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1. 2009 First-Time Home Buyer Tax Credit  

2009 First-Time Home Buyer Tax Credit
Www.realtor.org

© Copyright NATIONAL ASSOCIATION of REALTORS® | Headquarters: 430 North Michigan Avenue, Chicago, IL 60611

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Danilo Bogdanovic / AgentGenius
Home Buyers Tax Credit: Extended, Expanded Why the Extended Home Buyer Tax Credit is a Slap In the Face   —  Sure, you’ve all heard by now…the first-time home buyer federal tax credit has been extended through March 30, 2010 and has also been expanded to include many existing home owners. Many are shouting, “WOO HOO!”. But I’m not. No, really..we’re serious! SIKE! For some time now, NAR and the government have been ...

Annalisa Burgos / FrontDoor Unlocked
Home Buyers Tax Credit: Extended, Expanded Do you qualify for a homebuyer’s tax credit? It’s not just for first timers anymore…   —  President Barack Obama signed into law a $24 billion economic stimulus bill today, which includes the extension and expansion of the popular first time homebuyer tax credit. Find out if you qualify for the expanded credit.

2. RPR Madness! NAR unleashes national property database with Cyberhomes  

Brian Boero / 1000Watt Consulting

[What follows is my somewhat stream of consciousness take on today's events. This post is a beast. Interested in your thoughts. And please point out where you think I've missed the mark. More will follow.] The NAR has taken over certain technology assets of Cyberhomes from LPS (formerly known as FNRES) in order to bring its RPR [...]

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Www.mlstesseract.com
REALTORS® Property Resource: A possible business model?   —  I have had numerous conversations with folks regarding the REALTORS® Property Resource (RPR), NAR's multi-million dollar initiative shrouded in secrecy. Until now, my view has been that there is no business model for it.

JACOB GAFFNEY / Housing Wire
Higher Unemployment Means Many More Distressed Properties to Come   —  A panel meeting today at the Safeguard Properties National Property Preservation Conference in Washington DC shifted gears to address the “unexpected” jump in unemployment rates. Unemployment in the United States now stands at 10.2%, somewhat beyond the forecast of economists. The US Conference of Mayors, a nonpartisan organization ...

3. Home bargains hard to catch in Costa Mesa  

Home bargains hard to catch in Costa Mesa
Jon Lansner / Lansner on Real Estate

Insider Q&A knows that real estate is a local-local business and that market conditions can vary by city and even neighborhood. In that spirit, we went “micro” this week … chatting with Valerie Torelli of Torelli Realty about what’s up — what what’s not — with housing in her specialty area: Costa Mesa.

4. Foreclosed homes decline to 26th-month low  

Foreclosed homes decline to 26th-month low
Mathew Padilla / Mortgage Insider

The latest foreclosure figures from First American CoreLogic show a growing divergence in what’s happening to problematic mortgages in Orange County. The ratio of bank-owned houses and condos, known as REO, against all outstanding first mortgages declined for the 13th straight month to just 0.26% in September — the lowest in 26 months.

5. Real Estate People & Places  

Real Estate People & Places
Post-gazette.com

Patricia Butler, Dorina Manolache,Victoria Miller and Emily Schwartz have all joined the Upper St. Clair office. Kaitlyn Orstein, formerly with Prudential Preferred Realty, is in Peters.David Wroble, previously with Coldwell Banker, has joined the Uniontown office.

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Tom Koziol / Real Estate Investing For Real
Real Estate People & Places The Health Care Bill and Real Estate Investors / Professionals   —  At first blush, these two seem like polar opposites. After all, what does the proposed health care bill being ballyhooed have to do with real estate investing? I will readily admit I haven’t read the 1900 plus page bill but I have a friend who did. I won’t tell you about the number and size of [...] This Article is Copyright © ...

Gwen Banta / AgentGenius
Real Estate People & Places Hollywood Real Estate Props and Flops- The Sequel   —  Keep Your Day Job There is no end to bad taste. Last week after recounting some of the wacky decorating schemes I have witnessed during my time warp in Los Angeles, I received many comments from others who have witnessed “decorating” madness and mayhem in their towns as well. Here are a few more to ponder: The mask like the one in The Texas ...

6. Newlywed Laker selling Manhattan Beach digs  

L.A. Times

Custom-built in 2002, the Mediterranean has an open floor plan, formal living and dining rooms, a family room with a hand-carved wet bar, three stone fireplaces, an office and a three-car garage. A round window brings light into the top of the two-story foyer. The house has five bedrooms -- some of which Odom used as closet space -- and five ...

7. Deposit Insurance a Persistent Problem  

Deposit Insurance a Persistent Problem
Www.aei.org

Deposit insurance reflects the political desire to make deposits riskless for the public. Unfortunately for the government, this desire does not reflect reality; deposits fund an industry that is inherently risky, highly leveraged, and very sensitive to economic cycles. The result? Deposit insurance helped inflate the real estate bubble by ...

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8. News Release  

Www.fanniemae.com

WASHINGTON, DC -- Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender.

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DIANA GOLOBAY / Housing Wire
BarCap Sees ‘Limited Use’ of Fannie’s Deed-for-Lease Program   —  Although a new foreclosure alternative program announced Thursday by Fannie Mae (FNM: 1.04 -7.14%) presents a new step in mitigating foreclosure risk among distressed borrowers, it looks to have only a “marginal” effect on prepayments within Fannie residential mortgage-backed securities (RMBS), according to market commentary by ...

9. Number of Home Listings Declines Nearly 3% in October 2009  

Number of Home Listings Declines Nearly 3% in October 2009
RISMedia

RISMEDIA, November 7, 2009—The number of home listings within 27 major U.S. metropolitan areas slipped 2.82% in October 2009, compared to a month prior, and is down 28.65% compared to a year ago, according to a survey of home listings information provided by MLS in these markets conducted by national real ...

10. Today’s News at a Glance  

RISMedia

Click here for a summary of today’s news.

11. Nothing overlooked at Overlook home in Edgeworth  

Nothing overlooked at Overlook home in Edgeworth
Post-gazette.com

When home is where the view is, the heart will surely follow. That's how it happened for Judith and Steve Thomas. Leaving the land of sun and celebrity, Los Angeles, for Pittsburgh's variable weather and rabid Steeler fans wasn't as difficult as some might imagine.

12. Rain barrels overflow with ecological benefits  

Rain barrels overflow with ecological benefits
Post-gazette.com

Holy pumpkins, it's almost time to turn the rain barrel cylinder from "collect" to "bypass." Such a simple act, yet so difficult -- another acquiescence to the cold.

13. Foreclosure ends plan for twin downtown towers  

Foreclosure ends plan for twin downtown towers
Seattletimes.nwsource.com

A developer who had proposed a $900-million, twin-tower development across Fifth Avenue from the Westin Hotel in downtown Seattle has lost part of the property to foreclosure.

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14. Five more banks fail - 120 for the year  

Five more banks fail - 120 for the year
Money.cnn.com

The biggest to fall was United Commercial Bank of San Francisco, which had 63 U.S. branches as well as operations in Hong Kong and Shanghai. The bank held deposits totaling $7.5 billion.

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15. The Value of Having Good Home Insurance  

The Value of Having Good Home Insurance
Sellsius / Sellsius real estate marketing blog

Guest post author: Shayna A. Home insurance has become a necessity as burglaries are on the rise and the possibility of natural disasters has increased in the last few years. These occurrences and... Thanks for subscribing to our feed. If you want more, please click on the headline. Thank you!

16. Breaking News, Burning Questions  

Breaking News, Burning Questions
Getrealshow / Get Real Real Estate Investing

On this week’s show we are doing something a little different. We are dedicated the entire show to answering your questions and filling you in on some important things going on in the real estate investing industry. Being successful is not just about finding the next great deal but it also includes understanding [...]

17. 'Dancing With The Stars' Pro Kym Johnson Attends Jersey Boys Vegas  

'Dancing With The Stars' Pro Kym Johnson Attends Jersey Boys Vegas
Las Vegas Real Estate Agent Bill / LAS VEGAS REAL ESTATE

‘Dancing With The Stars’ Pro Kym Johnson attended The Jersey Boys Las Vegas show November 5, 2009 at The Palazzo Resort. The celebrity celebrated a very special occasion, her mother’s birthday. Deven May, Jeff Leibow, Kym Johnson, Drew Gehling and Travis Cloer Photo by B.J. Allen Johnson was treated to VIP Vegas treatment by meeting the ...

18. Really? Foreclosure flood hits Northwest  

Really? Foreclosure flood hits Northwest
Jon Lansner / Lansner on Real Estate

Real estate news and views from around the globe that make you go, “Really?” DREARY: Foreclosure rate in Seattle-Tacoma-Bellevue area up 37% from year ago. (Seattle PI) MORE HERE! MESSY: Seattle neighbors left with dirty work from foreclosed homes (King5.com) MORE HERE! BUSTED: Foreclosure bus maps Seattle real estate bust (Seattle ...

19. Homebound hounds: You’re going to have break those chains on your own this year in San Diego  

Homebound hounds: You’re going to have break those chains on your own this year in San Diego
Greg Swann / BloodhoundBlog

I think it should be obvious by our lack of self-promotion, but we ended up not putting anything together for BloodhoundBlog Unchained in San Diego. I can’t speak for Brian, but I’ve been wall-to-wall with work for months, and I haven’t had time for anything else. I’ll go through the PayPal records tonight to make sure [...]

20. Inventory’s Dead Cat Bounce  

Inventory’s Dead Cat Bounce
Jonathan Miller / Matrix

It’s time to share my Three Cents Worth on Curbed, at the intersection of neighborhood and real estate. The surge of sales over the summer had the effect of working off a bunch of excess inventory, but it still remains about 20% above historical norms. [Click to expand and read full post on Curbed] Check out [...]

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Curbed.com
Inventory’s Dead Cat Bounce > Three Cents Worth —   —  Given today's release of the latest Hamptons/North Fork real estate market reports, we've remanded control of Miller Samuel's Jonathan Miller to Curbed Hamptons this week. His topic: a comparison of the price and absorption trends between Manhattan and the Hamptons. Throwdown! [Curbed Hamptons