Washington Report: Uniform Disclosures Mandated It took six years and major controversies with Capitol Hill, but last Thursday HUD published final regulations mandating uniform disclosures for all new home mortgages -- plus tougher rules requiring "good faith estimates" from lenders that accurately reflect the line items on consumers' settlement sheets at the end of a home purchase or refinancing. FULL STORY->
Hot Market: Dallas/Ft. Worth: Where Everything's Big Dallas/Ft. Worth, Texas Realtors are so up on their market that they even created a web site about it: www.DFWHousingFacts.org. The web site touts all the reasons the 4th largest metropolitan area in the U.S. is a great place to buy in today’s economic environment. FULL STORY->
Investor Report: REO Scam Warning The nationwide boom in foreclosures and bank-owned real estate (REO) property sales to investors is producing an unpleasant and sometimes dangerous side effect: Growing numbers of confrontations occur when investors visiting supposedly empty properties find them occupied -- and the inhabitants don't want to leave or let anybody FULL STORY->
Mortgage Rates Down for Second Week Running Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.14 percent with an average 0.7 point for the week ending November 13, 2008, down from last week when it averaged 6.20 percent. Last year at this time, the 30-year FRM averaged 6.24 percent. FULL STORY->
Hot Market: Fort Myers Market Searing Prices are down 39 percent in Fort Myers, Florida fueling an amazing surge in sales of more than 125 percent in September. Following years of investor-driven profit, prices have been correcting at an alarming rate, at least to those who had funny-money loans. FULL STORY->
Mortgage Rates Down for Second Week Running Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.14 percent with an average 0.7 point for the week ending November 13, 2008, down from last week when it averaged 6.20 percent. Last year at this time, the 30-year FRM averaged 6.24 percent. FULL STORY->
Hot Market: Fort Myers Market Searing Prices are down 39 percent in Fort Myers, Florida fueling an amazing surge in sales of more than 125 percent in September. Following years of investor-driven profit, prices have been correcting at an alarming rate, at least to those who had funny-money loans. FULL STORY->
Market Conditions The latest report from Zillow indicates that one-third of Americans who sold their home in the past year lost money. FULL STORY->
Investor Report: REO Scam Warning The nationwide boom in foreclosures and bank-owned real estate (REO) property sales to investors is producing an unpleasant and sometimes dangerous side effect: Growing numbers of confrontations occur when investors visiting supposedly empty properties find them occupied -- and the inhabitants don't want to leave or let anybody FULL STORY->
Know Your Competition With today's market being more competitive than ever, our skills need to be at their highest levels. There is more competition to secure listings than ever before. There are more Agents competing for the same listings than ever before. Many of those Agents are willing to discount their fees to stay alive. FULL STORY->
Home Equity To The Rescue? Before the bank can take it back, drain your equity account and sock it away where you can get at it should hard times hit. What? That's "pretzel logic" critics say. FULL STORY->
Market Conditions Charleston, South Carolina, has seen sour numbers in the last quarter, with local expert Michele Reneau noting the drop in sales from last year of 36 percent. FULL STORY->
Don't forget to visit <www.SeattlesHomeSearch.com> to search for homes and condos in the cities of Seattle, Bellevue, Mercer Island, Kirkland, Redmond, Issaquah, Sammamish Snoqualmie and North Bend, then call us for a showing appointment, its that easy! 425-442-4942
