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DAILY NEWS & ADVICE FROM REALTY TIMES/ 04/10/2008

Mortgage money and interest rates continue to be key bright spots in the outlook for the real estate market this week. But there are some clouds gathering on the mortgage horizon that buyers and sellers need to know about. FULL STORY->

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

Real Estate Outlook: Mortgage Money and Interest Rates

Realty Viewpoint: Fair Housing Groups Need To Be Regulated

Discrimination is an ugly thing, but so is unlimited power. When you think about it, that's how discrimination gets started. FULL STORY->

Reducing Title And Escrow Fees

Title and escrow fees, amounting to thousands of dollars, are often considered compulsory as-is, but homework, haggling and comparison shopping can save cash. FULL STORY->

Real Estate Marketing Strategies: How to Stay Positive in Today's Market

So many real estate professionals today are wondering, "How can I stay positive in today's market?" Like any discriminating real estate professional, you realize the value of a positive mental attitude. Here are 8 ways that you can create and maintain a positive mental attitude in today's market. FULL STORY->

Headlines

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->

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 signs of inflation on the horizon, the Fed still has plenty of room to cut rates. 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->

Mortgage Moment: Keeping Settlement Papers
#19 FULL STORY->

What is an "Executive Home?"
tba FULL STORY->

Market Conditions: Charleston, South Carolina
Mia Burmeister-Laws says absorption rates in her area are on the increase, and sales exceeded new listings in March for almost all areas of Charleston, including the Historic Downtown District to Mt. Pleasant to the Outer Islands of Folly Beach, James Island, Kiawah, and Seabrook Islands, Johns Island and Wadmalaw. FULL STORY->

No Place Like Home For Savings
Living the simple life at home can help you realize the savings you need when times get tough. 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->

Insuring HOA Success

Mold Must Go: 6 Things to Know

Mortgage Moment: How Long Should You Keep Realestate Settlement Papers?

Realty Viewpoint: Moms Rate Schools Third As Reason For Moving

Market Conditions: Phoenix, Arizona

Can I Buy without an Agent?

Joint Ownership: Proceed with Equal Parts of Creativity and Caution

Open House Secret Formula

Married To Your Home

Fire Safety Common Sense Program Saves Homes and Lives in San Diego Area

Washington Report: $15 Billion Housing Market Relief Plan

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

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

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)

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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