Real Estate News

Today's Real Estate News and Advice

Updated: March 24, 2003

 Court Refuses to Throw Out National Consumer Class Action Suit Against Freddie Mac
A federal district court has ordered giant investor Freddie Mac to open up key credit details of its proprietary Loan Prospector electronic underwriting system to plaintiffs charging the corporation with multiple violations of the federal Fair Credit Reporting Act. The case potentially affects hundreds of thousands of home mortgage borrowers. FULL STORY->

Upkeep Costs Deductible For Home-Based Business Owners
If you operate a business out of your home, you could have some substantial deductions coming your way. This article is not about the broad home office deduction topic. Instead, it will direct your attention to IRS Publication 587. M. Anthony Carr reports. FULL STORY->

War Effort Pushes Mortgage Rates Upward
In Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 5.79 percent, with an average 0.6 point, for the week ending March 21, 2003, climbing from 5.61 percent last week. Last year at this time, the 30-year FRM averaged 7.14 percent. FULL STORY->

Grifters Capitalizing On Strong Realty Market
Real estate scams sound good in a real estate market that's on top of the economic heap and making honest money for home owners and investors. Broderick Perkins reports. FULL STORY->

Fort Bend County Offers Country Living Close To Houston Amenities
Fort Bend County was the second fastest growing county in the country for many years, says a local Realtor, and new master planned communities are keeping the area popular with folks who want fresh country air to go with their Houston, Texas jobs. FULL STORY->

Remember Your Civic Responsibility
Every few years politicians proclaim that we need to limit our reliance on foriegn oil. As Stuart Lieberman explains, no one seems to be all that serious about this stated goal. FULL STORY->

Remodel? Refinance? Why not do both?
Do I want to refinance now or wait until I finish with my home improvements? Or do I go ahead and get a construction loan, complete my addition, then refinance both my mortgages when the addition is complete? Do I need the value of my new addition to increase my appraised value? These are questions many in America area asking, improve now or refinance now? Why not do both? FULL STORY->

Prepayment Penalties Stick Like Glue
A prepayment penalty could keep you from refinancing to record low mortgage rates, but it doesn't hurt to ask for a waiver -- something you should have done when you first signed the loan. Broderick Perkins explains. FULL STORY->

Massachusetts Communities Rising In Price, Value, Says Local Realtor
Low mortgage rates, strong demand from immigrants, empty-nesters, and consumers, seeking an investment alternative to Wall Street, pushed sales of single family homes to their third highest level in state history last year, says Realtor Natasha Carter, of the Pepperell, Townsend and Dunstable communities. FULL STORY->

Some Steps to Successful Remodeling
Everybody’s doing it -- remodeling, that is -- so you might as well try to do it in a way that keeps the angst at a low level. Al Heavens has the details. FULL STORY->

Southern Nevada Community Offers Ideal Lifestyle, Say Local Realtors
Green Valley, a planned development in Henderson, Nevada is almost out of land and prices are rising, say local Realtors. FULL STORY->

Latino Market Spreading Out
The Hispanic population is not just growing by leaps and bounds, it's also spreading out. Not just to other cities, but they're going to the hinterlands as well. Indeed, Latinos are not just city dwellers anymore. They're now suburbanites, too. Lew Sichelman has the details. FULL STORY->

Chill Out With The Kitchen iCEBOX
The same company that designed a line of grills for a former heavyweight boxing champion who now only wants to "knock out the fat," has a new award-winning product designed to help you chill out in the kitchen. FULL STORY->

Homeowner Association Minutes Manager
At the end of each meeting, there will have been a series of topics that made up the meeting. The minutes should recap these discussions in sequential order using the Goldilocks Method: Not too much, not too little, just right. FULL STORY->

"Canine Redlining" And Other Woes Impacting Homeowners Insurance
Costs for homeowners insurance are rising nationwide -- but you can get good coverage and not overspend. Peter G. Miller explains how. FULL STORY->

Don't Let Your Dryer Take You For a Tumble: Tips for a Safe, Efficient Dryer
When it comes to maintaining appliances, the clothes dryer is often taken for granted or overlooked. But it shouldn't be -- failing to maintain the dryer leads to thousands of fires each year. Michele Dawson explains. FULL STORY->

Canadians Face Many Choices in Retirement
Although Canadians make plans for retirement, some may find they misjudged their needs or interests. PJ Wade tells us of two neighbours who took different paths in retirement. FULL STORY->

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