Real Estate Speedlinking
Author: Joshua Dorkin • URL: http://www.biggerpockets.com/August 30th, 2006 •
- Money Magazine writes about 4 renovations that kill a home’s value, listing the Swimming Pool, the Addition, Trendy Finishes, and the Jacuzzi as part of the list
- London is now the priciest housing market in the world, overtaking New York City, according to Reuters
- Demand for home purchase loans fell to the lowest level in three years as “mortgage applications fell for the first time in four weeks.” The Yahoo News article goes on to detail that home refinancing demand rose for the sixth straight week, “which has primarily been a result of a recent retreat in mortgage rates.” 30-Year fixed mortgages hit a four year high of 6.86 back in June.
- Keith at HousingPanic talks about a crackdown in San Diego on realtor signs as city hall institutes a code-enforcement crackdown on Sunday as part of a $1 million beautification program. “City officials say the signs failed to comply with existing codes for temporary signage and that they were placed illegally in the public right of way.”
- The MillionaireRiches blog talks about why 50-year mortgages are a bad idea.
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Joshua Dorkin
Charles Feldman
Ted Karsch.
Troy Schuricht
Anwell Tsai
Richard Warren
Jim Watkins
I have found that including an in-ground swimming pool in the listing can be a bigger problem than an above-ground pool. Some potential buyers will not even look at the property if they are not interested in an inground pool because of the expense of removal.