EarlyBird News

Daily Briefing: Friday, November 6, 2009
A service for members of Florida Realtors®

TODAY'S TOP STORIES

Obama signs bill: Buyer tax credit extended

It's now law: Buyers get 5 more months to sign a contract, 7 more months to close; Fla. downpayment aid program extended; some move-up buyers get $6,500. Read more.

Rates on 30-year loans fall below 5%

The average rate fell to 4.98%; it had hovered below 5% for a month before inching up two weeks ago. Read more.

Good sign: Business spending up 3.5%

The economy expanded in the 3rd quarter, and more tech purchases show businesses' confidence in the recovery. Read more.

U.S. Senators push for Chinese drywall relief

The resolution encourages lenders to delay or suspend mortgage payments without penalty. Read more.

Fannie Mae offers rental foreclosure option

Homes won't be sold right away as owners are offered a one-year rental lease with month-to-month option. Read more.

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Six tips to better online real estate photos

How many buyers ignored one of your listings because the online photos didn't make it look appealing? Read more.

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Weekly Real Estate News

JOHN ROSE
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john@johnjrose.com
www.johnjrose.com

Sent from Boca Raton, FL, United States

---------- Forwarded message ----------
From: REALTOR(R) Magazine Online <NAR@newsletters.realtor.org>
Date: Fri, Nov 6, 2009 at 2:44 PM
Subject: Weekly Real Estate News
To: john@johnjrose.com

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November 6, 2009


	Advertisement AGENT ALERT: NAR reports 87% of buyers go online to find their next home. Get the all-new FREE Agent Success Kit and see how you can leverage the Market Shift and make these buyers YOUR clients. Click Here for Your Success Kit—AND Get a FREE Business Consultation.



	Obama Signs Extended Tax Credit into Law NAR mounted an effective campaign to ensure that Congress extended and expanded the home buyer tax credit. Read more >

	NAR to Launch Consumer Site HouseLogic, a new Web site for home owners, will be unveiled during the upcoming 2009 NAR Conference and Expo in San Diego. Read more >

	Pending Home Sales Continue to Rise Hitting a record eight straight months, pending home sales have seen the longest gain since recording started in 2001. Read more >

	MIT Index Says Commercial Prices Climbing Commerical prices rose 4.4 percent in the third quarter, the first increase in more than a year. Read more >

	Google Maps Expands Real Estate Info The broadened function allows real estate practitioners to list homes that are searchable by Google Maps users. Read more >

	Voluntary Loan Defaults Are on the Rise More borrowers walking away from mortgages even though they have the ability to pay takes the foreclosure crisis to a new level. Read more >

	Refinancing Fuels Loan Activity Mortgage applications rose 8.2 percent last week as interest rates generally declined, according to the Mortgage Bankers Association. Read more >

	High Stress in High-Foreclosure States The Associated Press' monthly survey reports that Nevada, Michigan, and California remain at the top of the list of areas with the most anxiety over the economy. Read more >

	Ministry Delivers Help to Needy, Joy to Founder 2009 Good Neighbor Finalist Samuel Thomas Jr. serves food to the homeless, with a side of hope. Read more >



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