Exit Realty Premier's (pmorton) Blog

Federal Housing Administration loans for condos are so complicated that borrowers are avoiding them.Lenders say informally that the use of FHA loans to buy houses has tripled, but certain restrictions are keeping condo buyers away.To qualify for FHA funding, a building must have four or more unit...

In seven months, real estate marketing coach Jennifer Cummings helped Christina Martinez, one of the highest-producing real estate agents in the country, boost her commissions to $7 million from $4 million. Cummings believes the secret to success is for agents to move from "advertising" to "marke...

Tell first-time homebuyers it's time to commit: A provision of the recently-passed federal housing recovery bill gives first-time buyers an interest-free loan of up to $7,500 in the form of an income tax credit.The credit equals 10 percent of a home's cost up to $7,500, and applies to any single-...

Many Florida Realtors® statewide noted positive movement in their local housing markets in June, with an upswing in the statewide median price reported for both existing home sales and condominium sales over May 2008, according to the latest housing statistics released by the Florida Association ...

Numerous Web sites display property listings, but it's unclear how often the listings are updated. "If you're looking at a database that is 12 hours old, 24 hours old or even longer, you might miss out on opportunities," says Realtor.com President Errol Samuelson. Of the 909 Multiple Listing Serv...

Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations.The measure, regarded as the ...

Real estate agents tend to drive at least 20,000 miles per year, and high gas prices hit them hard in the wallet. However, Edmunds.com reports that drivers can use 31 percent to 37 percent less gas by gently accelerating, and they can lower gas consumption by 12 percent to 14 percent by driving t...

A recent survey conducted by Harris Interactive on behalf of Move Inc. shows that 44 percent of homebuyers expect improvements in the housing market when the new president is installed next year.However, 81 percent of buyers are "nervous" about the housing market at the present time.Even so, 47 p...

As foreclosures continue to mount, borrowers who have run out of options are turning to attorneys to fight back -- and they're living mortgage-free for months in the process.Although the chances of ultimately keeping a foreclosed home are slim, for $1,500 to $3,000 some lawyers are offering to de...

Home foreclosures will keep rising next year no matter who is elected president in November.Even the optimism that surrounds a new president taking office cannot resurrect home values overnight, and presidents have no direct ability to reduce rising mortgage rates. Nevertheless, Democrat Barack O...