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DAILY NEWS AND ADVICE FROM REALTY TIMES 06/05/2008

Finding a mortgage is the second most important task you face behind actually finding your home. And if you're buying a new home, your builder may offer you an incentive to use one of their preferred lenders. FULL STORY->

New Jersey Estates/
Weichert Realtors

Paul S & Pat C

June 2008

LINKING THE LATEST TECHNOLOGY
TO OLD FASHIONED SERVICE

Daily News And Advice
Updated 01:09 AM CDT Today

Today's Feature Stories

Real Estate Outlook: Positive GDP Growth Rate

Recession or no recession? That's a key question for real estate because any sort of deep or prolonged recession would choke off all hopes of a housing recovery anytime soon. FULL STORY->

New Homes: Why Use an In-House Lender?

Realty Viewpoint: Housing Crosses Biggest Hurdle - Price

I like the way economist Irwin Kellner explains housing, because he's sensible and he's straightforward. He says in his latest column for MarketWatch that housing could turn around quickly because it's become affordable again. FULL STORY->

Site To See: Green Condo Life

A new website and best practices manual is designed just for homeowner association members who want to pitch in on the world's 'green' movement to help save the planet. FULL STORY->

California Realtors Oppose Requirement for Energy Audits at Time of Sale

Imagine this: You have finally found a buyer for your house, and he is willing to take it "as is" with a quick escrow. Just in the nick of time. But wait. First, you have to schedule a state-mandated energy audit, and then, before closing, you will have to take whatever retrofit measures the audit calls for. Bye bye quick escrow. And so much for the "as is" sale. Ah, California, there's no place like it for conducting real estate business. FULL STORY->

Headlines

Is The VOW Debate Finally Over?
The National Association of Realtors has now agreed to adopt a modified Internet listing policy to settle allegations of unfairness by the Justice Department. Columnist Peter G. Miller says the real winners may be surprising. FULL STORY->

Condo Trends: Keeping the Dues Flowing
In the face of record number foreclosures, one of the residual points of concern is when condo owners dues begin to suffer. When a condominium goes into foreclosure, more than likely the dues for that unit have not been paid for months -- long before the property went into foreclosure. 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: How To Make The Short Sale
Single-family home prices have dropped in 262 out of 330 markets for the third straight period, says Global Insight, adding to the depression consumers are feeling about tighter credit and escalating personal expenses. FULL STORY->

Mortgage Moment: Deductible Interest
#30 FULL STORY->

How Much Equity Do I Have?
tba FULL STORY->

How To Get the Goods on 'Regreening'
'Regreening' or green remodeling requires some extra homework to make sure the materials, design and contractor all come with true green practices and guidelines. FULL STORY->

Fear: The Ultimate Career Killer
Fear truly is the ultimate career killer. It keeps us from doing the very basic things we must do in order to succeed. Columnist Mark Boyd gives his take on how to overcome the fear. FULL STORY->

HOA Management: A Breed Apart
Homeowner association management is one of the most challenging forms of property management there is. In residential, commercial and industrial rental management, there is a revocable agreement that allows the property owner a fair amount of control over the tenant. If the tenant doesn't live up to the agreement, the owner can terminate the agreement (and vice versa). This is not the case in HOAs which are controlled by the board, governing documents, HOA statutes and property rights. FULL STORY->

Market Conditions
According to the National Association of Realtors' report released late last month existing-home sales slowed during the month of April. But is this whole picture? FULL STORY->

Foreclosure Casualties High In GI Households

New Homes: Buy Green - Drive Green

Realty Viewpoint: Housing Flu Running Its Course

Market Conditions: Seattle and King County

Why Do Lenders Accept Short Sales?

Real Estate Strategies: Reversing Self-Sabotage

Real Estate Investment Finances Education

Washington Report: Overhauling Real Estate Appraisals

Wild, Wild West: California Dreamin' Makes A Comeback

Realty Viewpoint: Four Facts Of Life For The Accidental Landlord

Market Conditions: West Los Angeles

What's an FHA loan?

Creating Sales Rapport Magic

Architects Say Building Information Modeling is a 'Must Have'

Investor Report: Energy and Tax Extenders Act of 2008

Hot Market: Rust Belt Leading Way to Recovery

Realty Viewpoint: Guess What? Equity Recovers

Market Conditions: North Carolina

Should My Broker Show a Marketing Plan?

Multifamily Real Estate Acquisition Strategies: A One-On-One With Walter Helm

Real Estate Outlook: Positives Taking Shape

Real Estate Outlook: Spring Market Has Good News

Give (Referrals) and Ye Shall Receive!

CURRENT
MORTGAGE RATES

Interest Rate Watch

30 yr fixed: 6.08%

15 yr fixed: 5.66%

1 yr adj: 5.22%

(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

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Posted by Patricia Cornish NJ, New Homes, Pre Owned Homes on 06/05/2008 10:24 AM

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