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OCTOBER 2008
Priced to Sell - Sellers List at the Right Price
According to the National Association of REALTORS®, there was an 11.1 month supply of homes in June, a subtle clue to all real estate professionals that pricing properties correctly is critical in turning the housing market around.
http://rismedia.com/wp/2008-10-13/priced-to-sell-how-to-educate-agents-and-sellers-to-list-at-the-right-price/
HouseHunt Survey Says It’s a ‘Great Time To Buy’ ... NAR - Pending Home Sales up Strongly
Make Sure Your Clients Are Aware of the ‘10 Must-Know Real Estate Trends’
Now, more than ever, prospective home buyers and sellers should be aware of what’s happening with the housing market-and where it’s headed-in order to make smart decisions. In addition to understanding what fueled the collapse of investment bank Lehman Brothers and the government’s bailout of mortgage giants Fannie Mae and Freddie Mac, get familiar with these top 10 trends in real estate, according to HGTV’s new award-winning real estate site, FrontDoor.com.
http://rismedia.com/wp/2008-09-30/for-your-clients-10-must-know-real-estate-trends/RISMEDIA, Oct. 31, 2008—(MCT)—The Federal Reserve Bank lowered a key interest rate by a half a percentage point Wednesday in the latest attempt Continued >
NAR Continues to Push 'Four-Point Plan'
Can the federal government afford to pass yet another stimulus measure, this one aimed directly at getting the housing market moving? The National Association of REALTORS® leaders say the government can’t afford not to and is currently making an all-out push to get its “Four-Point Plan” through Congress.
http://www.realtor.org/RMODaily.nsf/pages/News2008102902?OpenDocument
U.S. Weighing New Mortgage Plan
The government is expected to announce soon that it will devote up to $50 billion to directly address the source of the financial crisis: bad mortgages and millions of homeowners at risk of foreclosure. The plan is expected to help up to 3 million homeowners. http://money.cnn.com/2008/10/30/news/economy/latest_govt_mortgage_plan/index.htm?postversion=2008103018
Breaking News: Good News for Real Estate? Largest Monthly Home Sale Percentage Increase in 5 Years Reported
FED LOWERS KEY RATE TO 1%
Housing Rescue Package
NAR unveiled a four-point legislative plan to reinvigorate the housing market, and is calling on Congress to act. Among other things, the plan would get rid of the pay-it-back requirement for the current $7,500 first-time homebuyer tax credit, and it would expand that tax credit to all buyers of primary homes.
http://www.floridarealtors.org/NewsAndEvents/n1-101608.cfm
The Bank Rescue’s First Steps
A top U.S. Treasury official recently outlined the government's multi-faceted effort to bail out the United States financial system and assured the country that the Treasury Department is moving forward on five fronts, including the purchasing of troubled mortgage-backed securities and helping delinquent borrowers stay in their homes.
http://money.cnn.com/2008/10/13/news/economy/kashkari/index.htm?postversion=2008101308
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