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Property Crossroads - Real Estate Info

Archive for October 2007

October 17th, 2007

Too much sugarcoating from Realtor associations?

How much trust should the public place in the housing reports sent out by the National Association of Realtors? It’s a legitimate question: The association exists to further the interests of real estate agents. How honest is it when it comes to reporting bad housing news?

By Dan -- 0 comments

October 17th, 2007

The worst time ever to be a homebuilder?

Every month, the National Association of Home Builders quizzes its members about the strength of the homebuilding business. The association has been doing this since 1985. That’s a long time, but not once in the history of this report have homebuilders been as pessimistic about their livelihood as they are now.

By Dan -- 0 comments

October 16th, 2007

Buyers, you have the power!

There’s an upside to every down real estate market. While it’s not great to be a seller today, it’s awfully nice to be a buyer.

By Dan -- 0 comments

October 15th, 2007

Moment of silence … hours of disgust

The quality of a community’s schools has a major influence on property values. If an area’s public schools are considered bad, they drive potential homebuyers away.

By Dan -- 0 comments

October 14th, 2007

Home equity loans: Use with caution

We’ve all heard the commercials on the radio or seen them on TV: Some company you’ve never heard of promises to help you pay off your credit card debt by tapping into the equity of your home. Often they start with a distressed consumer lying awake at night, fretting over mounds of unpaid bills.
 
And one […]

By Dan -- 1 comment

October 12th, 2007

Association study highlights mortgage industry woes

How bad have things been for the mortgage-lending industry? The business’ leading trade association reports that mortgage banking firms actually lost money in 2006 on the average mortgage loan they produced.
 
The 2007 cost study released this October by the Mortgage Bankers Association reports that mortgage-banking production profits fell to negative-$50 per loan made in 2006. […]

By Dan -- 0 comments

October 12th, 2007

Don’t push around that appraiser!

There is a dark side to appraising. Mortgage loan officers, eager to make sure that their deals close, have pressured appraisers to value homes at the point just high enough to make sure that their loans can be made.

By Dan -- 0 comments

October 11th, 2007

Sellers, is it getting better out there?

Homes are taking longer to sell. We all know this. But the National Association of Realtors on Oct. 10 released a report saying that it’s actually getting better in the home-selling business.

By Dan -- 0 comments

October 11th, 2007

House not selling? How big is your dog?

For all you home sellers out there, angry, barking dogs are a major turnoff.

By Dan -- 2 comments

October 10th, 2007

Is that the smell … of a home sale?

It may seem trite to rely on the whole baking fresh bread trick when showing a house. But the people who specialize in sensory marketing say there’s a reason why real estate agents still recommend this trick: It works.

By Dan -- 3 comments