Mortgage Rates, Real Estate, Week in Review
Top Real Estate Headlines for Week Ending: August 27th
August 27, 2010 by Cathy Mattan · Leave a Comment
As we all look forward to the weekend, let’s pause for a moment to review what the top real estate and mortgage headlines were this week according to the National Association of Realtors.
- July Existing-Home Sales Fall, But Prices Rise
Home prices rose in July, though existing-home sales continued their slide following the expiration of the home buyer tax credit. - Is the Housing Slowdown a Sign of a Double-Dip?
As unemployment and mounting foreclosures continue to bind the housing market, analysts fear a slide back into recession. - Foreclosures Down, But Late Payments Up
The inventory of houses in the process of foreclosure are down for the first time since 2006, but the number of loans that are one payment late went back up. - Commercial Conditions Favor Business Growth
Rent discounts and other favorable conditions in commercial real estate markets make it a good time for expansion moves by business, an NAR report suggests. - 4 Business Tips for Social Networking Success
Are you using social networks to garner more business leads? Read tips on how to expand your reach. - Mortgage Rates Continue to Fall
Average interest on long-term mortgages hit a record low for the eighth time in nine weeks, and could go even lower. - 7 Must-Have Apps for Your Smartphone
Get ideas on some of the latest apps that can be used in your real estate business, from faxing on-the-go to creating property “reminder” tours. - Protest Rising Over Resale Charges
Some builders are now including in contracts a clause that requires buyers to pay them a 1 percent transfer fee every time the house is sold over the next 99 years. - New York Housing Bucking Trends
Inventory has dropped in half from a year ago and well-priced apartments are selling in a week. - Fannie Mae to Prohibit ‘Appraisal Cutting’
The secondary mortgage market company doesn’t want lenders to cut valuations anymore on appraisals in dispute. - Military Growth Drives Fastest Rise in Income
Jacksonville, N.C. tops the list of USA Today’s metro areas with the largest per-capita income gains from 2000 to 2009. See what other cities made the list.
These were the top real estate and mortgage headlines for the week ending August 27, 2010.
Want to know how these national headlines could impact you right here in Northwest Indiana? Subscribe to this blog, Today’s Real Estate Reality, and let our resident local market real estate experts guide you to an informed and successful real estate transaction.
About the Author: Cathy Mattan is a licensed Realtor with McColly Real Estate. Although her real estate knowledge is vast and all encompassing of Northwest Indiana, her niche market is Crown Point, IN. You can feel confident working with Cathy as she has intimate knowledge of the local neighborhoods and real estate trends in Crown Point, IN. She also has a great team of local professionals to help you with every aspect of the real estate transaction. Cathy's commitment is to provide you the highest quality of real estate service and communication you deserve. Learn more about Cathy and visit www.MyCrownPointHomes.com. 