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Wednesday, March 10 2010
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The Kenny Klaus Team & 85297.com

 

2919 S Ellsworth Rd #133
Mesa, AZ 85212

(480) 354-7344 ofc
(480) 889-1478 fax

Contact: Kraig Klaus

info@thekennyklausteam.com

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Daily Real Estate News from NAR

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Fewer Sellers Are Cutting Prices
Bidding wars are emerging on lower end properties, according to Trulia.com.

GMAC Unloads Mortgages at Auction
Real estate company has sold off $250 million in troubled mortgages and securities, and will continue to sell assets throughout the year.

Mortgage Fraud Investigations Are Climbing
Loan modification scams drove the record number of lawsuits in the fourth quarter of 2009.

Pennsylvania Adopts Sprinkler Requirement
Though supported by firefighters and insurers, home builders and the state REALTOR association oppose the first-in-the nation mandate for newly constructed homes believing it will slow the housing recovery.

Vacation Home Interest Is on the Rise
Maui, Kiawah Island, S.C., and the Hamptons top the list of desirable second-home markets, says Barron's magazine.

ZipRealty Finds Inventory Up Slightly
Supply of homes was up 4.2 percent in February compared to an average of 3.4 percent in February over the past 27 years.

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