Summit Realty Group's Blog

  This would be great for the re market... Daily Real Estate News  |  March 6, 2008Another Rate Cut Expected SoonThe Federal Reserve is expected to again cut key interest rates - now at 3 percent - at its next meeting on March 18. Futures market investors are betting the cut will be at least a ha...

  Tell me waht you think about lease options... Daily Real Estate News | March 10, 2008Lease-to-Own PrimerLease-to-own agreements can help sell a hard-to-sell property during a sluggish housing market. Here's how theywork:􀁺 A seller agrees to rent a property to an interested buyer for a set perio...

 This article is one that we should all be aware of...  Daily Real Estate News | March 10, 2008IRS Releases Vacation Home RulingThe Internal Revenue Service recently issued a Revenue Procedure ruling that spells out how vacation propertiescan qualify for 1031 exchanges, which involve the exchange...

 I would like to hear your thoughts and opinions on this article. Daily Real Estate News | March 11, 2008Home Inventory Stabilizes in FebruaryThe inventory of homes for sale in major metropolitan areas grew just 1.2 percent in February, according toZipRealty, a national brokerage doing business i...

  I woul like to hear your thoughts about this article. Daily Real Estate News | March 11, 2008Why Now is a Smart Time to BuyNow is a great time to buy a home, say the financial gurus at the Wall Street Journal.The Journal calls it a buyers market and offers these suggestions for first-timers get...

 NAR says home sales to remain steady!!! Daily Real Estate News  |  March 6, 2008NAR: Home Sales to Hold SteadyThe volume of existing-home sales is expected to remain stable through late spring, with a gradual recovery during the second half of the year as the mortgage situation improves in high-...

  Here is another article about Freddie...Daily Real Estate News  |  March 4, 200830-Year Rates to Hit 5.5 Percent?Freddie Mac expects the average 30-year fixed mortgage rate to slip to 5.5 percent this year from 6.3 percent in 2007, marking a 45-year low; but Global Insight Inc. economist Brian ...

Is it true renting is safer than buying...well the press would lead you to believe that the trend is moving towards renting and not home home ownership. Daily Real Estate News  |  March 4, 2008More People Opt to RentThe housing slowdown is causing more people to remain renters. Equity Residential...

Here is another great article to read and talk about. Daily Real Estate News  |  March 4, 2008Commercial Market Feels CrunchAnalysts at Goldman Sachs Group Inc. project a decline of 21 percent to 26 percent in construction spending over the next two years.The decline, they say, will hit lenders h...

Does anyone do shart sales?  Short Sales Can and Do Make a Difference...A Personal Look at This Industry Trendby Will WeaverOn any given day, I receive three to four calls from people who are inforeclosure and find themselves in a frightening whirlwind of red tape, debt,and decisions most feel to...