Real Estate News

Today’s Real Estate News and Advice

Updated: April 27, 2006

Energy Alternatives One House at a Time
A new book shows how homeowners can find viable alternatives to fossil fuels. FULL STORY->

Affordable Housing In Dallas-Fort Worth Market
Dallas-Fort Worth offers relatively affordable homes to buy and apartments to rent because of market conditions likely to remain for the immediate future. FULL STORY->

Cancer Cluster Debates
The term “cancer cluster” invokes fear and can negatively mark a community. While cancer clusters do exist, not every claimed cluster is proven. FULL STORY->

Guidance Sought For ‘ITIN’ Lending
The 14,000-member National Association of Hispanic Real Estate Professionals is calling upon federal regulators to provide lenders with guidance regarding lending to immigrants who use their income tax id-numbers instead of their social security numbers for identification purposes. Lew Sichelman has the details. FULL STORY->

Hurricane Season Looms, Residents Unprepared — Again
Despite the record level of destruction created by Hurricane Katrina in 2005, and forecasts for a busy hurricane season this year, most of those in harm’s way remain unprepared. FULL STORY->

Ask the HOA Expert
How can expenses be shared fairly? Should an HOA have a newsletter? Are sex offenders really a worry for HOAs? Richard Thompson answers these questions and more in this week’s column. FULL STORY->

Foreclosure Numbers at New Highs: Are Toxic Loans To Blame?
Foreclosure rates have begun to soar — and big numbers are coming in from some surprising locations. Columnist Peter G. Miller asks a leading foreclosure expert about toxic loans and their impact on looming national trends. FULL STORY->

Financial Literacy Is In The House
When future home owners handle money it’s cool to be “tight,” a term youths use — with just the right vocal inflection — to indicate something or someone who has it all together. FULL STORY->

May 1st and Canadian Income Tax Deadlines
Canadians sending in payment for 2005 income tax have a day’s grace in 2006. PJ Wade clarifies tax filing details and introduces My Account for personal online monitoring of RRSPs, Home Buyers’ Plan and other government programs. FULL STORY->

Ask George & Chuck: Questions from Consumers
How does a seller terminate an “exclusive right to sell agreement”? Can a broker in California work in Texas? George and Chuck answer these questions and more in this week’s column. FULL STORY->

April Roundup
Have a look at our quick review of some of this month’s most interesting topics. FULL STORY->

Housing Costs No Match For Silicon Valley Lures
Some of the nation’s highest home prices and growing mortgage costs adding to that cost aren’t putting off home buyers who are more concerned about crime, traffic and education. FULL STORY->

Failure of Settlement Agents to Provide HUD-1 Closing Numbers in Advance
A new national survey ranks non-availability of final closing figures in advance of settlements Realtors’ top complaint about the current mortgage lending process. Clients sometimes have no clue what their bottom line costs and fees will be until the settlement itself, Realtors charge, and buyers sometimes end up with $1,000 last minute surprises. Ken Harney reports. FULL STORY->

Housing Counsel: Locking in Your Mortgage Loan
With interest rates on the rise, one reader asks, “Will a locked in rate document protect us?” Benny L. Kass answer’s this question in this week’s column. FULL STORY->

April Setting Record Pace
In the first half of April, the Toronto Area resale housing market showed a three per cent increase in transactions compared to the same time period a year ago, Toronto Real Estate President John Meehan announced yesterday. FULL STORY->

Don’t Forget: Security Deposit is the Renter’s Money
Every state has its own laws regulating the care of security deposits from renters. The first rule from every state is to the landlord, reminding him or her that the security deposit is NOT their money. FULL STORY->

Reducing Earthquake Hazards Inside Your Home
During an earthquake, you are more likely to be injured by breaking or falling objects inside your home than you are by your home collapsing, but you can take steps to prevent those injuries. FULL STORY->

Long-Term Mortgage Rates Highest In Nearly Four Years
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.53 percent, with an average 0.6 point, for the week ending April 20, 2006, up from last week’s average of 6.49 percent. Last year at this time, the 30-year FRM averaged 5.80 percent. The 30-year FRM has not been higher since the week ending July 12, 2002, when it averaged 6.54 percent. FULL STORY->

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