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DAILY NEWS & ADVICE FROM REALTY TIMES/ 04/18/2008

Hold the phone. Or better yet, hold that $400 billion dollar check the Federal Government is about to mail out to cities around the country to buy foreclosed homes. 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

Ask Realty Times

Can my friend buy my house if I'm facing foreclosure? Should I buy real estate a thousand miles from here? Am I responsible for a lien that was just found on a home I sold many years ago? Peter G. Miller looks at the week's most interesting questions for Realty Times. FULL STORY->

Hot Market: Buffalo Planning for Future

With a new master plan in place, called the Framework for Regional Growth, the Buffalo/Niagara Falls, New York region is poised for economic growth as they face the end of the first decade of the 21st century. FULL STORY->

Ask Realty Times

Stop That Check

Hold the phone. Or better yet, hold that $400 billion dollar check the Federal Government is about to mail out to cities around the country to buy foreclosed homes. FULL STORY->

Selling Your Home In a Market Full of Foreclosures

Take a look in just about any neighborhood and you may find the sign of distressed times. Foreclosures are on the rise and that can cause a lot of panic for sellers who aren't in the same financial crisis. FULL STORY->

Regional Report: Northeast

Our market experts in Massachusetts are doing what they can to damper the continuing bad news regarding foreclosures in this beleaguered real estate market. FULL STORY->

Headlines

Condo Trends: Market Eats Up Inventory
The National Association of Home Builders reports the "condo market is showing initial signs of a revival in some markets across the country." This latest "uptick" is also helping the apartment rental market, according to multifamily housing developers who spoke at the trade association's International Builders' Show in Orlando last month. FULL STORY->

Real Estate Outlook: Spring Market Warm, but Consumer Confidence Low
Applications for purchases of homes were up 8.1 percent last week, according to the Mortgage Bankers Association of America's national survey. Purchase applications using FHA-insured mortgages -- the hottest game in town -- were up by 15.2 percent! FULL STORY->

Realty Viewpoint: Wealthy Take Advantage Of Homebuying Opportunities
You make money when you buy, not when you sell a home, suggests one popular idiom. That could be the reason the wealthy are trolling for bargains. FULL STORY->

Regional Report: West
Realty Times columnist Broderick Perkins recently identified silicon valley as one of the strongest housing markets in the West right now. FULL STORY->

Where Is The Most Affordable Place To Live In The U.S.?
tba FULL STORY->

Market Conditions: Atlanta, Georgia
Anthony Gugliotta says prices in the metro Atlanta market didn't see the steep drop other areas of the country did, which he attributes to steady appreciation rates of 5 to 6 percent over the last few years, opposed to the 20 to 50 percent seen in other areas. FULL STORY->

Achieving Success with the Strebor System
The Strebor system starts with a positive attitude that gives you the enthusiasm, optimism, commitment, and sticktoitism required to pursue and ultimately achieve your goals. FULL STORY->

New Agents Should Look for Good Companies -- Ethically Good Companies
Despite all the talk and coverage of the current real estate downturn, people are still coming into the real estate business. In California -- a state that is right up there among the leaders in foreclosures, slipping sales, and declining prices -- there are approximately 22,000 more real estate licensees (at 548,000) than there were at this time one year ago. FULL STORY->

Does It Matter Why Rates Are Low?
If we're having a mortgage meltdown shouldn't interest rates be climbing? You's think so, says columnist Peter G. Miller, but that's not the case. 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. Inflationary fears have rates on the rise. FULL STORY->

Realty Viewpoint: Don't Overlook Consumer Fraud In Foreclosure Mess

Regional Report: South

Mortgage Moment: Buying Properties with Acreage

What Happens if a Landlord Rents to Illegal Immigrants?

Market Conditions: Chicago, Illinois

Ask the HOA Expert

First Time Buyers' Dos And Don'ts

Ask Dr. Real Estate: Should I Buy the Farm?

Assigning Blame For The Housing Hangover

New Homes: Big Hat, No Cattle Found in Study of Denver Area Homebuilders

Market Conditions: Chandler, Arizona

With Little Down Is It Possible To Buy Real Estate?

Realty Viewpoint: A Doggone Dilemma

Communities Not Ready to Face Challenges of Aging Population

Selling Isn't About the Sale -- It's About the Relationship

Real Estate Marketing Strategies: Do You Find It Easy or Difficult to "Toot Your Own Horn?"

Washington Report: Bills on Capitol Hill

Wild, Wild West: Hard To Keep Silicon Valley Down

Market Conditions: Essex County, New Jersey

Where Can I go to Find Current Interest Rates?

CURRENT
MORTGAGE RATES

Interest Rate Watch
30 yr fixed: 5.88%
15 yr fixed: 5.40%
1 yr adj: 5.10%
(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 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

Equal Housing Opportunity

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Posted by Patricia Cornish NJ, New Homes, Pre Owned Homes on 04/18/2008 06:18 AM

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1 Comments on DAILY NEWS & ADVICE FROM REALTY TIMES/ 04/18/2008

WOW Pat....once again, stellar blog.

04/18/2008 07:31 AM

by Donna Marie Godfrey (Kenneth R. Styer Real Estate)

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