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Big Test Ahead for Mortgage Market
The cessation of the government program to buy mortgage-backed securities, set to end in a couple of months, will show whether the White House and Federal Reserve have effectively stimulated the lending market to the point that it is now on solid footing. If the sector slumps again, home owners could face a new period of distress. Keeping mortgage rates at record lows was a major component of the economic... [Read more]
Housing Economists: Sales Are on the Rise
The housing recovery should gain moment in 2010, but the improvement will still be slow, according to a panel of economists speaking at the International Builders Show in Las Vegas. “It won’t be a strong recovery, but it will be a recovery,” said David Crowe, chief economist for the National Association of Home Builders. Crowe forecast that sales of new homes will rise by about 33... [Read more]
Tax Credit Encourages Buyers to Shop Early
The homebuying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit. Typically, the busiest time for home shopping starts in March and continues through May, but this year buyers who want to take advantage of the tax credits have to have a signed contract by April 30 and close the deal by June 30. That is getting people off the couch. “The tax... [Read more]
Banks Teeter as Commercial RE Struggles
Commercial real estate prices rose 1 percent in November. That’s the first increase in more than a year, according to Moody’s/ReAL Commercial Property Price Indices. But it’s too soon to say the sector is stabilizing. Moody’s analyst Connie Petruzziello predicts that occupancy and rental rates will fall in the first half of 2010, pushing prices downward as well. She expects prices to decline... [Read more]
Older Buyers Look for Easy-Care Homes
A survey showed three key differences between the concerns of 55- to 64-year-old homeowners compared to those of homeowners 65 and older: • Younger homeowners were more interested in technology • Older homeowners had a strong preference for a single-story floor plan or at least one with a first-floor master • Younger homeowners were more eager for home maintenance and repair... [Read more]
Timeshare Industry Hit Hard by Recession
The recession has been particularly tough on the timeshare business. Sales are down; defaults are up. Resort development has come to a standstill, and thousands of salespeople have been laid off. Scams targeting owners desperate to get out from under payments are resulting in consumer complaints and actions from state attorneys general all over the country. Sales dropped 48 percent in 2008 and 40 percent... [Read more]
Some Lenders Skirt GFE Requirements
Some lenders are avoiding the requirement that they lock in the good faith estimate by providing something loan officers are calling “worksheets” or “loan scenario forms” that don’t have to meet a government accuracy standard. The worksheets contain some of the information provided by a good faith estimate. They are typically provided to shoppers who don’t provide – and often... [Read more]
208 Ridley Howard House – 2 Bed/ 2 Bath Condo – $172,000
Large 2 Bed/ 2 Bath Condo in the City of Decatur. Spacious Living Room features: Gas Fireplace w/ beautiful Mantle for your artwork, Views to your own Wooded Outdoor Retreat and a Covered Balcony for morning coffee or tea. Guests can sit at the Breakfast Bar while you whip up meals in the Galley-Style Kitchen. The Dining Area with Upgraded Lighting can easily accommodate a seating of 10. The large... [Read more]
Declining Inventory Sign of Stabilizing Market
An important reason that the housing market is stabilizing is the reduction in inventory. Current sales and inventories suggest that supply will decline below the pre-2006 levels by the end of 2009. But analysts say that the stabilization of the market doesn’t mean that prices will rise anytime soon. They point to what they call “shadow inventory,” foreclosed homes that banks are holding off... [Read more]
First-Time Home Buyer Show Sets Records
HGTV says its “First-Time Home Buyers’ Hour,” which airs Monday through Friday from 8 p.m. to 9 p.m. is breaking ratings records. The show posted a 33 percent ratings increase in the key 18- to 49-year-old segment during October. The network attributed the rush of ratings to the first-time home buyer’s credit, which has brought younger viewers to the network. “In this evolving housing... [Read more]

Elliott Robinson
Elliott Robinson, Esq. combines sound marketing principles and his legal acumen when helping clients purchase and sell real estate.