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DAILY NEWS & ADVICE FROM REALTY TIMES/ 10/26/07

By Paul F. Stillwaggon Warren NJ

Real Estate Agent with Weichert Realtors

October 26, 2007 02:33 PM

WEICHERT REALTORS/ NEW JERSEY ESTATES

Paul Stillwaggon
908-561-5492

October 2007

LINKING THE LATEST TECHNOLOGY
TO OLD FASHIONED SERVICE

Daily News And Advice
Updated 12:30 AM CDT Today

Today's Feature Stories

APR Not Good Judge Of Mortgage Character

Choose a home loan based on the APR and you could get into a relationship that isn't a good match for you, your lifestyle and your financial well-being. FULL STORY->

Consulting a Fancy Name for Discounting? Think Again.

Commissions are, by their design, built on "high risk-high reward." In fact, the reason that commissions are a relatively expensive way for consumers to pay for real estate services is that the lion's share of what the consumer is paying for is risk mitigation. FULL STORY->

Correction in Commercial Real Estate is Forecast

Although commercial real estate is expected to cool in 2008, the slowdown won't be comparable to the residential segment. FULL STORY->

Existing Home Sales Clogged By Mortgage Morass

Lenders such as Countrywide have announced programs to help troubled mortgage holders, which may improve the outlook for the remainder of the year, but September's housing sales illustrate how badly the credit markets froze during July and August. FULL STORY->

Headlines

Realtors Unhappy With Advertising Choices
In an exclusive survey conducted with Classified Intelligence, Realty Times readers made two startling declarations -- they're spending more, not less, money on advertising, and they say that print advertising is dead. The results showed they're either kidding themselves or us, but they're not putting their money where their mouth is. Only 15 percent of the survey's 344 respondents said they still advertise in print. So how do agents spend their advertising money and what results do they expect? Classified Intelligence and Realty Times have the answers. FULL STORY->

How Do I Recruit the Experienced Agent?
there has to be a shift in the strategies and tactics of the experienced agent recruiting process. Columnist Jon Cheplak explains. FULL STORY->

New ID Theft Study Points to Strangers
It doesn't matter if an ID thief is an unknown who hacks into your computer or a friend who pilfers from your mail box, preventive measures can keep them at bay. FULL STORY->

The Hot Market vs. the Not Market
In the midst of a slow-moving market, there is a market that is hot as blue blazes -- steaming with multiple contracts, escalating prices and sellers walking away from the settlement table in less than a few days of marketing their homes, taking nearly half the amount of time to sell. FULL STORY->

Behind the Curtains of Celebrity Houses
The Paparazzi doesn't have anything on the Internet. With a few clicks, curious folks like you and I can look inside the houses of the rich, famous and infamous. And many of us do. Lew Sichelman has the scoop. FULL STORY->

Call Reluctance No More
If you think you're the only one with misgivings about the telephone, think again. It seems we've feared the phone for a very long time. FULL STORY->

Can Texas Hold Down Foreclosure Numbers?
The Texas attorney general wants lenders to take five concrete steps to reduce needless foreclosures in his state. Columnist Peter G. Miller says it's the right idea -- and the wrong jurisdiction. FULL STORY->

The One Day Only Sale
Walk through any mall and you will see a thousand so called "sales," discounts on items from kitchen towels to doggy sweaters that will expire in just a few days or hours unless "you act now" or "buy today"! But hold on, if these sales are really sales shouldn't they end at some point? FULL STORY->

Silicon Valley More Bullish On Buying Than Selling
Silicon Valley consumers are more inclined to say it's a good time to buy. Selling, they say, isn't such a wise idea right now in the unusually split market. FULL STORY->

Is Home-based Enterprise For Me?: To B&B or Not To B&B
Bed & Breakfasts represent one example of how "home" can be an active partner in our financial security. PJ Wade explores this topic, and a book on the subject, to help readers learn if a B&B lies in their future. FULL STORY->

SF Bay Area Home Sales Nose Dive

'Mirror and Match' Cities' Distinctiveness to Gain an Advantage

Is the Paint on Your Walls Hurting Your Child's Health?

Landlords Have Duty to Take Reasonable Steps to Prevent Foreseeable Criminal Acts

No More Hanky-panky with Real Estate Appraisals

How Do I Make Sure I Get Repeat Business?

Freddie Mac Weekly Survery Finds Mortgage Rates Mixed

Chilly Blue Notes From the Beige Book

Rents Inflated By Soft Owner-Occupied Market

Profits Fall for Mortgage Banking Companies in 2006

CURRENT
MORTGAGE RATES

Interest Rate Watch
30 yr fixed: 6.40%
15 yr fixed: 6.08%
1 yr adj: 5.76%
30 yr jumbo:
(U.S. Daily Averages)

LIBRARY

Buyers Advice

Sellers Advice

Homeowners Advice

Advice for New Homes

Advice For Borrowers

Rental Advice

Homeowner Association News

NAR News

- Back -

Paul Stillwaggon
908-561-5492,
New Homes/ Land
& Pre-Owned Homes
E-mail: njestates@earthlink.net
Web: http://www.newjerseyestates.net/
908-561-5492 (Direct) 908-310-1358 (Cell)

Weichert Realtors
New Jersey Estates
908-561-5400
55 Stirling Road, Watchung, N.J. 07069