Real Estate News Network May 16, 2008

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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.

Market expert Suzie Provo says the San Francisco Bay Area market remains very strong, and prices have remained stable with homes selling usually within 14 to 30 days. FULL STORY->

Today's Headlines

What's the single biggest headache for anyone trying to pull together a short sale right now? Columnist Ken Harney tells us. FULL STORY->

All across the country, pending sales -- the number of contracts written in any given 30 day period -- are on the rise in cities and regions where prices have hit what we call the "psychological pricing barrier." FULL STORY->

As economic stimulus checks arrive, relieved households spend them on gas, food and bills. But the problem with the economy goes much deeper than that, beginning with white flight and suburban sprawl. FULL STORY->

Our market experts in the Northeast region are reporting this week that their markets are seeing some real gains in this difficult housing climate. FULL STORY->

With sites like Zillow and YouTube gaining in popularity, real estate agents are finding it harder to wow consumers with their listing presentations. Realty Times has just solved that problem. FULL STORY->

Here are some great tips on how to clean all that "stuff" you've stored away -- making for a clutter free life and an easier move. FULL STORY->

You've seen the many stores that offer price protection policies. When the price drops on an item you've purchased, they'll refund you the difference. But here's the gotcha -- it's up to you to catch the price change. Here's a tip to change that. FULL STORY->

How much do I have to pay at closing? When is a "side agreement" okay? Is there an official way to communicate with my landlord? Peter G. Miller looks at the week's most interesting questions for Realty Times. FULL STORY->

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.01 percent with an average 0.6 point for the week ending May 15, 2008, down from last week when it averaged 6.05 percent. Last year at this time, the 30-year FRM averaged 6.15 percent. FULL STORY->

Today's Interest Rates from Realty Times are based on a 30 year amortization rate, with good credit and no origination fees. Mortgage bonds have been on a rally as of late, driving interest rates lower. FULL STORY->

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Featured Columnist:
M. Anthony Carr

Mortgage Rates
30 Year Fixed: 6.01%
15 Year Fixed: 5.60%
1 Year Adj: 5.18%
(U.S. Weekly Averages)

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