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Vote gives rise to draft real estate data standards

By Inman News, Sunday, April 13, 2008.

The National Association of Realtors, along with representatives of multiple listing services, brokerages, real estate vendors and search companies on Friday announced the approval of a draft standardized data format for the widespread distribution of real estate listing information.  more...

Don't be fooled: fence-sitters are not buyers

By Alison Rogers, Sunday, April 13, 2008.

Dear friend/person who read something I was quoted as saying in the media/random blogger:

Thank you so much for your thoughts on the state of the housing market. I was most impressed with your emphatic declaration that real estate is currently overpriced and that the nearly 70 percent of Americans who own their own homes are "just a bunch of ninnies."  more...

Beware of the 1.5% mortgage offer

By Jack Guttentag, Sunday, April 13, 2008.

(This is Part 2 of a two-part series. See part 1.)

This is the second of two articles on the characteristics of good mortgage brokers.  more...

Don't buy home if you'll need to sell in a recession

By Dian Hymer, Sunday, April 13, 2008.

Some people -- including financial wizard Warren Buffett -- think the United States is already in a recession.

Technically, economists define a recession as two or more consecutive quarters of negative growth as measured by the gross domestic product (GDP). Commonly, however, recession is a term used to describe a period of general economic decline.  more...

Major documents every homeowner should create

By Benny Kass, Sunday, April 13, 2008.

DEAR BENNY: My aunt, age 83, has no other living relatives than my sister, my two brothers and me. She is completely reluctant to make out any of these documents: a last will and testament, a durable power of attorney, a power of attorney for health, a living will (advanced health-care directive) and a power of attorney for financial matters. I believe she should have them all. Could you tell me the consequences of not having each one of these?  more...