Summit Realty Group's Blog

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Anything goes so lets talk about what's going on in the real estate market both nationally and internationally. Our firm likes to hear what is going on in the city and small towns across the country.
Daily Real Estate News  |  March 28, 2008Obama Criticizes McCain on Housing PlanSen. John McCain (R-Ariz.) has come under fire from Sen. Barack Obama (D-Ill.) for his lack of a plan for stabilizing the housing market. A day after McCain said in a speech that the government should not reward lende...
Daily Real Estate News  |  March 20, 2008The Nation's Best Cities for BusinessDoing business in the United States is challenging these days, but locating in the right city can make life easier. Forbes magazine has for the tenth year in a row ranked the 200 largest metro areas according to their b...
  Daily Real Estate News  |  March 20, 2008Interest Rate Cuts Help ARM Holders The Federal Reserve's rate cuts aren't doing much to lower mortgage rate for new buyers, but they could help holders of existing adjustable rate mortgages.Rates on home-equity lines of credit, credit cards and auto loa...
  Daily Real Estate News  |  March 20, 2008Fannie, Freddie Get Cash to SpendThe Office of Federal Housing Enterprise Oversight yesterday reduced the amount of capital it requires Fannie Mae and Freddie Mac to maintain from 30 percent to 20 percent.That means the companies are being allowed to tak...
  Daily Real Estate News  |  March 20, 2008Home Sellers Resort to Weird Deals Frustrated home sellers are trying an array of techniques to sell their slow-moving homes.In Colorado, J.J. Rodgers has launched an essay contest. So far, she has received more than 500 essays - accompanied by a $100 en...
Daily Real Estate News  |  March 20, 2008Practitioners Dig Up New RevenueRather than flee the real estate industry due to the housing downturn, experts say real estate practitioners should use their skills and experience to offer services outside of buying and selling homes to supplement their in...
Daily Real Estate News  |  March 27, 2008Multifamily Housing Lures InvestorsThe shifting housing market is making multifamily housing more attractive for investors.During the property boom, the rental market soured and landlords had to offer expensive incentives to get and keep tenants. With risi...
Daily Real Estate News  |  March 27, 2008Jumbo Loan Rates to Climb HigherJumbo Federal Housing Administration mortgages are likely to carry interest rates that are at least a 0.375 percentage point higher than rates on normal FHA loans, said Mahesh Swaminathan, a mortgage strategist at Credit Sui...
Daily Real Estate News  |  March 27, 2008Curb Appeal Sells Homes, Survey SaysA survey of almost 500 real estate agents commissioned by JELD-WEN Windows & Doors indicates the increasing importance of curb appeal in selling a home. According to the Real Estate Agent Community Trends survey, 82 perc...
Daily Real Estate News  |  March 27, 2008Paulson: Price Easing was 'Inevitable'The U.S. government shouldn't interfere with a drop in housing prices, but should strive to minimize the impact on the economy, U.S. Treasury Secretary Henry Paulson told a meeting Wednesday of the U.S. Chamber of Comm...

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