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Today's Real Estate News and Advice
Updated: June 9, 2004
Housing Fueling Consumer Spending
Equity loans are replacing refinancing as consumers' equity-tapping tool of choice to fill their flats, improve them and build still more equity to weather the high-interest rate storm brewing. The potential for higher gasoline prices, however, clouds consumer spending forecast. FULL STORY->
Silicon Valley Prices Rising, Records Falling
Silicon Valley home buyers are gaining equity while their home is still in escrow and potential sellers are being cautioned not to wait too long to put their homes on the market as price records in the region continue to fall. Broderick Perkins reports. FULL STORY->
How Brokers Can Grow Their Business In A Rough Market
As mortgage rates rise will brokers find fewer homes to sell? With just about every seer and soothsayer predicting higher mortgage rates and slower sales during the coming year, Peter G. Miller looks at the strategies brokers will need to succeed in tough times. FULL STORY->
Fairfax County, Virginia Still In Feverish Seller's Market
Fairfax County, Virginia, which has some of Washington D.C.'s most prestigious suburbs, remains in a strong seller's market, largely due to favorable employment numbers. FULL STORY->
Location Still Key For Canadian Workers
Technology is moving work home so employees can enjoy the best of both worlds, however, PJ Wade explains that even Canadian technology workers may find they have to live where they work, whether they like it or not. FULL STORY->
Water Fun Brings Risks For Nation's Sunbelt
It's completely preventable, yet drowning is the leading cause of accidental deaths of children five and younger in some areas of the nation's sunbelt. Phoebe Chongchua offers tips to keep your family safe while enjoying your summer in the sun. FULL STORY->
How To Make Your House Show Great If You're Scrambling To Sell This Summer
As interest rates creep upward with summer drawing near, many are scrambling to buy as soon as they can. That's good news for sellers, some of whom may be scurrying to get their houses on the market before interest rates head higher. Michele Dawson explains. FULL STORY->
Providence, Rhode Island Sales Slow From Last Year
Providence, Rhode Island has transformed itself over the last ten years, but its brisk real estate market has begun to slow down, says a local Realtor. FULL STORY->
FTC Spells Out Final "Free Credit Report" Rules For Consumers Nationwide
Home buyers nationwide -- and the realty professionals who advise them -- will be able to obtain copies of each of their three national credit bureau files, once a year at no cost, under final regulations adopted by the Federal Trade Commission June 4. Ken Harney reports. FULL STORY->
Condominium Abuses: A Continuing Saga
Every so often, a case comes across my desk which reminds me that many community associations still have a lot to learn. The saga of Bessie Jacobs v. Concord Village Condominium X Association is a case in point. Benny L. Kass has the details. FULL STORY->
More Choices For Zero-Down Loans
With interest rates steadily increasing many folks think it's time to buy but they don't have enough money saved up for a downpayment. Few buyers realize that a zero-money-down conventional program might not be their best bet. David Reed has the details. FULL STORY->
Wisconsin Lake Markets Are Selling Homes
Realtors in Wisconsin communities such as Rice Lake, Lake Geneva, and Legend Lake are reporting brisk sales in homes. FULL STORY->
Mortgage Rates Flat This Week As Markets Wait For More Economic News
In Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.28 percent, with an average 0.7 point, for the week ending June 3, 2004, down slightly from last week when it averaged 6.32 percent. FULL STORY->
Financial Advisers Update Home-Buying Rules
Financial advisers say home buying isn't a solitary means to an end, but an integral part of a household's overall financial needs, planning and goals. Their more financially holistic approach puts a different spin on home buying advice and sheds new light on achieving home ownership. FULL STORY->
Hispanics Poised To Affect Buyer Pool
A new survey released by Harris Interactive Market Research reveals major changes are on the way for real estate professionals as the face of their customer base is poised to change. M. Anthony Carr reports on the survey's findings. FULL STORY->
Townhouses Continue To Grow In Size And Popularity
The townhouse began as an alternative to the single-family detached suburban home -- smaller, less expensive, and requiring little maintenance. Yet in recent years, townhouses have grown so much they bear little resemblance to their early ancestors. FULL STORY->
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