November, 2007 // Posts published in November, 2007
Bankrate's Weekly Rate Round-Up
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Here’s a look at the status of interest rates on two of the five common consumer banking products and the latest rates from Bankrate.com’s weekly national survey of large banks and thrifts conducted Nov. 21, 2007: HOME EQUITY Rates: 7.62 percent (line of credit); 8.04 percent (loan) Rates on home equity products rose slightly this...
Mortgage Meltdown's Most Wanted
It’s not over, folks. There’s plenty of pain left to come for homeowners and investors already battered and bruised by the subprime-mortgage meltdown. Consider that analyst Mike Mayo of Deutsche Bank predicted Monday that worldwide losses from bad subprime-mortgage loans will reach as much as $400 billion. To date, reported losses are less than a...
2007 Real Estate News Recap
2007 has been a busy, strange and wonderful year. Some of the events may have a long-term impact on the industry while many others will be little more than a footnote in history. To refresh your memory, the folks over at RISMedia came up with a few of the “big” stories (in no particular order)...
Online Ad Spend Up During Downturn
Matt Carter at Inman News says, “spending on online real estate advertising will continue to grow during the housing downturn, surpassing spending on print ads by 2011, according to a forecast by Borrell Associates Inc. The migration of real estate advertising dollars to the Internet won’t happen fast enough, however, to prevent the total real...
Fighting Foreclosure 101: The Dos and Don'ts of Surviving the Struggle
In the beginning of the foreclosure process, homeowners can still save money, their credit or their house if they act quickly. Even when declaring bankruptcy, avoiding a foreclosure on your credit report can salvage your ability to rebuild credit and buy another house, which makes the struggle against a possible foreclosure well worthwhile. The folks...
Black Friday Bargains in the Midst of the Mortgage Meltdown
As the infamous Black Friday approaches, bad economic news and homeowner concerns could bring good buys for holiday shoppers this year according to RISMedia. High gasoline and food prices have retailers so worried you won’t spend generously this holiday season that they’re rolling out some of their deals well before the traditional day-after-Thanksgiving kickoff. And...
Thanksgiving 2007 Edition – Trend Report v 11.3
This Thanksgiving 2007 Edition is our third installment of the weekly Trend Report….. (Just click on the image below to open up the file.) Hope you enjoy it and as always, feel free to post or email us directly with any comments or suggestions. Thanks!
Voluntary restrictions on use of 'MLS' term approved by NAR
The National Association of Realtors board of directors on Friday approved a provision that allows Realtor-affiliated multiple listing services to ban members’ use of the terms “MLS” and “Multiple Listing Service” in Web site addresses, company names, e-mail addresses and in other marketing materials.A small group of MLSs has already passed such measures, and a...
Crazy (but cool) Accommodations: World's Tallest Log Cabin
One-time Russian gangster Nikolai Sutyagin’s home is certainly unusual. The eccentric former convict’s seemingly accidental 15-year project begun in 1992 stands 13 floors, 144 feet high. He claims he was only intending to build a two-story house – larger than those of his neighbours to reflect his position as the city’s richest man. Read the...
Rental Price Reality Check Online
Home buyers typically have relatively easy access to a wealth of information on house prices in an area—even by text message, as with HouseFront, which we featured recently in Property Info On The Go—but for renters, such comparative data can be harder to come by. Now, the folks over at Springwise point us to map-based...
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