Latest Home Appliance Models offer Ease in Cleaning
Kurt-Ludwig Gutberlet, CEO of BSH Bosch Corporation, the German Appliance company, states that
his consumers demand ease and convenience from their home appliances.
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Real Estate World Hits Reality Television
A new show entitled "Real Estate Confidential" is a 30-minute reality-based drama that made its debut this week on the Fine
Living cable network. The program follows various real estate agents through the trials and tribulations of their professional lives.
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Record foreclosure Rate Likely in 2007
Reports show the foreclosure rate actually dropped 4% during the month of February from January;
however those figures are still 12% greater than 2006.
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Sales of New Homes Drops for 2nd Month
Economists are beginning to second guess whether or not the housing market will experience a complete
rebound this year as
sales of new homes fall for the second consecutive month.
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Tips for a Quick Laundry Room Facelift
The author of Home Makeovers that Sell, Side Davis, states in his book that it is the "Wow" factor that sells homes today.
Improvement to various areas of a home can make a big difference. An attractive and useful laundry room can help
add to the overall "Wow" factor.
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Federal Reserve Meets, Leaves Rates Unchanged
The Federal Reserve Board met on March 22 and left rates unchanged at 5.25%. The rate had remained unchanged since June 2006.
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Tax Time Tip: Moving Expenses- What to Deduct
If your family moved in 2006, and the move was job-related, be sure to deduct any job-related
moving expenses on this year's return.
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February Reports Show Increase in New-Home Construction
The U.S. Commerce Department reports that construction starts of new apartments and homes went up to a
seasonally adjusted rate of 1.525 million units annually.
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Small Decline Seen in Home Mortgage Applications
The MBA (Mortgage Bankers Association) reports that mortgage applications for last week were lees than the previous week. This
information is compiled from a weekly survey which is conducted by the MBA.
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U.S. housing Slump May be Helped by Short Sales
The MBA (Mortgage Bankers Association) reports that an increasing number of lenders are approving short sales as an alternative to foreclosures.
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4th Quarter 2006 Sees Decline in Overvalued Homes
Real estate analyst firm Global Insight reports the number of single family homes that they find to be overpriced
declined from 17% to 16% in the 4th quarter of 2006.
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Double Master Bedrooms are the New Luxury
The newest trend in new home design is His and Her bedrooms.
A survey published in February by the NAHB (National Association of Home Builders) which includes both builders and architects, is reported as predicting that 60% of custom designed homes will be built with dual master bedroom designs by the year 2015.
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Are Subprime Lenders Getting What They Deserve?
Several subprime lenders are currently facing bankruptcy. The U.S. Treasury Department's undersecretary for domestic finance, Robert Steele,
reports that in spite of these failures, the current situation in the subprime lending market is manageable.
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"Vertical Neighborhoods" - A Possible Solution to Urban Sprawl
More and more developers are designing what is known as "vertical neighborhoods" to satisfy the demands for downtown living
options when availability of undeveloped land parcels is scarce in major urban areas.
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Recruiting Hampered by Housing Concerns
A recent survey found that 3 out of 10 employees turned down job opportunities
that required relocation due to housing cost and mortgage concerns.
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World's Super-Rich Keep Costs of Exclusive Properties High
In the world's most attractive cities, prices of exclusive high-end residences and
properties continue to increase despite the overall slowdown of the real estate market in the United States.
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Update your Older Bathroom Tile
In 1957, shades of yellow, green pink or blue were popular tile colors which were usually outlined with black grout. In 2007, colors like these are not very current.
There are several options available to potential buyers as well as current home owners who wish to replace and/or update their tile.
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Home Buyers Splurge on Key Rooms
Kermit Baker, chief economist for the American Institute of Architects states that home buyers continue their
desire for more upscale baths and kitchens in spite of the housing slowdown.
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What to Do If You Can't Pay the IRS
The IRS offers limited and expensive options to taxpayers who are unable to pay what they owe.
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Current Home Remodeling Trend: Sunrooms, etc.
Conservatories are no longer for the British. Many U.S. home owners are opting to add them to their homes.
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Group Targets Lending Predators
An organization called Americans for Fairness in Lending is a new coalition of civil rights and consumer
groups recently started a national movement against predatory lending practices.
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Appreciation of Home Prices Showing Signs of Returning to Normal
The average price of a home in the U.S. showed an increase of only 1.12% during the 4th quarter of last year. This is compared to an increase of 3.03% during the 4th quarter of 2005. This information is from a
report filed by the Office of Federal Housing Enterprise Oversight.
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Pattern in Turmoil of Housing Market Seen
Some analysts of the housing market situation are of the belief that it is following a similar path as the stock market. The stock market's bubble most recently burst seven years ago.
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Many Investors find that REITs are the Right Choice
REITs are more commonly known as real estate investment trusts. This is one segment of the real estate
market that did exceptionally well in 2006.
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Traditional Retirement Migration Sees Reversal
Not since the great depression has a greater number of retirees migrated from the south to the north.
This reversal in behavior is being seen in people 75 yrs and older and is being reported by the U.S. Census Bureau.
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Mortgage Rates Drop Again
Freddie Mac Reports Another Drop In Mortgage Rates This Week.
This week saw a decline in the 30-Year fixed rate mortgages to 6.18% this is down from 6.22% last week.
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National Association of Realtors Calls for Terrorism Insurance
The Institute of Real Estate Management along with the NAR has recommended to the Senate to work towards a long term solution that would guarantee people the availability of terrorism insurance.
This resolution would be effective in lieu of the expiration date of the 2002 Terrorism Risk Insurance Act.
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