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Friday, October 30, 2009

10/30/2009 EarlyBird News

JOHN ROSE
REALTY ASSOCIATES
561-414-0012 PHONE
561-210-7111 FAX  
john@johnjrose.com
www.johnjrose.com

Sent from Boca Raton, FL, United States

---------- Forwarded message ----------
From: Florida Realtors <email@email.floridarealtors.org>
Date: Fri, Oct 30, 2009 at 1:04 PM
Subject: 10/30/2009 EarlyBird News
To: john@johnjrose.com


EarlyBird News

Daily Briefing: Friday, October 30, 2009
A service for members of Florida Realtors®

TODAY'S TOP STORIES

Feds: Chinese drywall reports inconclusive

Inspectors couldn't find a connection between the drywall and health-house problems, but say they'll keep looking. Read more.

Rates on 30-year loans rise to 5.03%

Rates climbed for the third consecutive week after hovering below 5% for almost a month. Read more.

FHA Streamlined 203(k) loans on the rise

The rehab loan applies to foreclosures in need of repair, and can fund minor work as well as cosmetic upgrades. Read more.

Fla. economist: Jobs will return in 2014

UCF's Sean Snaith says the state's recovery will trail the nation's rebound thanks to the glut of housing. Read more.

Newcomers give Fla. banks a run for the money

An influx of new banks cranks up the competition, which should ease credit requirements and increase lending. Read more.

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Buyer beware: Some health coverage bogus

A number of dubious operators over-promise coverage to uninsured people seeking affordable healthcare. Read more.

Florida Realtors® News

Call to Action: $8K tax credit

It's down to the wire - an important vote on extending the tax credit is set for Monday. NAR asks you to contact Congress and voice support for the extension, even if you've already done so. Go to NAR's Call to Action website.

LETTERS TO THE EDITOR

Banks must also work with investors
Do private beachfront homeowners expect too much?
Put a stop to strategic defaults

AROUND FLORIDA

Treasure Coast: Housing starts slowly moving upward
Hernando County: Impact fees burden move-up buyers

HAVE A LOOK AT OUR OTHER SITES

Great Time to Buy: buynow.floridarealtors.org
Media Center: media.floridarealtors.org

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Weekly Real Estate News

JOHN ROSE
REALTY ASSOCIATES
561-414-0012 PHONE
561-210-7111 FAX  
john@johnjrose.com
www.johnjrose.com

---------- Forwarded message ----------
From: REALTOR(R) Magazine Online <NAR@newsletters.realtor.org>
Date: Fri, Oct 30, 2009 at 1:06 PM
Subject: Weekly Real Estate News
To: john@johnjrose.com


If you have trouble reading this e-mail click here.

October 30, 2009

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Homebuyer Credit Gets New Life
The Senate has tentatively agreed to extend and expand the First-Time Homebuyer Tax Credit until mid-2010.
Read more >
House Committee Weighs Scrapping HVCC
The appraisal system implemented last May could be ended as part of legislation for a new Consumer Financial Protection Agency.
Read more >
New-Home Sales Decline
After a steady rise, new-home sales dipped by 3.6 percent in September with the West and South being the hardest hit.
Read more >
Consumers Use Meltdown to Reduce Debt
The Federal Reserve reports that U.S. household debt is decreasing. However, many Americans are still late on payments.
Read more >
House Panel Probing Mortgage Practices
An investigation will examine the role of mortgage lenders and whether they used predatory practices to lure borrowers, leading to the economic crisis.
Read more >
NAR Lauds Extension of Higher Loan Limits
Congress quickly passed a resolution that extends the current Fannie, Freddie, and FHA mortgage loan limits through 2010.
Read more >
Housing Pain May Not Be Over
Concerns arise that the current recovery may be tenuous because it is largely government sponsored.
Read more >
Stemming the Wave of Foreclosures
2009 Good Neighbor Finalist Jeff Schrager tackles the foreclosure problem, one house at a time.
Read more >
Foreclosures Tricks and Treats
HGTV real estate Web site Frontdoor.com explains the "tricks and treats" of buying a foreclosure.
Read more >
10 Safest Places to Live in the U.S.
Forbes magazine compiles a list of the areas least affected by accidents, crime, and weather disasters.
Read more >
Mortgage Applications Fall Again
Volume dropped 12.3 percent last week, though interest rates were also down, according to the Mortgage Bankers Association.
Read more >

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Buyer's Guide: New Car Class of 2010
Make the Most of Your Fourth Quarter
10 Affordable Home Redos
Opportunities in a Down Market
We want to know what commercial real estate brokers and managers are doing to stay afloat.
Read more >
Economy: Looking Toward Stabilization
2009 Expo Exhibitor List
Progress on the Tough Issues
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