Friday, November 30, 2007

MORTGAGE RATESMortgage rates fell sharply this week with 30-year mortgages dropping to an average of 6.10 percent – the lowest level in more than two years, according to Freddie Mac’s weekly nationwide survey.Read the full story:

Wednesday, November 28, 2007

ECONOMYEverything will be okay: Rising foreclosures will lead to billions of dollars in lost economic activity next year in major U.S. cities, but homeowners and financial institutions have the ability to contain the effects, according to a report released today.Read the full story:

Monday, November 26, 2007

PROPERTY TAXESContinuing to bash a property-tax plan he reluctantly voted for, House Speaker Marco Rubio is now urging supporters to back a citizens’ petition to cap the total amount of taxes paid by every property owner to 1.35 percent of the property’s value.Read the full story:

Thursday, November 22, 2007

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Monday, November 19, 2007

Allstate Insurance customers are safe from rate increases – at least for now. State officials say proposed increases by four Allstate insurance companies, ranging from just under 30 percent to more than 43 percent, don’t comply with a new state law.Read the full story:

Friday, November 16, 2007

The market may be down but a survey finds that most consumers appreciate the value of using a Realtor when buying or selling a home. A new NAR survey finds that 79 percent of homebuyers and sellers use a real estate professional. The survey also looks at buyers’ incomes, shopping techniques and other information that can be used in marketing campaigns.Read the full story:

Wednesday, November 14, 2007

Now it’s the voters’ turn: Gov. Charlie Crist on Tuesday signed into law a bill that would implement property tax cuts, providing voters approve the proposed constitutional amendment in January.Read the full story:

Tuesday, November 13, 2007

MARKETINGAs newspapers struggle to adapt in a world in which a growing number of people go online for real estate information, a consortium of 11 media companies, representing 282 newspapers, has signed a real estate listing agreement with the full story:

Monday, November 12, 2007

AN I-SIGN OF THE has launched a special URL for users of Apple’s iPhone that allows them to easily access home listings and sales associate contact information. Joe De Tuno, senior vice president of product management for, states, “Our new search capabilities for the iPhone are relevant enhancements that give consumers the full power of mobility and immediate access to in a manner that fits naturally into their everyday lifestyle.” The site is capitalizing on the iPhone’s popularity, with an estimated 45 million of the devices expected to be in use by 2009. Cell phones and PDAs equipped with Windows Mobile 5.0 can also search CNNMoney (11/07/07)© Copyright 2007 INFORMATION, INC. Bethesda, MD (301) 215-4688

Sunday, November 11, 2007

WASHINGTON – Nov. 9, 2007 – Rates on 30-year mortgages fell for the third straight week, dropping to the lowest level in five months.

Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.24 percent this week, down from 6.26 percent last week.It was the third straight weekly decline after rates hit 6.40 percent. Analysts attributed the decreases to mounting evidence that the economy is starting to slow.

Info from FAR.