EXIT CLOVIS REALTY
EXIT CLOVIS REALTY
(505) 762-4200
Lonnie R. Mitchell
Broker/Owner
505-693-3287
EXIT CLOVIS REALTY
HOMES FOR SALE IN CLOVIS NM
AND THE SURROUNDING AREA
Real Estate News

Today's Real Estate News and Advice

Updated: August 18, 2008

 Washington Report: Industry Critics and RESPA
It's no secret in Washington that RESPA reform -- that's the acronym for the real estate settlement rules that govern all home sales and financings -- is a hot potato that nobody seems able to handle. FULL STORY->

Selling your Home Vacant or Furnished?
There is a consistent debate among home sellers and realtors alike as to which scenario Vacant or Furnished will bring you higher priced offers? This question is often overlooked by sellers due to the inconvenience of putting off the physical move till after a home sells. After all, individuals want to get their lives back to “normal” as quickly and “conveniently” as possible, especially if children are involved. FULL STORY->

Condo Trends: Las Vegas Home Sales Increase Following Months of Drop
Is the slump over for condo sales in Las Vegas? Having been designated as one of the leading foreclosure cities in the United States several times this last year, sales are edging up and prices holding steady. FULL STORY->

Long-Term Mortgage Rates Relatively Unchanged and Mixed Economic and Housing News; ARMs Fall Slightly
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.52 percent with an average 0.7 point for the week ending August 14, 2008, unchanged from last week when it averaged 6.52 percent. Last year at this time, the 30-year FRM averaged 6.62 percent. FULL STORY->

Don't Overlook The Garage When Getting Your Home Ready To Sell
There's a lot of talk about curb appeal being the driving force drawing buyers into your home. It makes sense. If the house looks a mess from the outside, what buyer would want to set foot inside? FULL STORY->

Online Transaction Management: Bringing Buyers and Sellers Closer to Their Real Estate Transaction
Statistics reveal consumers are ready, willing and able to use their computers to obtain information via the Internet when looking to buy or sell a home. They are searching the internet for homes for sale, seeking neighborhood and school information, obtaining mortgage and pre-qualification information, researching sale prices and even applying for a mortgage online. FULL STORY->

Investor Report: Hidden Tax Pitfall
Here's a tax alert for real estate investors who use popular tax-free exchanges: The recently signed federal housing legislation contains a hidden zinger that could cost you thousands of dollars if you don't plan around it. FULL STORY->

Market Conditions
While our Condo expert, M. Anthony Carr, might be singing the praises of condos in such areas as Las Vegas (who saw an 18% jump year over year for July) and New York City, the condo market itself has seen some hard times this year. FULL STORY->

Roost Study Alludes To Power Of Words
Words are power when it comes to searching for a home, according to a recent study from a new browsing for housing Web site that tracked the most common words consumers used when searching for homes. They aren't the same words real estate agents most often use when crafting listing descriptions. FULL STORY->

Cut Energy Bills by Turning Apartment Buildings into a Computer
How does thebuildingmonitor.com allow investors and property owners to save significant dollars on their energy bills? Peter Mosca's interview with Mike Klein shows us just that. FULL STORY->

More Biz in Tough Market: Become Completely "Unreasonable"
Gas prices are going up, the economy is going down, and it's becoming harder and harder to find clients who are seriously thinking about buying a home. FULL STORY->

Market Conditions
CNNMoney reported yesterday that mortgage applications fell last week by 1.5 percent. FULL STORY->

Overcoming Your Feelings
When his wife and he were blessed with their first son, with all of the wonderful changes and challenges that a newborn brings, the one he was not as well prepared for was the lack of sleep. This translated to days when his energy tank was not overflowing. We all face the challenge of a physical energy tank that is overdrawn at times. FULL STORY->

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