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DAILY NEWS & ADVICE FROM REALTY TIMES/ 03/17/2008

On Capitol Hill, it's known as the biggest goof-up relating to housing in years: Working with the White House, Congress passed a bipartisan $150 billion stimulus bill that raised mortgage limits for home buyers in high cost areas across the country -- but totally forgot about a program that helps finance more than 11,000 homes a month. VA loans for veterans. FULL STORY->

NEW JERSEY ESTATES

Paul Stillwaggon & Pat Cornish
908-561-5492

March 2008
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Daily News And Advice
Updated 01:27 PM CDT Today
Today's Feature Stories

Washington Report: VA Loans for Veterans Overlooked

On Capitol Hill, it's known as the biggest goof-up relating to housing in years: Working with the White House, Congress passed a bipartisan $150 billion stimulus bill that raised mortgage limits for home buyers in high cost areas across the country -- but totally forgot about a program that helps finance more than 11,000 homes a month. VA loans for veterans. FULL STORY->


Wild, Wild West: San Jose's Solar Home Sales Sizzle

LEED certified new homes with new integrated solar roofing are hot sellers in the San Jose, CA market where home sales are otherwise languid and prices flat. FULL STORY->


Realty Viewpoint: It Doesn't Take That Much Green To Go Green

Greenbuilding is going to be part of our homes and businesses from now on. We all want to help the environment, but what can the individual homeowner do that will make a difference? The answer is plenty, and it doesn't have to cost you a lot of green to go green. FULL STORY->


Nontraditional Offerings Dominate Flooring and Railing Trends for 2008

When it comes to style and design European trends typically lead the way, and in 2008 it appears that is the case in new flooring and railing trends. With flooring, lighter colors that have dominated the European market are now gaining popularity in North America, with more buyers seeking out flooring that has a faded or distressed appearance. FULL STORY->


Four Easy Steps to Handling Presentation Objections

Sales objections are part of selling. For most people in sales, they present an immovable object in the road to your success. Real estate agents often freeze when presented with a sales objection. They don't know what to do or say in the face of this perceived danger. FULL STORY->


Perspective on the Road Ahead

As we steady ourselves and look to the rest of the year, it's important to look within and ask what perspectives, habits and heroes have made their mark on who we are and where we're going? That particular trip can be soothing or scary -- depending on the road you've traveled -- but either way, an important step in making the most of what lies ahead. FULL STORY->


Headlines

Investor Report: Economic Stimulus Provides Opportunity
Take a hard look at multi-unit or single unit rental properties if you're in a high cost area. Thanks to the stimulus package, you might be able to finance bigger, more expensive real estate as an investor than you ever imagined. FULL STORY->

Hot Market: Boulder Moves Forward
Situated in the center of a state-wide economy that has grown while surrounded by states that have deflated in jobs and economic growth, the Boulder, Colorado real estate market has weathered well and continues to grow in 2008. FULL STORY->

Realty Viewpoint: Federal Charter Banks Can't Have It Both Ways, Mr. Paulson
As foreclosures escalate, U.S. Treasury Secretary Henry Paulson is heading a presidential working group that he says wants more regulation on banks, including federal and state oversight on mortgage lenders. What a difference a recession makes. Back in 2004, it was the Treasury that issued new rules that national banks should be exempt from state oversight, including many consumer protections. FULL STORY->

Market Conditions: Central Valley, California
The central Valley should continue to struggle until all the excess supply is depleted, which might not be until late 2009. But there is an upside to this market. FULL STORY->

How Far Back Do Lenders Check Credit History?
tba FULL STORY->

Long- and Short-Term Rates Rise This Week
Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.13 percent with an average 0.5 point for the week ending March 13, 2008, up from last week when it averaged 6.03 percent. Last year at this time, the 30-year FRM averaged 6.14 percent. FULL STORY->

Real Estate Marketing Strategies: Tips for Creating Success
Take a moment to think about the word "marketing." What thoughts come up for you? Do you wish it would go away? Do you start to think of yourself like a salesperson? Do you have self-limiting beliefs, like, "I can't market myself"? What feelings come up for you, do you get tense, do you get a knot in your stomach, or do your jaws clench? FULL STORY->

The Evolution Of The Real Estate Consumer: Part II
Real estate consumer awareness and consciousness had never been higher or more Independent. FULL STORY->

Before You Buy, Understand the Regional Defects Of The Area
Before you purchase a home, understanding home maintenance issues that are particular to a region can save you a lot of headaches. The American Society of Home Inspectors (ASHI) reveals maintenance issues that are related to particular geographical regions. The association says it's important for consumers to understand these differences. FULL STORY->

Ask Realty Times
Should I buy a new home before I sell the old one? My builder is offering lease-to-buy deals in my subdivision. Will I lose money as a result? What's the best way to start investing? Peter G. Miller looks at the week's most interesting questions for Realty Times. FULL STORY->

Real Estate Outlook: Positive Trends

Condo Trends: Self-Insurance Replacing Traditional Policies?

Interest Rate Update

Realty Viewpoint: Thanks, Freddie Mac, For More Scary Housing Headlines

Market Conditions: Virginia Beach, Virginia

Do Luxury Agent Make More Commission?

Is 40 The New 30 In The Life Of A Mortgage?

Two Credibility Killing Mistakes that Can Absolutely Ruin a New Agent's Business

Trivial is in the Eye of the Beholder

Overturning the Federal Applecart

Realty Viewpoint: FED Lifeline Ironic As Lawsuits Rain Down On Mortgage Lenders

Market Conditions: Diablo Valley, California

Will Inflation Makes Home Prices Rise or Fall?

Mortgage Moment: To Float or Lock?

Doggone Dogs

Spiffing Up Your Vacation Rental

Do You Know Where Your Ethics Are?

Turn Your Business Around

New Homes: Walking on Green

Word On The Street: Housing Market Grim


Investor Report: Short Sale Opportunities

Real Estate Marketing Strategies: Seven Powerful Tips to More Confidence

Real Estate Outlook: Economy Solid and Encouraging



CURRENT
MORTGAGE RATES

Interest Rate Watch
30 yr fixed: 6.13%
15 yr fixed: 5.60%
1 yr adj: 5.14%
(U.S. Daily Averages)


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Paul Stillwaggon & Pat Cornish
908-561-5492,
Luxury Custom New &
Pre-Owned Homes

E-mail: njestates@earthlink.net
Web: http://www.newjerseyestates.net/
908-561-5492 (Paul) 908-310-1358 (Cell)

908-561-6499 (Pat) 908-578-0890 (Cell)

Weichert Realtors
New Jersey Estates

908-561-5400
55 Stirling Road, Watchung, N.J. 07069


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