Home : Blogs : Patricia Cornish NJ, New Homes, Pre Owned Homes : Pat Cornish/ New Jersey Estates/ Weichert Realtors

DAILY NEWS AND ADVICE FROM REALITY TIMES 03/14/2008

NEW JERSEY ESTATES

Paul Stillwaggon & Pat Cornish
908-561-5492

March 2008

LINKING THE LATEST TECHNOLOGY
TO OLD FASHIONED SERVICE

Daily News And Advice
Updated 10:24 AM CDT Today

Today's Feature Stories

Investor Report: Economic Stimulus Provides Opportunity

Take a hard look at multi-unit or single unit rental properties if you're in a high cost area. Thanks to the stimulus package, you might be able to finance bigger, more expensive real estate as an investor than you ever imagined. FULL STORY->

Hot Market: Boulder Moves Forward

Situated in the center of a state-wide economy that has grown while surrounded by states that have deflated in jobs and economic growth, the Boulder, Colorado real estate market has weathered well and continues to grow in 2008. FULL STORY->

Realty Viewpoint: Federal Charter Banks Can't Have It Both Ways, Mr. Paulson

As foreclosures escalate, U.S. Treasury Secretary Henry Paulson is heading a presidential working group that he says wants more regulation on banks, including federal and state oversight on mortgage lenders. What a difference a recession makes. Back in 2004, it was the Treasury that issued new rules that national banks should be exempt from state oversight, including many consumer protections. FULL STORY->

Long- and Short-Term Rates Rise This Week

Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.13 percent with an average 0.5 point for the week ending March 13, 2008, up from last week when it averaged 6.03 percent. Last year at this time, the 30-year FRM averaged 6.14 percent. FULL STORY->

The Evolution Of The Real Estate Consumer: Part II

Real estate consumer awareness and consciousness had never been higher or more Independent. FULL STORY->

Real Estate Marketing Strategies: Tips for Creating Success

Take a moment to think about the word "marketing." What thoughts come up for you? Do you wish it would go away? Do you start to think of yourself like a salesperson? Do you have self-limiting beliefs, like, "I can't market myself"? What feelings come up for you, do you get tense, do you get a knot in your stomach, or do your jaws clench? FULL STORY->

Headlines

Real Estate Outlook: Positive Trends
You might just be missing some positives in the market equation that you could put to work for you. FULL STORY->

Condo Trends: Self-Insurance Replacing Traditional Policies?
Following years of getting slammed by hurricanes in the Sunshine State, condo owners are starting to consider self-insurance trusts to provide an alternative to the nearly-impossible rates charged by traditional insurance providers. FULL STORY->

Interest Rate Update
Today's Interest Rates from Realty Times are based on a 30 year amortization rate, with good credit and no origination fees. With no major economic news today to report, mortgage rates are stable. FULL STORY->

Realty Viewpoint: Thanks, Freddie Mac, For More Scary Housing Headlines
When you have luminaries like Freddie Mac CEO Richard Syron telling investors that peak-to-trough, housing should decline 15 percent, it's hard to estimate what kind of psychological and economic damage it will do to housing and the overall economy. FULL STORY->

Market Conditions: Virginia Beach, Virginia
Dee Maltese, our market expert for the Hampton Roads region of Virginia Beach, says the new homes market is holding steady, and is far from the hectic market of years past. FULL STORY->

Do Luxury Agent Make More Commission?
tba FULL STORY->

Is 40 The New 30 In The Life Of A Mortgage?
Give the 40-year mortgage another look, include comparisons with other mortgages and put it in the context of your personal financial lifestyle, planning and goals. FULL STORY->

Two Credibility Killing Mistakes that Can Absolutely Ruin a New Agent's Business
Columnist Brian Hilliard shows how even a small business can get big accounts. FULL STORY->

Trivial is in the Eye of the Beholder
Persons who maintain walkways, whether public or private, are not required to maintain them in an absolutely perfect condition. The duty of care imposed on a property owner, even one with actual notice, does not require the repair of minor defects. But what is "minor"? FULL STORY->

Overturning the Federal Applecart
Since the Civil War the federal government has regulated national banks with an iron hand. Now a state attorney general has found a way to crack the federal monopoly. Columnist Peter G. Miller reports FULL STORY->

Realty Viewpoint: FED Lifeline Ironic As Lawsuits Rain Down On Mortgage Lenders

Market Conditions: Diablo Valley, California

Will Inflation Makes Home Prices Rise or Fall?

Mortgage Moment: To Float or Lock?

Doggone Dogs

Spiffing Up Your Vacation Rental

Do You Know Where Your Ethics Are?

Turn Your Business Around

New Homes: Walking on Green

Word On The Street: Housing Market Grim

Market Conditions: Phoenix, Arizona

Realty Viewpoint: How Oklahoma Fights Negative Housing Press

What Makes it a "Buyers" or "Sellers" Market?

Mortgage Pre-Approval versus Mortgage Pre-Qualification

Who Will Watch the RESPA Watchdog?

Washington Report: Fannie and Freddie Overhaul Appraisal Practices

Wild, Wild West: Echo Boomers Invade Urban Cores

Realty Viewpoint: Remember the Nasdaq, Homebuyers May Balk At Homebuying Even If Conditions Improve

Market Conditions: Chicago, Illinois

Where to Find Stats on Average Sales

Real Estate Marketing Strategies: Seven Powerful Tips to More Confidence

Real Estate Outlook: Economy Solid and Encouraging

CURRENT
MORTGAGE RATES

Interest Rate Watch
30 yr fixed: 6.13%
15 yr fixed: 5.60%
1 yr adj: 5.14%
(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 & Pat Cornish
908-561-5492,
Luxury Custom New &
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