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DAILY NEWS AND ADVICE FROM REALTY TIMES 05/29/2008

Speaking at a private financial conference in London last week, some of the top executive of America's biggest banks were moderately upbeat about where we're headed in housing and mortgages. FULL STORY->

New Jersey Estates/
Weichert Realtors

Paul S & Pat C
May 2008
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Daily News And Advice
Updated 01:00 AM CDT Today
Today's Feature Stories

Real Estate Outlook: Forecasts from Top Bank Execs

Speaking at a private financial conference in London last week, some of the top executive of America's biggest banks were moderately upbeat about where we're headed in housing and mortgages. FULL STORY->


Realty Viewpoint: HomeBuyers At Walk-Away Price, Best Buys To Come This Summer

Consumer confidence is at a 16-year low, says the Conference Board. Hit hard by high gas prices, lower housing prices, and rising medical and food bills, consumers had the bleakest expectations for jobs and inflation for the next 12 months. FULL STORY->


Regional Report: West

This week our report out of the Western region of the United States shows that most local markets are adjusting to the downturn in the real estate market as they move further into spring. FULL STORY->


ID Theft Hits Home

A new breed of ID-thief wants to heist your home (honest), likely your most valuable asset. Here's how to keep the swindlers from wrecking your homeownership. FULL STORY->


Commercial Tenant Screening a Must

Columnist Clifford Hockley gives some helpful tips on how to find the ideal commercial tenant. And shares the story of one owner who gets the help of his property manager. FULL STORY->


Selling the American Nightmare of Homeownership

Columnist Ralph Roberts relates the story of one homeowner who got taken advantage of in the search for a new home. FULL STORY->

Headlines

Senate Takes On Mortgage Walk-Away
A Senate Committee is taking on the problem of borrowers who "walk away" from their mortgages. The solution? Big penalties. Columnist Peter G. Miller explains. FULL STORY->

Condo Trends: Vacationers Want No Mess, No Stress Experience
Vacation condo renters are looking for an easy experience during a week on the coast. Investment beach condos can be a good second home, providing income and fund for owners who want a rental they can relax in as well as build wealth. So what can make that little getaway a cash cow? 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 to report, mortgage rates remain the same. FULL STORY->

Realty Viewpoint: DOJ, NAR Settle Virtual Office Policy Dispute
Remember the Department of Justice lawsuit against the National Association of Realtors? It was filed back in May 2005, and has been draggin on ever since. The DOJ's goal was to give everyone outside of brokers rights to use multiple listing service data. DOJ attorney J. Bruce Macdonald, deputy assistant attorney general for the antitrust division of the DOJ even called the MLS a public utility. FULL STORY->

Mortgage Moment: Fair Credit Report Act
#27 FULL STORY->

Market Conditions: Savannah, Georgia
Cora Bett Thomas Realty & Associates says the stars are aligned for buyers in Savannah, Bluffton, Hilton Head Island and Beaufort. FULL STORY->

Who Owns This Property?
tba FULL STORY->

Real Estate Marketing Strategies: How to Attract Your Ideal Client
Wouldn't it be nice to know that you had the power to attract only those clients that you really love to work with? Imagine the joy and satisfaction you'd feel getting up in the morning knowing that your day would be filled with people you like to be around! FULL STORY->

Tips For Sellers Down On Their Luck
Consumer Reports, the trusted rater of consumer goods and services, also offers tips for consumers holding, buying and selling homes. It recently offered advice sellers can bank on. FULL STORY->

Ask the HOA Expert
Does the board president have more authority than the other board members? Is it permissible for the board to convene a "brainstorming session" simply to talk as long as no decisions are being made? These questions and more in this week's column. FULL STORY->

Market Warms To Cheaper Jumbos

New Homes: As Foreclosures Abound Multi-family Builders are Sitting Pretty

Realty Viewpoint: Expert Discourages Foreclosures For First-time Buyers

Market Conditions: Baldwin County, Alabama

How Often Does County Asses Value?

Canada's Housing Market Finally Slows, but Still Looks Healthy

What's in the Toolbox of Top-Producing Agents

The VA Jumbo Mortgage

Washington Report: Uniform Downpayment Minimums

Wild, Wild West: SF Bay Area Looks Like A Recovering Market

Realty Viewpoint: Banks Choke Housing Sales

What is OFHEO?

Market Conditions: Myrtle Beach Grand Strand

Modular Housing No Longer a Trend, Niche Offers Affordability, Appeal and Quicker Build Times

Business Plan

Investor Report: New Private Fund

Hot Market: Phoenix Provides Lesson in Real Estate Trends

Interest Rate Update

Realty Viewpoint: Enjoy Those Mortgage Interest Rates While You Can

Market Conditions: Wayne County, North Carolina


Give (Referrals) and Ye Shall Receive!


CURRENT
MORTGAGE RATES
Interest Rate Watch
30 yr fixed: 5.98%
15 yr fixed: 5.55%
1 yr adj: 5.24%
(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 Thursday May 29

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