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DAILY NEWS & ADVICE FROM REALTY TIMES/ 03/27/2008

Our industry has shifted to a buyer's market. The mortgage industry's woes have come to roost in the building industry's branches, and builders are rightfully concerned about how they can be as successful as they were in the past. FULL STORY->

NEW JERSEY ESTATES

Paul Stillwaggon & Pat Cornish
908-561-5492

March 2008

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Daily News And Advice
Updated 01:00 AM CDT Today

Today's Feature Stories

Real Estate Outlook: Existing Home Sales Rise

Sales of existing homes last month rose for the first time in half a year, adding fresh evidence that the housing cycle may finally be bottoming out after nearly three years of correction. FULL STORY->

Regional Report: West

As we all know, the West seemed to be one of the hardest-hit areas by the current housing downturn. But Realty Times contributor Broderick Perkins argues that, despite the gloomy news, it's not as bad as it looks. FULL STORY->

Realty Viewpoint: Bad News Makes Homebuying Conditions Better

For those homebuyers who are still waiting for better conditions, there's another miracle headed your way. FULL STORY->

Real Estate Investment Basics

If market conditions have given you the itch to invest in real estate, treat it with education, market savvy and professional help. FULL STORY->

Curb Appeal: Stamped Concrete

Curb appeal is the first impression of a home or property as viewed from the street. And it can actually increase the value of your property for resale, or better yet, cause envy from nearby neighbors. FULL STORY->

Be the Difference that Makes the Difference

Headlines

A Bailout By Any Other Name
The federal government has pledged $30 billion to assure the successful buyout of Bear Sterns. Columnist Peter G. Miller looks at the actions which were not taken. FULL STORY->

Condo Trends: Detroit - the Phoenix of Real Estate
Long known for its continued loss of jobs in the last seven years and one of the highest foreclosure regions in the country, condo and home sales are jumping dramatically in Detroit. 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. Economic news hasn't been as good as the Fed would like to hear. FULL STORY->

Realty Viewpoint: Watch The Dates Of Housing Reports
It didn't take long for the bloom to leave the rose. The notoriously pessimistic Case-Shiller Index says housing prices fell a record 2.4 percent between December and January. Following on the heels of the February report from the National Association of Realtors, the Case-Shiller report appears to contradict the NAR's, but keep in mind, it's not only a month earlier, it only covers same-sale homes in 20 markets, and it excludes multifamily homes. FULL STORY->

Regional Report: South
It's more -- comparatively -- good news for the Southern region again this week. This come on the tails of a report from the National Association of Realtors published this Monday that shows the most recent data for roughly half of the metro areas in the U.S. are seeing price increases, with healthy gains in markets such as Oklahoma City. FULL STORY->

Mortgage Moment: Landlord Responsibilities for Lead Paint
#17 FULL STORY->

What's an "REO" property?
ask rt daily FULL STORY->

Market Conditions: Chicago, Illinois
Chicago fell into a deep freeze this quarter, says market expert Beki Darin. Prospects have been slim and very few potential buyers have been viewing listings. FULL STORY->

Motivate Your Sphere of Influence
As a business coach for real estate agents, Dr. Maya Bailey often hear my clients say, "I just can't pick up the phone and call my sphere of influence." "Why not?" she asks. This article shows you how to motivate your sphere of influence to refer to you easily and effortlessly. FULL STORY->

HOA Committee Gems
Committees are a frequently untapped treasure available to the HOA board. Besides benefitting the board by spreading the work around, committees are an excellent training ground for future board members. Folks that may be reluctant or too timid to step up to a board position often feel right at home on a committee with limited or focused responsibilities. FULL STORY->

Cultivating A Green Home Lifestyle

Seller Financing Coming Around Again

New Homes: Skinny Infill That Works

Realty Viewpoint: Rising Housing Sales Should Be No Surprise

Market Conditions: Atlanta, Georgia

What are the Effects of the Economic Stimulus Package?

Reverse Mortgage Market: Double Is Just the Beginning

March Cybertips

How to Be an Advertising Contrarian

Washington Report: Buying Bonds and the Mortgage Market

Wild, Wild West: No Recession Forecast For California, Nation

Realty Viewpoint: No, No, No! Don't Listen To Econophonies!

Regional Report: Midwest

Market Conditions: Las Vegas, Nevada

How to Find a Good Agent

Rental Apartments at Risk to Housing Woes but Not in all Markets

Setting And Achieving Prospecting Goals

Read Your Mind: What's in YOUR Library? Fueling Your Brain, Business and Life with the Written Word

Investor Report: Timber Property

Hot Market: Topeka, KS Weathering Housing Storm

CURRENT
MORTGAGE RATES

Interest Rate Watch
30 yr fixed: 5.87%
15 yr fixed: 5.27%
1 yr adj: 5.15%
(U.S. Daily Averages)

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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