Daily Real Estate News

Buyers Who Wait May Lose a Lot The end of low mortgage rates, rising home prices in some places, and the expiration of the tax credits make this an ideal time for many potential buyers to act. Flood Insurance Program Is in Jeopardy Senate Republicans are blocking the renewal of the national program out of concern that the spending adds to the federal deficit. HARP Receives a One-Year Extension The federal government's Home Affordable Refinance Program, aimed at borrowers with little or no equity in their homes, will now expire in June of 2011. How to Grow Your E-Mail Database Facebook and Twitter offer great possibilities for expanding your database, but it's important to focus on relationship building and customer service. Orleans Homebuilders Declares Chapter 11 East Coast company is seeking a buyer through a negotiated sale, reorganization plan, or court-supervised auction. Without Tax Credits, Housing Market Is Flat Housing economist Tom Lawler says job growth and affordable interest rates will drive improving home sales. Buffett Predicts Downturn Will End in 2011 In a letter to his shareholders, Warren Buffett predicts that the housing market will bounce back next year when housing demand catches up with the supply. Buyers Should Consider Prepaying Mortgage Paying down a mortgage early may provide a better return than other investments, according to real estate experts. Fannie Mae Seeks Another Bail-Out Fannie Mae is asking for another $15.3 billion from the federal government in order to continue offering mortgage funding. Move-Up Tax Credit Having Little Impact Industry experts are criticizing the $6,500 move-up tax credit for having little influence on sales as January to February numbers remain stagnant. Reduction of Mortgage Tax Breaks Unlikely Members of Congress are unenthusiastic about cutting mortgage-related tax deductions outlined in President Obama's proposed budget. Tips for Motivating Your Sphere of Influence Looking for referrals? Here are a few pointers on how to reach out to your contacts and stay fresh in their minds.

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