Metas
Real Estate News 05/05/08
FLOOD INSURANCE
The U.S. Senate could consider the National Flood Insurance Program (NFIP) reauthorization bill this week. The bill forgives the program’s $17.3 billion in debt related to Hurricane Katrina and does not include a provision allowing NFIP to also offer wind coverage.
SUBPRIME MORTGAGES
In the boom times, did mortgage lenders know that many mortgage applications listed exaggerated income yet approve them anyway? The New York Times reported Sunday that federal investigators think that’s possible, and that they plan to expand their probe of mortgage industry practices.
FORECLOSURES
Democrats, working to build Republican support for a broad homeowner rescue plan, will pair the bill this week with several housing measures President Bush has demanded.
HOME SELLERS
It’s a challenge to sell a home in today’s market, but the battle eases considerably with careful preparation. Sellers should focus on the top 10 issues. Curb appeal, kitchens, bathrooms and doors head the list.
REAL ESTATE MARKET
It can’t be a slow market for sellers without it also being a dynamic market for buyers. Buyers have lots of homes to choose from, time to browse, and, typically, the advantage in negotiations.
Photo credit: Sciondriver
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