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NEW JERSEY ESTATES/DAILY NEWS & ADVICE FROM REALTY TIMES/ 11/23/07

By Jane Nicastro-Disch Warren NJ

Real Estate Agent with Weichert Realtors

November 23, 2007 09:01 AM

WEICHERT REALTORS/ NEW JERSEY ESTATES
Paul Stillwaggon & Pat Cornish
908-561-5492

November 2007

LINKING THE LATEST TECHNOLOGY
TO OLD FASHIONED SERVICE

Daily News And Advice
Updated 11:54 AM CST Today

Today's Feature Stories

Weak Housing Market Remains a Drag on the Economy Even as Mortgage Rates Continue to Decline

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.20 percent with an average 0.5 point for the week ending November 21, 2007, down from last week when it averaged 6.24 percent as well. Last year at this time, the 30-year FRM averaged 6.18 percent. The 30-year FRM has not been lower since the week ending May 10, 2007, when it averaged 6.15 percent. FULL STORY->

Thank You for This Old House

Columnist M. Anthony Carr gives an update on his own home projects, gone good -- and funny. FULL STORY->

Silicon Valley Micro-Markets Emerge

No longer can you lump the Silicon Valley market in a single "up" or "down" category. The market has split into three and local agents can best advise to buy or sell. FULL STORY->

Ask Realty Times

What can I do with a house that won't sell? Can I get the residential capital gains write-off if I live in a house for a few months? What's the difference between "repairs" and "improvements"? Peter G. Miller looks at the week's most interesting questions for Realty Times. FULL STORY->

Headlines

Silicon Valley Micro-Markets Emerge
No longer can you lump the Silicon Valley market in a single "up" or "down" category. The market has split into three and local agents can best advise to buy or sell. FULL STORY->

Weak Housing Market Remains a Drag on the Economy Even as Mortgage Rates Continue to Decline
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.20 percent with an average 0.5 point for the week ending November 21, 2007, down from last week when it averaged 6.24 percent as well. Last year at this time, the 30-year FRM averaged 6.18 percent. The 30-year FRM has not been lower since the week ending May 10, 2007, when it averaged 6.15 percent. FULL STORY->

Thank You for This Old House
Columnist M. Anthony Carr gives an update on his own home projects, gone good -- and funny. FULL STORY->

Local Stats More Telling: NAR
Angry that local media is running with sometimes unsubstantiated, always national reports of a housing market in a death-spin, the National Association of Realtors leadership is imploring members to set the record straight in their necks of the woods. Lew Sichelman reports. FULL STORY->

More Gifts That Really Hit Home
For those housing market fanatics on your holiday shopping list who can't seem to get enough boom or bust, here's what's likely to be among their most favorite things. FULL STORY->

Formal Consensus
When it comes to decision making in homeowner associations, parliamentary procedure (like Roberts Rules) is often the basis for making them. FULL STORY->

Will The Silent Killer Invade Your Home?
Do you know why you will not be killed or maimed by carbon monoxide? PJ Wade asks the big questions, and shares procedures and cautions to protect you and your family from this deadly gas. FULL STORY->

How Mortgage Loan Officers Get Started
Getting started in mortgage lending has long been a mystery, but now it's possible to crack the code with a newly-published book. Columnist Peter G. Miller comments. FULL STORY->

Droughts Impact 'Location' Buying Factor
Droughts are no longer the concern only of those in some distant locale. They linger longer, spread further, and are more likely to impact home-buying choices. FULL STORY->

Online 'Privacy Policies' Vastly Misunderstood
Online merchants' privacy policies disclose how they use information to sell merchandise, but consumers believe the policies indicate information is kept private. FULL STORY->

No More Lost In Translation: Company Meets Consumer Needs
More than 50 million people in America speak a language other than English. These same people are frequently buying and selling real estate in the US. FULL STORY->

Attention Builders: Sustainability in Corporate Real Estate is Going Mainstream, Residential Buyers Want Same
CoreNet Global, an international association of workplace and corporate real estate executives, and Jones Lang LaSalle, a leading real estate service provider, queried more than 2300 attendees of CoreNet Global Summits on four continents and learned that a large majority of companies around the world view sustainability as critical to their business and are willing to pay a premium to help their companies become more sustainable. FULL STORY->

Mixed Economic Signals Keep Mortgage Rates Flat this Week
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.24 percent with an average 0.4 point for the week ending November 15, 2007, unchanged from last week when it averaged 6.24 percent as well. Last year at this time, the 30-year FRM averaged 6.24 percent. The 30-year FRM has not been lower since the week ending May 17, 2007, when it averaged 6.21 percent. FULL STORY->

Hot Markets: Washington, D.C. 20015
In the shadow of the White House and Washington Monument is a Zip Code that houses a community unlike many across the country. FULL STORY->

Have We Hit the Bottom Yet?
Headlines sending shivers in the Fall market? Columnist M. Anthony Carr explains. FULL STORY->

Keep Your Home Fire-Safe

Keeping Your Credit Clean

Under-Reported Concerns Of Buyers Exposed

Foreclosure Fallout Landing On Neighboring Homes

Energy Saving is Consumer Key Interest in Green Building

Real Estate Brokerages Say Green is the New Gold

"Women Building Women:" An Idea Who's Time Has Come -- Big Time!

Mag Picks ‘Most Valuable Products'

HOA Newsletter Gold

Finding News That Really Hits Home

Lenders Turning The Screws On Mortgages

Does The Mortgage Meltdown Impact The Rich?

Iqaluit Tackles Climate Change Internationally

Ask George & Chuck: Questions from Consumers

Money Really Can Grow On Trees

Mortgage Market Woes Takes Toll on Jobs

A Cut-off of the Mortgage Interest Deduction for Big Houses?

New North Carolina Mortgage Law Chills Washington Lobbyists

Real Estate "Oases": Markets Thriving in Tough Times

Where to Advertise Your Home For Sale

CURRENT
MORTGAGE RATES

Interest Rate Watch
30 yr fixed: 6.24%
15 yr fixed: 5.88%
1 yr adj: 5.50%
(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

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

908-561-6499 (Pat) 908-578-0890 (Cell)

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