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

DAILY NEWS & ADVICE FROM REALTY TIMES/ 04/09/2008

There's a remarkable article in The Washington Times of March 20th, perhaps the last public interview with outgoing HUD Secretary Alphonso Jackson. Mr. Jackson, according to the paper, "said he has no sympathy for people with high incomes and education who knowingly took out risky loans with backloaded payments. That is the reason why the Bush administration is not offering such people assistance in avoiding foreclosure."

New Jersey Estates/
Weichert Realtors

Paul S & Pat C

April 2008

LINKING THE LATEST TECHNOLOGY
TO OLD FASHIONED SERVICE

Daily News And Advice
Updated 01:00 AM CDT Today

Today's Feature Stories

Saying No To Yuppie Discrimination

Our HUD secretary has elected to abruptly leave government service, a loss to real estate commentators everywhere. Columnist Peter G. Miller explains. FULL STORY->

Condo Trends: Big Apple Provides Big Gains

Manhattan condo prices jumped a whopping 36 percent the first quarter of 2008 to a record $1.9 million, according to the Manhattan Market Overview. The gain reflected higher price bumps at the upper end of the condo market with median sales prices lingering at $1.1 million -- up 17 percent over the same time last year. FULL STORY->

Realty Viewpoint: Pending Sales Shows Buyers' Fear Still In Control

There's no index to track fear, but that could be the real reason why the National Association of Realtors is expecting a flat sales until the middle of the year. FULL STORY->

Regional Report: West

There's good news this week for troubled homeowners facing foreclosure. As the LA Times reports, The House and Senate are considering major proposals for federal intervention on a massive scale for those homeowners. FULL STORY->

Insuring HOA Success

One underlying principle to keep in mind is that insurance in any form presents some form of risk for the insured. The gamble is that bad things won't happen but insurance companies know that somewhere, sometime, they will. FULL STORY->

Court Action Will Increase Market Exposure for Distressed Property Sales

Thanks to a recent act by the state Supreme Court there's some good news for sellers of distressed properties in California. The action had nothing to do with foreclosure procedures, bankruptcy cramdowns, predatory lending, or any of the other mortgage crisis topics du jour. Rather, its effect, by implication, is that sellers whose homes are in the process of foreclosure will now have their property exposed to a larger pool of buyers than they were previously able to. FULL STORY->

Headlines

Mold Must Go: 6 Things to Know
What do you need know about mold to best serve your clients and keep yourself out of trouble? Columnist Steve Rodriguez explains. FULL STORY->

Mortgage Moment: How Long Should You Keep Realestate Settlement Papers?
#19 FULL STORY->

Realty Viewpoint: Moms Rate Schools Third As Reason For Moving
A new joint survey by Coldwell Banker Real Estate LLC and BabyCenter LLC offers some interesting insights into the minds of mothers when it comes to real estate, namely what motivates them to move. FULL STORY->

Market Conditions: Phoenix, Arizona
Bob Stahl reports that the sales volume in the Greater Phoenix area resale market improved in February, with 3,700 recorded sales compared to 3,300 in January. FULL STORY->

Can I Buy without an Agent?
tba FULL STORY->

Joint Ownership: Proceed with Equal Parts of Creativity and Caution
Joint ownership may be the way into or out of a real estate market that is keeping you from going solo. PJ Wade provides insight for owners and buyers into what may seem impossible. FULL STORY->

Open House Secret Formula
As in everything, the key to a successful Open House is: prepare, prepare, prepare. Of course, you want serious buyers. That's a given. But you also want sellers who live in the area and may want to list their home in the near future. An Open House is a great way for them to gather information. FULL STORY->

Married To Your Home
The last thing you considered when you got married were wedding vows that suggested you may have to live with your ex. Think again. FULL STORY->

Fire Safety Common Sense Program Saves Homes and Lives in San Diego Area
Ever wonder why fires can devastate some neighborhoods and not seem to touch others nearby? It may be fate, weather conditions or location, but then again, it may also be fire safety planning at its finest. FULL STORY->

Washington Report: $15 Billion Housing Market Relief Plan
Capitol Hill was buzzing late last week about what was included -- and what got left out -- of a sweeping $15 billion housing market relief plan. FULL STORY->

Wild, Wild West: California Cold To 'Jumbo Conforming' Loans

Interest Rate Update

Realty Viewpoint: Zillow Takes On Mortgage Market

Regional Report: Midwest

Market Conditions: St. Louis, Missouri

Does Making a Larger Downpayment Make Sense?

Software Helps Builder Focus on Customer Relations, Enhancing Bottom Lines

Don't Wait: Create

Investor Report: Investor Market Strong

Hot Market: Allentown, PA - Not Just A Steel Town Anymore

Realty Viewpoint: Real-time Housing Composite Shows Possible Bottom Near

Regional Report: Northeast

Market Conditions: Ventura County, California

Should We Sell for Retirement?

Long-Term Mortgage Rates Drift Slightly Upward This Week

Decorating on a Budget: It Can be Done!

Ask Realty Times

Real Estate Outlook: Market is Stirring

Regional Report: West

Realty Viewpoint: Bernanke Could Help Housing If He Wanted To

Investor Report: New Opportunities from Rates Downswing

Real Estate Outlook: A Looming Recession?

CURRENT
MORTGAGE RATES

Interest Rate Watch
30 yr fixed: 5.88%
15 yr fixed: 5.42%
1 yr adj: 5.19%
(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 S & Pat C ,
Luxury Custom New &
Pre-Owned Homes
E-mail: njestates@earthlink.net
Web: http://www.newjerseyestates.net/
908-561-5492 (Paul S) 908-310-1358 (Cell)

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

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