Thursday, June 24, 2010

Real estate news update: 6-24

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

7 tips for picking a real estate agent
CNBC:
Heres a list of things you can do to pull back the curtain and accurately assess a real estate agents past performance and potential success with your home.

Existing home sales inventory increases
Calculated Risk: An inventory increase is especially concerning because the reported inventory is already historically very high, and Mays 8.3 months of supply is well above normal.
Housing market threatens U.S. economic recovery
Business Week: The end of the tax credit in April is putting a strain on a market still hurting from the worst collapse since the Great Depression.
Innovation on the title side? Yes there is.
Housing Wire: New RESPA changes have prompted some forward thinking title companies and the technology firms that support them to step up and offer some new tools.
Housing double dip is on the way
Seeking Alpha: As soon as the government stimulus fades from the picture, housing is more likely to decline again and perhaps severely.
Discouraging housing data: Does it really matter?
Seeking Alpha
: But homebuyers still prefer co-ops because they can get between 33% and 35% more square footage for the same money.

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