Park Ridge, IL - Today's Real Estate News

Today's Real Estate News and Advice

Updated: November 23, 2009

Washington Report: Congress Pressures FHA
Congressional pressure on FHA continued to mount last week, with the ranking Republican on the House Financial Services Committee demanding hearings on the stability of the housing agency. FULL STORY->

The Cost of the Home Buyer Tax Credit
At $8,000 for each first-time homebuyer and now $6,500 for move-up buyers -- how much is that going to cost the American taxpayers? FULL STORY->

It's Not What Happens, But How You React That Counts
A Champion realizes it's not what happens but how they react to it that counts. FULL STORY->

15-Year FRM Drops to Lowest Ever Recorded in Freddie Mac Survey Hi
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.83 percent with an average 0.7 point for the week ending November 19, 2009, down from last week when it averaged 4.91 percent. Last year at this time, the 30-year FRM averaged 6.04 percent. FULL STORY->

Investor Report: HUD's Condo Rules
HUD just changed its condominium rules again, and there's both good news and sobering news for investors and developers tucked away in the revisions. FULL STORY->

Green-building Growing, More Jobs, More Buyer Interest
According to a new study from the U.S. Green Building Council (USGBC) and Booz Allen Hamilton, construction in the green-building industry will support 7.9 million jobs over the next four years while pumping into the American economy $554 billion. Currently, 2 million American jobs are supported by the same industry and more than $100 billion in gross domestic product and wages is generated. FULL STORY->

It's Not What Happens, But How You React That Counts
A Champion realizes it's not what happens but how they react to it that counts. FULL STORY->

Green-building Growing, More Jobs, More Buyer Interest
According to a new study from the U.S. Green Building Council (USGBC) and Booz Allen Hamilton, construction in the green-building industry will support 7.9 million jobs over the next four years while pumping into the American economy $554 billion. Currently, 2 million American jobs are supported by the same industry and more than $100 billion in gross domestic product and wages is generated. FULL STORY->

Investor Report: HUD's Condo Rules
HUD just changed its condominium rules again, and there's both good news and sobering news for investors and developers tucked away in the revisions. FULL STORY->

15-Year FRM Drops to Lowest Ever Recorded in Freddie Mac Survey Hi
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.83 percent with an average 0.7 point for the week ending November 19, 2009, down from last week when it averaged 4.91 percent. Last year at this time, the 30-year FRM averaged 6.04 percent. FULL STORY->

Overcoming Five Common Investing Mistakes Made by Property Owners & Managers
Peter L. Mosca shares an excerpt of a radio show interview with Robert Cain, who since 1987 has been publishing information, giving speeches and conducting seminars and workshops for landlords and investors on how to buy, rent and manage property more effectively. FULL STORY->

Low Interest Rates Spur Refinancing, Buying Interest
With mortgage interest rates below 5 percent, on a $300,000 mortgage, the principle and interest payment would be about $1,594, compared to $1,825 a year ago. FULL STORY->

Is a Sphere of Influence Business Model Effective in a Second Home/Resort Market?
Can you rely on your Sphere of Influence (SOI: the people you know) to keep you in business? Yes, with a few tweaks. FULL STORY->

ABC Forecasts 2010 Construction Activity Will See Winners and Losers
The recession, thought to have begun in December 2007 and in many ways the deepest since World War II that impacted every state and every metropolitan area, is over noted the Associated Builders and Contractors (ABC) in its 2010 economic forecast for the commercial and industrial construction industry. While good news, it may not be a time to rejoice, yet. "While the industry battled the effects of the recession in 2009, expect 2010 to be a transitional but sluggish year on the road to recovery," said ABC Chief Economist Anirban Basu. FULL STORY->

Building Ordinance or Law Insurance
Insurance policies are written based on the concept of "indemnity" which means "protection or security against damage or loss." Fire insurance policies are not designed to put a policyholder in a better position than he was prior to a loss. Otherwise, having insurance might create an incentive to have a loss. FULL STORY->

Rookie Agents Ask: "Should I Focus on Buyers or Sellers?""
As a new agent, you may be better off working with buyers. Columnist Jennifer Allan shares why. FULL STORY->

More Real Estate News and Advice...

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