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Today's Real Estate News and Advice
Updated: July 7, 2008
Wild, Wild West: SF Shouts 'Solar!' From Rooftops
Add San Francisco's new solar panel rebate to existing incentives and the cost for a typical $30,000 photovoltaic system is slashed nearly in half. A $0.00 electric bill also boosts affordability. FULL STORY->
Many Metros to See No Job Growth as Mortgage Crisis Worsens
Builders, plan accordingly. A new economic report during the U.S. Conference of Mayors Annual Meeting in Miami reveals that U.S. economic growth for 2008 has weakened considerably, while unemployment and consumer prices have risen sharply. According to the report, a sustained recovery is not expected until mid-2009 at the earliest. FULL STORY->
Defining Your Service Standards
By delivering excellent service on a consistent and ongoing basis, your current client relationships will spawn repeat business and referrals that draw new clients into your business. FULL STORY->
Washington Report: Nationwide Registration?
With the Senate poised to pass major housing legislation this week -- even as early as tomorrow -- critics are taking a harder look at some of the bill's lesser-known provisions. Though its details have gotten almost no media coverage, the legislation would create a vast new nationwide system of licensing and registration. FULL STORY->
Realty Viewpoint: Discount Broker Leaves Sellers Stranded
Rumors were flying last week that Iggy's House, a discount broker is out of business. If they're not, they sure are acting like it. Iggy's House was an IPO-bound company founded by former Wall Street hotshots who based their business model on cutting real estate commissions to zero to put sellers homes into multiple listing services. Which just goes to show -- you get what you pay for. FULL STORY->
Real Estate Outlook: Resales Up, Rate Dip
Definite signs of improvement continue to pop up in real estate around the country. Condo sales also jumped five and a half percent nationwide. Sales of existing homes were up even in some of the hardest hit local markets. FULL STORY->
A Neighbor's Howling Dog
tba FULL STORY->
What if the Same Company Represents Buyers?
Usually, when there is talk of dual agency in real estate one has in mind a situation where both buyer and seller are represented by the same agent. The problem, presumably, is that it is difficult, if not impossible, for the same agent to represent parties that have competing interests. Can the same agent represent different buyers in such situations? FULL STORY->
Mind Your Star Spangled Manners
Even Americans who regularly pledge allegiance by flying the flag at home aren't always practicing correct flag etiquette. Here's how to mind your star spangled manners. FULL STORY->
Gas Prices Too High To "Waste" My Time with Buyers?
Are gas prices really too expensive for real estate agents? Columnist Jennifer Allan doesn't think so. FULL STORY->
Market Conditions
New homes sales are moving at a snail's pace -- in the middle of home buying season. Is there relief on the way? FULL STORY->
Why Shun Investors?
Foreclosures and short-sales are a growing part of our real estate inventory, so why don't we encourage more people to buy them? Columnist Peter G. Miller explains. FULL STORY->
Condo Trends: Conversion Bailouts Latest Loan Fraud Scheme
Want to invest in a new condo with a guaranteed cash flow? Sound too good to be true -- it may be and it could be you're looking at the latest loan fraud scheme on the market. 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 today to report, mortgage rates remain the same. FULL STORY->
Realty Viewpoint: Bears Maul Stocks, Focus Off Of Housing
It's official. Wall Street has declared a bear market. Maybe that will move the mass hysteria away from housing. FULL STORY->
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