Wednesday, May 4, 2011

6 real estate headlines: 04-May

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

To rent or to buy?
Washington Post
: There is a chance that federal policy could back away from the pro-ownership stance that has been in effect for decades.
3 reasons every homeowners needs title insurance
: The robo-signing scandal and the explosion of mortgage fraud make it clear that--given the reliance on computer data--title insurance is more necessary than ever.
Appraisals still a problem
Economist's Outlook (NAR)
: Appraisal issues continue to be a problem according to the latest Realtors® Confidence Index Survey. Respondents reported delays, lower sales prices, or cancellations in 35 percent of recent transactions.
2000-2010: Not a 'lost decade' for real estate
Speaking of Real Estate (NAR)
: Housing values in every state went up to some extent (except in Michigan, which, let's face it, has economic problems that extend well beyond residential real estate between the years 2000-2010).
Size of Eastern Market project stalls approval
Washington Examiner: The chief complaint has been that the Pennsylvania Avenue building is about 20 feet too tall compared with neighboring structures.
Take a bite out of closing costs
CNN Money
: Closing costs are certainly a consideration for both new loans and refinancing. But it's important to not lose sight of what should be your first priority � getting the lowest rate possible.

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