Monday, September 13, 2010

More "What's Brewing in Real Estate"

More news on "What's brewing in Real Estate"

Fannie Mae program designed to cut inventory concerns some - Faced with a large inventory of empty homes, Fannie Mae has a program aimed at selling its foreclosed homes. The program, HomePath, allows potential buyers to put down as little as 3-percent, but some believe the plan could actually lead to more foreclosures down the road. Valley Realtor Stanley Fosha does admit the Fannie Mae program has an upside. "With the program, there's the ability to get people in the house and get the house off the market which is great for the market, it could stabilize the market, but when it comes to these Fannie Mae homes, you look in any neighborhood and what's the lowest price, the Fannie Mae owned home." Read full article:

Real Estate Outlook: Clear Capital - It's no secret that the keys to a long-term housing recovery are a growing economy, more jobs and modest growth in home values. So it's significant that the latest numbers in all three of these area happen to be positive - they're not spectacular, but definitely pointed in a good direction. Last week's national Home Price Index from the real estate data firm, Clear Capital, found that housing values not only have stabilized in most parts of the country, but are gaining in many markets. In Barclays Capital's recent report on the "shadow inventory" of homes with seriously delinquent mortgages that haven't yet hit the REO market, researchers found the total inventory dropped for the fifth straight month. Read full article:

Tuesday, September 7, 2010

Homeowners insurance

I hope you all had a great Labor Day Weekend,

5 things you must know about homeowners insurance
1. Loyalty is overrated - check and for better deals. Consider moving your auto policy too; bundling home and auto coverage can cut your total premiums by 5% to 15%.
2. You may have too much coverage - For now, pass on inflation protection and adjust your coverage amount to a more realistic figure.
3. A bad rep can cost you - Insurers check national databases to see what claims you've filed in the past. Those records can be full of errors. Check your insurance report for mistakes.
Read full article to learn more:

Monday, September 6, 2010

What is Labor Day

When was the First Labor Day?

According to the Department of Labor, the first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, according to the plans of New York's Central Labor Union. The second Labor Day followed a year later, on September 5, 1883. Labor Day wasn't part of a three-day weekend until 1884, when the first Monday in September was selected as the holiday, as originally proposed by the Central Labor Union, who then urged other labor organizations in other cities to celebrate the holiday on the first Monday of September.

Making Labor Day a Legal Holiday

The first state to enact a bill that would eventually become law to celebrate Labor Day was Oregon on February 21, 1887. Other states jumped on the bandwagon, just a few at first, but more than half of the states adopted the holiday to honor America's workers by 1894. On June 28, 1984 the U.S. Congress passed an act making the first Monday in September a legal holiday in the District of Columbia and the territories. So the idea of a three-day Labor Day weekend was well in place across the U.S. over 100 years ago.

Thursday, September 2, 2010