Your REALTOR: Pat and Mark Cole August 2008 The Right Agent Makes All The Difference In The World Copyright © 2008 Realty Times All Rights Reserved. Daily News And Advice Updated 01:00 AM CDT Today  Today's Feature Stories Investor Report: New Housing Bill and Tax Benefits Foreclosure relief for home owners may be getting all the press on the new housing bill signed into law by the President this Wednesday. But there's plenty of tax-related goodies sprinkled through the bill's nearly 700 pages for sharp-eyed real estate investors. FULL STORY-> Inflation Concerns Ease As Do Mortgage Rates Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.52 percent with an average 0.7 point for the week ending July 31, 2008, down from last week when it averaged 6.63 percent. Last year at this time, the 30-year FRM averaged 6.68 percent. FULL STORY-> Realtors Join in Building Homes for Heroes There were no dry eyes today at the celebration/ceremony marking the raising of the walls of the first four homes in Habitat for Humanity's "Homes for Heroes and Foundation for Families" neighborhood in San Juan Capistrano. FULL STORY-> What To Do When You're Facing Foreclosure It's a situation facing hundreds of thousands of people and the numbers are growing rapidly. Foreclosures aren't just happening to people who over-leveraged themselves and got into risky loans. They are happening to homeowners who are getting divorced, facing health issues, needing to relocate for a job, and numerous other reasons. Regardless of how you may end up falling behind on your mortgage, knowing what to do next is critically important. FULL STORY-> Headlines Real Estate Outlook: Housing Bill Approved With home sales and prices down and unsold inventory up in many areas, the real estate market could use a jolt of good news -- and Congress just provided it. The massive, 690-page housing bill was just approved on Capitol Hill this week. FULL STORY-> New Homes: Changing Homebuyer Priorities Results of Recent Poll The results of a Harris interactive poll commissioned by Move.com reveals that potential home buyers value "green" building features more than luxury amenities. FULL STORY-> Do Single Men or Women Typically Buy Earlier? tba FULL STORY-> Get Your House In Order Chances are you are staying in your home a little longer then expected. Why not use the wait to get your house in order? You'll feel better about whatever is causing the delay. FULL STORY-> More Biz in Tough Market: The Secret to Success? Successful people do things that make them successful. Columnist Brian Hilliard explains. FULL STORY-> Commercial Investing Tips & Market Observations from the Future Leaders of the CCIM Institute: The 2008 Class of the Jay W. Levine Academy What is happening with the reemergence of the American city? Are there different types of investments for different types of investors? These questions and more in Peter Mosca's latest interview series. FULL STORY-> Market Conditions According to the latest from the Case-Shiller home price index, home prices were down 15.8% in May. They report, "For the second straight month, all 20 MSAs posted annual declines, nine of which are posting record lows and 10 of which are in double-digits." FULL STORY-> Foreclosure Relief Comes To Washington Thousands of homeowners came to Washington last week trying to avoid foreclosure. For many the trip meant huge mortgage savings and the potential to keep their homes. Columnist Peter G. Miller reports. FULL STORY-> Condo Trends: Portland Growth Predictions Strong for Future Portland city leaders have touted a good future for the city and surrounding areas with a new report out regarding the region’s economic projections. FULL STORY-> Mortgage Moment: Negative Amortization #47 FULL STORY-> How Old is the Typical First-time Buyer? New Fed Rules Codify Mortgage Squeeze Market Conditions Ask the HOA Expert Online Communication: Best Practices Housing Crisis Hits Remodeling Creating a Safer Kitchen What Would a Bailout Mean? Wounded Move to Aid Low-Income? Real Estate Solutions: Your Success Is In Your Smartphone Market Conditions Washington Report: New Housing Bill Wild, Wild West: Houston, We Don't Have A Problem Is Zero Down a Bad Idea? Research on Rural Communities in England Could Provide a Roadmap for Success for Builders in the States Bring People Back to Make the Sale Market Conditions Investor Report: Where to Buy Low, Sell High Hot Market: Seattle – A Lesson In Normalizing Markets Does Inflation Affect Home Prices? Real Estate Outlook: Index Says Positive Growth Underway Is the Single Member LLC a New IRS Target? CURRENT MORTGAGE RATES Interest Rate Watch 30 yr fixed: 6.52% 15 yr fixed: 6.07% 1 yr adj: 5.27% (U.S. Daily Averages) LIBRARY Buyers Advice Sellers Advice Homeowners Advice Advice for New Homes Advice For Borrowers Rental Advice Homeowner Association News NAR News - Back - Pat and Mark Cole E-mail: markcole1@NUMBER1EXPERT.com Web: http://www.RWJax.com 904-707-2287 Realty World Excutive Group 904-215-5712 414 Old Hard Road, Suite 200 Orange Park, FL 32003 Equal Housing Opportunity

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