Monday, October 4, 2010

Top Real Estate Updates: Week of September 4th, 2010

Home prices up, but growth rate slows
U.S. home prices
Case-Shiller Index, US House Prices, (2000 = 100)
By Les Christie, staff writerSeptember 28, 2010: 10:38 AM ET

NEW YORK (CNNMoney.com) -- Home prices have risen for five straight months, but the rate of growth has slowed, according to an industry report released Tuesday.
Prices inched up 0.6% in July compared with June, according to S&P/Case-Shiller 20-city home price index. On a year-over-year basis, prices rose 3.2% compared with July 2009. more...

Mortgages under 5% are back in bloom
With one of the key measures below the benchmark for the second week in a row, would-be home buyers face the best rates since the spring.

By Julianne Pepitone, CNNMoney.com staff reporter
Last Updated: October 8, 2009: 1:03 PM ET
 
NEW YORK (CNNMoney.com) -- The possibility of securing a mortgage rate below 5% has greatly improved in recent weeks, in a positive sign for would-be home buyers.
Home mortgage rates fell for the sixth straight week, according to two key measures, with one of them pointing to a sub-5% rate for the 30-year fixed loan for the second week in a row. more...

The powers (of attorney) that be: What you need to know now

By Harvey S. Jacobs

Special to The Washington Post
Saturday, October 2, 2010

On Oct. 1, the Maryland General and Limited Power of Attorney Act took effect. The changes make it more difficult to delegate a power of attorney, and so this tool can no longer be regarded as a last-minute alternative to attending a real estate closing.
Dubbed "Loretta's Law," the measure was partially the result of one family member abusing the power entrusted to her by her elderly aunt. more...

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