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Home Sales Prices Rise: Is Anyone Catching It?

After the gloom in the media and on Wall Street about housing values, someone forgot to check the stats! Recently there have been a lot of stories about isolated areas that have seen 20% reductions in home values. Most agree that these areas...

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Efficiency Audits Can Save Energy and Money

The US Department of Energy (DOE) recommends an energy audit as the first step in assessing your energy consumption and improving the energy efficiency of your home. A do-it-yourself inspection can be a good way to determine problem areas. ...

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Fannie, Freddie will raise some fees, lower others

The two biggest sources of mortgages for American home buyers plan to raise their base fees to counter what they see as continuing “adverse conditions’ in the real estate marketplace. At the same time, however, Fannie Mae & Freddie...

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Bonds Persevere And Go For Gold Next Week

This week, several reports will show us whether or not inflation is getting hotter. Thursday’s Consumer Price Index (CPI) report will show us inflation at the consumer level – that is, how much more expensive goods and services are for...

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Pending home sales index rises 5.3% in June

In a sign that the U.S. housing market may strengthen in the coming months, an index of sales contracts on previously owned U.S. homes rose 5.3% in June from the prior month, the National Association of Realtors reported Thursday. The index, wh...

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The Do’s and Don’ts of Negotiating with a Buyer

First, the Don’ts:· Don’t Focus on small details – If you have a compelling offer, don’t jeopardize it by focusing on items such as who keeps the drapes. · Don’t Dismiss offers out of hand – read and consider all offers; sell...

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Buying Homeowners Insurance

The Real Estate Corner Q. What should we know about buying homeowner’s insurance? A. Getting homeowner’s insurance should be a fairly simple process. Your goal is to get enough coverage to rebuild your house and replace the contents i...

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Home Pest Inspection

Q. We‘re getting our home ready for sale. Should we have a pest inspection now and it really necessary? A. The state of California and most lenders require that the seller or buyer obtain a Wood-Destroying Pest Inspection Report and Lender...

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Mortgage Forecast for the Week

Several reports that are scheduled for this week could determine whether Bonds and home loan rates can manage a bigger comeback than they did last week. Definitely stay tuned for the Department of Labor’s big Jobs Report scheduled for Friday,...

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How The Housing Rescue Bill Can Help You

A bill passed by the House on Wednesday will assist up to 2 million borrowers in danger of foreclosure by allowing them to refinance their current mortgages with a Federal Housing Administration (FHA)-backed loan. The bill also allocates fundin...

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