Real Estate News Network July 10, 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



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->

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->

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->

Peter L. Mosca shares an excerpt of an interview with several bloggers from Real Estate Investment Club.com: Scott Carson, a full time real estate investor and real estate investment coach, Halle Eavelyn, a specialist in private banking and investing for real estate, loan modifications, short sales, rehabbing homes, pre-construction real estate, and lease options; and Jack Sternberg, 30 years plus of experience and a track record of thousands of successful real estate transactions. FULL STORY->

Like all loan modification attempts, it seems like the banks just don't know how to get out of their own way as honest homeowners attempt to keep their homes. FULL STORY->

Job-loss mortgage insurance is available from a host of sources and policies vary in coverage, cost, benefits and requirements, so you'd better shop around. Here's what you'll have to consider. FULL STORY->


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Diane
Featured Writer:
Diane Kennedy

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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