Rob Thomas, ABR, GRI,e-PRO
Rob Thomas, ABR, GRI,e-PRO
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Heritage Homes at Sixth Street, Inc
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Real Estate News

Today's Real Estate News and Advice

Updated: February 8, 2010

 Washington Report: New Budget
Real estate took some whacks in the new 3.8 trillion dollar Obama budget presented to Congress last week, but there were some helpful proposals for housing as well. FULL STORY->

Agents: Avoid Becoming Emotionally Involved in a Deal
One of the least talked about topics in real estate is about agents that become emotionally involved in the deal. FULL STORY->

Housing Affected by Demographic Trends
The Urban Land Institute predicts there will be two major changes beginning in this new decade in our country that will affect the housing market. FULL STORY->

Developing Referral Relationships
Once you’ve received a referral, gathered information, and ranked the lead, it’s time to pick up the phone. The following advice and scripts will help you at each step of the lead-conversion process. FULL STORY->

Long-Term Mortgage Rates Remain Stable and Low
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS)in which the 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.7 point for the week ending February 4, 2010, up from last week when it averaged 4.98 percent. Last year at this time, the 30-year FRM averaged 5.25 percent. FULL STORY->

Investor Report: Financing Opportunities
You've probably heard that the Obama administration's budget sent to Congress last week emphasizes helping small businesses around the country. But you may not know that it also includes lots more potential financing opportunities for purchasers, owners and rehabbers of commercial real estate. FULL STORY->

Long-Term Mortgage Rates Remain Stable and Low
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS)in which the 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.7 point for the week ending February 4, 2010, up from last week when it averaged 4.98 percent. Last year at this time, the 30-year FRM averaged 5.25 percent. FULL STORY->

Investor Report: Financing Opportunities
You've probably heard that the Obama administration's budget sent to Congress last week emphasizes helping small businesses around the country. But you may not know that it also includes lots more potential financing opportunities for purchasers, owners and rehabbers of commercial real estate. FULL STORY->

Housing Affected by Demographic Trends
The Urban Land Institute predicts there will be two major changes beginning in this new decade in our country that will affect the housing market. FULL STORY->

Developing Referral Relationships
Once you’ve received a referral, gathered information, and ranked the lead, it’s time to pick up the phone. The following advice and scripts will help you at each step of the lead-conversion process. FULL STORY->

FHA's Tighter Guidelines
The FHA announced tighter guidelines (January 20). Insurance premiums increased from 1.75 to 2.25 percent. Seller concessions are limited to 3 percent, down from 6 percent and new borrowers with a FICO score below 580 will need a 10 percent down payment instead of the 3.5 percent now required. GASP! We have a choice. We can choose to support what they are trying to do, or we can complain loudly and keep the buying public confused. FULL STORY->

Richard Juge, CCIM, 2010 President Details Institute's Impact on Real Estate, Industry and Economy
Peter L. Mosca shares an excerpt of his radio show interview conducted with Richard Juge, CCIM, 2010 President of the Institute, and President of RE/MAX Commercial Brokers, Inc. in Metairie, Louisiana and broker/owner of a RE/MAX office in Mandeville, Louisiana. FULL STORY->

Feds Giving Mortgage Modifications Additional Boost
It's not easy turning a potential foreclosure into a successful affordable mortgage modification -- from either side of the table. FULL STORY->

Is Laser-Focused Prospecting Really Necessary?
Most real estate sales training is focused on: Focusing. Or perhaps more aptly: Laser-focused prospecting. FULL STORY->

Ask the HOA Expert
HOA expert, Richard Thompson, shares some of this week's most interesting questions. FULL STORY->

Builders, Ever Hear of the Merkley Amendment?
On Christmas Eve, December 24, 2009, the Senate by a 60 to 39 vote approved the Patient Protection And Affordable Coverage Act (H.R. 3590). A large bill, as most have undoubtedly heard, was made a bit larger as language requiring small construction firms with more than five workers provide health care coverage or face stiff fines was, according to the National Association of Home Builders, "slipped into the Senate health care legislation at the last minute." FULL STORY->

More Real Estate News and Advice...