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Paul Rosso

October 2005
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Daily News And Advice

Updated 01:00 AM CDT Today 

Today's Feature Stories


Heating Your Home Without Burning a Hole in Your Wallet

Heading into cooler temperatures will have many homeowners boiling mad as they have to pay significantly more for heating this winter than last year. FULL STORY->



Housing Counsel: Avoiding a Family Feud

Tenants in entirety as compared to Tenants in Common. Benny L. Kass discusses this subject in this week's column. FULL STORY->



Most Still Not Fully Prepared For Disaster

An Experian-Gallup survey reveals Hurricane Katrina remains an unlearned lesson of preparedness for many Americans who aren't fully ready for a disaster. FULL STORY->



New Consumer Research Study: American Homeowners Are Not Debt Junkies

A new survey of homeowners across the country concludes that the overwhelming majority are handling their mortgage debts responsibly, and have specific plans on paying off their loans. That, in turn, is why just 2.15 percent of homeowners with prime mortgages are even slightly behind on their payments, the lowest rate since 1998. Ken Harney reports. FULL STORY->



Housing for Every Pocketbook: Seminole, Florida

Experts predict that the Tampa Bay area will remain in the nation's top 10 housing markets, and one of the top 10 growth markets in the future. FULL STORY->



Headlines


'Smart' States: New England Tops; Low Scores In West, South
Braced for both bouquets and brickbats, the unflappable Morgan Quitno Press is at it again, this time naming the smartest states along with states where, well, educational conditions aren't as bright as they could be. FULL STORY->

30-Year FRM At Highest Level In Six Months
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.03 percent, with an average 0.6 point, for the week ending October 13, 2005, up from last week's average of 5.98 percent. Last year at this time, the 30-year FRM averaged 5.74 percent. This is the highest the 30-year FRM has been since March 31 when it averaged 6.04 percent. FULL STORY->

One-Stop Shopping Serves Consumers and Real Estate Companies
Gone are the days of single-product real estate companies. The company that offers only sales support and consulting for consumers is a company that will have a difficult time competing in the future real estate industry, according to a study from Clareity Consulting in Scottsdale, Ariz. FULL STORY->

Arlington, Virginia, Sees Strong Local Job Market
If you are considering moving to the Washington, DC area, Arlington should be number one on your list of places to consider, say local Realtors. FULL STORY->

It Takes Two to Get a Remodeling Job Done
A contractor and a client should first decide whether they can work together before they sign a contract. FULL STORY->

Portland, Oregon: Less Rain Than You Think
Portland is a wonderfully livable city with mild climate, friendly people and a wide variety of things to do. FULL STORY->

Real Estate Market: What Hurricane?
Mother Nature who? Real estate speculators, buyers and sellers are moving full speed ahead in storm ravaged areas as the economic impact of the storms will likely spare the real estate market -- even in the most devastated areas. FULL STORY->

NAR Says Housing Forecast Looks Stronger
The forecast for home sales has trended up as the year progressed, fueled lately by added demand resulting from the impact of recent hurricanes, according to the National Association of Realtors. FULL STORY->

The Two Faces of Chromium
Some things in life are both good and bad. Stuart Lieberman expains that Chromium is one example. FULL STORY->

Everything's A Little Sweeter In Sugar Grove
Tremendous residential and commercial growth is on the horizon for this charming town as several new areas are being developed. FULL STORY->

Stretching The FEMA Hurricane Housing Grant
Displaced Gulf Coast residents with federal housing grant money can look to major Texas cities as locations where than can best stretch their funds for shelter, according to a unique survey. FULL STORY->

Your Lender May Be Watching
Don't think you can sneak a second or third mortgage by your primary lender. Now, mortgage stakeholders have a new tool to root out the existence of subsequent financing that adds a significant element of risk to their investment in your property. Lew Sichelman has the details. FULL STORY->

Ask the HOA Expert
Readers write in about their own HOA issues. Richard Thompson has the answers. FULL STORY->

The Tumble on Wall Street
While there are no end to the worries about a possible housing bubble, Wall Street has been in the dumps all year. Peter G. Miller comments. FULL STORY->

Vacation Rental Investment 'Type' Crucial as Location
Location is paramount when choosing a vacation rental investment property, but the type of property you choose can also impact your bottom line -- for better or for worse. Consider your options. FULL STORY->

The City of Angels: Los Angeles

Canadians Need Long-Term Energy Strategies

Ask George & Chuck: Questions from Consumers

Housing Counsel: Swapping Properties -- What is "Like Kind"?

A "World City": Miami, Florida

Guaranteed Good Faith Estimates the Remedy to Settlement Sheet Shocks?

Fraud Outbreak Expected In Gulf Coast Region

Customer Service Growing Trend in Home Building

$34.4 Billion Hurricane Katrina A Record Disaster

30-Year FRM At Highest Level In Six Months

Real Estate Careers Cost More Than You Think

Austin, Texas: Come Discover the Wealth

And the Survey Shows -- Everything Is Okay

Omaha, Nebraska, Offers Neutral Market

What Do Mixed Messages Mean for Canada's Housing Market?


Fixer Upper To One Is Cosmetic To Another

Is This The Face Of A Bubble?

Are Antsy Consumers Browsing For Housing Or 'Bubble' Information?

New Research: Homebuyer "Preapproval" Letters Often Virtually Worthless

Landlord Beware: Advice to Protect You and Your Investment

Property Managers Akin To Stock Market Brokers



CURRENT
MORTGAGE RATES

Interest Rate Watch

30 yr fixed: 6.03%
15 yr fixed: 5.62%
1 yr adj: 4.85%
30 yr jumbo:  

(U.S. Daily Averages)



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Paul Rosso, GRI,ABR,RECS
E-mail: paul@paulrosso.com
Web: http://www.BucksDreamHomes.com
Cell: 215-778-9687

RE/MAX Properties, Ltd
Direct: 215-968-7402
Office: 215-968-7400, x7402


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