Friday, July 10, 2009

Daily Real Estate News

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July 10, 2009

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Downpayment, Closing Costs Biggest Obstacles
Saving for a downpayment and closing costs is still a big challenge for 82 percent of house hunters looking to take advantage of the current market, according to the 2009 National Housing Pulse Survey.
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Top 10 Cities With Most Price Reductions
Nearly a quarter of all current homes on the market in the United States have had at least one price cut, according to Trulia.com. Find out where the price cuts are the largest.
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How to Capture Home Photos That Sell
Listings with great photos tend to get a lot of buyer attention. Here are some tips on how to capture that perfect picture of your listing.
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Mortgage Rates Drop This Week
Rates for 30-year fixed mortgages, 15-year fixed loans, and five-year and one-year ARMS fell for the week, according to Freddie Mac.
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Study: Consumers Were Too Optimistic
Lax lending standards can't be blamed for the housing bubble. It was too much consumer confidence, according to a new study.
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NAR: Strong Commercial Market Vital to Economy
NAR cautioned in testimony on Capitol Hill this week that the ramifications of a widespread collapse in the commercial real estate markets would exacerbate the economic crisis.
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Struggling Retailers Ask for Rent Cuts
Many popular retailers that are facing drastic declines in business are looking for opportunities to cut rents or pull out of contracts altogether.
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Tell Your Clients: Don't Wait on the Tax Credit
Is That Buyer Worth Your Time?
More Mosquito Bites? Blame it on Foreclosures
Share Your Best Low-Cost Prospecting Idea
Got a good prospecting technique that doesn't break your budget? We want to hear about your most effective ideas.
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