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REAL ESTATE NEWS THIS WEEK

Over the past week we have read many articles on the state of the economy, market conditions and how to navigate your way through these rare times to become the homeowner of your dream property.  Below we have selected a couple articles that will help you understand some of the environment you will encounter and a few important items to keep in mind.  When you want assistance from professionals who experience this every day, call COLDWELL BANKER Upton-Massamont REALTORS®.  We look forward to helping you fulfill your dream of homeownership.

HOUSING MARKET A KEY TO ECONOMIC RECOVERY
 ". . . now is not the time to reduce the limit on government-backed mortgages, which is a decision set to take place at the end of this month.  A recovery in housing is the key to broader economic recovery", states the National Association of REALTORS on the Economists' Outlook this week. READ MORE . . .

MARKETS REMAINED CONSTANT

The NAR article on Market Trends states, "Despite the negative economic news and major drop in consumer confidence in August, market indicators for the residential real estate markets remained approximately constant. This shows some potential underlying strength in the residential markets--suggesting that we are near the bottom if we can get some economic expansion". READ MORE . . . </<?xml:namespace>

4 Pitfalls First-Time Real Estate Investors Can Avoid

"Typically when you look at properties that are for sale in a marketplace, the ones that are priced appropriately for the market move even in a down market," states the article by USNEWS & World Report. READ MORE . . .

Avoid Home Equity Loan and Refinancing Scams - Houselogic

"A telling sign of equity stripping is a lender that offers more loan than you can afford or that encourages you to pad your income on a loan application. Read more. . .

Your Home Owners Policy Has to Keep Pace With Upgrades-HOUSELOGIC

". . . talk to your insurance company to see what effect it could have on your home owners policy and premiums." READ MORE . . .

 

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