Southern New Jersey Overlook

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Realty Reality - Blog Posts - Highlights - June 2008

Here are some of the Realty Reality blog articles that appeared during the past month of June:

Advantages of Remodeling Now
Rising energy costs and a middling economy have dampened consumer confidence, but for many homeowners, recent adjustments to the market may actually have a silver lining. For homeowners who've been looking to make updates to their property, there are a number of reasons that make this an attractive time to tackle a remodeling project...

Saving Money on Your Summer Road Trip
Americans have loved the open road seemingly from the day that the automobile was invented. This year, the rising cost of gas could threaten one of the season's most cherished traditions: the summer road trip. Here are some fuel-saving (and cost-cutting) tips for summer's road warriors...

U.S. Monthly House Price Index Fell 0.8 Pct.
WASHINGTON, DC - U.S. home prices fell 0.8 percent on a seasonally-adjusted basis from March to April, according to OFHEO's monthly House Price Index. For the 12 months ending in April, U.S. prices fell 4.6 percent. As April 2007 was the peak of the monthly HPI, 4.6 percent is also the total fall from the peak...

Pew Report on the Internet and 2008 Election
According to a recent Pew/Internet report, a record-breaking 46% of Americans have used the internet, email or cell phone text messaging to get news about the campaign, share their views and mobilize others. And Barack Obama's backers have an edge in the online political environment...

FHA Reaching Out to At-Risk Homeowners
FHA IS REACHING OUT TO 675,000 AT-RISK HOMEOWNERS IN SECOND PHASE OF DIRECT MAIL CAMPAIGN. Hundreds of thousands of homeowners urged to consider safer, more affordable FHA-backed mortgages...

John McCain Holds Town Hall Meeting Held At Burlington County College, NJ
GOP Presidential hopeful, John McCain, held a major Town Hall meeting at the Burlington County College (BCC) auditorium, a host to many past political events because of it's facilities and location...

Builders Offer Congress Recommendations On Making Affordable Housing Green
NAHB suggested new ways to improve sustainability and energy efficiency in housing while simultaneously supporting housing affordability...

Federal Reserve Beige Book June 2008 Report
Reports from the Federal Reserve Districts suggest that economic activity remained generally weak in late April and May. Three Districts described economic activity as softer, weaker, or lower, with an additional four Districts reporting slower, sluggish, or modest economic growth. The remaining five Districts of Philadelphia, Cleveland, Atlanta, St. Louis, and San Francisco described activity as stable or little changed in recent weeks...

HUD: Setting The Record Straight
The following was posted on HUD's new News Release page...

FTC Published Final Rule on CAN-SPAM Definitions and Implementation
Federal Trade Commission (FTC) recently published (5/31/08) in the Federal Register a Final Rule: "Definitions and Implementation Under CAN-SPAM Act."  The rule becomes effective on July 7, 2008 and provides definitions, modifications and clarifications to the "Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003" (CAN-SPAM)...

Permit Extension Act Approved by Assembly Committee
The Assembly New Jersey Housing and Local Government Committee unanimously approved the Permit Extension Act, A2867...

HUD Study Finds Consumer Confusion Leads To Higher Closing Costs
WASHINGTON - Many American consumers overpay by thousands of dollars in total closing costs when they purchase their homes, according to a recent nationwide report from the Urban Institute (UI). The study found that there are significant and unsupported variations in loan charges, title fees and other closing costs charged to homebuyers, and that minority borrowers pay hundreds of dollars more in total loan origination fees than do non-minority homebuyers...





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