Real Estate News Network July 13, 2009

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Today's Market Conditions Report
A comprehensive analysis of the market, with over 10,000 reports from Realtors across North America.

Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the National Association of Realtors. FULL STORY->

Today's Headlines



The Obama administration's latest expansion of its "home affordable" refinance program, outlined just before the July 4 holiday, could be huge news for tens of thousands of owners whose houses are seriously "underwater." FULL STORY->

Be prepared to write a deposit check when making a contract offer to purchase real estate. Commonly referred to as a Binder, more commonly known as the initial deposit, this is the check made out to the Selling Real Estate Office when submitting a contract offer. In simple terms, it is a good faith deposit to express interest in purchasing real estate. FULL STORY->

In the early days of the Internet (at least in its use by the public) a clear phone line was the key to access, hopefully with a 56k modem to guarantee fastest results. Today's choices for condo dwellers include development-wide wireless and it's a growing industry. FULL STORY->

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 5.20 percent with an average 0.7 point for the week ending July 9, 2009, down from last week when it averaged 5.32 percent. FULL STORY->

For real estate investors buying houses at discount prices, it could be a hot new trend. Instead of simply doing the usual renovations, paint jobs and landscaping to turn around properties for resale or rental, growing numbers of investors are emphasizing energy efficiency improvements to increase market values and cut marketing times. FULL STORY->

Forbes.com has published its report on America’s Best and Worst Cities for Families. These are metros where people have enough money for everyday living and places where families’ daily budgets take a chunk out of their incomes. FULL STORY->

How do you determine whether a prospect should become a client? What are the criteria of becoming a client? Have you created a series of questions to help you minimize the time invested, to determine if a prospect will meet your standard? FULL STORY->


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Peter
Featured Writer:
Peter Miller

Mortgage Rates
30 Year Fixed: 5.32%
15 Year Fixed: 4.69%
1 Year Adj: 4.82%
(U.S. Weekly Averages)

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