Today's Real Estate News and Advice

Updated: November 6, 2006

Housing Consumers Suffering Information Glut
The housing market's in a hole, but it's got no where to go but up. Interest rates are rising, but they remain low, historically speaking. Confusing? Yes, but don't put your head in the sand. FULL STORY->

Housing Counsel: Force Majeure -- Developer's Excuse "De Jeure"
After a hefty downpayment, not much work has been done. The developer is relying on a paragraph in the contract that excuses a builder from timely delivery based on "force majeure." FULL STORY->

Keep Your Home Fire-Safe
If you have taken precautions, there is a good chance you can prevent a fire from completely destroying your home. FULL STORY->

Bankers Say People Who Borrow Against Home Equity are the Credit Elite
A new study by the Consumer Bankers Association reports that American homeowners who tap their equity -- through credit lines or second mortgages -- have high credit scores, high home values, and super-low default rates. Ken Harney reports. FULL STORY->

Refinance Activity Remains High; Cash-out Share Increases in Third Quarter
In the third quarter of 2006, 89 percent of Freddie Mac-owned loans that were refinanced resulted in new mortgages with loan amounts that were at least five percent higher than the original mortgage balances, according to Freddie Mac's quarterly refinance review. FULL STORY->

Slower Than Expected Economic Growth Pushes Mortgage Rates Lower, Reversing Trend of the Last Two Weeks
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.31 percent with an average 0.4 point for the week ending November 2, 2006, down from last week when it averaged 6.40 percent. Last year at this time, the 30-year FRM averaged 6.31 percent. FULL STORY->

California Brokers Seek Greater Consumer Protections
The California Association of Mortgage Brokers wants more uniform regulations for mortgage brokers and lenders, greater loan disclosures and more education for mortgage consumers. FULL STORY->

Co-owner Investing Requires Solid Exit Strategy
How you hold title to the property is one of those points in the transaction that need to be discussed, researched in detail, and then decided upon before you sign the bottom line to the deed transfer, mortgage and all the other pieces of paper involved in owning real estate. FULL STORY->

Right Price for the Market? Listen to Your Agent
Houses are being sold in this market, and for more than last year. You just need to know what price will bring buyers running. FULL STORY->

Farmland Values Strengthen in B.C., Alberta
Booming provincial economies in Western Canada have boosted property values everywhere, including on the farm. Overall, the value of Canadian farmland was up 2.1 per cent during the first six months of the year. FULL STORY->

Run On Cash-Out Refis Continues
Home owners continue to sign up for cash-out refis at record levels to ease the burden caused by rising ARM rates and to finance home improvement projects. FULL STORY->

Pilot Extends Prime Rates to Subprime Buyers
Mortgage applicants with little or no credit histories will be eligible for rock-bottom interest rates under a pilot lending program. Lew Sichelman has the details. FULL STORY->

How To Remain Bullish On Realty Investments
The housing market isn't what it used to be, but when you really think about it, investing in real estate hasn't changed so long as you apply the fundamentals. FULL STORY->

HOA Newsletter Tips
Through its design and content, a good HOA newsletter captures and holds the attention of the reader. Here are ten tips to make sure your newsletter gets read. FULL STORY->

October Roundup
After several weeks in a row in which mortgage rates inched downward, loan costs skewed a bit higher as October drew to a close. Do you know where to go for your free credit report? These topics and more in this month's article roundup. FULL STORY->

A Tale of Two Headlines
The Dow is "up" and real estate is "down," or so the headlines report. Columnist Peter G. Miller offers a contrary view. FULL STORY->

Take The ASHI Home Inspection Virtual Tour
Before a home inspector gives your home the once over, a virtual home inspection tour will give you a good idea where he'll go, what she'll look for and what you hope he or she doesn't find. FULL STORY->

All About Price?
"The single most important message that a seller can send to a buyer is their choice of list price." PJ Wade explains how one housing researcher arrived at this conclusion. FULL STORY->

Congressional Committee Proposes Crackdown on Homeowner Tax Writeoffs
The staff of the influential Joint Tax Committee wants Congress to slash “excessive” deductions by homeowners for local property taxes and mortgage interest, including cash-out refinancings where the new loan amount is $100,000 or more larger than the previous mortgage. Ken Harney reports. FULL STORY->

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