All of the different types of home loans that are available these days can puzzle many homebuyers. But virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan.

With most fixed rate mortgages, your monthly principal and interest payment will not change for the term of the loan, regardless of whether interest rates rise or fall. In exchange for that stability, you may have a higher interest rate than you would with an adjustable rate loan. Fixed rate loans are available with different length terms and usually, the longer the term, the lower your monthly principal and interest payment will be.

Read more...
 
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Real Estate Expo holds marketing exhibition
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Thursday, 07 September 2006

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The Real Estate Expo has pulled interested people in the door like a giant powerful magnet. Participating cities include: Dallas, San Francisco, Los Angeles, Atlanta, Minneapolis, Chicago, Anaheim, New York, Boston. They are accommodating anywhere from about 40,000 - to 60,000 attendees at each individual location.

The place was so crowded anthey were giving away FREE California land right there inside the Los Angeles Convention Center. It was a party atmosphere with all the excitement of a High School Pep Rally.

Read more...
 
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Housing market cools down as Home-price rises
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Thursday, 07 September 2006

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WASHINGTON - U.S. home prices continued to rise in the second quarter but showed the biggest slowdown in three decades.

Average home prices rose 1.17 percent in the April-June period, compared with 3.65 percent in the second quarter of 2005 — the biggest decline in price growth since OFHEO started keeping track of home prices in 1975, the new report showed.

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Residential and Commercial real estate booms in Lower Manhattan
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Thursday, 07 September 2006

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It has been five years since the terrorist attacks of Sept. 11, 2001, laid waste to the World Trade Center. But today Ground Zero remains little more than an empty hole, its reconstruction stalled by lingering negotiations between competing parties, including the Port Authority, developer Larry Silverstein and New York City.
Read more...
 
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Texas Wraps Big States in Real Estate Agents
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Thursday, 07 September 2006

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COLLEGE STATION, Texas — As real estate sales continue to bloom more Texans are getting real estate license.  Despite the rush to sign up, there is still plenty of room for others.

Texas has 100,000 active real estate licensees. California has four times that number of active licensees. Florida has twice as many, and New York has 50 percent more.

Read more...
 
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New Requests for Home Loans climbed an inch higher
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Thursday, 07 September 2006

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NEW YORK -- U.S. home mortgages applications bordered higher as lower loan rates helped encourage more home purchases for the first time.
Read more...
 
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Small Tax cuts were promised to residents by Fort Lauderdale
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Thursday, 07 September 2006

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FORT LAUDERDALE •  Property owners crowed into City Hall where they condemned the proposed increase in property tax collections.  This was because of the rising tax bills.
Commissioners promised the budget will have been rewritten, and the tax increase won't be as high as the proposed 13 percent.
Read more...
 
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Ralph Roberts Urges Realtors and Consumers Know Lending Laws
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Thursday, 07 September 2006

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Ralph R. Robert says it’s illegal to inflate home values in order to obtain cash-back monies from lenders. 

Unfortunately, cash back at closing schemes are illegal and potentially damaging to the lender, who is fooled into making a risky loan. Lenders aren't the only losers he warns. Buyers can be tricked into buying more house than they can afford.

Read more...
 
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Real estate continues to rise and fall
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Wednesday, 06 September 2006

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CRESTED BUTTE, Colo. -- The real estate market this year has slowed in some places but prices continue to rise.  Among the slow-downs is at Crested Butte. That town's real estate transfer tax is projected to yield $1.3 million this year, compared to $2 million last year.
Read more...
 
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