Real Estate News Network December 5, 2008

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Today's Market Conditions Report
A comprehensive analysis of the market, with over 10,000 reports from Realtors across North America.

Fed Chairman Ben Bernanke said yesterday that more must be done to help homeowners -- and that help needs to include the government and banks stepping up to the plate. FULL STORY->

Today's Headlines



Investors looking to diversify their portfolios into land or rental properties -- that are still gaining in market value -- ought to look south of the border. FULL STORY->

Home buyers and investors are making their way south again to the Sunshine State. The third quarter sales statistics demonstrate sales increases across the board with a 5 percent increase in sales for the quarter compared to the same quarter a year ago. FULL STORY->

The world has changed dramatically in the last 50 years. There has been more innovation and more technological progress in the last 80 years than there were in the previous years added together since the beginning of time. FULL STORY->

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.53 percent with an average 0.7 point for the week ending December 3, 2008, down from last week when it averaged 5.97 percent. Last year at this time, the 30-year FRM averaged 5.96 percent. The 30-year FRM has not been lower since January 24, 2008, when it was 5.48 percent. FULL STORY->

There's hardly any good news to speak of when the words mortgage and foreclosure are used in the same sentence but one self-proclaimed wrongful-foreclosure homeowner has identified a silver lining behind the massive cloud. FULL STORY->

Home-related expenses account for a large portion of cost-of-living increases. Your home is also chock full of potential savings that can help you get into your next home. FULL STORY->

Prospects are on vacation, the family is staying over, and it's real easy to postpone any sales related activities. Here's how to stay on top of your business. FULL STORY->

At their recent meeting in Orlando, Florida, directors of the National Association of Realtors (NAR) gave formal approval to NAR's Housing Stimulus Plan. FULL STORY->


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M.
Featured Writer:
M. Anthony Carr

Mortgage Rates
30 Year Fixed: 5.53%
15 Year Fixed: 5.33%
1 Year Adj: 5.02%
(U.S. Weekly Averages)

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