Schumer Seeks IndyMac Scrutiny
Sen. Schumer is urging federal regulators to monitor more closely the financial health of mortgage lender IndyMac Bancorp, citing concerns about risks to taxpayers and borrowers.
Mortgages Rise Slightly
Home-mortgage rates drifted up this week, with adjustable-rate mortgages climbing the most.
Zell Looks to Tribune Real Estate
Tribune said it is consulting with real-estate firms to find ways to squeeze more value from its office complexes.
Tennis’s Wilander Lists Home in Sun Valley
Tennis’s Mats Wilander has listed his home in Idaho for $8.5 million … In Washington, a manufacturing executive has listed a condominum for what may be the city's highest-ever price for an apartment … plus more. Photos
Japan Developers Face Head Winds
Demand for office space in Japan, which has been strong for years, is showing signs of softness. And that’s likely to weigh on shares of the country’s biggest real-estate developers.
Positive Notes on Housing Deal
The White House’s new point man on housing said he was “very optimistic” the Bush administration and lawmakers could reach an agreement on a huge housing package.
REIT Pay Is Staying Strong
Stocks of real-estate investment trusts had a dreadful 2007, but executives and board members of those companies didn’t see a corresponding hit to their wallets.
U.S., States Probe Loan Broker
The FBI and regulators are probing a loan broker alleged to have caused borrowers to lose millions of dollars through an “advance fee scheme.”
Feed Category Test Post
My news stories are supposed to end up here automatically. not sure why they don’t….
Hard-Won Lessons from a Home Owner
Minneapolis home owner Lucie Amundsen’s husband was transferred north to Duluth, Minn. She stayed behind to sell the house. Here’s what she learned about selling a home in a tough market:
Make the commitment to sell. “This market eats wishy-washy sellers alive. Sellers should be prepared to let go.”
Steer clear of useless feedback. “I should have had the real estate professional who listed my home turn off the electronic feedback feature. He could have passed along any helpful information, while filtering out the more hurtful and pointed comments.”
Be prepared for the long haul. “Because I adore my house, I just assumed other people would, too. “
Respond to the market. “Long before the 40th showing, we should have dropped the price or taken the property off the market.”
Source: Star-Tribune, Lucie B. Amundsen (06/28/2008)
